How To Cancel My Paypal Account
THIS is how to close a PayPal account [2021] – Stilt
Posted by Frank Gogol
PayPal accounts can be very useful. They are an easy and free way to send money to family abroad or pay for things online. You can even set up an account for your business so your clients or customers can pay you.
If for whatever reason, you find you no longer want your PayPal account, closing it down 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.
Why You Might Want to Close Your PayPal AccountWhat to Know Before Closing Your AccountHow to Close Your PayPal Account What Happens After You Close a PayPal Account? Conclusion
Why You Might Want to Close Your PayPal Account
The good news is even an unused PayPal account doesn’t cost any money to maintain. But if you’re not planning to use your PayPal account again, it might be a good idea to delete it. PayPal is secure, but any place on the web where your personal and financial details are listed can be breached. Deleting your details from places you no longer use decreases your risk of having this information breached.
Some people close their PayPal accounts because it has been compromised and they want to close it down for safety reasons. Business users may want to close an account that was opened for a business that is no longer trading. Users may also choose to close their PayPal account because they’ve switched to an alternative payment gateway, like Venmo or Stripe.
Or maybe you just want to open a new PayPal account with a different email address. If any of these reasons apply to you, you would want to know how to close a PayPal account.
What to Know Before Closing Your Account
The most important thing to know before closing your PayPal account is once it’s closed, it will be permanently closed. You are not deactivating your PayPal account. Deactivating often means that an account can be reactivated later if needed. This is not the case with a PayPal account. Once an account has been deleted, it is permanently closed.
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. It might, therefore, be a good idea to screenshot, print out or otherwise save your transaction history if you think you will need it at a later date. Once the PayPal account is closed, you will not be able to access this information again, even if you open a new PayPal account using the same email address.
Also to close your PayPal account, you will need to use a laptop or computer to access your PayPal account from the web. You cannot delete your PayPal account from the Android or iOS app.
Before you try to close your PayPal account, make sure that there are no unresolved issues on your account. This includes outstanding balances that need to be paid or unresolved problems that need to be taken up with customer service. You will not be able to close a PayPal account if there are unresolved issues tied to your account. Any unpaid money requests will also automatically be canceled.
The last thing to do before closing your PayPal account is to withdraw or collect the entirety of your PayPal balance. You can do this by spending your balance, or by transferring it to another PayPal or bank account. You can also request a check from PayPal, but you will have to pay a small fee on this option.
How to Close Your PayPal Account
Once you have saved a copy of your transaction history, fixed any unresolved issues tied to your account, and collected the entirety of your PayPal balance, it is time to start the process of closing your PayPal account.
Even though closing your account 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.
Follow the instructions below on how to close a PayPal account.
Personal Account
How to close your PayPal personal account:
Make sure you have copied your transaction history if you need itMake sure you have no unresolved issues tied to your accountMake sure you have emptied your PayPal balanceLog in to your PayPal account on a web browser on a personal computer or laptopOnce you have logged in to your PayPal account, click on the Settings Menu (the Settings Menu icon is at the top right of your screen, next to the Log Out option)On the Settings Menu, you will see a tab for Account Options. Open this tabUnder the Account Options section, click the Close Your Account buttonIf requested, enter your bank account detailsClick the Close Account button.
Business Account
If you have a business account, it is also possible to downgrade to a personal account, but you will have to contact customer service to do so.
How to close your PayPal business account:
Make sure you have copied your transaction history if you need itMake sure you have no unresolved issues tied to your accountMake sure you have emptied your PayPal balanceLog in to your PayPal account on a web browser on a personal computer or laptopOnce you have logged in to your PayPal account, click on the Profile button (the Profile button icon is at the top right of your screen, next to the Log Out option)Click on the Profile and Settings buttonClick on Account SettingsAt the top of the Account Settings page, there is a line for Account Type. There is a Close Account button to the right in this line, next to Account TypeClick the Close Account button to delete your PayPal account.
What Happens After You Close a PayPal Account?
Once you have closed your PayPal account, you will not be able to access it again. Your transaction history with PayPal will be lost. Any unpaid money requests are automatically canceled. Future online payments cannot be made using a deleted PayPal account. You also lose unused redemption codes or coupons.
If you need to, you can create a new PayPal account (you can even use the same email address), but you will not be able to view any information from the previous account.
Conclusion
A PayPal account is simple and easy to set up, quick to make international payments, and just as simple and easy to close. If you think you won’t ever use your PayPal account again, it might be worth closing for security reasons.
Before trying to close a PayPal account, make sure you resolve any issues on the account, and withdraw all of your money. And remember – once a PayPal account is closed, it is permanently deleted and you will not be able to access any of the account information, including the transaction history, ever again.
Stilt, Inc strives to keep this blog information accurate and up to date. All information is presented without warranty. Discrepancies may be found. This blog does not consist of legal advice.
