Sellers can automatically remove money from your account, but when it comes to refunding funds or even transferring funds from a service such as PayPal take 5 or more days?
In: 2
It’s a lot easier to block money than to make money available, and the American banking system is especially slow.
When you’re paying, your account is charged immediately, but the seller isn’t credited immediately, it takes a bit for the money to make it through. The same process goes backwards when refunding, where the seller is charged immediately but it takes a bit showing up on your account.
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