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This excerpt taken from the EBAY 10-K filed Feb 17, 2010. Funds receivable and funds payable Funds receivable and payable relate primarily to our Payments segment and arise due to the time taken to clear transactions through external payment networks. When customers fund their account using their bank account or credit card, or withdraw money to their bank account or through a debit card transaction, there is a clearing period before the cash is received or settled, usually one to three business days for U.S. transactions, and generally up to five business days for international transactions. Hence, these funds are treated as a receivable or payable, as the case may be, until the cash is settled. These excerpts taken from the EBAY 10-K filed Feb 20, 2009. Funds
receivable and funds payable
Funds receivable and payable relate to our Payments segment and
arise due to the time taken to clear transactions through
external payment networks. When customers fund their account
using their bank account or credit card, or withdraw money to
their bank account or through a debit card transaction, there is
a clearing period before the cash is received or settled,
usually one to three business days for U.S. transactions,
and up to five business days for international transactions.
Hence, these funds are treated as a receivable or payable, as
the case may be, until the cash is settled.
Funds receivable and funds payable Funds receivable and payable relate to our Payments segment and arise due to the time taken to clear transactions through external payment networks. When customers fund their account using their bank account or credit card, or withdraw money to their bank account or through a debit card transaction, there is a clearing period before the cash is received or settled, usually one to three business days for U.S. transactions, and up to five business days for international transactions. Hence, these funds are treated as a receivable or payable, as the case may be, until the cash is settled. These excerpts taken from the EBAY 10-K filed Feb 29, 2008. Funds
receivable and funds payable
Funds receivable and payable relate to our Payments segment and
arise due to the time taken to clear transactions through
external payment networks. When customers fund their account
using their bank account or credit card, or withdraw money to
their bank account or through a debit card transaction, there is
a clearing period before the cash is received or settled by
PayPal, usually one to three business days for
U.S. transactions, and up to five business days for
international transactions. Hence, these funds are treated as a
receivable or payable, as the case may be, until the cash is
settled.
Funds receivable and funds payable Funds receivable and payable relate to our Payments segment and arise due to the time taken to clear transactions through external payment networks. When customers fund their account using their bank account or credit card, or withdraw money to their bank account or through a debit card transaction, there is a clearing period before the cash is received or settled by PayPal, usually one to three business days for U.S. transactions, and up to five business days for international transactions. Hence, these funds are treated as a receivable or payable, as the case may be, until the cash is settled. | EXCERPTS ON THIS PAGE:
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