Trying to switch?

[MamaMeg]

I've canceled my direct deposit and updated my deposit information to paypal. When I click 'cash out', it's still telling me I'll get my money on Jan. 20th....I thought PP was supposed to be quicker? Or, since I've waited until after the 5th of this month to switch, do I need to wait until next month to do a transfer so it'll make it into my paypal?  :-

[mwolfe]

I've canceled my direct deposit and updated my deposit information to paypal. When I click 'cash out', it's still telling me I'll get my money on Jan. 20th....I thought PP was supposed to be quicker? Or, since I've waited until after the 5th of this month to switch, do I need to wait until next month to do a transfer so it'll make it into my paypal?  :-

no matter what method you use, you will still be paid on the 20th. paypal is faster than a regular check, because it has to come in the mail. however, with paypal, you will have to wait for paypal to transfer the money to your bank account. this takes 3-5 business days usually.

[MamaMeg]

Ah! Thanks!! I'm still new to this and was so confused!!

[rebecca430]

I've canceled my direct deposit and updated my deposit information to paypal. When I click 'cash out', it's still telling me I'll get my money on Jan. 20th....I thought PP was supposed to be quicker? Or, since I've waited until after the 5th of this month to switch, do I need to wait until next month to do a transfer so it'll make it into my paypal?  :-

Cashouts are approved around the 20th of the month after your request. For example, if you request a cashout today (and your account passes verification), you can expect approval on or around January 20th.

Once your cashout is approved, you must allow additional transit time for your payment:

Checks are cut and mailed 1-2 business days after approval. Delivery is usually within 2-5 business days. Thus, you can expect to have the check in hand by the 30th of the month after you cashout.
 
Direct Deposit payments appear in your bank account as a line item credit within 1-5 business days of cashout approval, depending on your bank's policies. Thus, you can expect to see the credit post to your account by the 22nd-25th of the month after you cashout.
 
PayPalŪ payments are sent 1-3 days after approval. Thus, you can expect to have the money in your PayPal account by the 23rd of the month after you cashout.

Taken from:  http://www.fusioncash.net/cashout.php
I hope this helped! 
Becca

[MamaMeg]

I've canceled my direct deposit and updated my deposit information to paypal. When I click 'cash out', it's still telling me I'll get my money on Jan. 20th....I thought PP was supposed to be quicker? Or, since I've waited until after the 5th of this month to switch, do I need to wait until next month to do a transfer so it'll make it into my paypal?  :-

Cashouts are approved around the 20th of the month after your request. For example, if you request a cashout today (and your account passes verification), you can expect approval on or around January 20th.

Once your cashout is approved, you must allow additional transit time for your payment:

Checks are cut and mailed 1-2 business days after approval. Delivery is usually within 2-5 business days. Thus, you can expect to have the check in hand by the 30th of the month after you cashout.
 
Direct Deposit payments appear in your bank account as a line item credit within 1-5 business days of cashout approval, depending on your bank's policies. Thus, you can expect to see the credit post to your account by the 22nd-25th of the month after you cashout.
 
PayPalŪ payments are sent 1-3 days after approval. Thus, you can expect to have the money in your PayPal account by the 23rd of the month after you cashout.

Taken from:  http://www.fusioncash.net/cashout.php
I hope this helped! 
Becca

Thank you!

I had read the FAQ on it, I was still just so confused by the whole thing! 

[rebecca430]

I've canceled my direct deposit and updated my deposit information to paypal. When I click 'cash out', it's still telling me I'll get my money on Jan. 20th....I thought PP was supposed to be quicker? Or, since I've waited until after the 5th of this month to switch, do I need to wait until next month to do a transfer so it'll make it into my paypal?  :-

Cashouts are approved around the 20th of the month after your request. For example, if you request a cashout today (and your account passes verification), you can expect approval on or around January 20th.

Once your cashout is approved, you must allow additional transit time for your payment:

Checks are cut and mailed 1-2 business days after approval. Delivery is usually within 2-5 business days. Thus, you can expect to have the check in hand by the 30th of the month after you cashout.
 
Direct Deposit payments appear in your bank account as a line item credit within 1-5 business days of cashout approval, depending on your bank's policies. Thus, you can expect to see the credit post to your account by the 22nd-25th of the month after you cashout.
 
PayPalŪ payments are sent 1-3 days after approval. Thus, you can expect to have the money in your PayPal account by the 23rd of the month after you cashout.

Taken from:  http://www.fusioncash.net/cashout.php
I hope this helped! 
Becca

Thank you!

I had read the FAQ on it, I was still just so confused by the whole thing! 

You're welcome. 
If you need anything else, just let me know.
Becca