This was new to me, but paypal does what they call echeck. It allows people to pay for items without having a debit/credit card. I recently sold a cell phone on ebay, it was paid for with an echeck and took 9 days to clear before the funds were in my paypal account. So basically I paid paypal 3% for something I could have done myself.I could have had the guy send me a check and it would have cleared faster.
You can block the echeck payment by going to payment preferences on your pp homepage.
You can block the echeck payment by going to payment preferences on your pp homepage.