PayPal, officially known as PayPal Holdings Inc., is one of the most popular companies in the world. It operates a powerful global online payment system. It is a free payment platform or financial service that enables online payments, which is why it has become the preferred method for making cross-border payments. It is a fast and secure way to transfer or receive money through an online account. PayPal can be used for both personal and business purposes as it allows you to pay for products and even open a merchant account. However, there are several reasons why someone might want to uninstall it. Closing a PayPal account is a simple process that can be completed in a matter of minutes. However, you should ensure that you have a viable financial alternative ready for your remaining funds. We offer a perfect guide that will teach you how to delete a PayPal Personal or Business account via your PC or mobile phone.
How to Delete a PayPal Account: Personal and Business
Once you cancel your PayPal account, you can't recover it. However, you can open a new account with the same email address. However, there are a few things you should know before deactivating or terminating your PayPal account.
- Everything connected to your previous account will be permanently deleted, including your transaction history. Therefore, make sure to back up your account before deleting it.
- Withdraw any remaining funds from your account. You can do this by transferring the funds to another PayPal account, a bank account, or by requesting a PayPal check. Of course, you can choose to use the remaining amount to make online purchases or donate it to a good cause.
- If you have any outstanding credit on PayPal, you won't be able to terminate your account until you pay it off. The same applies to any pending payments or other unresolved issues with your account. You may need to contact customer service to resolve the same.
- If you want to close your PayPal account, you'll also need a laptop or computer to access it online. You can't delete it using the PayPal mobile app for Android or iOS.
Why should you consider closing your PayPal account?
PayPal accounts are cancelled for a variety of reasons. However, before you decide to close your PayPal account, keep in mind that there are no fees for keeping it open. Therefore, if you may need to use it later, there's no need to close it. Reasons why users may delete their PayPal accounts can include:
- The user may be able to get any new payment gateway at a lower cost.
- It is conceivable that an individual would use a different email address to create a new account.
- A user may have a business account that is no longer used for commerce.
- The user's account has been hacked and they want to delete it for security reasons.
Pro tip: It is also possible to downgrade from a business account to a personal account, but you must contact customer support to do so.
Although deleting your account is irreversible, the entire process only takes a few minutes. Follow the steps below to close your PayPal account.
Method 1: How to Delete PayPal Account on Computer
The procedure for closing a personal account and a corporate account is slightly different, as explained below.
Method 1a: For personal account
Here's how to delete your personal PayPal account:
1. Go to Studyshoot Platform PayPal on the web And do itLogin Using your login credentials.
2. Click on the menu. Settings in the upper right corner.
Note: You will be asked to enter your password to confirm.
3. Scroll down and click the button. Close your account on the left side.
4. Finally click on the “Account closing".
Note: If prompted, provide your banking and personal information, as requested.
Method 1b: For Business Account
Here's how to delete your PayPal Business account:
1. Go to Studyshoot Platform PayPal on the web And log in to your account.
2. Click here on the icon Settings As shown.
3. Then click on “Account settingsIn the right pane.
4. Click Account closing Account Type: Business, as shown.
5. Click “NextTo conduct a quick security check.
Note: You must enter the security code sent to your email ID or mobile number as specified by you.
6. Finally, click the button. Account closing.
Method 2: How to Delete PayPal Mobile Account on Smartphone
Since you can't delete your account using the PayPal mobile app, you'll need to use a web browser instead. Here's how to delete your PayPal mobile account:
1. Open Browser Your mobile phone, for example Chrome.
2. Go to Studyshoot Platform PayPal the official.
3. Press Login from the upper right corner.
4. Enter your registered email or mobile phone number and click on Next.
5. Enter Password To your PayPal account, click the Sign In button.
6. Complete the challenge Security By checking the box next to I am not robot.
7. Then click on the icon hamburger In the upper left corner, as shown.
8. Click on the icon Settings.
9. Click on Close Shown next to close your account, as shown.
10. Next, click on “Account closing" For confirmation.
Frequently asked questions (FAQs)
Q1. Is it possible to close an account and then re-register with the same email address?
Answer: Yes, you can use an email address you previously used for a closed PayPal account. However, any previous information cannot be retrieved.
Q2. Is it possible to close my PayPal account over the phone?
The answer is: Yes, it is. You can choose any of these options:
Follow the steps outlined under How to delete a PayPal mobile account to do this.
Or, callCall Center They will guide you through the cancellation or deletion procedures.
Q3. Will I get my money back if I close my account?
Answer: We recommend that you withdraw the remaining funds from your account before deleting or closing it. You can do this by transferring the funds to another PayPal account, a bank account, or by requesting a check from PayPal.
We hope you learned how to delete your PayPal account, whether personal or business, on your PC or mobile device. Additionally, we've tried to include all the relevant facts and points you should keep in mind when deleting your PayPal account. If you have any concerns or questions, please leave them in the comments section below.
