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How long do echecks take to get cleared?

Discussion in 'Payment Processing' started by Nora, Nov 28, 2007.

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  1. #1
    Tried searching Paypal help but couldn't find any information about how long it takes for Echecks to get cleared. Its the first time for me to buy using Echeck and they already took the money off my bank account.. how long does it usually take to clear? Sorry if the question is repeated but I'm really clueless. :)
     
    Nora, Nov 28, 2007 IP
  2. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #2
    It depends. Sometimes it'll take around 3-4 business days and sometimes it'll take 8-9 business days too.
     
    deluxdon, Nov 28, 2007 IP
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  3. Nora

    Nora Well-Known Member

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    #3
    Thanks :)

    Was just checking my pp account again and there's written 'Completed' beside 'Bank account transfer'. Does this mean that the Echeck is cleared? (sorry for the dumb questions, I'm a n00b when it comes to this)
     
    Nora, Nov 28, 2007 IP
  4. Nora

    Nora Well-Known Member

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    #4
    I have another question related to this.. is there a way to see whether your echeck is cleared in your paypal account? I looked around but I couldn't find it anywhere..
     
    Nora, Nov 28, 2007 IP
  5. deluxdon

    deluxdon Catch Me If You Can...!!!™ Staff

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    #5
    You will get notification to your registered email with paypal. Like this ' Notification of a Cleared eCheck Payment'.
     
    deluxdon, Nov 28, 2007 IP
  6. Nora

    Nora Well-Known Member

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    #6
    Thanks again, I really appreciate the info :)
     
    Nora, Nov 28, 2007 IP
  7. izeaus

    izeaus Banned

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    #7
    Just wait for 7-8 days.. It would be cleared
     
    izeaus, Nov 29, 2007 IP
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  8. Nora

    Nora Well-Known Member

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    #8
    Sorry to bump this thread but I have another question.

    Turns out I did use an Echeck twice before (had no clue because I got what I paid for immediately)
    anyways, one of them is listed as 'Cleared' instead of 'Complete' so I guess that means the money was taken off my bank account and everything is fine. Anyways, looking back at my history in Paypal, I sent an Echeck about 3 weeks ago and its still listed as 'Complete' instead of 'Cleared' even though the money was taken off my bank account almost instantly. Is it normal for Paypal not to say that payments are cleared if they're paid with both the funds in your account and bank?
     
    Nora, Dec 2, 2007 IP
  9. filemp3

    filemp3 Peon

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    #9
    in my country can clear for 1.5 month :)
    but if you in usa is same day :D
     
    filemp3, Dec 3, 2007 IP
  10. Doctorlove

    Doctorlove Well-Known Member

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    #10
    I have received a few echecks for ads payments on my money making forum a few times. It takes about 7-8 days for each such check to cash and paypal to then deposit the money into my account.

    if you look closer at these transactions repports, it does say when they estimate to release the payment into your pp account.

    Regards
    DL
     
    Doctorlove, Dec 3, 2007 IP