What Happens If You Don T Accept Money On Paypal

PayPal makes it easy to receive payments, even enabling your business to accept credit cards online without the hassle of opening a merchant account with a bank. Sometimes that ease may be a problem, however. If you've run out of stock or otherwise need to refuse payment, how you do it depends on where the payment originated. In any case, you may only refuse -- or more accurately, refund -- a payment after it's made, and only within 60 days of the payment date.

Sign in to your PayPal account and click the "My Account" tab. If you don't see the payment on the "My Account" page, click "History" and look for the payment in your History. Click "Payments Received" for a list of recent payments only, or search for the payment by date or other criteria.

Click the "Details" link for the payment to see the payment details and options, and click the "Issue a Refund" link on the "Transaction Details" page. If the payment was for an Ebay transaction, you may also see a drop-down menu from which you can choose "Refund Payment."

On the "Issue a Refund" page, confirm the amount of the refund, add an invoice number or a note to be sent to the buyer and click "Continue." Then verify that the information is correct and click "Issue Refund."

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When you issue a refund, PayPal also refunds their percentage of the transaction, but does not refund the fixed fee.

Writer Bio

Michael Cox writes about lifestyle issues, popular culture, sports and technology. In a career spanning more than 10 years, he has contributed to dozens of magazines, books and websites, including MSN.com and "Adobe Magazine." Cox holds a professional certificate in technical communications from the University of Washington.