Yours is not a high value transaction so it should have cleared immidiately.
Low value transactions below Rs.2,000 paid through Paisapay via Credit Card get paid immidiately.
But sometimes Paisapay transactions via Bank transfer takes a couple of days.
These days ebay is taking extra precautions and you never know even a Rs.100 worth of transaction may get a bit delayed.
It for the benefit of the Community.
http://stores.ebay.in/IndConcepts
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best regards
Umang Midha