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Re: Need some advice please
Not all Paypal transactions are instantaneous. Most people are
familiar with 'instant bank payment' transactions that are just that
- instant. However, eChecks take longer. From the Paypal faq:
Why does it take so long for my recipient's account balance to
reflect my eCheck payment?
It can take several business days for your eCheck transfer to
complete and the recipient can use the funds from your payment. Here
are estimates based on which country your bank account is from.
U.S. - up to 4 business days
Canada - up to 8 business days
UK - up to 9 working days
Australia - 7-8 working days
Your eCheck payment does not appear in your recipient's balance
until the transfer is complete.
21 days does seem suspicious.
In any case, don't ship until the funds clear.
At 2010.04.16 10:02 PM, d.nix wrote:
>Seems sketchy to me. No response? No shipment... Most Paypal transactions
>are virtually instantaneous. Are you even certain the notice was really
>Maybe advise him nothing is changing hands until the funds are in your
>control, see if that doesnt generate a response.
>----- Original Message -----
>From: "Ace Ovil" <firstname.lastname@example.org>
>Sent: Friday, April 16, 2010 8:36 PM
>Subject: Need some advice please
>I'm sorry to bother you all, but I figured some of you had bought and
>sold some expensive toys over the years and might know about this.
>Let me start by saying I am a broke medical student with almost no
>online trading experience.
>After putting my EDP on craigslist and here on the list for some time, I
>finally decided to sell it on ebay. I had never really sold anything on
>the bay before.
>Anyway, yesterday it closed for what I think is a great sale price
>($760). I was pretty happy.
>The winning bidder has 0% feedback though and the account was started
>in January. (Sketchy?) I sent him a message before and after the sale,
>but got no response which made me even more nervous. Today I received a
>notice from paypal that the payment is pending in my account but won't
>be released for 21 days.
>Is this normal? Should I ship the Echoplex? Anyone have any advice to
>calm my nerves or tell me what to look out for?