Home  >  Community  >  The eBay Outlook  >  Paypal System Failure 7/16 Limbo


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 thepriest
 
posted on July 20, 2004 03:40:48 PM new
Hi.. a recent post of powersellers board indicates there was a failure at Paypal beginning July 14-16...withdrawals are still pending for many sellers since then...meaning...not deposited in accounts...
We've experienced it...anyone else?
 
 meadowlark
 
posted on July 20, 2004 04:24:08 PM new
No, but what a great way for Paypal to collect the interest on millions of dollars for a few days!
 
 bluroks
 
posted on July 20, 2004 04:50:29 PM new
Yeah happened to us. All of our 14th and up are pending. But one on the 17th just cleared a few minutes ago. Great! Another problem first ebay now paypal.

Maybe head back to the flea market and set up!
 
 bluroks
 
posted on July 20, 2004 04:59:24 PM new
This is right off the paypal board on ebay:


Hi All,

Recently, PayPal has received some reports of bank transfers not completing within the usual time frame. It appears that bank transfers that were initiated between July 15th - July 18th may be experiencing this delay. Currently, the PayPal Finance Department is researching the issue and is actively working on resolving it. I found out that the resolution is expected within the next 24-48 hours.

I apologize for any confusion or inconvenience that this delay may have caused and will let you know as I learn more about this topic.

Regards,

Todd
 
 iareateacher
 
posted on July 20, 2004 05:30:55 PM new
And yet somehow I suspect PayPal was *accepting* money into their system just as promptly as ever.

Do not ever forget that this is a non-regulated entity. It is not a bank.

--

 
 thepriest
 
posted on July 21, 2004 02:49:35 AM new
Hi...it seems some of the transfers are shaking loose...or, at least it is now reading 'completed' instead of 'pending' for the 15th & 16th.
 
 thepriest
 
posted on July 21, 2004 02:51:00 AM new
Hi...here's a thread with more complete info...
http://forums.ebay.com/db2/thread.jsp?forum=97&thread=410214421&modified=1090334724063
 
 
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