Where does the money go?

I never have a problem with money going from paypal to my account, thats always timely. Its the other way that seems to get held up. If its gone from my bank account, how come its not in my paypal account, its driving me crazy. Anyway, I didnt know you could get account specially for internet transactions, Ill have to look into that, although, Spain being as backward as it is, I doubt they have that in existence.

Whats worse is when you had a specific use for the money and by the time it arrives, the offer has gone, or you completely forget what you wanted it for in the first place. LOL

Now thats the answer I was looking for. I had a feeling that they were making money off of it. And if they do this with every bank to paypal transfer, they are making some serious dosh. Thanks for the heads up on the site, Ill go and read that now.

Just gone onto paypalsucks.com and i don't get any alerts, avg can be a tad sensitive though, there's nothing wrong with the site though as far as i can tell and it's still there. i've had plenty of run ins with paypal in my time, i used to run a business on ebay and was selling in excess of 200 items a week over 3 accounts, over the time i was doing it i lost around £500 due to paypal and their wacky policies that can be manupulated by buyers who know the tricks and it wasn't until i got stung by the tricks that i learnt from them i was like everyone else who thinks nahhh i've never had a problem and then out of no where BAM CHARGEBACK, FRAUDULENT CREDIT CARD TRANSACTION etc etc etc even had one buyer who clearly was pulling a fast one and wanted their money and the item who put in a chargeback saying not as described ( all new items by the way ) and of course paypal tell the buyer to send the item back so what did they do they sent a padded empty envelope by registered post, not knowing what it was i signed for it and they submitted the tracking number so paypal gave them their money back as it seemed they had returned the item but they hadn't. now i only use paypal as a buyer and with all the problems and changes on ebay now i only sell personal things that i want rid of and thats maybe 3 items a year if that, at least my bank balance isn't getting screwed by paypal any more lol.

Now thats wierd, Ive just gone to that site and its giving me an AVG danger warning on the IP address! How the mighty manage to dupe us. That has got to be the big boys stopping us reading the site, what do you think?

And its happening again, my bank told me 14 days ago that the €6 (not much I know) was withdrawn by paypal, yet to this day it has not appeared in my paypal account. Yet again I have sent a support request, but have heard nothing. Baffling to say the least.

hiya Ritzy^_^ I also dont plan on linking credit card to my paypal. That's why I plan on getting a Debit Card so the funds are only incoming and not outgoing. Well, reading the response before me, that kinda makes sense. I mean, its one of the ways that Paypal can earn and sustain their online banking business without having to get outrageous fees from all the clients. I also have read that site the responder mentioned about. That site actually made me very apprehensive and cautious in creating my own Paypal account. That's why I created my MB account first. But with most online transactions, Paypal is the most widely used so it was inevitable that I create one. I find it to be okay so far. Still have to be cautious though, right?^_^

Hiya byky (LOL), Ive never had a credit card, so Ive never been in a position to link one. Hence having to use a bank account. I cant think of any other way to get money I "make" out (should that miracle ever happen!) But hey, read the answer above this one, yes it does disappear, and yes they do make money out of it. Nice seeing you again.

I dont have a credit/debit card attached to my Paypal account, so Im sure that has something to do with it. But my bank account sends the money almost straight away, it just dissappears for such a long time. Its very curious indeed.

On the other hand i guess paypal needs to earn for their services somehow, like bad currency exchange rates and so forth. But i agree it seems weird that it is gone for a certain time period.

Yes, I get confused with their charges, sometimes they charge me sometimes they dont. I will have to look into the amount of Euros where the charge no longer is applied. I didnt know they did that. Thanks for the tip.

Yes I'm a verified user, have been for over a year, and you are right in thinking that there are not lots of transactions going through, its more like a PENNY account LOL! BTW the money did turn up, 18 days after it left my bank account, I just so wish I knew where it has been hanging out, probably a "cash party" no doubt, it would be lovely if it brought some friends back with it!

Ye, I never had a problem sending money FROM paypal TO my bank, only the other way around. And it seems to happen every time. I mean, I get the money in paypal eventually, but it just goes missing for 2 weeks!

Well it wasnt fixed, I mean the money eventually got through to my paypal account, but it was missing for 16 days, I just want to know who has that money during that time, I dont, my bank doesnt and paypal doesnt, I just think its misappropriation of funds! Thanks for your response though, Im glad you happy with paypal, I am too, except for this one "ethical" problem.

Thanks for your suggestion. I have contacted them and I get no response. But this has happened each time I have requested money from my account. Its not like its unusual,it seems to be the standard. I dont have any problem with money going TO my bank, this happens in a couple of day, but the other way seems to take 21 days or more. Other than that, I am very happy with paypal.

If you have paypal, then mylot will pay you into that account, i dont think they have specific ones that they choose over others.

No I did not spend the money and forget. I transfered it from my bank to paypal, but it took 21 days in total to get there. It DID get there, I was not ripped off, I am just questioning the amount of time that it was unavailable to me and who is using it for that period of time.

I actually asked them the question in an email, but it never got a response. Im sure they just put it somewhere and earn interest on it. I always get it, it just takes way too long.