Cancelled money I sent via Email and bank account was still debited for the amount!!!

[mybookroom]

I sent my son a birthday present of money via Paypal. Unfortuntately I sent it to his wrong email (He has an email that is associated with Paypal).  I Cancelled the sent money yesterday Aug 2- and my son did not get this money (since I cancelled it).

I then resent the money to the correct email (this my son did receive).

Result: I have now two debits for $300 on my bank account.  You can imagine this does not help me.  I checked and the cancelled money sent is listed as REFUND.  But I am still out the money.  

1. Since first $300 sendmoney request was  cancelled immediately and my son did not receive the money, why was my bank account debited for $300.

2. How long will it take for the "refund" to show up in my bank.  Would be nice if it showed up as fast as they took it.  sigh.

[kernowlass · Accepted solution]

@mybookroom

When you pay someone (normally a seller) it is never instant > paypal credit them for you and then start the process of uploading your funds to paypal from your funding source.

So when you cancel that payment those funds can't do a u-turn > they have to process through to paypal who will then either return them to your funding source (if you paid with a debit or credit card), or credit your paypal balance (if it was funded from your balance or instant bank transfer), but that takes a few days and sometimes up to a week.