How to delete PayPal Account

PayPal is an online payment platform that is completely free to use. A secure online account may be used to pay or receive money instantly, safely, and securely. A merchant account may be set up with PayPal, allowing you to pay for goods or services, as well as accept payments from customers.

There are several reasons why you might wish to delete your PayPal account despite the fact that having one can be useful in many ways. A hacker might potentially get into your account; it could be that your account is for a business that is no longer in operation; it could even be because you're going to register an account under another name.

When it comes to deleting or cancelling your PayPal account, there are a few things you should know.

An important thing to remember, once a PayPal account is closed, it cannot be reopened. You can open a new account under the same email address, but all transaction history for the old account will be lost.

Important things consider before deleting your PayPal account

Here are some important things to know before closing your account and how to delete your PayPal account from the PayPal website.

Withdraw money.

If you still have money in your PayPal account, you will not be allowed to close it. Transfer your PayPal balance to another PayPal account, a bank account, or ask PayPal to send you a check (for a $1.50 processing fee).

Pay off balances.

Resolve any pending payments or issues associated with your account, like unauthorized transactions. This may involve contacting customer service.

Create a copy of your PayPal transaction history.

Once a PayPal account is closed, all transaction history is gone forever. Screenshot or print out your history in case you need it in the future.

How to delete your PayPal account

Step 1: Log in to your PayPal account using a laptop or computer. You cannot delete a PayPal account using a smartphone.

Step 2: Click on the gear icon given in the top-right corner of the screen. This will open the ‘Settings menu.

Step 3: In the Account section under the ‘Account options’ tab, click on the ‘Close your Account’ option.

Step 4: As you click on it, you’ll be reminded if you still have money in your PayPal account. You’ll also be prompted to use or transfer it before deleting your account permanently.

Step 5: Now, enter your bank details carefully in the input fields.

Step 6: Lastly, click on the option ‘Close Account’ to delete your PayPal account permanently.

The process for deleting both business and a personal account is the same.