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News Commentary #228 — SimbWealth Clarifies Procedures for Unverified PayPal Accounts

Transactions Might Be Slow if your PayPal Account is Unverified. 

Here is a quick note from SimbWealth (reviewed here) on transactions with them using PayPal.  Basically, it says that, if your PayPal account is unverified, it can take up to five days for a transaction to be completed.  This will probably frustrate a number of investors.  However, there is absolutely nothing that SimbWealth can do to improve this as it’s a PayPal procedure.  The only solution is for the investor to get his PayPal account verified.

We would like to clear the grey clouds on unverified PAYPAL accounts. Our mutual agreement via PAYPAL Business, deposited funds coming from unconfirmed / unverified accounts will be delayed up to 5 days to verify the sender. As a matter of fact, during this pre-process we did not receive any funds to our wallet. And we cannot make the daily cashouts that you request. The cashout on Unconfirmed PayPal Accounts will be delayed up to 5 days. Our TOS will be updated accordingly.

Stay safe!

Sincerely,

SIMB Wealth Management Ltd.

For your information, SimbWealth is now the “senior” listing on the Emily News monitor.  They have been online for close to nine months and have been listed with us for most of this time.  The program continues to make slow steady progress and, if you’re interested in a long-term investment platform with a good track record, you might want to take another look at SimbWealth.

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