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I have a refund being held in Pending. The email associated with it said the funds would be available on 9th August. My bank paid the original funds to PayPal on the 2nd August. Therefore why am I still waiting for the amount to be released?
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Pending refunds can only happen for two reasons.
1. The seller has issued a refund from their bank account which takes time to process.
2. You funded the payment to the seller using bank transfer. What PayPal do here is credit the recipient on your behalf (so there is no delay in despatching your item). Then if you receive a refund in the meantime they are unable to issue this until the original bank transfer completes.
The date given is an estimate dependent on the banks processing times + its the weekend so it will probably clear on Monday.
https://www.paypal.com/us/selfhelp/article/i-want-a-refund.-how-do-refunds-work-faq3248
https://www.paypal.com/gb/selfhelp/article/i-paid-by-instant-bank-transfer,-so-why-is-my-refund-on-h...
Advice is voluntary.
Kudos / Solution appreciated.
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Pending refunds can only happen for two reasons.
1. The seller has issued a refund from their bank account which takes time to process.
2. You funded the payment to the seller using bank transfer. What PayPal do here is credit the recipient on your behalf (so there is no delay in despatching your item). Then if you receive a refund in the meantime they are unable to issue this until the original bank transfer completes.
The date given is an estimate dependent on the banks processing times + its the weekend so it will probably clear on Monday.
https://www.paypal.com/us/selfhelp/article/i-want-a-refund.-how-do-refunds-work-faq3248
https://www.paypal.com/gb/selfhelp/article/i-paid-by-instant-bank-transfer,-so-why-is-my-refund-on-h...
Advice is voluntary.
Kudos / Solution appreciated.
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