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Paypal not transferring the money yet to my Bank account

Discussion in 'BlackHat Lounge' started by clposterboy, May 6, 2010.

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  1. clposterboy

    clposterboy Junior Member

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    I recently withdrawn some money from the Paypal to pay for my rent.
    However in the paypal menu its shown as Money already withdrawn,but in my BOA account there hasnt been any activity showing "Pending transaction" from paypal.
    Can someone help me out on what I need to be done.
    Can Paypal be trusted to keep all my money there?
    Is there any other alternatives?
     
  2. blowme007

    blowme007 Junior Member

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    If I understand you correctly, theres nothing to worry about. It will show "completed" in Paypals system before it hits your bank. It only means it is pulled from their account, and in transit to yours. It needs to go through the federal reserve, and should hit your bank 1 or 2 days after it says completed in Paypals system.
     
  3. clposterboy

    clposterboy Junior Member

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    If it goes through the Federal reserve will the IRS come to know about my transactions from to and fro paypal and my bank?
    Will they know about my paypal funds and will it create tax problems?
     
  4. blowme007

    blowme007 Junior Member

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    ummmm that I cant help you with. The only reason I know the other stuff, is cause I was in the same spot as you, and when I called PP bout it, thats what they told me.
     
  5. CashFlowGuy

    CashFlowGuy Regular Member

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    IRS and Federal Reserve already sounds like a mess of trouble.
     
  6. inumel

    inumel Senior Member

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    i have a BOA also just give it sometime its usually BOA system which is slow . Happens to me all the time bro
     
  7. csgcsg2

    csgcsg2 BANNED BANNED

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    anything that goes to your bank of course the tax, finance and government will know
    but since you just paying for the rent, i am assuming it is a low figure so they cant be bothered by it.

    unless of course you own a 20 storey building and wanting to pay rent for that month that is a different story altogether
     
  8. VCCexp

    VCCexp Newbie

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    when u did a bank transfer, there will be mention on the average length of time required to get money into ur account.

    If after that period the money is still not in ur account, call them up !
     
  9. hpv222

    hpv222 Power Member

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    I believe it takes two-three working days, so if you withdraw the money on Friday, you'll probably see them in your bank account on Tuesday.
     
  10. askerman

    askerman Registered Member

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    " paypall is a scam " :d
     
  11. 1962vl

    1962vl Junior Member

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    yes, it takes only 4 working days, though they say 5-7 days, i have withdrawn $10 on friday and i got it today afternoon.
     
  12. askHWH

    askHWH BANNED BANNED

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    why not give them a call ?
     
  13. shravandude

    shravandude Jr. VIP Jr. VIP Premium Member

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    Its better to call them and explain, they will surely sort out this problem.
     
  14. askHWH

    askHWH BANNED BANNED

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    so, have u gotten the money yet ?
     
  15. Spounki

    Spounki Newbie

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    I suggest you Etrade, you can do ACH transfer if that dont work with you bank
     
  16. Fireice

    Fireice Newbie

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    Until you make enough money to make IM your main income source you don't need to worry about taxes. Don't keep your money in Paypal account though, that's just asking for trouble.
     
  17. blowme007

    blowme007 Junior Member

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    do you people look at the date on a thread? this is over a month old. Im sure if OP didnt get the money, he woulda commented weeks ago.
     
  18. jleone2008

    jleone2008 Junior Member

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    You still have to worry about taxes. If you're making money with any network, they report taxes and you need to as well. That's why you were asked your SS# or tax forms when you signed up. It doesn't matter if you support yourself or not with IM.