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on 01-08-2014 06:26 PM
Yes it is interesting on the length of time it takes to transfer money from PayPal to a bank account. Normal bank to bank transactions happen overnight (if done before 7.00pm).
On the other side of it, if a payment is made by e-Cheque, PayPal take the funds from the account the same day, but the receiver of the funds does not see the money for roughly 5 days. Strange really, because if the bank allows PayPal to make that withdrawal from an account, there must be clear funds there for the transaction to happen - otherwise the withdrawal would be denied. There is no excuse for the time delay other than PayPal is making money on the short term money market.