Quick Answer: Can PayPal Refund Money?

How long do refunds from PayPal take?

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..

Why is PayPal charging me a fee?

PayPal does have fees in some cases, but they’re pretty easy to avoid as long as you’re making basic transactions within the US. Fees are usually associated with using a credit or debit card to fund payments, sending money abroad, or using PayPal as a payment processor if you’re a vendor.

Can you get your money back from PayPal if you get scammed?

If you purchased something and haven’t received it, it’s not as described, or you feel the payment is unauthorized, you can file a case in our Resolution Center to start the process of getting your money back. … If the payment is completed, please ask about their return policy, or request a refund.

Why does PayPal refund take so long?

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.

Is money in PayPal insured?

PayPal is not a bank and it is not insured by the FDIC. FDIC insurance does not protect you against the risk of PayPal’s insolvency.

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.

Can PayPal take money from my bank account?

No they can’t ever touch or take money from your bank account without authorisation and yes if you sell and money comes into your account they will keep that to pay off your neg balance.

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.

Who pays PayPal fees buyer or seller?

When completing a transaction through PayPal, the seller must pay a PayPal fee. The buyer isn’t forced to pay any fee. The fee the seller pays is calculated for each transaction and is represented as a percentage of the total transaction plus 30 cents.

How do I avoid PayPal fees?

How to Avoid PayPal FeesOpt to Be Paid Less Often. … Change How You Withdraw Your Money From PayPal. … Use Accounting Software to Lower PayPal Fees. … Ask to Be Paid as a Friend or Family. … Factor PayPal Fees into Your Payment Equation. … Accept Other Forms of Payment. … Use a PayPal Alternative. … Include PayPal Fees as a Tax Deduction.

How can I get my money back from PayPal?

Here’s how to refund a payment:Click the Activity tab at the top of the page.Click All Transactions.Select the payment you want to refund.Click Issue a refund.Under “Total Refund Amount,” enter the amount you want to refund. You may have the option to refund a partial amount of the payment.Click Issue Refund.

What happens when you get a refund on PayPal?

You can spend the money in your balance or withdraw money from your PayPal balance to your bank account. The amount you paid with your card is refunded to your card, and the remaining amount is sent to your PayPal balance. If the refund can’t be applied to your debit card, it will be sent to your PayPal balance.

What is PayPal Buyer Protection fee?

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

What happens if someone hacked my PayPal account?

Re: Someone hacked my account? If PayPal finds it was a hack you should get your money back. But, if PayPal finds the access was actually through your internet access or that you left your Facebook account insecure, then you would be out the money.