I've had paypal for years now, but I never really took a close look at this.
Someone sent me $300 via echeck over paypal.
The money takes 3-4 business days to clear into my account (according to paypal).
My question is this
Is the $300 pending echeck already added to my balance? Or will it be added once it clears?
IE - I have $1000 in there now. Will it be $1300 in 3-4 days? Or is that $300 already included in the $1K?
Vector
07-07-2005 08:08:37
I beleive it will be added once it clears, I have been paid with eChecks several times.
as i know it is included in the $1K
Collateral
07-07-2005 08:13:14
It will be added once it clears. I've used them many times.
yar. conflicting answers.
So will it be $1300 or $1000??
Collateral
07-07-2005 08:20:47
[quoteb59c1866b2="wood"]yar. conflicting answers.
So will it be $1300 or $1000??[/quoteb59c1866b2]
It'll be $1,000 until the echeck clears.
[quote5983171fdc="Collateral"][quote5983171fdc="wood"]yar. conflicting answers.
So will it be $1300 or $1000??[/quote5983171fdc]
It'll be $1,000 until the echeck clears.[/quote5983171fdc]
...
and once it clears?
comppimp
07-07-2005 08:28:53
Will be $1,300 - the $1,000 doesnt include the $300
Collateral
07-07-2005 08:33:33
[quote60f7a49dfe="wood"][quote60f7a49dfe="Collateral"][quote60f7a49dfe="wood"]yar. conflicting answers.
So will it be $1300 or $1000??[/quote60f7a49dfe]
It'll be $1,000 until the echeck clears.[/quote60f7a49dfe]
...
and once it clears?[/quote60f7a49dfe]
yes, like they said it'll change to 1300 oonce it clears
Pete - why do u disagree?
Collateral
07-07-2005 08:36:02
[quote2ae8804ed2="wood"]Pete - why do u disagree?[/quote2ae8804ed2]
Think about it wood. If it was added right away before the check cleared and the echeck bounces then wheres that $300 come from if you already spent it?
idrinklisterine
07-07-2005 08:40:26
What exactly is an echeck? How do you send them?
[quote47e75a4064="Collateral"][quote47e75a4064="wood"]Pete - why do u disagree?[/quote47e75a4064]
Think about it wood. If it was added right away before the check cleared and the echeck bounces then wheres that $300 come from if you already spent it?[/quote47e75a4064]
Yea I know...that's what i was saying.
But my acct is higher than i expect...which is why i was/is confused.
plus, pete swares its already been added...
Vector
07-07-2005 08:51:17
I have been paid with 2 eChecks, I had to wait until they cleared then, I got paid.
comppimp
07-07-2005 09:03:49
I think that if you export your paypal log (into an Excel file, for example), it'll show you the account balance before/after every transaction on your account. That's one way to make sure.
penguin
07-07-2005 11:35:37
it'll be added to your balance once it clears. your history tells you your balance for every transaction. for an echeck i received, there's one line stating "payment from x" w/ out the amount added to my balance and then another line stating "update from x - cleared" w/ the cleared funds added to the balance.