Ways to Close A PayPal Account

 Do you want to close your PayPal account? If yes, you will know everything about how to close a PayPal account, from this blog. Using a PayPal merchant account can be very beneficial. They are a useful and easier way to send money to family abroad or pay for things online. You can even set up a PayPal merchant account for your business so your clients can pay you. But, if for any reason, you find you no one wants your PayPal account, closing it down is a quick and stress-free process. This can be in just a few times. You will read on to find out how to close a PayPal account.



What Might You Want To Close Your PayPal Account?


The best news is even an unused PayPal account that does not cost any money to maintain. However, if you are not planning to use your PayPal account again, it can be a good idea to delete it. PayPal is secure, but any place on the web where your financial and personal details are listed can be breached. That is the reason some people close their PayPal account for safety reasons. The business users want to close a PayPal account that was opened for a business that is no longer trading. Users may also select to close their PayPal account. This is because they have switched to an alternative payment gateway. In case any of these reasons apply to you, you would like to know about ways to close your PayPal account. In the next paragraph, we will discuss how to close a PayPal account.

How To Close A PayPal Account?

Once you have saved a copy of your transaction history, fixed any unresolved concerns tied to your account, and gathered the entirety of your PayPal balance, it is time to begin the process of closing your PayPal account. Even though closing your PayPal account is permanent, the full procedure takes just a few minutes. 

The process you will need to follow is a little bit separate for the personal account and the merchant account. Given below are some instructions on how to close a PayPal account.

Business Account:

How To Close Your PayPal Business Account?

If you choose the best payment service provider like 5-star processing, you can easily be able to close your PayPal account with these below simple steps.

  • Make sure you have copied your history of the transaction if you require it
  • Be sure you have emptied your PayPal balance
  • Log in to your PayPal account after that, click on the profile button and then on the logout option
  • Click on the profile and setting button
  • Click on account settings
  • At the top of the account setting page, there is a line for the account type. There is a button to close the account to the right in this line, next to the Account type.
  • You have to click the button of Close Account if you want to delete your PayPal account.

What Occurs If You Close A PayPal Account?

You will not be capable to access it again if you have closed your PayPal account. Your history of transactions with PayPal will not be lost. Any not paid money requests are directly canceled. Future online payments cannot be made by using a deleted PayPal account. You also lose unused redemption coupons or codes.

Final Points To Remember:

Conclusively, a PayPal account is easy to set up, fast to make international payments, and just as easy to close. If you think you will not ever use the PayPal account again, it can be worth closing for safety reasons. But remember, prior to trying to close your PayPal account, be sure you eradicate any issues on the account and receive all of your money. You can also take guidance from an experienced provider like 5-star processing. Moreover, once the PayPal account is closed, it is permanently deleted and you will not able to access any account details. 

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