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How to close and permanently delete a PayPal account
Edgar Cervantes / Android AuthorityDo you need more help with your PayPal problem? Connect one-on-one with a PayPal expert through JustAnswer, an Android Authority partner.
PayPal accounts are great — they’re easy to make, mostly free, and can be used to make quick transactions. But all good things must come to an end, and if you’re here, you’re probably ready to delete your PayPal account you do so, there are a few things you need to know. We’ve listed all the details and step-by-step instructions on how to delete your PayPal account below.
Read also: What is PayPal? How do you use it?
Why should you delete a PayPal account?
There could be many reasons why you may want to delete a PayPal account. Maybe you have a business account, and your business is closing down. Perhaps you’ve switched to an alternative like Venmo or Wise. Or maybe you want to open another account using a different email address. You could also be against the few fees for specific actions, or you are a tinfoil hat user who wants to keep his finances private. Whatever your reason, it’s a good idea to delete your PayPal account if you never plan on using it again. PayPal is secure, but any online service where your personal and financial details are listed should be watched with caution.
Read more: How to add money to PayPal
What to know before taking actionBefore we get into how to delete your PayPal account, there are a few things you need to know. First and most importantly, once you delete your account, it’s gone for good. You can create a new PayPal account using a different (or even the same) email address, but everything tied to your account will be permanently deleted. This means you will lose your transaction history, so make sure to create a copy before closing down your other thing you’ll want to do is withdraw any remaining balance you have in your account. You can do this by transferring it to another PayPal account, transferring it to a bank account, or requesting a check from PayPal. Of course, you can also use the balance to buy goods online or donate it to a worthy you have an outstanding balance from PayPal credit, you will not be able to close the account until you pay it off. The same goes for any pending payments or other unresolved issues tied to your account. You may need to contact customer service to resolve these depending on what the problem to take before closing your PayPal account:
Empty your PayPal balance.
Pay off any outstanding balance.
Fix any unresolved issues (may involve contacting customer service).
(optional) Create a copy of your transaction history.
Read also: Top 5 side hustle jobs to make extra money
How to close and permanently delete a PayPal accountEdgar Cervantes / Android AuthorityOnce you’re sure you want to close your PayPal account and have finished the prerequisites above, it’s time to start the process. Although it’s permanent, the whole process takes a few minutes. It’s worth noting, however, that you can only do this from the web. You will not be able to delete your PayPal account from the Android or iOS process for deleting your PayPal account is the same regardless of whether you have a personal or business account. If you have a business account, it’s also possible to downgrade to a personal account, but you’ll have to contact customer service to do to delete a PayPal account:
Log into your account on
Hover your cursor over your account name on the top-right corner.
Select Account Settings.
Go into the Account Preferences option on the left column.
Click Close account next to the Account type info.
If requested, enter your bank account information.
Click Close account.
Once finished, your account will be closed and everything associated with it permanently deleted.
Read more: Can you use PayPal on Amazon?
Do you still need help with your PayPal problem? Connect one-on-one with a PayPal expert through JustAnswer, an Android Authority partner.
How to Permanently Delete a PayPal Account: Step-By-Step | Cake Blog
Cake values integrity and transparency. We follow a strict editorial process to provide you with the best content possible. We also may earn commission from purchases made through affiliate links. As an Amazon Associate, we earn from qualifying purchases. Learn more in our affiliate naging someone’s digital assets after death can be challenging. You might have a lengthy list of projects—photos to download, social media accounts to manage, and bank information to confirm. The list of things to close can seem daunting.
Jump ahead to these sections:
How to Permanently Delete Your PayPal Account
How to Permanently Delete a PayPal Account for a Deceased Loved One
Deleting a PayPal Account: FAQs
If your loved one regularly shopped online they also probably had an account with an online payment platform. One of the most popular is PayPal. If you or your loved one had a PayPal account it should be closed after their death to prevent fraudulent activity.
Accounts like these are often targeted by identity thieves. And if they start using the information of your deceased relative or friend, it can be difficult to stop them.
PayPal makes it very easy to delete your account.
Tip: Ensure that your digital assets are taken care of according to your wishes by making a will. You can easily create one from home with an online will maker like Trust & Will.
Log in
Log into your account with your password, and the email address associated with it. Then, click Settings. This will lead you to Account Options.
Enter your bank number
Under the Account Options section, click Close Your Account. PayPal might ask you for a bank account number, to confirm your identity. Once you’ve put your information in, click Close Account.
Unless there is an outstanding issue, PayPal closes accounts immediately once the delete request has been made. Make sure closing your PayPal account is what you want to do because you will not be able to reactivate it even if you change your mind.
Deleting someone else’s account is a little more challenging than deleting your own. In our post-loss checklist, we highly recommend you take the time to delete your loved one’s accounts. This is especially true for financial accounts like PayPal that hold sensative financial information.
