How long does it take PayPal to refund?
Similarly one may ask, why do refunds take so long on PayPal?
Temporary hold: If your refund status is "held,"it means the transaction was refunded before it has clearedyour bank. This process takes 3-5 business days to complete,and the refund will be credited to your bank account oncethe process is completed. All refunds will be issued to theoriginal form of payment.
Similarly, how does a refund on PayPal work? You can spend the money in your balance or withdrawmoney from your PayPal balance to your bank account. Theamount you paid with your card is refunded to your card, andthe remaining amount is sent to your PayPal balance. If therefund can't be applied to your debit card, it will be sentto your PayPal balance.
Likewise, people ask, is PayPal refund instant?
There is no hold if the payment has already completedfrom the bank to PayPal. The money will be sent back to yourbank account once the refund is complete. You'll see aseparate transaction that shows your Instant Transferpayment as "Refunded."
Do PayPal refunds go back to credit card?
After you have received the refund, you canwithdraw money from your PayPal balance to your bankaccount. * If you paid using a credit card and yourPayPal account balance, the amount paid by creditcard is refunded to your card. The remainingamount is refunded to your PayPalaccount.