Selling
2Owen
Contributor
Options
- Mark as New
- Bookmark
- Subscribe
- Mute
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Posted on
May-07-2017
09:48 AM
Selling items using PayPal, was wondering when I receive money and I send them the items, I then send the money to my bank account and it's pending and I know this can take up to 3 days but is there a chance the buyer can cancel the payment and it will stop the money pending to my bank account. Thanks
2 REPLIES 2
kernowlass
Esteemed Advisor
Options
- Mark as New
- Bookmark
- Subscribe
- Mute
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
May-07-2017
03:13 PM
A buyer can't cancel a completed payment BUT that can open a dispute for non receipt of item OR item received but not as described.
In that case even if you have withdrawn the funds to your bank account you may have to refund the buyer.
You really need to read up on seller protection in paypals user agreement so you can risk assess your transactions.
Advice is voluntary.
Kudos / Solution appreciated.
2Owen
Contributor
Options
- Mark as New
- Bookmark
- Subscribe
- Mute
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
May-08-2017
04:46 AM
So if the money is pending to my bank account and the buyer cancels a payment or tries to refund, will this affect the money going into my bank
Haven't Found your Answer?
It happens. Hit the "Login to Ask the community" button to create a question for the PayPal community.