How To Reverse Cash Send

Do you need to know how to reverse a cash send? Sometimes, we make mistakes when sending money through online platforms. Fortunately, many of these platforms have options for reversing a cash send. Keep reading to learn how to reverse a cash send on some of the top online payment platforms.

PayPal

PayPal is a popular payment platform used by many people for online transactions. If you accidentally send money to the wrong person or in the wrong amount, you can request for a reversal of the transaction. To do this:

1. Log in to your PayPal account.
2. Go to the transaction you want to reverse.
3. Click on the Transaction Details button.
4. In the Transaction Details page, click on the Request a refund link.
5. Follow the instructions provided to request a refund.

Venmo

Venmo is another popular online payment platform. It allows users to transfer money to friends, family, and acquaintances. If you send money to the wrong person or in the wrong amount, you can cancel the transaction as long as it is still pending. To do this:

1. Log in to your Venmo account.
2. Go to your payment history.
3. Locate the payment you want to cancel.
4. If the payment is still pending, click on the Cancel Payment button to cancel it.
5. If the payment has already been completed, click on the Chargeback button, and Venmo will try to recover the money on your behalf.

Zelle

Zelle is a payment platform that allows users to transfer money to friends, family, and acquaintances. However, once a payment is sent, it cannot be reversed. The platform suggests that you contact the person who received the payment and request that they send it back to you. If you do not know the person or do not receive a response, Zelle suggests contacting your bank to reverse the transaction. However, banks are not obligated to reverse Zelle transactions.

Conclusion

Accidentally sending money to the wrong person or in the wrong amount can be frustrating. However, there are options for reversing a cash send on popular online payment platforms like PayPal and Venmo. If you use Zelle, it is best to request the money back directly from the recipient or contact your bank. Always double-check details before sending money to avoid mistakes.