Online money transactions have become way easier with the help of different digital payment platforms like PhonePe. But, what happens when you conduct a wrong money transaction?
Of course, you will be nervous and will try to find a way to cancel the transaction and get your hard-earned money back. And that is why we are here to help out by providing information about the process of canceling a transaction.
Have you sent money to the wrong account via PhonePe and now searching for a proper way to cancel it, then you need to know some reality.
When you have made the transaction using Phonepe, that you wish to change or cancel. It will be showing the transaction is processing then it’s not at all possible to cancel the transaction. And there is no way to get that money back to your Phonepe wallet.
In simple words, if a transaction has been instigated by the account owner then it can’t be canceled. The transaction is either gonna be successful or fail. If fortunately, it fails, you will have the money in your account.
And, if the money transaction is processed successfully, then the beneficiary is going to get it. In such a case, you will obtain confirmation notification of the status a few days later than the date of the transaction.
Now, to get your money back you can contact the beneficiary or with the manager of the bank. However, if nothing works, lastly you can go to court. You can always contact PhonePe Customer care for the best suggestion.
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