Credit card hold release time

[Donbeebe28]

Good morning;

I sent a PayPal payment off my linked CC to a business partner, but unfortunately it was to his worng email address.  I got the error text, and cancleed the payment which shows as successful in my activity log.  I tried to make the payment to the correct address but it failed as the first one had but a holdfor the funds on my CC immediately upon sending.  How long does it take for these funds to be released bcak to my CC?

Thanks very much 🙂

[kernowlass]

@Donbeebe28

Gosh you were lucky, if that mis-spelled email address was valid to another person you 'may' have lost your money !!

Luckily you could cancel, so when you cancel a 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.