Item not sent - refund question

Hey!

I recently bought an cellphone but the seller contacted me explaining that there was some problem with shipping and stocking blabla and that I wouldnt receive the item.He asked me if i would be ok with a full refund, wich I am.

What are the next steps? I just have to wait for him to send the money back to my paypal account?

Thank you in advance

 

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