Why Does Paypal Say Send Again
How to Shut a PayPal Account
Posted by Frank Gogol
Updated on March 16, 2022
Updated on March 16, 2022
PayPal accounts tin can be very useful. They are an easy and costless way to send money to family unit abroad or pay for things online. You tin even gear up up an account for your business concern so your clients or customers can pay you.
If for whatever reason, you discover yous no longer want your PayPal account, closing information technology downwards is a quick and hassle-free process that can be completed in just a few minutes. Read on to find out how to close a PayPal account.
How to Shut Your PayPal Account
Once you have saved a copy of your transaction history, fixed any unresolved problems tied to your business relationship, and collected the entirety of your PayPal balance, it is time to start the process of endmost your PayPal business relationship.
Even though closing your business relationship is permanent, the full process actually takes just a few minutes. The process you'll need to follow is slightly different for a personal account and a business account.
How to Shut Your PayPal Personal Account
Follow the instructions below on how to shut a PayPal business relationship.
- Make sure you accept copied your transaction history if you lot demand it
- Make certain you take no unresolved issues tied to your account
- Make certain you lot take emptied your PayPal residual
- Log in to your PayPal business relationship on a spider web browser on a personal calculator or laptop
- Once you have logged in to your PayPal business relationship, click on the Settings Menu (the Settings Menu icon is at the tiptop correct of your screen, adjacent to the Log Out option)
- On the Settings Menu, you will see a tab for Account Options. Open this tab
- Under the Account Options section, click the Close Your Business relationship push
- If requested, enter your bank account details
- Click the Close Business relationship push button.
How to Close Your PayPal Business Account:
If you accept a business account, information technology is too possible to downgrade to a personal account, just you will take to contact customer service to do so. Utilise the following steps to close your downgrade your business concern account:
- Make sure you have copied your transaction history if you lot need it
- Brand sure you have no unresolved issues tied to your account
- Make sure you lot accept emptied your PayPal residual
- Log in to your PayPal business relationship on a spider web browser on a personal computer or laptop
- Once yous have logged in to your PayPal account, click on the Profile push (the Profile button icon is at the top correct of your screen, side by side to the Log Out option)
- Click on the Profile and Settings button
- Click on Account Settings
- At the top of the Business relationship Settings folio, there is a line for Business relationship Type. There is a Close Account button to the right in this line, next to Account Type
- Click the Close Business relationship button to delete your PayPal account.
Why You Might Desire to Close Your PayPal Account
The good news is even an unused PayPal account doesn't cost any coin to maintain. Merely if you're not planning to use your PayPal account again, it might be a good idea to delete it. PayPal is secure, simply whatever place on the web where your personal and financial details are listed can be breached. Deleting your details from places y'all no longer apply decreases your gamble of having this information breached.
Compromised Account
Some people close their PayPal accounts considering it has been compromised and they want to close it downwards for safety reasons. Business users may want to shut an account that was opened for a business that is no longer trading. Users may also choose to close their PayPal business relationship because they've switched to an alternative payment gateway, like Venmo or Stripe.
Different Email
Or maybe you only want to open a new PayPal business relationship with a unlike electronic mail address. If whatever of these reasons utilize to you lot, yous would want to know how to close a PayPal account.
What to Know Before Closing Your Account
The most important affair to know before closing your PayPal account is once it's closed, information technology will exist permanently closed. Y'all are not deactivating your PayPal account. Deactivating often means that an account tin can be reactivated afterward if needed. This is not the case with a PayPal account. Once an account has been deleted, it is permanently closed.
Everything Will Be Permanently Deleted
Because you are permanently closing your PayPal account, everything tied to your account will be permanently deleted. This means your transaction history will be lost. Information technology might, therefore, be a good thought to screenshot, print out or otherwise save your transaction history if you think y'all will demand information technology at a after date. Once the PayPal business relationship is closed, yous will not be able to access this information again, even if you open up a new PayPal business relationship using the same e-mail accost.
Business relationship Must Be Deleted from the Web
Also to close your PayPal account, you volition need to employ a laptop or calculator to access your PayPal account from the web. You cannot delete your PayPal business relationship from the Android or iOS app.
Yous Must Resolve All Account Issues
Earlier you try to shut your PayPal account, make sure that there are no unresolved bug on your account. This includes outstanding balances that need to be paid or unresolved issues that need to be taken upward with client service. You will not be able to close a PayPal account if in that location are unresolved issues tied to your account. Any unpaid coin requests will too automatically be canceled.
Make Sure to Withdraw Your Balance
The last thing to exercise before endmost your PayPal account is to withdraw or collect the entirety of your PayPal residue. You can do this by spending your balance, or past transferring it to another PayPal or bank account. You tin can also request a check from PayPal, but you will have to pay a small fee on this option.
What Happens Afterward You lot Close a PayPal Account?
Once you have closed your PayPal account, you lot will not be able to admission it again. Your transaction history with PayPal will be lost. Whatever unpaid money requests are automatically canceled. Future online payments cannot be made using a deleted PayPal business relationship. You also lose unused redemption codes or coupons.
If you need to, you tin create a new PayPal account (you can even use the same email address), but you will not exist able to view any data from the previous account.
Read More
- How to Greenbacks a Check Without an ID
- How to Shut Chase Business relationship
- How to Close a Robinhood Account
- How to Close Bank of America Account
- How To Sign Over a Check
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