paypal taken directly from my bank account. it posted monday morning!
ive never seen paypal take more than 24hrs to post my payment to the seller.
This is what paypal wants buyers to think.
Here is how it works.
You send payment,payment hits sellers paypal account,seller must accept payment,once payment is accepted it shows on YOUR paypal that payment has been recieved,what they neglect to tell you is that paypal is who recieved payment ,not the seller.
The seller must then either transfer payment to his personal bank account (3 day wait) or opt to have a check cut & sent to them in the mail which takes 2 weeks.
There is no such process where any seller recieves payment in any form within 24 hours but paypal will never tell buyers that,they add to buyers anger over things like delayed shipping because they lead buyers to believe that the seller has been paid.
Now the reason for a sellers delay in shipping,you pay & get notification of accepted payment,the seller ships out the very next day via ups 2nd day air but payment is still in computer land,you wait until the item reaches you then notify paypal or your credit card company that the item was damaged or the wrong item,paypal will automatically stop payment to the seller or deduct your payment from his account & refund you 100%,you still get to keep the item that there is nothing wrong with & all your cash.
Its called "the charge back scam" & its rampant with paypal.
I stand to gain nothing as i dont sell grow supplys on ebay,i just like to inform buyers what they are really dealing with when using paypal,sellers are scared as hell with paypal nowdays & the main reason they accept it is because buyers love the service not because it pays them quickly.