Faster withdrawals with PayID
closed
M
Manoranjan Acharya
Similar to the recently added feature to deposit cash faster by sending payments to Pearler's PayID, I would like to request for an enhancement to allow the users to provide their personal PayIDs linked to their bank accounts for faster withdrawals as well. Currently the process of withdrawals from Pearler takes 2 business days, which is really slow in my honest opinion and it should be done instantaneously.
Hayden Smith
marked this post as
closed
Hi everyone, after a few years of review on this one we're going to close this request out. We've managed to get 99%+ of withdrawals down to 1 business day (often within 12 hours), but real time investments carry a level of risk that would mean we can't do certain fraudulent and cybersecurity checks that we do to keep our customer's funds safe. Whilst not ideal to not have it instead, having nearly all customer's funds sent overnight (if they make the withdraw request cut-off) is what we're comfortable with in the medium term. Thanks for your understanding!
Pasqual Carstens
Merged in a post:
Suggestion for Implementing a Quick Withdrawal Feature like PayID
C
Chia-Hsun Hu
Are there any plans to provide a quick withdrawal feature like PayID? Currently, I’ve noticed that only PayID deposits are supported, and withdrawals to personal bank account take an additional two days or more. It would be great if the process could be quicker and more convenient.
Pasqual Carstens
Merged in a post:
Pay id withdrawls
N
Nathan Bloor
Pay id withdrawls
Hayden Smith
Merged in a post:
Faster Sell & Withdrawal transaction times
B
Belinda Smith
Have sold some of my Mirco investments to which seems to take 2-3 days just for the sell to happen and then another 2-3 days for withdrawal to happen. Waiting over a week for the funds to come into my account sucks!
R Vermeulen
Related to this, i sold shares on 24/02, the money became available on 27/2 (3 days) and i submitted transfer request that day and still waiting (4/3 - 5 days and counting) to receive the money. So the wholes process takes way to long (8 days and counting). The same process at my other provider takes max 2 days. I'm pearler can do better than this?
J
Jackmorg
Interested
N
Net Zero
interested....7 months?
Anthony Burke
Hayden Smith still interested
Hayden Smith
marked this post as
under review
Hi everyone. I am putting this under review. We can do instant withdrawals, however, please note:
- There would likely be a daily cap on instant withdrawals - tbh, but call it $1k-$10k.
- Instant withdrawals would be disabled for accounts that are considered risky (this includes accounts that have had a bank account change, or accounts that have had direct debits into it where we haven't verified the source account through a payid payment and/or open banking connection).
If, given those constraints, this still interests you, please post and reply saying that you're still interested. We will use that information to make a decision over the next month or two. If there isn't much demand we will mark this as not for short term.
C
Cameron McCay
Hayden Smith: still interested
Cameron McGrath
Hayden Smith: Interested
M
Manoranjan Acharya
Hayden Smith: The constraints sound reasonable and justified. I'm still interested in having the instant withdrawal feature. Thanks for considering.
HN
Hayden Smith: still interested
James Jackson
Hayden Smith: keen as for this
Cameron McGrath
Hayden Smith: interested
G
Giorgio Marinelli
Interested
Anton K
Hayden, I'm still interested.
D
DC
Interested still