PayPal Misery Rant

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GiveMeABreak
Forum Admin Team
Posts: 9794
Joined: 15 Sep 2015, 19:38

Re: PayPal Misery Rant

Post by GiveMeABreak » 14 Jun 2018, 10:54

Exactly - no need for them to delay the processing like this.

Hell Razor5543
NOT Alistair or Simon
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Joined: 01 Apr 2012, 09:47

Re: PayPal Misery Rant

Post by Hell Razor5543 » 14 Jun 2018, 11:20

Except that it helps to increase their finances. If a financial house can hold onto money in an account for a few days it will earn them a tiny amount of interest. The interest on £100 for a week might only be a couple of pennies, but do that with a few thousand accounts every week over the course of a year and it is a significant amount.

wurlycorner
Posts: 1509
Joined: 30 Oct 2012, 23:37

Re: PayPal Misery Rant

Post by wurlycorner » 14 Jun 2018, 11:36

It's exactly that they benefit (interest) from holding onto the transactions.
Bank have all sped up their processing to be (largely) instant for domestic customers. Meanwhile paypal have slowed theirs down.