![]() Since the merchant refunded you directly, you’ll still owe any remaining balance on the loan. This is because PayPal paid the merchant on your behalf when you were approved for a Pay in 4 loan. If the merchant issues a refund in the form of a store credit, gift card, or cash, your remaining loan balance will still be due. It’s useful if the payment is fraudulent. There is also the Report this Payment option that can be used to cancel PayPal transactions. On this page, you can click cancel any pending payments (except for recurring ones). If the refund amount exceeds the 4th repayment due amount, your 3rd repayment amount due will be further reduced, and so on. From there, select Find and click Cancel Payments. If your refund is partial, it will go towards the final repayment (4th repayment) scheduled. Repayments are made automatically from your PayPal account using the payment method. The next 3 instalments are due every 14 days after your first instalment. Your first instalment is due at the time you make your purchase. If the refund results in a Credit Balance Refund (an overpayment of the Pay in 4 loan), your credit balance will be moved to your PayPal balance automatically. PayPal Pay in 4 allows you to pay for your purchase in 4 interest-free instalments. Please check your PayPal Pay in 4 loan details in the wallet to ensure that the loan balance is marked as Completed. If the refund satisfies the entire outstanding balance on the Pay in 4 loan, you will not have any further repayment obligations. How does a merchant refund work for my Pay in 4? Since PayPal paid the merchant for your Pay in 4 purchase, the merchant would refund the Pay in 4 loan, in full or partial.
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