Paypal withdrawals still pending after 3 weeks

James Ryan Jonas

Paypal users in the Philippines rejoiced when Paypal started allowing the direct withdrawal of funds to bank accounts. However, those who initiated a withdrawal before this feature was offered have nothing to be happy about.

Some of them have reported that their withdrawal transactions are still pending after 3 weeks.

In the discussion thread Delayed Paypal withdrawal to EON account, MT_daw wrote:

I did the transaction last January 21, and … it is not yet added to my EON balance.

Jericho added:

My withdrawals (to my EON account) since January 21 is still on pending status as well. I called PayPal and they said it’s the bank’s responsibility to claim that the funds withdrawn has cleared. My theory – UnionBank takes a while to clear it because of the slight increase of the dollar.

donna168 complained as well:

Nag withdraw to credit card din ako last January 26 pero hanggang ngayon pending parin ang statu. Ilang araw na pending pa rin, I’m just wondering kung sa side ba ng Paypal o ng EON may problema.

RNHalawi also shared:

I have 3 pending withdrawals to my EON. Madami din akong kilala na pending pa din. My last successful withdrawal was on Jan. 22, but my 2 succeeding withdrawals pending pa din until now.

Some members initially claimed that the problem lies with UnionBank but there are increasing reports that more and more users worldwide are also experiencing delay in the processing of withdrawal transactions.

Also having delayed Paypal withdrawals? Tell us in the Delayed Paypal withdrawals discussion thread.

James Ryan Jonas teaches business management, investments, and entrepreneurship at the University of the Philippines (UP). He is also the Executive Director of UP Provident Fund Inc., managing and investing P3.2 Billion ($56.4 Million) worth of retirement funds on behalf of thousands of UP employees.