How to Cancel a Recurring Payment on PayPal | United States

Recurring payments are often a helpful feature in financial solutions like PayPal, but it can also be difficult trying to cancel or stop these kinds of payments.

This article will look at methods to stop automatic payments, auto-billing, and PayPal credit payments on PayPal.

It will also look at Wise Business for managing incoming and outgoing payments. Research indicates that Wise is 19x cheaper than PayPal on average when sending payments overseas.

Set up scheduled transfers in over
50 currencies with Wise Business >>

How to Stop Automatic Payments on PayPal as a user

Many businesses may set up automatic payments for a variety of reasons, such as ensuring suppliers and vendors are paid on time, for services and products for the business. PayPal for Business includes features for automated payments for businesses as part of its business financial solution.

Automatic payments enable merchants to charge your preferred payment method on PayPal whenever a purchase is made. Setting up account payments can be useful if purchases are often being made, as there is no need to sign in to PayPal then.

However, managing automatic payments can often be challenging, especially once you decide you no longer need to make that payment. There are ways to stop automatic payments on PayPal and monitor other merchants linked to automatic payments. You can cancel automatic payments on PayPal for Business using the PayPal website.

For businesses looking to stop automatic payments on PayPal, there are ways to manage recurring payments, such as automatic payments on PayPal through your main PayPal business account.

For businesses looking to turn off automatic payments on PayPal, here are the steps:

1. Navigate to your Account Settings page on your PayPal business account
2. Select Money, Banks, and Cards
3. Click Set preapproved payments
4. You’ll find all your automatic payments within the section and can select merchants that you would like to stop automatic payments to
5. Select the merchant you wish to cancel automatic payments to, and follow the steps on PayPal to confirm cancellation of the automatic payment.

How to Cancel a PayPal Auto-billing

Another helpful feature within PayPal for business is the ability for businesses to set up auto-billing with merchants and vendors.

With auto-billing, businesses can set up recurring payments to pay bills for services, products, and vendors, without worrying about late or missed payments. PayPal auto-billing features can be an easy way to manage bills, without much manual intervention.

However, there might be times when auto billing is no longer useful, such as when you stop working with a vendor or no longer require services or products. You might also decide to cut down on auto-billing depending on other expenses.

In those instances, your business might then need to use Paypal to turn off automatic payments or check their PayPal for automatic payments to cancel any auto-billing that has been set up.

You can cancel automatic payments such as auto billing via PayPal through the following method:²

1. Log into PayPal and access account settings
2. Under account settings, navigate to the payments page
3. Under payments, you’ll see a “manage automatic payments” button. You’ll be able to see all recurring and future payments, including the payment method for each one.
4. Once you find the payment you want to cancel, you’ll see a button to cancel automatic charges
5. Once you click cancel, you’ll then see steps to follow to confirm the cancellation

How to block PayPal payment

Blocking payments is another option for businesses looking to manage their payments on PayPal. Blocking payments may be a suitable solution if there have been unauthorized charges, or as a measure to protect account safety from unknown entities.

One method to stop automatic payments on PayPal, particularly unknown or unfamiliar charges from other PayPal users, is to block outgoing PayPal payments to them.

PayPal includes features to block payments from other users, incoming and outgoing, as part of their payment management features. Once a PayPal user is blocked, they cannot send your business account money, message you or find your business within PayPal.

If you’re not sure how to block a PayPal payment from other PayPal users, here are the steps you’ll need to take:³

• Via the website, navigate to Send and Request
• Click Contacts, and search for the person you would like to block
• Click Block this contact and select block to confirm

How to cancel a PayPal Credit Automatic Payment

The PayPal credit payment has different requirement depending on your location. In the United States, businesses can cancel a PayPal credit payment in advance through a simple process:

You can cancel a payment from your PayPal account to PayPal Credit before the scheduled date for payment: ⁴

1. Enter into your PayPal account
2. Click on Money
3. Click the PayPal Credit button
4. Click View Payments
5. Click Cancel next to the payment you wish to remove
6. Adjust the payment to your liking
7. Click Confirm, and PayPal will email you a confirmation of payment cancellation

It’s important also to note that you can’t edit the payment on the same day that it’s scheduled to go out. Make sure that you go on and perform the cancellation in advance!

Recurring Payment on Wise Business

Wise Business offers a variety of features to make it easy for your business to manage incoming and outgoing payments.

Wise Business, you can easily schedule transfers and payments, and see all of your upcoming scheduled payments in one go in over 50 currencies. With easy payment scheduling, there is no need to worry about automatic payments or unauthorized charges since you can easily manage payments in one place.

You can schedule and manage payments in bulk using batch payments making it more efficient for your business while ensuring that your payments are made in time. Wise Business also offers easy options for currency transfers and managing multiple currencies in one account, with competitive mid-market rates for international transfers.

Wise Business is a low-cost option for sending money abroad. It offers rates up to 19x cheaper than PayPal for sending money.

Save time and effort by using Wise >>

You can also use the Wise API to automate recurring transfers, so that sending money abroad is stress-free.

With Wise Business you also can set Auto Conversions. Choose your currencies, the amount to convert, and your desired exchange rate. Then, Wise will automatically exchange the amount when your desired rate is available. This is a great, easy, and safe way to save if you need to pay employees or suppliers abroad.

Learn more about PayPal:

PayPal mass payment alternatives
Alternatives to PayPal
How to set up recurring payments on PayPal
The 15 Best Recurring Payment Systems (2023)

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Sources:

1. What is an automatic payment, and how do I update or cancel one?
2. How to Cancel Automatic Payments on PayPal
3. How do I block another PayPal user?
4. How do I cancel a scheduled PayPal Credit payment?