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I purchased an item today and no more than 4 minutes after the purchase, I cancelled it. i received a message from the seller that it couldn't be cancelled as it had already been shipped. Really? Shipped in 4 minutes. I checked my email correspondence from the seller and the shipping message was after the cancellation indicating that the item had not been shipped before cancellation? Recourse?
You can cancel a transaction with the seller and then can issue you with a refund but you can't cancel a completed paypal payment.
You can open a paypal dispute for non receipt of item (if you don't get it) or item received but not as described (if it arrives and that is the case), you can't open a dispute for 'changed my mind' that would be between you and the seller.