PayPal Holdings, Inc. Money Transfers Complaint

PayPal Holdings, Inc. Money transfers department,

Domestic (US) money transfer Other transaction issues New Mexico

Sold a car. Buyer deposited - into my Paypal account then on delivery and acceptance deposited $9500.00 on Sunday - -, 2016. On Monday at - ; - -. I transfered the total, $9900.00 to my bank account. Three days and six hours later nothing is transfered. My bank says " as soon as we have your transfer we will put it in your account normally - to five days '' I asked why - five days and my bank says they do n't know. Pay pal says the have sent the fund to the Federal Reserve where it will be processed and sent on to my bank normally - to 5 days. I asked why - to 5 days and Paypal says the do n't know probably a Federal Reserve policy. I ask why - to 5 days when - - can do it in - to 4 hours? I suggest that I should have suggested a - Bus as it would be faster than - to 5 days. Federal Reserve that they receive a " file '' of transfers from Paypal with instructions for the Federal Reserve to not release the funds for two days. Questions. Is Paypal making very short term loans like the overnight bank loans with my money? Why the two days at the Fed? The Fed says they process the transfers four times a day seven days a week. that is Paypal doing with the other two days?