Refunding a Payment

Asmi · 05-08-2007

If you have a Business paypal account and you have received a payment of $50 and $1.5 fees was deducted from your account, now when you refund the payment.. how will it work?

* $50 will be debited from my account and returned to him.
* $50+$1.5 will be debited from my account and returned to him.

Thanks in advance.

chargebacks · 05-08-2007

If you give a refund, they only take back the amount you received. So in that case, you would have received $48.50 and when you refund it, they will debit $48.50 from your account.

Fewski · 05-08-2007

What chargebacks said was correct. The amount you recieve (After fees) is the amount they will take out. The sender of the money will recieve everything back, including the fees though.

Rajesh · 05-08-2007

When I refund a payment, it works like this..

The money which I received (after fees deduction) is removed from my account, and the sender receives the full money he sent.

SSJ · 05-17-2007

Quote:

Originally Posted by Rajesh

When I refund a payment, it works like this..

The money which I received (after fees deduction) is removed from my account, and the sender receives the full money he sent.

I don't think so.. Really?

He will get only $48.50...

mathew.hayden1331 · 05-21-2007

Yes $1.5 is the transaction fees . Whether you accept it or deny it ,the 1.5 will be deducted.

syedwasi87 · 05-27-2007

but what i noticed in my account like when i refunded the payment to my buyer...he got the full amount..or did he get 0.15 less??

computer.man · 05-28-2007

I think he will only get $48.50 as fee is compulsory for paypal.The transaction fees are not refunded at any cost

cashtaker · 06-06-2007

I think so, if you refund the money after accepting the money from that man. He will be receiving only $48.5, as you have made a transaction with paypal, they will catch up a fee from you.

werewolf · 06-19-2007

The $1.5 fees was Paypal's share .So I think paypal will not compromise on its fee structure for a refund.

05-08-2007	#1 (permalink)
Asmi Member Join Date: May 2007 Posts: 40 Rep Power: 0	Refunding a Payment If you have a Business paypal account and you have received a payment of $50 and $1.5 fees was deducted from your account, now when you refund the payment.. how will it work? * $50 will be debited from my account and returned to him. * $50+$1.5 will be debited from my account and returned to him. Thanks in advance.

05-08-2007	#2 (permalink)
chargebacks Administrator Join Date: Feb 2007 Posts: 220 Rep Power: 10	If you give a refund, they only take back the amount you received. So in that case, you would have received $48.50 and when you refund it, they will debit $48.50 from your account. __________________ John Lark Chargeback Forum Senior Moderator http://www.chargebackforum.com/

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05-08-2007	#3 (permalink)
Fewski Member Join Date: May 2007 Posts: 40 Rep Power: 0	What chargebacks said was correct. The amount you recieve (After fees) is the amount they will take out. The sender of the money will recieve everything back, including the fees though.

05-08-2007	#4 (permalink)
Rajesh Junior Member Join Date: May 2007 Posts: 20 Rep Power: 0	When I refund a payment, it works like this.. The money which I received (after fees deduction) is removed from my account, and the sender receives the full money he sent.

05-21-2007	#6 (permalink)
mathew.hayden1331 Junior Member Join Date: May 2007 Posts: 5 Rep Power: 0	Yes $1.5 is the transaction fees . Whether you accept it or deny it ,the 1.5 will be deducted.

05-27-2007	#7 (permalink)
syedwasi87 Senior Member Join Date: May 2007 Posts: 109 Rep Power: 2	but what i noticed in my account like when i refunded the payment to my buyer...he got the full amount..or did he get 0.15 less??

05-28-2007	#8 (permalink)
computer.man Junior Member Join Date: May 2007 Posts: 25 Rep Power: 0	I think he will only get $48.50 as fee is compulsory for paypal.The transaction fees are not refunded at any cost

06-06-2007	#9 (permalink)
cashtaker Junior Member Join Date: Jun 2007 Posts: 25 Rep Power: 0	I think so, if you refund the money after accepting the money from that man. He will be receiving only $48.5, as you have made a transaction with paypal, they will catch up a fee from you.

06-19-2007	#10 (permalink)
werewolf Junior Member Join Date: Jun 2007 Posts: 15 Rep Power: 0	The $1.5 fees was Paypal's share .So I think paypal will not compromise on its fee structure for a refund.

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