Paypal was a pioneer in the world of electronic payments over the internet and is currently one of the leading digital payments platforms. However, with the increase in market competition, a lot of alternatives to Paypal have popped up and if you’re looking to move to one that suits you better, you might want to close your Paypal account and in this article, we explain how to do that in two simple steps.
But before you close your account, ensure that you’ve withdrawn all the money from your Paypal account. If you haven’t, you can either transfer it to your bank account or request Paypal to send you a cheque, which will cost you $1.50.
Also, you can manually remove all the personal data, such as email addresses and phone numbers (especially unconfirmed ones) before closing your Paypal account.
If your account is facing some limitations, unresolved issues or a balance, you won’t be able to close your Paypal account.
Once you’ve closed your Paypal account, you can’t re-open it again. Any unused redemption codes or coupons that you might’ve acquired will be lost and unpaid money requests will be cancelled once your account is closed.
Also read: How to delete your Ola account permanently?
Permanently deleting your Paypal account
Go to the Paypal website, login to your account and follow the steps mentioned below to close your Paypal account permanently.
Step 1: Click on the Gear (Settings) icon at the top-right of the page, besides the Log Out button. On the Account page, scroll to the bottom and click on the Close your account link.
Step 2: On the next page, click on the Close Account button.
As mentioned before, once you’ve closed your Paypal account, you won’t be able to access it or any of the transaction details.
