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Time to check your Paypal account for recurring payment agreements. These are usually agreements you permitted with a business that allows your Paypal account to make monthly payments to a service you want. Kind of like using a credit card to auto-pay your monthly phone bill. However, sometimes cancelling an account with a business doesn't mean the Paypal auto-pay stops. And after a year or two, it's pretty easy to forget who you have agreements with.
Additionally, there are sometimes surprises. I just checked my accounts and found an account with woot/com that had a "Billing Limit $15,000.00 USD (per month)"! (Means my monthly limit on transactions with woot was limited to $15k, but, wow, kind of made my heart thump hard for a minute seeing anything to do with $15,000 per month.)
Here are the instructions taken from Paypal on how to check your account:
Question: How do I cancel a recurring payment, subscription, or automatic billing agreement I have with a merchant?
Answer: We’re introducing a new and improved Profile to some customers. Until all customers are using the new Profile, there are 2 sets of instructions on how to do this. Please follow the instructions that match what you see on the site.
1.Log in to your PayPal account.
2.Click Profile near the top of the page.
3.Click My Preapproved Payments in the Financial Information column. (Don’t see this step? Follow the instructions below.)
4.Click View the Agreement next to the merchant agreement you want to cancel.
5.Click Cancel or Cancel automatic billing and follow the instructions.
Or
1.Log in to your PayPal account.
2.Click Profile near the top of the page.
3.Click My money.
4.Click Update in the My preapproved payments section.
5.Click Cancel or Cancel automatic billing and follow the instructions.
If you don’t have a PayPal account, you should contact the merchant directly to cancel the agreement. If you can’t contact the merchant, you should contact PayPal Customer Service by phone. Here’s how:
1.Go to the PayPal website.
2.Click Contact Us at the bottom of any page.
3.Click Call Us, then click Continue for our Customer Service phone number.
Please note that after canceling a payment, subscription, or automatic billing agreement, you are still required to pay the merchant for the goods or services you received.
Additionally, there are sometimes surprises. I just checked my accounts and found an account with woot/com that had a "Billing Limit $15,000.00 USD (per month)"! (Means my monthly limit on transactions with woot was limited to $15k, but, wow, kind of made my heart thump hard for a minute seeing anything to do with $15,000 per month.)
Here are the instructions taken from Paypal on how to check your account:
Question: How do I cancel a recurring payment, subscription, or automatic billing agreement I have with a merchant?
Answer: We’re introducing a new and improved Profile to some customers. Until all customers are using the new Profile, there are 2 sets of instructions on how to do this. Please follow the instructions that match what you see on the site.
1.Log in to your PayPal account.
2.Click Profile near the top of the page.
3.Click My Preapproved Payments in the Financial Information column. (Don’t see this step? Follow the instructions below.)
4.Click View the Agreement next to the merchant agreement you want to cancel.
5.Click Cancel or Cancel automatic billing and follow the instructions.
Or
1.Log in to your PayPal account.
2.Click Profile near the top of the page.
3.Click My money.
4.Click Update in the My preapproved payments section.
5.Click Cancel or Cancel automatic billing and follow the instructions.
If you don’t have a PayPal account, you should contact the merchant directly to cancel the agreement. If you can’t contact the merchant, you should contact PayPal Customer Service by phone. Here’s how:
1.Go to the PayPal website.
2.Click Contact Us at the bottom of any page.
3.Click Call Us, then click Continue for our Customer Service phone number.
Please note that after canceling a payment, subscription, or automatic billing agreement, you are still required to pay the merchant for the goods or services you received.
