PayPal Misery Rant

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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
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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.

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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.