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That's interesting. I just had one declined; PP waited a week or so and tried it again. When it was declined the second time, PayPal canceled the transaction. That was the first time I had one that was declined a second time, so I figured they only tried twice.
It says only the recipient can cancel it, so I think I would in your case. If it's a high dollar amount, it might be worth waiting for, and maybe that's why they keep trying? Mine was only $9.49.
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