How Does A Refund To PayPal Work?

Is PayPal good about refunds?

When buyers pay with PayPal on any website, PayPal Purchase Protection covers them in case there is a problem.

If an item doesn’t arrive or is significantly not as described, we will help buyers get a full refund.

To qualify for PayPal Purchase Protection: Use PayPal to complete your payment..

Why can’t I see my PayPal refund in my bank account?

There are a few reasons why your refund might be pending, such as: The refund was sent to an email address that isn’t confirmed. PayPal payments can’t complete until the recipient’s email address is confirmed on their PayPal account. Banking delays are holding up the refund.

Why can’t I refund a PayPal payment?

You can refund a payment when its status is ‘Completed,’ ‘Pending,’ ‘Cleared,’ or ‘Uncleared. ‘ we’ll always attempt the refund using money from your PayPal account balance. If you don’t have enough money in your PayPal balance to cover the payment, we’ll try to use a confirmed bank account.

What happens when you get a refund to PayPal?

If you paid with PayPal balance, the money is refunded to your PayPal balance. After you have received the refund, you can withdraw money from your PayPal balance to your bank account or use the money for future purchases through PayPal. … The remaining amount is refunded to your PayPal account balance.

Can you cancel a PayPal payment?

You can usually cancel a PayPal payment that is in a pending or unclaimed status. … If the payment is completed, you won’t be able to cancel it. You’ll need to contact the recipient/seller and request a refund.

What is PayPal Buyer Protection fee?

Standard merchant fee: 2.9% + $0.30. Micropayment fee: 5% of the transaction.

How long do refunds take to process?

Once the merchant processes your refund, it’s up to your card company to post the credit to your account. This typically takes three to seven business days. These timeframes apply to simple refunds, in which you and the seller agree to a return.

How long does it take for a refund to PayPal?

Refunds to credit/debit cards usually takes 2-5 business days, however it can take up to 30 days depending on the card company involved. If you paid with PayPal balance, the money is refunded to your PayPal balance.

How do I transfer a PayPal refund to my bank account?

Re: How Do I Transfer a Refund To My Bank AccountLog in to your PayPal account.Click “Withdraw” near the top of the page.Select a withdrawal method, then follow the instructions.

Does PayPal refund money if hacked?

Once a scammer has hacked into somebody else’s PayPal account (as in the case of the phishing email scam), they can make purchases and send payments with the money from the account they have taken over. … PayPal may reimburse the seller if they are able to confirm that the account that made the payment was hacked.

Is PayPal refund instant?

Time taken to process a PayPal refund For payments taken from a bank account or PayPal balance, money will be refunded back into the customer’s PayPal balance. Typically, refunds will be completed within three to five days, but may appear instantly as ‘Pending’ in your customer’s PayPal account.

Why is my refund not in my account?

shows “Refund Sent”, the IRS has sent your tax refund to your financial institution for direct deposit. It can take 1 to 5 days for your financial institution to deposit funds into your account. If you don’t receive it in 1 to 5 days then you should contact your financial institution.

Do PayPal refunds go back to my bank account?

Bank account: your refund will initially go back to the PayPal balance before being auto swept back to the original funding source (bank). It may take up to 5 business days for the refund amount to appear on your bank account.

When you get a refund on PayPal where does it go?

If you paid with your bank, the money is refunded to your PayPal account and then automatically transferred to your bank account. If you paid using PayPal Credit, the amount is refunded to your PayPal Credit account. If you paid with a debit card, the amount is refunded to your debit card.

How do I claim a refund on PayPal?

You can request a refund of a completed payment by sending the seller an email. Ask the seller to go to the Transaction Details page for your transaction and click Issue a refund. You can request a refund up to 180 days after you pay for your item.