How long does it take paypal to refund a cancelled payment

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Credit or debit card
Bank account
PayPal balance
Do PayPal refunds go back immediately?
What happens when a PayPal payment is Cancelled?

Credit or debit card

If you paid with a credit or debit card, PayPal would return the money to the card account. The card provider may take up to 48 hours to claim the funds and take up to 30 days to apply the credit to your card account. The 48-hour and 30-day durations are upper limits, so you will likely get your money back much sooner, but not instantly.

Bank account

If you’ve used your bank account to make the payment through PayPal, the money will be available in your PayPal balance in three to five business days. PayPal will automatically transfer the funds to your bank account. If the automatic transfer doesn’t happen, you can use it as a PayPal balance or move it yourself.

PayPal balance

This is the fastest option. If you paid using your PayPal balance, you would get the funds when PayPal issues the refund.

Read more: How to cancel a payment on PayPal

FAQs

The timeline stays the same as mentioned above. The part of the payment made with your PayPal balance will be available the same day. It could take up to 30 days for the rest to reflect in your credit card account.

On the PayPal app, tap on the $ icon and tap on Activity. On the website, click on the Activity tab. Click on Filters and select Refunds. You will see the status of your refund in this section.

You will see different options when you check your refund status on PayPal.

Pending: The bank or card provider is still processing the refund.
Refunded or partially refunded: PayPal and the bank or card provider have completed the refund process. You should see the money in your PayPal balance or card account.
Temporary hold: This means that a transaction refund process started before the initial payment cleared the bank, usually when you cancel a payment. The bank will take three to five business days to clear the payment before issuing the refund.

PayPal has different safeguards in place if you get scammed or see unauthorized transactions. There is a 180-day refund policy, Purchase Protection to help with disputed charges, and Chargebacks if your debit or credit card has been charged.

Do PayPal refunds go back immediately?

PayPal can process refunds the same day they are issued, depending on the original payment method. Because PayPal sends refunds back through the same payment method used for the original transaction, it can take different amounts of time for the funds to show up. PayPal account balance: same day.

What happens when a PayPal payment is Cancelled?

If an order paid via Paypal is canceled, you will see your refund in your PayPal account within one business day. If your funding source via PayPal is a credit card, please keep in mind that the refunded amount is most likely returned to your PayPal account balance and not to your credit card balance.