What happens when an authorized payment is returned for insufficient or uncollected funds by my bank?
If a payment is funded through a funding source that is a bank account, and that bank account rejects the payment because of insufficient (NSF) or uncollected funds, PayPal at its discretion may attempt to resend or represent the entry up to two (2) additional times. If the payment transaction has failed for insufficient or uncollected funds, representment of a transaction may occur even if you have attempted to add funds to your PayPal account or if the recipient has initiated a return of the payment to your account.
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What is an unauthorized payment? Any payment made from a debit or credit card, bank account or PayPal account without the account owner’s permission is an unauthorized payment. ... When PayPal believes that a payment is unauthorized, we place a hold on it. Money can't be withdrawn until we determine if the payment is authorized. ... If the payment is unauthorized, the money is returned to the sender's account. ... Follow the steps on the screen to report an unauthorized transaction.Why was my payment denied, refunded, or unclaimed? If you paid with your credit card, the money will go back to your card. (It can take up to 30 days for the refund to appear on your card statement.) If you paid with your PayPal balance or bank account , the money will be returned to your PayPal balance.When a refund is sent, is all the money returned to the sender's account? How a refund is credited depends on how you made the original payment. If you paid using your PayPal balance or bank account, we credit the refund to your PayPal balance. ... If you paid using more than one payment, we credit the amount paid with a credit or debit to that card. We credit the rest of the refund amount to your PayPal balance.How do I confirm my email address? ... send or receive money . You will automatically return to the PayPal site where you will be asked to enter your password and the confirmation process will be complete. ... Once your email address is confirmed, you can accept payments and the money you receive will show in your PayPal balance. However, you’ll still need to link a bank account or card to your PayPal account before you can send payments . When you send a payment that is greater than your PayPal balance, the difference will come from the bank account or card you link.What is a chargeback? Received a damaged or defective item. ... Didn’t authorize a payment .My payment was denied, but the money has not been returned to me. Why? Money from a denied payment is returned to the appropriate funding source for that payment. If you used money from your PayPal balance to make the payment , the money is returned to your PayPal account. If you made the payment with a credit card, the money is returned to your card.When I make an eCheck payment, when will the money be debited from my bank account? PayPal sends the request to your bank as soon as you make the payment. Just like a regular check, it can take up to 5 business days for the payment to clear and the money to be deposited into the recipient’s PayPal account.How long will it take to withdraw money from my PayPal account to my bank account? Additionally, PayPal may charge a fee for withdrawals. To cover costs of returned bank withdrawals, PayPal may charge for returned transfers.What happens to the funds from a Denied payment when I use a credit card or debit card? One way to make sure that your payment is always accepted is to pay directly from your bank account. If you do online banking, you can usually link your bank account to your PayPal account in just a few minutes.Why does my withdrawal status show Complete but the money isn’t in my bank account? If the bank denies the transfer and returns the money to your PayPal account, you’ll be notified by email and charged a return fee.How do I send a payment by using PayPal? your payment and click Send Money If you have a balance in your PayPal account, the funds will be taken from your balance before debiting the remaining funds from your bank account , credit or debit card. If you don't have a PayPal account, you can still pay for purchases with PayPal using your credit or debit card if your seller offers PayPal at the checkout.Can I cancel a payment that I've already sent? How to withdraw funds to my bank account ? How do I cancel a payment or request a refund?Why is the payment I sent pending? What if I want to cancel it? under the pending payment. Click Cancel Payment withdraw the funds to your bank account .How do I receive money? As soon as you receive the payment, it goes into your PayPal balance. When you have a PayPal balance, you can either use those funds to send a payment or you can withdraw the funds to your bank account . Log in to your PayPal account and click Transfer to your bankWhat is a bank reversal? A bank reversal, sometimes known as an ACH Return , is when PayPal receives a request to return funds for a transaction that was funded by a bank account . A request for a bank reversal can come from the buyer who holds the bank account or the bank itself. Usually, such a request is the result of suspected unauthorized use of a bank account.Why should I link a bank account or a card to my PayPal account? • Unauthorized payments are rare. But if an unauthorized payment is somehow sent from your PayPal account, you’re covered. We’ll reimburse you (typically within 10 business days after you notify us of the unauthorized payment ) so you’ll have your money while we investigate the transaction.Refund or cancel payment If you paid with your bank or PayPal account balance, the money is refunded to your PayPal account. After you have received the refund, you can withdraw money from your PayPal balance to your bank account.How will my payments be funded? When you make a payment, the money is first taken from your PayPal balance. If your balance cannot cover the full amount of your payment , the rest of the money can come from PayPal Credit products, your linked bank account or your personal credit card. If you use an eCheck, the entire amount of the payment will be taken from your bank account while your PayPal account balance will remain for future use.What are my payment and funding options when I use my PayPal account? When you pay for something, the first thing we’ll do is check your PayPal balance to see if you have enough to cover the payment. If you have enough money in your balance, we’ll use your balance to make the payment. If you don’t have enough money in your balance, you can choose to pay with your bank account , debit card, or credit card.
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