PayPal Cancellation Information

About PayPal
PayPal business and personal accounts allow you to shop online without revealing your personal banking account information. It also works as a money-wiring service that you can use to send or receive money from individuals as long as you have their PayPal account user information, which is the e-mail address they have attached to their PayPal account. PayPal is the preferred source of payment on eBay, the internet's largest online bidding website.
How Transactions Work
Transactions are usually immediate, with funds being able to be withdrawn to the recipient's account moments after sending them. The user can also request a check to be mailed for the amount to their home address. This usually takes three to four days. Additionally, the money can be left in the PayPal account and be used to purchase other goods or services. However, it is not necessary to have money in the account, as PayPal will deduct the amount of money from the linked financial account upon purchase.
Cancelling a Sent Payment
PayPal payments that have already been sent can only be canceled if they are unclaimed. Unclaimed payments can be canceled for a variety of reasons, including if payment is sent to an e-mail address that is not linked to a PayPal account or if the recipient had an unconfirmed e-mail address. PayPal can only send payments to confirmed e-mail addresses. E-mail addresses are confirmed automatically when you sign up for PayPal.Canceling an unclaimed payment is simple. To do so, login to your PayPal account by accessing www.paypal.com. You will need the e-mail address and chosen password that you signed up with to login. Click 'Sign In.' Then, click the 'My Account' button. Click the 'History' button, then click 'Cancel' in the order status column next to the transaction you'd like to discontinue. This will bring you to a screen to confirm your cancellation. Click 'Cancel Payment.' Your payment will be refunded to your account.If there is no 'Cancel' option, this means that the payment has been claimed. You must contact the person to whom you sent the payment to have them refund it to you.
Cancelling a Received Payment
Canceling a payment that you have received is as easy as refunding the payer. Any payment can be refunded within 60 days after the payment was sent on PayPal. You can issue either a full refund or a partial refund, depending on what you and the payer have agreed upon.To do this, login to your PayPal account by accessing www.paypal.com. You will need the e-mail address and chosen password that you signed up with to login. Click 'Sign In.' Then, click the 'My Account' button. Click the 'History' button, then find the payment you'd like to refund and click the 'Details' button next to it. Click 'Issue Refund,' and enter the refund amount you'd like to send, then click on 'Continue.' This will bring you to a screen that will allow you to confirm your refund amount. Now, click 'Issue Refund.'
Canceling your PayPal account
Canceling a PayPal account can be done with a few simple steps through www.paypal.com. Before canceling your account, be sure to withdrawal any funds that you have in the account to the bank accounts linked to it. Also, you may want to be sure that you do not have any pending payments that could come through to the PayPal account that you wish to close. Once the account is closed, the payments will be bounced back to the user who sent them to you.To cancel your PayPal account, log in to your PayPal account by accessing www.paypal.com. You will need the e-mail address and chosen password that you signed up with to login. Click 'Sign In.' Click 'Profile' at the top of the homepage, then click 'Close Account' under the Account Information. This will lead you through a series of steps to successfully close your PayPal account.