Paypal Settlement Consolidation on USD account

JbCloud
JbCloud Registered Posts: 1
in Bookkeeping
Hi
Has anyone seen a Paypal settlement consolidation before? It is showing as:
1. Funds being held
2. Funds being released
3. Funds being "withdrawn" to a consolidation account

I can't see these transfers anywhere in any bank accounts and wondered if anyone had come across these before?

Comments

  • Fackither68
    Fackither68 Registered Posts: 7 New contributor 🐸
    edited August 22
    It sounds like you're dealing with a confusing situation. PayPal sometimes holds funds for various reasons, like security checks or disputes, and then releases them. The "consolidation account" might be an internal PayPal process where they temporarily hold or group transactions before transferring them to your bank account. However, if you’re not seeing these transfers in your bank accounts, it’s worth reaching out to PayPal support for clarification.

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