How Do I Get My Money Back From PayPal?

A refund of money paid for either goods or services is usually made when transactions do not go well or according to plan. Ordinarily, such processes ought to be simple and fast, but sometimes getting a refund can be very devastating and might even culminate in a customer losing his/her money entirely.

How does one guard against this colossal loss and what modalities should be adopted to prevent this from happening? These are some of the questions this post aims to answer, to ensure that you can get your money back after payment, provided the whole transaction has not exceeded a certain stipulated period beyond which any refund may be difficult or downright impossible.

To regale us on these refund procedures, for maximum benefit and ease of the entire process, we shall take the issue on in a methodical approach that should be easily understandable to all.

  The first scenario where a customer may want a refund is when the customer pays for an item or article and the payment for the said item remains pending, even after when it has taken long enough to be processed.

In this case, the customer can initiate the refund process by canceling the activity on his or her activity page, if the button for cancellation of such transaction is seen.

In these kinds of situations, though sadly not in all cases, the money can luckily be refunded automatically, if it is not claimed by the seller after thirty(30) days. However, beyond thirty days, this process can be quite tedious and may not likely even work at all.

 Secondly, the refund request may rightly become the next option if an item has been paid for, but for whatever reason(s), such item bought has not been received or is actually even received but not as described.

In some cases, you may even have the feeling or belief that the payment is not even authorized. Whatever the complaints, provided this is what is believed to have happened, you can file a case in the PayPal Resolution Centre to set off (or start) the process of getting your money back.

Successful initiation may trigger a refund that will lead to the complete recovery of your money.

In the third instance, you may have a change of mind on the purchase after you have paid a merchant and therefore wish to have your money back. It is easy, even in such cases as this, to actually get your money refunded in full.

All you have got to do here is to get across to(or contact) the seller and request that they should terminate or cancel your purchase. If however the payment has been completed, you may do well to make enquiries about their return policies or request a refund right away.

The steps below may have to be reviewed in order to be able to find the merchant’s contact information for any refund to be made. Firstly, you may have to contact your seller to find their contact information by clicking on the ‘Activity’ button on the top of the page and from there you can then click on the particular transaction from your list of recent transactions.

On the ‘Transaction Details’ page, you will see the sellers details; his or her name, email or even in some cases, the seller’s customer service phone number. Use whatever you glean here to reach out to them and request that your purchase be cancelled.

READ ALSO: Best Payment Gateways in Nigeria

In all cases, you are encouraged to try resolving the issue with the seller. Whatever goes wrong with your purchase, start by visiting the PayPal’s Resolution Centre and try to resolve the issue directly with the seller and to do so effectively, you may have to open up a dispute complaint atmost within one hundred and eighty(180) days from the date the payment was made.

If on the other hand you are not able to open a dispute or could not reach an agreement or the issues have escalated to a claim, visit PayPal’s Resolution Centre within twenty days after opening the dispute to escalate the process to a claim which will enable PayPal to review the claim and decide on the best outcome for everyone’s sake.

Once PayPal investigates and resolves the claim, they will be able to make informed decisions but may ask for some documents on the transaction. The full amount for the purchase and even the shipping costs shall be refunded, but only if the case has been decided in your favor.

A chargeback is defined as the process of a customer disputing a charge and asking their card issuer for a refund. PayPal however, does not initiate or even handle chargebacks, only the credit card issuer does according to the card issuer’s policy.

All the same, PayPal has a policy that allows buyers to simply demand for refunds in transactions and inform their credit card company to cancel or make refund for any payment made. In cases of chargebacks, PayPal may however freeze the funds in the seller’s account.

There are several reasons that may lead to chargebacks, which include: the buyer not getting the product, the purchased product is damaged or defective, the buyer not being able to recognize or remember the credit card payment, the buyer getting charged more than once for a single transaction and finally, when the buyer did not authorize the payment.

In all these cases, PayPal can assist the refund process, to make sure you get your money back, by freezing your payment in the seller’s account. Another excellent way buyers can manage a refund on PayPal is through using a breakthrough electronic commerce assurance and the order verification application.

These verification apps are known to charge a neglible amount to guarantee verification of orders and a one hundred percent refund guarantee in cases of chargebacks.

There is the need to remember that when dealing with chargebacks, that buyers are eligible for a refund on PayPal transactions after one hundred and twenty days or more and that chargebacks on PayPal take a few weeks to seventy five days, depending on the nature of the cases being dealt with.

PayPal, in most cases, takes sides with the customers to get their money refunded with the least possible delay while the seller is left unattended to. You are sure to get PayPal’s seller protection, though associated rules and regulations are guiding this protection guarantee.

It would have been most distasteful if refund were not possible where transaction issues go south, but thankfully that is not so.

All buyers are, for obvious reasons, advised to ascertain that whatever conditions are laid in transactions, they obey and respect them to the latter because you never know when they may come in handy to save you from undue losses.

To conclude the post, we are advised to avail ourselves of the knowledge that will enable us to get refunded in transactions from which we have complaints since the procedures are easy enough to accomplish.