Does PayPal Refund Money if Scammed?įortunately, you can get your money back through Has verified that the money will be received. The money will be sent to the seller’s bank account after the seller As PayPal is often used as a channel for fraudulent activities and has a history of not being able to identify fraudulent activity, PayPal is often accused of taking advantage financially of its users. If your refund is pending it is because there wasn’t enough money to issue a refund, the money is being transferred from the seller’s bank account.įurthermore there is an issue with PayPal itself. The buyer may still be subject to other fees, like those to obtain a loan or deposit a cashier’s check. Are there any Fees for a PayPal Refund?Īnd when a seller receives a refund, the money is returned to the buyer. This is because the payment gateway provider of the payment method you are returning the money to has to process the refund but the money is already with us.Īs well, if you paid with your bank account and the money is sent to your PayPal balance and you then transfer that money back to your bank account, it could take 3-5 business days. The processing time for a refund will take a few minutes to process but this should be done in about two minutes. The processing time for a refund depends on which payment option the money was returning to. So, for example, if you paid a transaction of $10.00 from your bank account and $5.00 from a credit card, the transaction will be returned all of the $5.00 it came from. If your PayPal balance is $12 and you want to send $3 to someone, PayPal will then convert the dollar amount to a currency rate of $3, convert that amount into the currency of your bank account, and then send the money to your bank account.
The next part of the message will be the reason why you cannot receive your payment. The exception is that if you paid with your bank account, the money will be returned to your balance in your PayPal account. This means that your PayPal balance will be credited back to your account and the amount will be sent to the seller. You will go back to the place where you originally placed the payment, so if you put it on a credit card or debit card, you will return to the place that you originally put the payment. If you order the product or service directly from the company through the merchant, then your request for a refund should be addressed to the company by using the contact information detailed on the receipt.Īlthough, if somebody takes the money and doesn’t deliver you may be less likely to get your money back. If you order the product or service through a reseller or merchant, you can request a refund from that reseller or merchant by contacting them directly. The problem is that the seller has to do this, which increases the time it takes for you to refund and creates additional friction in the marketplace, in addition to potentially exposing the seller to fraud.Īdditionally, if you make the payment after 180 days and then try to request a refund, the seller can cancel your payment even after it was made. It’s like PayPal is doing the same thing to itself. Then the seller is refunding PayPal’s own refund to you, the original buyer. You’ll either have to go through the seller directly, or the seller can go to Paypal’s cancellation portal, which will then process the refund and inform you if and when it is completed. PayPal has a great process for requesting refunds. So if PayPal did in fact send you a refund notice you probably need to check your statement to find out what your refunded amount is. Refunds allow you to get your money back if you aren’t fully satisfied or there is an issue with the item or service. Refunds are a great way to see if you are fully satisfied with the items you have purchased or the services your have received.
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