How to cancel a paypal transaction?
A PAYPAL USER can cancel his payment if the payment is in pending state or unclaimed status in the paypal PORTAL.
Many a times payments are processed faster and you wont be left with the option of cancelling the payment. Demanding for refund might be the other alternate way to get back money in such cases .
Paypal normally cancels the payment within 30 days of payment not being claimed by the seller/merchant/receiver.,thus returning the money back to your account .
So in case you have second thoughts about the payment you just made or sent or you think the wrong amount has been paid,here are the simple steps which can be taken to ensure that you get back your MONEY.
You can normally cancel a PayPal payment only when it is in pending or unclaimed status. Such payments will have a status of “Unclaimed” and will reflect in the “Pending” section of your PayPal account.
This does not apply to an order a customer would like to cancel. Please reach out to the merchant to discuss options for a cancellation and request a PAYPAL refund.
If the payment is completed, a paypal user won’t be able to cancel it. You’ll need to DIRECTLY contact the recipient/seller and request for your refund..
How to cancel paypal payment?
If the recipient/seller does not agree to refund your money, you are alllowed to open a dispute in the Resolution Center.You can communicate directly with the recipient/seller to resolve any issues using Paypal platform.
Here are the few steps to cancel a pending Paypal payment.
Please follow these simple steps in order to cancel the payment.
On the Summary page, Please locate the pending payment
Click on Cancel under the pending payment.
A paypal user can only cancel a pending payment which has has a “Cancel” link next to it. If the payment you sent is pending for 30 days, it will be cancelled automatically and refunded to you. If you sent the payment using a debit or credit card, the refund will be credited to the SAME card you used. It may take up to 30 days for the card to be credited.
If a bank account was used to send payment then the payments will be automatically cancelled and and refunded to PAYPAL Balance.
If the payment has not cleared your bank so far, paypal normally takes around 3-4 business days for the money to appear in your balance. Once the payment is in your balance you can take back or withdraw the funds to your bank account.