PayPal accounts are great. To Download PayPal, Click Here. It is easy to make, free of charge, and can be used to purchase any type of product. But all good things come to an end. Once you are here, you are ready to permanently close or delete your PayPal account.
Before doing so, consider a few things you should know. Below you will find all the details and step-by-step instructions on how to delete your PayPal account. Let’s get started!
Why do I need to delete my PayPal account?
PayPal accounts do not cost much to keep, but there are several reasons why you should delete them. You have a business account and your business can be closed. You may switch to something like Venmo or Transferwise. Alternatively, you may want to open another account using a different email address.
For whatever reason, if you do not plan to use your PayPal account again, we recommend that you delete it. PayPal is secure, but you need to take a closer look at the web where your personal and financial information is stored.
Need to know before closing your PayPal account
Before we learn how to delete your PayPal account, there are a few things you need to know. Most importantly, if you delete your account, it will no longer exist. You can create a new PayPal account using a different (or similar) email address, but everything else connected to your account will be permanently deleted. This means you will lose your transaction history, so make sure you make a copy before closing your account.
Another way is to withdraw the balance left in your account. You can do this by transferring it to another PayPal account, by transferring it to your bank account, or by asking for a check-in PayPal. Of course, you can use your balance to buy things online or to donate to the right purpose.
If you have money left over from your PayPal credit, you cannot close your account until the payment is completed. The same goes for pending payments or other unresolved issues with your account. Depending on the nature of the problem, you may need to contact customer service to resolve it.
Steps to take before closing your PayPal account
- Clear your PayPal balance.
- Pay the remaining balance.
- Fix unresolved issues (including contacting customer service).
- (Optional) Make a copy of your activity history.
Close or delete your PayPal account
Once you have closed your PayPal account and completed the requirements above, it is time to start the process. It’s permanent, but the whole process still only takes a few minutes. However, it is worth noting that this can only be done on the web. You cannot delete your PayPal account from the Android or iOS application.
Deleting your PayPal account is the same whether you have a personal account or a business account. If you have a business account, you can also downgrade your personal account, but you will need to contact customer service to do so.
Delete your PayPal account:
- Sign in to your PayPal.com account.
- Click the Settings icon in the top right corner.
- In Account Options, click Close Account.
- Please provide details of your bank account if requested.
- Click Close Account.
When you are done, your account will be terminated and all related items will be permanently deleted.
Close or delete your PayPal account FAQs
What happens if I close my PayPal account?
Since we are permanently closing your PayPal account, everything connected to your account will be permanently deleted. you cannot delete your PayPal account from your Android or iOS application. Before closing your PayPal account, make sure there are no unresolved issues with your account.
If I close my PayPal account, will my account be removed?
You can create a new PayPal account using a different (or similar) email address, but everything else associated with your account will be permanently deleted. This means you will lose your transaction history, so make a copy before closing your account.
Can I delete my PayPal account and start over?
No, once you close your PayPal account, it won’t reopen. You can create a new account, but your previous activity will not be included.
Can I have a PayPal account?
Paypal can host personal or business Paypal accounts. You cannot set up your bank account because your bank account is a payment gateway related to making payments or sending and receiving money.