Tip: You can continue a loved one’s digital legacy with a virtual memorial on a platform like GatheringUs. They even have specialists who can guide and support you through the planning process.
Find the executor or administrator
PayPal has a strict policy on closing the account of a deceased loved one. They’ll only follow the instructions provided by the executor or administrator of the deceased. If you’re not the executor, you’ll need to find out who is.
That person will need to provide the necessary information to PayPal.
Collect your documents
PayPal requires that certain documents be faxed or mailed to them. You’ll need a copy of your loved one’s death certificate. And, a copy of a government-issued photo ID. PayPal requires the person requesting the account’s closure to also submit identification. This could be your driver’s license, passport, or any other state-issued ID.
You’ll also need a copy of your loved one’s will. The purpose of this document is to prove you are the executor of your loved one’s estate. You’ll need to prepare a cover sheet for all these documents. This can be a very basic letter. You just need to identify the account by the email address associated with it and request its deletion.
Send your documents
This can be done in two ways. You can fax it to PayPal’s department at 303-395-2803. Or, you can mail it to their address in Omaha. This address is POB 45950, ATTN: ICA, Omaha NE, 68145.
Once PayPal receives these documents, they will review them. If your claim is valid, they’ll close the account. Keep in mind that you should only send copies of your documents. PayPal destroys these documents once a decision has been made, so do not send originals to them.
Reclaiming money
What if there’s still money left in the account—how are you supposed to get it back? If PayPal finds your account closure claim to be valid, they’ll disburse the money. They do this in one of two ways. They might write a check in the name of your deceased loved one. Or they might transfer the money.
The leftover money will be moved to the bank that was connected to the PayPal account. This means you’ll want to close out your loved one’s PayPal account before you close out their bank accounts.
What if you don’t want to close an account? If you’re hoping to do something different, PayPal has many options. No matter what you want to do, some of the more frequently asked questions are answered below.
How do you delete a PayPal business account?
There are two ways to accomplish this. Consider whether you want to keep a personal account, or whether you want to close the entire thing. If you’d rather switch from a business account to a personal one, that’s simple. Just call PayPal’s customer support team. They’ll easily downgrade your business account.
You might want to delete the entire account, though. To do that, log in to your account. Then, click on your Business Profile icon. It’s located next to the Log Out option. Click Profile and Settings. You can navigate your way to Profile and Settings, then My Settings.
Click ‘Close account. ’ You’ll need to have your bank account number on hand for this part. That prevents hackers from fraudulently closing your account. Then, click ‘Close Account’ again. After that, you’re done!
Can you delete a PayPal account without logging in?
In short, no. It’s meant to serve as a safety measure to protect your account. So you have to log in to delete an account.
If you’re struggling to log in to your loved one’s account try to find out if they had a password manager. This might cut down the time spent searching.
How do you delete a bank account from PayPal?
Once you log into your account, there’s a list of options. Click on Wallet. This will bring you to the list of banks connected with your account.
Once you’re on this screen, click on the bank you want to take off. Click Remove bank and that account will be removed.
Why can’t I close my PayPal account?
For major platforms, deactivation is a great option. That freezes the account or renders it invisible. That way, you don’t have to worry about funds being used. For PayPal, that’s never been an option. A PayPal account is either active or deleted entirely.
For those reasons, deleting an account is an all-or-nothing choice. But what if PayPal won’t let you close it? There are usually a few specific reasons for it. Check to make sure there are no unresolved issues with the account. Whether it’s a disputed claim or fraud charges, the account will remain open till that’s solved. If there are pending funds or a PayPal balance, the account will also stay open.
Once you move the money out of the account, or the issues are solved, the account can be closed.
Start Planning
When you’re making a list it can be hard to remember everything. Especially when it comes to your online accounts. Consider trying to start end-of-life planning well in advance.
Doing so can help minimize the chance that something will slip through the cracks. And with bank information and financials, you don’t want that to happen. Whatever you can do ahead of time to help make this process easier for your family will be appreciated. It’ll make things a little less stressful during a difficult time.
If you’re looking to get rid of more financial or digital accounts, check out our guide to finding what websites you have accounts with, how to delete yourself from the internet, and how to delete your Venmo account.
Frequently Asked Questions about how to cancel my paypal account
How do I permanently delete my PayPal account?
How to delete a PayPal account:Log into your account on PayPal.com.Hover your cursor over your account name on the top-right corner.Select Account Settings.Go into the Account Preferences option on the left column.Click Close account next to the Account type info.If requested, enter your bank account information.More items…
How do I delete my PayPal account without logging in?
Can you delete a PayPal account without logging in? In short, no. It’s meant to serve as a safety measure to protect your account. So you have to log in to delete an account.Jun 8, 2021
How do I unsubscribe from PayPal?
How to unsubscribeLog in to your PayPal account.Click the Profile subtab.Click the Notifications link under Account Information.Uncheck the notifications you don’t want to receive.
