How to close PayPal Business Account?

PayPal business accounts are great and easy to make, mostly free, and can be used to make a quick transaction. With this account, you can send money to your family member who is sitting abroad or pay for things online. You can even set up an account for your business so that your clients or customers can pay you online. If for whatever reason, you find that you no longer need to have a PayPal account, closing it down is an easy and hassle-free process that can be completed in just a few minutes. 

Things that one need to check before deleting your PayPal account

Things that one need to check before deleting your PayPal account are such as –

  • Pay off balances – Before starting the deletion process, you need to complete or resolve any pending payments or issues identified with your account. If there are any unauthorized transactions, you need to contact customer service for the same.
  • Withdraw money – You will not be allowed to close your PayPal account if you still have money in your PayPal account. SO, you first need to transfer your PayPal balance to any bank account or any other PayPal account.
  • Creating a copy of your transaction history – You need to keep in mind that once the PayPal account is closed, then all the transaction history is gone forever. Therefore you must keep a record of all the transactions in case you need them in the future.
  • Now the question arises how to close PayPal Business Account? To close the PayPal business account, one needs to follow these steps such as –
  • Make sure that you have copied all your transactions if you need them in the future.
  • Make sure that you do not have any unresolved issues tied to your account.
  • Transfer all of your PayPal account balance to any other account before deleting it.
  • You need to log in to your PayPal account on a web browser on a personal computer or laptop.
  • Once you have logged in to your PayPal account, you need to click on the profile button and then need to click on the logout option.
  • Now click on the profile and setting button and then further click on account settings.
  • At the top of the account settings page, there is a line for the account type. On the right of this line, there is a close account button, next to account type. Click on this close button to delete your PayPal business account.

Wrapping Up 

These are some of the steps by the benefit of which one can close your PayPal business account.

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