PayPal is a popular online payment processor that allows individuals and businesses to send money or make payments using their bank account, debit/credit card, or even eChecks. These funds can then be used to pay for goods or services, transferred to another PayPal user, or withdrawn to one’s bank account (for an additional fee). PayPal also offers a variety of other business-focused features, such as invoicing, PayPal Working Capital loans, and PayPal Shipping.
How Long Does PayPal Take To Review Documents?
The answer to this question varies depending on the circumstances. For instance, if you are trying to verify your bank account, PayPal will need you to provide proof of identity, such as a driver’s license or government-issued ID, as well as verification of address, such as a utility bill or motor vehicle registration. The processing time for this type of request can take a few days or longer, depending on the requirements.
Similarly, if you are receiving a dispute from your buyers, it may take a while for PayPal to verify the details of their complaint and determine whether or not to reverse the transaction. For this reason, it is a good idea to keep all the necessary documentation ready, including evidence of the item shipped or sold, and any proof of purchase.
Finally, if you are having difficulty getting approved for a PayPal Working Capital loan, it is important to be patient and continue to submit the required documents. In some cases, PayPal will be able to process your application within a few days of submission.
