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You can cancel a payment youve already made if the receiver hasnt yet actively claimed it. If they have, youll need to dispute the payment or request a refund. If they havent claimed the money, first log in to your PayPal account at Paypal.com. From the top, click on the Activity tab. Youll see all your recent transactions listed. Find the transaction you want to cancel and then click Cancel here. A confirmation pop-up window will appear. Click on Cancel Payment to confirm. The money will now appear in your PayPal account within a few days.