How to cancel a PayPal Transaction. You just realized you make the transfer to the wrong account right? Or suddenly you change your mind on the transaction you just made or properly you send an incomplete amount or to the wrong account number. These and many more reasons are why one may need to cancel a PayPal Transaction. Keep reading down to get more detailed information.
PayPal Transaction Cancelation
To cancel a Paypal transaction is not just what you do. It requires processes. If the address you’re sending the money to does not exist the transaction can be canceled and payment refund without any additional charges. But, if the recipient has not confirmed their PayPal email address, then you can cancel such transactions. Unfortunately, if the recipient has claimed payment, the only way to get back your money is to get in touch with the account holder and make a request for a refund.
How to know if a PayPal payment has been claimed?
It’s part of life’s experience. When this happens you just believe that the account should not belong to anyone. You can also check if the payment is there or not. PayPal account all unconfirmed payment always has options tag ‘Cancel’ within the action column of the transaction in view.
When to cancel a PayPal payment
If a transaction in PayPal is completed, you won’t be able to reverse or cancel the transaction. A PayPal payment can only be canceled if it is marked as ‘Pending or ‘Unclaimed’ on the transaction detail page.
Steps to Cancel a Pending or UnclaimedPayPal Payment
The steps to canceling a Pending or unclaimed PayPal payment is the same.
- Get to the official website of PayPal at https://www.paypal.com
- Log in to your account
- On the account dashboard, click on the name of the transaction you wish to reverse. On the next page
- At the top of the page, you will see ‘Payment Status’. If the word next shows ‘Completed’, then you won’t be able to cancel the transaction has the recipient has already received the money. But if the word shows “Pending” or “Unclaimed” then quickly click on the “Cancel” button
- You will be directed to a confirmation page. Click on the “Cancel Payment” button at the end of the screen. There will be a reversal of your PayPal Transaction immediately.
What Happens when your payment is not refunded?
When a PayPal Transaction cancelation is successfully the money will be a return to your account. If you made the payment using a PayPal account or bank account, the money will take 3-4 days to returned to your PayPal or bank account. But if you are using a debit or credit card, the money will drop in your card balance under 30 business working days.
What to do if you can’t cancel a PayPal Transaction
If the PayPal payment transaction is not possible. You will have to get in touch with the account recipient personally and make a demand for a refund. Just simply send an email. Using the email address link with their PayPal account. Or as a last resort, file a dispute through PayPal Resolution Center.