Hey friends, PayPal is an American company and it operates an online money system. It was founded in 1998 and still working from that time. Also, its parent organization is eBay. In this article, I will tell you the method to cancel a PayPal transaction.
The users of PayPal are increasing day by day. Therefore I have written this article for you. First of all, you need to know what is PayPal? PayPal is like a digital money wallet. You can shop by PayPal as you do on Paytm. If you do online work on websites like freelancer, it will ask you for a PayPal account.
How to send money on PayPal?
PayPal is very user-friendly and it looks very easy to use. Before canceling a transaction you need to learn how to send money on PayPal. There is no need to add money first in the PayPal wallet before sending it to anyone after the 2019 update. Like Paytm you can do transactions directly through your bank account here.
If you have started an international business, you will have to do an online transaction. In India ICICI bank is good for international transactions. Go to that bank and create an account. After creating a bank account you have to add that account to your PayPal account. I am not like you can’t use another bank account. Independently you can use any nationalized bank account. I use an SBI account for it. But sometimes the card does not work properly. Therefore I am telling about ICICI. Now you can also link the only cards too.
In India there is a rule to send money – You can not send money by using PayPal in India to India. This means that you can not send money to anyone who lives in India. In India, PayPal uses for only international transactions.
Let get start step by step guide –
Step 1 – Login to your PayPal account
Step 2 – Click on the “Send and Request” option
Step 3 – Search the person by name, email address, or mobile number where you have to send money. After searching make sure is your selected id confirmed. Now click on the “Next” button
Step 4 – Add there the amount to send after that click on the “Continue” button
Once again confirm the name or email id or mobile number at the top. If you found something mistake in that click on the “Cancel” button.
Step 5 – Select any of the bank account or card you have added at the time of creating an account on PayPal and click on “Next” button.
Step 6 – Verify your id, receiver id, and the amount and click on the “Send Money Now” button.
After that, it will redirect you to the payment gateway to your bank and your bank will send you OTP on your number. Enter that OTP there and click on confirm OTP button. Now it will show you a success message.
Congratulations! You have done it successfully.
Note – In India, there is only international transactions are possible. You can not do India to India transactions.
How to cancel PayPal transaction?
You can’t cancel the payment if your payment status showing completed. It means the receiver has collected that money and the owner of that money is the receiver now. If you want that money return, you have to directly contact the receiver.
If you make a payment to anyone or any company, it has a status like “Completed”. You can cancel payment only when it will be showing an “unclaimed” status in your PayPal activity. Unclaimed status means the receiver hasn’t collected the money yet. In this condition, you can easily cancel a PayPal transaction. Let talk about the process to cancel PayPal fund transfer –
If you have made a payment to someone and it is showing pending status, you can see the cancel option there.
Step 1 – Go to the Activity page in your PayPal account.
Step 2 – On the Activity page, locate the payment which you have to cancel.
Step 3 – Click on the “Cancel” button in the Action column.
Step 4 – Now click on the “Cancel Payment” button.
Now it will show Cancel status. Remember, Your payment will automatically be canceled if it is on pending status for 30 days. It will return to your payment method from where you have done that payment.
Also read | How to cancel pending transaction in Google Pay?