Certain PayPal payments can be reversed

There are times that a PayPal payment is made in error. This offers a way of reversing the transactions, provided that the payee has not yet collected the funds.

https://www.businessinsider.com/how-to-cancel-paypal-payment

How to cancel a PayPal payment if the receiver has not yet claimed it

Steven John November 4, 2019

You can cancel a PayPal payment if the person on the other end hasn’t claimed it yet. 
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  • You can cancel a PayPal payment if the receiver of the money has not yet claimed it, and the process of stopping these payments is easy.
  • Many forms of PayPal payments are processed immediately and cannot be cancelled, requiring you to request a refund to recoup your money.
  • PayPal will automatically cancel any payment you make that goes unclaimed for 30 days, returning the money to your account.
  • Visit Business Insider’s homepage for more stories.

So you just sent a PayPal payment but realized the amount was wrong? Or you suddenly decided that any amount was wrong and you no longer wish to send that given party any money? You can cancel certain types of PayPal payments easily. 

On the other hand, some PayPal payments can’t be cancelled and your only recourse would be to ask for a refund or to dispute the charge with the company itself, if that’s warranted.

Assuming you have sent a payment that requires the receiver to actively claim it, you may be able to cancel that payment and keep your cash.

How to cancel a PayPal payment

1. Log into your PayPal account and click on the tab “Activity” at the top of the screen.

How to cancel PayPal payment
Not all PayPal payments can be cancelled. Those made to confirmed email addresses, for example, may transfer to the recipient immediately. 

2. Scroll down to locate the payment you want to cancel.

3. Click the word “Cancel.”

4. Click the “Cancel Payment” button to confirm.

How to cancel PayPal payment
Money may take several days to reappear in your account after a cancellation. 

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