PAYPAL - Transfer To Bank Account status still Pending after 24 hrs ???????

how u guys got the money back? I mailed them asking to cancel that transaction and reverse the fund to my account but I got the same reply, Help me guys

Dear ,

Thank you for contacting PayPal.

Hi, my name is Ryan and I will be happy to assist you in getting this
issue resolved quickly.

I understand that you would need further assistance regarding your
pending bank withdrawal for the amount of Rs. INR on April 7,
2010. Let me further assist you with that and please accept our
sincerest apology for the inconvenience this issue may have caused you.

I just want to let you know that but might take up to 14 business days
Electronic transfers to your bank account usually take 5-7 business days
to process. Holidays and weekends are not recognized as business days
for most banking facilities, which may result in a delay in your banking
transactions.

I believe that there is just a delay transferring the funds to your
local bank account that is why the bank withdrawals are still on
pending.

Please note:

* PayPal has no control over the length of time it takes your bank
to post their credits, and we do not receive confirmation when your
credit has been received by your bank
* Usually, if there is a problem with the transfer completing, it is
rejected back to PayPal and the funds are reversed back into the PayPal
account
* At this time, this transaction has not been rejected back to us.
Therefore, we suggest that you contact your bank and ask to speak with
someone who works with Electronic Funds Transfers. This Department
should be able to verify that your deposit was received.
* If you are unable to locate the deposit at your bank, and the
status of the transaction is still listed as completed, we can initiate
a trace on these funds once 14 business days have passed. In this case,
please contact us and our Customer Service will provide all the
information to initiate the trace procedure.

Thanks for your patience and collaboration.

We know situations like this can be difficult, so thanks for working
with us. If you have more questions, visit our Help Center by clicking
"Help" in the top right corner of any PayPal page.

Sincerely,
Ryanpy
PayPal, an eBay Company

 

good night mate

 

ignore this mail call them and cancel the transaction

 

call this number 1-402-935-2050?

 

nope .
use skype and call this tollfree no +18882211161

 

I also requested them to reverse my withdrawal and got the following mail:

Dear XXXX

Thank you for taking the time to write to us with your concerns. I am
happy to assist you further.

Electronic transfers to your bank account usually take 5-7 business days
to process. Holidays and weekends are not recognized as business days
for most banking facilities, which may result in a delay in your banking
transactions.

The status of your withdrawal is 'Completed', which means it has
completed through the PayPal system. Please note:

* PayPal has no control over the length of time it takes your bank
to post their credits, and we do not receive confirmation when your
credit has been received by your bank
* Usually, if there is a problem with the transfer completing, it is
rejected back to PayPal and the funds are reversed back into the PayPal
account
* At this time, this transaction has not been rejected back to us.
Therefore, we suggest that you contact your bank and ask to speak with
someone who works with Electronic Funds Transfers. This Department
should be able to verify that your deposit was received.
* If you are unable to locate the deposit at your bank, and the
status of the transaction is still listed as completed, we can initiate
a trace on these funds once 14 business days have passed. In this case,
please contact us and our Customer Service will provide all the
information to initiate the trace procedure.

Thanks for your patience and collaboration.

Don't forget, we're always around if you need us. Just click "Help" in
the top right corner of any PayPal page to visit our improved Help
Center.

Sincerely,
Ronald John
PayPal, an eBay Company

 

It means, as usual, they are not ready to accept the fact that they are at fault.

 

guys I am shocked, paypal has reversed the transaction but they detected 11$ saying its because of the currency conversion, also they refunded 250INR but still I lost 11$ cant believe.

 

yes i have same problem??????????????? i withdrawn on 9th but still pending....no information about that...............

 

to all guys I have called and talked to higher authorities of paypal and they said that there is some problem with Indian regularities so they are making some important changes this is why the bank withdraws are stuck. They suggested to not cancel these payments but to wait for full 7 BANKING days and if you still didn't receive your money then they ll be able to open a dispute about it.

So the moral of the story is to wait for couple of days. I hope we ll be enjoying weekends.

 

money deposited on saturdays????? its weekend ....

 

I made a withdrawal on 9th April and have received funds today in my Bank Account. But haven't got funds transfered for the another withdrawal I made on 8th April in my another Bank Account. So doubt still prevails

 

yep same problem

 

7 days gone by still showing pending in paypal..God knows what will happen

 

cancel the transaction mate

 

Yea guys its better you cancel the transcation i did this via email its fast lets hope now the transcation is processed..

 

Hello,

Bohra as u mentioned its wise to cancel the transaction. CAn u tell me how much fee they deduct and if they reverse the fee back again or not..?

 

How long it take to get the refund?

 

how i cancel the transaction needs to call paypal??

 

I just did a withdrawal from Paypal to my local bank account in the Philippines. Based on PayPal, it will take 2-4 business days depending on my local bank's policies and holiday schedule. So, maybe it took a while because of the weekends.