Thursday, February 12, 2015

ALL THE TERMINOLOGIES YOU NEED TO KNOW ABOUT PAYPAL SERVICES




Are you an active user of PAYPAL payment system, do you buy things online such as software, e-books, clothes, shoes, or do you pay for online services like tuition fees, seminar fees, hotel reservations, visa and appointment fees, etc. I have been a VERIFIED Paypal account holder over 6 years; however, sometimes I get confused with statuses whenever I make payment for a service and don’t get the value for it immediately. Since, paypal service is available to Nigerians, it is expedient to take cognizance of some terminologies in the course of your online transactions. Below are some of the things you need to know about PAYPAL STATUSES….   

ACTIVE
Subscriptions: You have automatic payments scheduled for this subscription.

CANCELED
Money requests: Either you or the sender canceled the request.
Payments sent: You canceled the payment, and the money was refunded to your account.
Subscriptions: The subscription was canceled, and no more payments will be made.

CLEARED
Payments received: You received an eCheck payment, and the money is now in your account.

COMPLETED
Adding funds from your bank account: The transfer has been completed, and the money is in your account.
Payments received: The transaction was successful, and the money is in your account.
Payments sent: The recipient received your payment.
Subscriptions: All payments for this subscription have been made.
Withdrawals to your bank account: We have sent your money, and it should be in your bank account within a few business days.

DENIED
Payments sent: The recipient decided not to accept your payment.
Payments received: You decided not to accept the payment.



EXPIRED
When you place an order: The transaction expired.

FAILED
Payments sent: Your payment didn't go through.

FUNDS AVAILABLE
Previously unavailable funds from eBay sales that are now in your PayPal account and ready for use.
  
FUNDS NOT YET AVAILABLE
While you establish a successful eBay sales history, you may not have access to your money for up to 21 days. You may get it sooner, but it may take longer if your buyer reports a problem with the sale.

HELD
Payments received: The money is being held, pending reversal.
Payments sent: The money is being held, pending reversal.

IN PROGRESS
Payments sent: Your payment was sent, but the recipient hasn't accepted it yet.

MARKED AS PAID
Marked as paid: Your payment was received, and your invoice is now paid in full.

ON HOLD
Payments received: The money is being held temporarily. The sender may have filed a
dispute, or we are reviewing the transaction.
Payments sent: The money is on hold while you dispute the transaction.
Withdrawals to your bank account: There’s a problem with your bank account, and your withdrawal couldn’t go through.

ON HOLD – SHIP NOW
Payments received: The transaction is under a payment hold for an eBay item. Your funds will be released after 21 days. To get your payment sooner, please ship the merchandise right away.

PAID
Money requests: Either you or the recipient was paid the full amount.

PENDING
Adding funds from your bank account: You requested a bank transfer. The money should be in your PayPal account soon.
Money requests: The money request has not yet been paid. You can pay, edit, send a reminder, or cancel the request.
Withdrawals to your bank account: You requested a transfer from PayPal to your bank account.

PLACED
Part of your available PayPal balance is being held temporarily while this payment is processed. Once the purchase is complete, we'll release the hold and use the money for the payment.

PROCESSED
Adding funds from your bank account: We have transferred your request to your bank. The money should be in your PayPal account shortly.

REFUNDED
Refunded or Partially refunded: If you paid by debit or credit card, your refund will go to that card. Otherwise, your refund will go to your PayPal account.
Payments sent: The recipient refunded your payment.

REFUSED
Adding funds from your bank account: Your bank transfer was rejected. We’ll email you why this happened.
Payments sent: The recipient didn't receive your payment.

RETURNED
Payments sent: Your money was returned because the recipient didn't claim the payment within 30 days.

REVERSED
Payments sent: Either you or PayPal canceled the payment.
Withdrawals to your bank account: The transfer was denied, and we credited the money back to your PayPal account. We’ll email you why this happened.

TEMPORARY HOLD
Payments sent and received: A temporary hold may be placed on money during the authorization process. This process usually doesn't take long, and you'll see the status change to "Completed."

UNCLAIMED
Payments Sent: A payment may be unclaimed for several reasons:
The recipient has not signed up for a PayPal account and has not yet received your payment.
The recipient has a Personal account (which cannot receive more than 5 card-funded payments a year) and has not upgraded. Or the recipient hasn't accepted the payment.
The recipient has a Premier or Business account and has chosen to individually accept or decline payments from customers who don't have a confirmed address.
The money has been deducted from your PayPal account. You can cancel this payment by clicking Unclaimed and then Cancel Payment. Please note that all unclaimed transactions are automatically canceled after 30 days.

UNCLEARED
Payments received: The eCheck payment is in process. We recommend you wait to ship until the payment clears.
When you send a payment: The eCheck payment is in process.

UNDER REVIEW
Payments received: We are reviewing this transaction. Please don't ship until we complete our review.

Lekan Olanite

ideasandprospects@gmail.com

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