Originally Posted by Lou
I've heard there is a 3 day delay in receiving funds funneled through paypal.
There is also a 3 day delay when someone uses a card with a merchant account. None of them put the money directly into your bank at the time of the purchase.
BUT - PayPal will give you a debit card that you can use immediately to make purchases online or in a real store and you can also get your money right away at an ATM. It is the transfer time that takes 2 or 3 days. They are not holding your money, it is the way the process works.
And, of course, you can use it right away to make online purchases from other merchants who take PayPal, just using the funds in your account.