@i-once-was-bump wrote:
d*g it takes at least two days from the Paypal transaction to when the funds are taken from my bank acocunt and when receiving an e-cheque as a seller it has taken 3 or 4 days to get the email from Paypal that it is OK to post the item.
However when I make a payment it states it is instant because of the credit card back up.
Could be dependent on the bank, I guess - I haven't paid with an eCheque in a really long time but I do sometimes fund from my bank account (with debit card as a backup so it's processed as instant) and my balance goes to that "half-way" stage immediately where my balance is still the same, but available funds are less the amount sent.
Paper cheques take a few days to clear because there's a physical item with a signature that needs to travel to the issuer's bank to be verified - no such thing has to happen with an electronic payment via PayPal, so the processing and clearance times are completely unnecessary, IMO.
