Does Echeck take my money if i get a seller to cancel the payment?

Scratchyq
New Community Member

i won an auction on ebay that was 123 pounds  but i chose the wrong payment as i didnt have any funds in my paypal account  as paypal where keeping my 230 pounds which i earned by selling my stuff which had been sent and delievered. i chose echeck by accident.  the echek payment is marked as uncleared. if i ask the seller to cancel the payment would i lose 130pounds(including postage). please someone help me asap. i cannot just cancel this as it is alot of money and i dont want to use my bank.

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1 REPLY 1

PayPal_AdamD
Moderator
Moderator

Hi Scratchyq -

 

Thanks for reaching out to us here. I am sorry to hear of this. If a seller were to cancel the echeck, the funds would still process through from your bank account. However, the funds would go directly to your PayPal account once the funds had cleared rather than be sent to the sellers account.

 

- Adam

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