unclaimed payment seller fee
- Mark as New
- Bookmark
- Subscribe
- Mute
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Occasionally we (as a seller) get paypal payments from a customer whose order we can't fullfill. So we have to refund the paypal payment and lose the paypal fee in the process.
I see there is an option to manually claim each incoming payment. If we don't claim the payment from a customer whose order we can't fullfill, my understanding is that Paypal will return the money to the customer in 30 days or the customer can cancel the payment. What about the seller? Does the seller still have to pay for the paypal transaction fee? Thanks
- Labels:
-
Receiving Money
-
Transaction Fees
- Mark as New
- Bookmark
- Subscribe
- Mute
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
If you didn't claim or capture the order then the payment would return to the buyer at 30 days with no fee to the seller.
However they would not be able to cancel it to get the funds back to them sooner as you can only cancel a payment that has gone to a non existent email address and so would never complete. That is unless the seller can void the payment earlier.
Advice is voluntary.
Kudos / Solution appreciated.
Haven't Found your Answer?
It happens. Hit the "Login to Ask the community" button to create a question for the PayPal community.
- PayPal check money from my bank account to Poshmark , but I didn’t place an order in Transactions
- double payments one that isn't on any transaction history in Security and Fraud
- PayPal reversed a fraud refund because I contacted my bank about a separate fraud attempt in Security and Fraud
- Unclaimed payments automatically cancelled during account creation in Managing Account
- Was charged excessive tax on top of purchase cost that was not included on seller's invoice in Transactions