Don’t use paypal to transfer money to the states

or at least not if you want it quickly. Only after I started the transfer off from the UK did I find out that it was going to take 7-10 working days for the money to arrive in my US paypal account. Then in order to transfer the money into the US bank account it is going to take another 3-4 working days. I’m sure they don’t publicise the fact that it could take 2 weeks for money to get transferred when you sign up for paypal.
The weird thing is that when I took some money out of an ATM in the mall the other day I didn’t get charged a disloyalty fee from the issuing bank as the card was not an american card. I got the money instantly (as you’d hope from an ATM!) at an exchange rate of 1.77 though.
To transfer $500 via an atm would cost 281.92 pounds and I’d get it the following day (as there is a limit you can withdraw). Via paypal it cost 270.21 pounds but takes 12 days (and thats just to reach my US account)
The alternative is to do things “properly” and use a bank transfer which is a flat rate of 10 pounds but can take 10 days.