PENDING ECHECK INSTANT PURCHASE PAYMENT - Paypal should change the name of this as it contradicts what it states, how can something that is Pending be Instant? ebay and Paypal educate buyers, if i had $1 for every buyer who paid via Echeck that asked me why haven't i sent an item out its been 4 days etc since they sent payment, well i wouldn't be a millionaire but i would be able to enjoy a great holiday by now, not enough is done to make buyers aware!!

HERE IS WHAT PAYPAL PUTS IN THE EMAIL SENT TO THE BUYERS!

eCheck (when you get Paypal to take the money from your bank account) payments remain un-cleared until approved by the sender.s bank, which takes up to 5 business days. (Estimated completion date: xx xx 2008) You will receive an email notification when the funds have cleared into your PayPal balance. Please ensure your payment clears before shipping any items.
eChecks minimise the chance of a reversal of payment by drawing on the sender.s bank account, which only the sender should have access to. If the sender does not have sufficient funds in their bank account, you will not incur any fees from PayPal.

DON'T GO OFF THE ESIMATED COMPLETION DATES, FROM THE HUNDREDS I HAVE RECEIVED NOT 1 HAS CLEARED ON THE ESTIMATED COMPLETION DATE!

PAYPAL PAYMENTS WHAT YOU NEED TO KNOW?

ebay and paypal say paypal payments are also very quick, THIS IS TRUE ONLY IF YOU PAY USING YOUR CREDIT CARD or money that you already have in your paypal account! IF YOU GET PAYPAL TO TAKE MONEY OUT OF YOUR BANK ACCOUNT IT WILL TAKE 4-7 WORKING DAYS FOR THE PAYMENT TO CLEAR INTO THE SELLERS ACCOUNT, SO EXPECT TO WAIT AN EXTRA WEEK OR SO BEFORE THE SELLER GETS THE PAYMENT, ONCE THE SELLER GETS THE MONEY THEY CAN THEN SEND THE ITEM! WHY IT TAKES SOOOOOO LONG I DON'T KNOW, AS PAYMENTS MADE FROM BANK ACCOUNT TO ANOTHER BANK ACCOUNT CLEARS OVERNIGHT OR 48 HOURS MAX!!

HOW CAN I AVOID IT FROM TAKING A WEEK TO CLEAR?

well you will have to get yourself a credit card or you will have to pre-load your paypal account with funds, pre-loading usually takes anywhere from 3-5 working days to go into your account, though make sure its extra money or you have planned a week ahead and know what it is that you want to buy as the money will just sit in your Paypal account unless you withdraw it back into your account. SO, BEST OPTION IF PAYING BY PAYPAL USE YOUR CREDIT CARD!