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Interest made while your money is delayed

I spoke to a PayPal employee today on the phone and they told me that the reason that it takes so long to transfer fund to and from a bank account is because it has to go threw the federal clearing process. She explained to me that the money that was in my PayPal account, is transferred to a federal clearing, and when cleared then is transferred to my bank account. She explained that the government is making money in interest off the money while it is in this “Pending” status. Is this true? How dose PyPal train or qualify there support representatives? Can anyone at PayPal clarify where and what is going on during this 3-5 day “Pending” status?

No response!

Posted: August 16, 2013 at 5:20 pm

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