PayPal’s new policy came under fire on social media after the company updated it to include a $2,500 fine for expressing what it deems misinformation.
To delete your account from your desktop: Click “Settings” next to “Log out” Find “Account options” and select “Close your account” Enter your bank account if requested Click “Close Account” To delete your account from the PayPal app on your mobile phone: Click on the profile icon in the top left corner Scroll down and find “Close your account” Click “Close Account”
Why can’t I delete my PayPal account?
If you’re having trouble deleting your account, it may be because there are some loose ends you need to tie up. PayPal warns you won’t be able to delete your account if there are unresolved issues or a balance. – An unauthorized person is using your account – You failed to comply with regulatory requirements, like providing proper documentation – You’re not following PayPal’s Acceptable Use Policy – There’s a high number of buyer claims and chargebacks on your account – PayPal needs to review a sudden change in what or how much you sell
Make sure to withdraw all the money remaining in your PayPal account before you close it, so you don’t lose funds. PayPal will cancel unpaid requests for money upon account deletion, and the user will also lose access to coupons and codes from PayPal. You also won’t be able to use a PayPal Smart Connect account, the company’s in-house line of credit, after deleting your account.
No — once you delete your account, it’s gone for good. According to PayPal, you can open a new account, but it won’t include the same transaction history as your old account.