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Quick PayPal tip I discovered today

PostHoc25
Posts: 8 Forumite

I'm new to the forum so apologies if this needs to be moved to a different topic. I looked up and down the list and couldn't figure out where to put this tip/bit of helpful info.
I use PayPal a lot and recently signed up for a 95p one week trial of some software. Looking through the t&c about cancellation, because I used PayPal, I needed to go into PayPal and cancel future automatic payments from there.
Go to settings icon
Then payments
Then Automatic Payments
I saw and cancelled the software trial so I don't get charged £49 in a few days but then saw a huge list of retailers/services I had previously had on auto payment that whilst not actively charging me, still had permission to do so in the future. It displays two lists, Active and Inactive Pre-approved payments.
Lots on my list had not been charged in years, as far back as 2012! So I cancelled them all to be inactive.
If you are concerned about companies having access to your PayPal (I'm thinking in terms of any potential hacking/glitches) then I'd say it's well worth a look to see what companies could potentially charge you.
Again, nothing bad has happened, this is purely an act of caution having been with PayPal for donkeys years - clearly there have been no erroneous charges during all those years, but it's nice to know it's not even a possibility due to tech issues.
I had no clue this page of info even existed :-)
I use PayPal a lot and recently signed up for a 95p one week trial of some software. Looking through the t&c about cancellation, because I used PayPal, I needed to go into PayPal and cancel future automatic payments from there.
Go to settings icon
Then payments
Then Automatic Payments
I saw and cancelled the software trial so I don't get charged £49 in a few days but then saw a huge list of retailers/services I had previously had on auto payment that whilst not actively charging me, still had permission to do so in the future. It displays two lists, Active and Inactive Pre-approved payments.
Lots on my list had not been charged in years, as far back as 2012! So I cancelled them all to be inactive.
If you are concerned about companies having access to your PayPal (I'm thinking in terms of any potential hacking/glitches) then I'd say it's well worth a look to see what companies could potentially charge you.
Again, nothing bad has happened, this is purely an act of caution having been with PayPal for donkeys years - clearly there have been no erroneous charges during all those years, but it's nice to know it's not even a possibility due to tech issues.
I had no clue this page of info even existed :-)
14
Comments
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Thanks for the reminder, it was something I vaguely knew about but never really bothered sorting before now. I just cancelled 14 automatic payment agreements for companies I either don't use anymore, or pay via different methods (my inbox is quite busy with automated paypal emails now!)
There were also a few permissions enabled in the "data and security" section for companies I have nothing to do with anymore, so I cancelled those too.0 -
Very useful, thanks. On the app (Android) I found the list by pressing "Accounts" (bottom bar) then scroll to "Autopay". From there you can click on each payee then "Cancel Subscription".I’m a Forum Ambassador and I support the Forum Team on the Credit Cards, Savings & investments, and Budgeting & Bank Accounts boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
All views are my own and not the official line of MoneySavingExpert.1 -
Thanks for the tip! You'd think with the way regulations are going these links would be automatically severed after a set period of months/years without active payments...I no longer check the forums as regularly as I used to. If you wish to catch my attention please remember to tag me (@ircE) so I get a notification.0
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Thanks OP. Just found around 50 active and 15 inactive!0
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