

The first thing you should do when you find out about the unauthorized transaction is to raise a dispute with PayPal.
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But if they tell you that reversal time windows have expired then you can directly raise a dispute with PayPal. They can immediately reverse the payment. The immediate thing to do when you find the transaction as fraud is to register a complaint with the credit card company or the bank.

Submit a complaint to the Credit Card company:.If this transaction is not an authorized one from an unknown merchant then you can follow the below steps to get your money back. You can avoid this transaction next time on your credit card by topping up your PayPal balance. If you find the complete transaction details as legit one then no problem. If you don’t find any transaction details in your PayPal account on the respective date and you find the merchant details as bogus then you can be 100% sure that this is a fraudulent transaction. If you feel that you haven’t authorized any of this transaction then you can file for dispute with PayPal. If the merchant is some e-commerce site like Amazon, eBay then you can log in to your account and check whether you have ordered any product from there. If you can find the invoice then you can check the invoice to know the exact reason for this transaction. Once you get the merchant details, you need to check your email inbox for invoices from the merchant. Will all these details you can identify to whom and why it was paid. There you will have the complete details of this transaction including the Merchant information, Invoice ID, Transaction ID, The card which was used to pay, etc. There you can find all the transactions that are done using PayPal. In the account, you have to open the activity tab. If you still can’t remember why this transaction occurred then I suggest you log in to your PayPal account. But you need to do some things mentioned below. Hope you got an idea about this transaction.ĭon’t panic in this situation, if you still think this is not a valid transaction you can raise a dispute with PayPal and get your money back. Banks usually mention this transaction in a way it is. PayPal doesn’t have any control over the statement on the credit card. You might think why didn’t PayPal make a clear statement in the credit card itself. This transaction by PayPal using your credit card will be marked as “40 PayPal”. PayPal automatically uses your credit card to pay for the service to prevent the subscription from getting canceled. If you have sufficient funds in your account then payment will be done using that balance.īut if you don’t have sufficient funds in your PayPal account then automatically PayPal uses your backup payment method. Each month when the subscription is due PayPal will initiate an automatic payment using your PayPal account balance. To play automatically for a subscription you have to top-up the PayPal account with some money. PayPal also lets you pay for any recurring subscriptions. Once both of these processes completed your account will become active and you can now receive and transfer money. You need to enter the amount they have deposited in order that you own the account.įor Credit cards, they do an auto-debit and re-credit the amount to check the authenticity of the credit card. When you enter the bank details, PayPal will deposit a small amount of money in your account.

Your bank details and the Credit Card details. When you first create your account in PayPal, it will ask you to enter two backup methods. PayPal is an online payment system through which you can do instant money transfers across countries instead of wire transactions. If you are still skeptical about this then let me explain you in brief. The immediate way to find why you are charged is to open your PayPal account and check your transactions. Since you have added a credit card as your backup payment method, they have charged your credit card. Your credit card is charged with the amount because you don’t have enough funds in your PayPal account to pay for your automatic transaction/recurring payment. Before you decide that way, you need to know why this transaction occurred in the first place. You might think that this a fraudulent transaction. You might be here because you were checking your Credit Card statement and found a suspicious payment named “PayPal” along with the phone number 40.
