I recently bought an item on ebay and paid entire money through Paisa Pay. The seller failed to ship the item and had contacted me with the reason.
After deadline date for shipping, automatic refund was inititated by Ebay showing "Refund initiated by system" and on May 28th it was shown as "Refund Approved" with the following message.
"Your refund request has been approved by PaisaPay on 28-May-10. You should be able to see the refund in your credit card statement / bank account within 3 working days."
Its been 5 working days now and I havent received the payment yet in my ICICI bank account. Its a pretty big payment amounting to some 10000 ๐