If My Paypal Account Gets Shut Down Can It Be Opened Again
Updated on May 17, 2022
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PayPal accounts can be very useful. They are an piece of cake and costless way to transport money to family abroad or pay for things online. You can even fix an account for your business so your clients or customers can pay you.
If for whatever reason, you lot observe you no longer desire your PayPal business relationship, closing information technology down is a quick and hassle-free process that can exist completed in just a few minutes. Read on to find out how to shut a PayPal account.
How to Close Your PayPal Account
In one case you lot have saved a copy of your transaction history, fixed any unresolved issues tied to your account, and collected the entirety of your PayPal remainder, it is fourth dimension to offset the process of closing your PayPal account.
Even though closing your business relationship is permanent, the full procedure really takes just a few minutes. The process you'll need to follow is slightly unlike for a personal account and a business account.
How to Close Your PayPal Personal Account
Here is how to close your PayPal account:
- Log in to your PayPal account on a laptop or computer
- Click on the gear icon at the top correct of your screen (side by side to the Log Out selection) to access the Settings card
- If yous're not there past default, click the Account tab
- Click Close Your Account at the bottom of the folio
How to Shut Your PayPal Business Account:
If you have a business account, it is also possible to downgrade to a personal account, merely yous will have to contact customer service to do so. Utilize the following steps to close your downgrade your business concern account:
- Log in to your PayPal account on a web browser on a personal calculator or laptop
- Click the Profile button at the top right of your screen (next to the Log Out option)
- Click Profile and Settings button
- Click on Account Settings
- Click the Close Business relationship button (to the right of the Business relationship Type line)
Why You Might Want to Close Your PayPal Account
The good news is even an unused PayPal account doesn't price any coin to maintain. But if you lot're not planning to use your PayPal account again, information technology might be a expert idea to delete information technology. PayPal is secure, but whatever place on the web where your personal and financial details are listed can be breached. Deleting your details from places you no longer utilize decreases your risk of having this information breached.
Compromised Account
Some people shut their PayPal accounts because it has been compromised and they want to close it down for safety reasons. Business organization users may desire 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.
Different E-mail
Or mayhap you merely want to open a new PayPal account with a unlike email accost. If any of these reasons apply to you, you lot would want to know how to close a PayPal business relationship.
What to Know Before Closing Your Account
The nearly important thing to know earlier closing your PayPal business relationship is once it's closed, it will be permanently closed. You are not deactivating your PayPal account. Deactivating often means that an account can exist reactivated after if needed. This is not the case with a PayPal account. Once an business relationship has been deleted, it is permanently closed.
Everything Will Be Permanently Deleted
Considering yous are permanently closing your PayPal account, everything tied to your account will be permanently deleted. This means your transaction history volition exist lost. It might, therefore, be a good idea to screenshot, print out or otherwise save your transaction history if you lot think y'all will need it at a later engagement. Once the PayPal business relationship is closed, you will not be able to admission this information again, even if you open a new PayPal business relationship using the same email address.
Account Must Be Deleted from the Spider web
Also to close your PayPal account, y'all 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.
Yous Must Resolve All Account Issues
Before you try to close your PayPal account, make certain 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 client service. You volition not be able to shut a PayPal account if in that location are unresolved issues tied to your business relationship. Any unpaid coin requests volition also automatically be canceled.
Make Certain to Withdraw Your Balance
The last thing to do before closing your PayPal account is to withdraw or collect the entirety of your PayPal rest. Y'all can do this by spending your balance, or by transferring it to another PayPal or bank account. You lot can too request a check from PayPal, but you lot will have to pay a modest fee on this selection.
What Happens After Y'all Shut a PayPal Account?
Once you have closed your PayPal account, you lot will non be able to access it again. Your transaction history with PayPal will be lost. Whatsoever unpaid money requests are automatically canceled. Future online payments cannot be fabricated using a deleted PayPal account. You also lose unused redemption codes or coupons.
If you need to, y'all can create a new PayPal business relationship (you can even use the same e-mail address), but you will not be able to view any information from the previous account.
Read More
- How to Cancel a Paypal Payment
- How to Utilize PayPal
- How to Withdraw Money From PayPal
- How to Set a PayPal Account
- How to Add Coin to PayPal
- How Does PayPal Work?
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Source: https://www.stilt.com/blog/2021/03/how-to-close-a-paypal-account/
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