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How soon are refunds noted on my sold list?

I had to refund a payment to a successful bidder due to a listing error.  I always used PayPal.  I have done this before and immediately my sold listing indicated it was refunded with the arrow superscript.   However, in the current instance, I reimbursed the bidder two days ago and I have yet to see that eBay acknowledges it.  

 

When is the "Payment Was Refunded" arrow to show on my sold listing?

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