|
Thats one of the criminal natures of the banking system. This is actually not paypal doing anything. ALL bank transfer except "wires" take 3-5 days. The reason for this is simple. Once it has LEFT the origin account but NOT arrived at the destination account the money belongs to the bank and THEY can earn interest on it. Thats why it takes 3-5 days. There is no technical reason for it.
Some say how much interest can they make in 3-5 days. its not about 3-5 days. its 3-5 days TIMES the number of dollars of ALL transfers AND times the amount of all those transfers. Trust me its millions of dollars in interest :-)
Imagine if every time I handed someone a dollar you made 1 penny. Now imagine I did this 100 million times in a year. Suddenly that penny is not chump change any longer :-)
|