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How to delete a Paypal account in a few steps

PayPal It is one of the most used electronic wallets in the world, that is why delete paypal account It is a process that must be done with great care to prevent our savings from being irremediably lost.

Consequences of deleting your Paypal account

You have to take into account all these things when making your decision in order to plan correctly:

  • You will not be able to go back, since the account is not temporarily deactivated but it is deleted, I cannot access it.
  • If you have scheduled payments or transactions that haven’t been completed, they will be cancelled.
  • In case you have a limited account or with some open dispute, you will not be able to delete it.
  • You will need to withdraw your entire balance before proceeding to delete your account.
  • You will also need to have an active email address before asking to be removed.

How to transfer your PayPal balance

  1. You will need to login from Paypal with your email and password.
  2. Follow this route; Send and request > Send> Send money
  3. On the right side you will see several options, and you can even collect it in cash thanks to the Xoom alliance with Paypal.
  4. Depending on the option you have chosen, enter the bank account or personal data to pick it up at the window.
  5. Another way is, if you already have an activated bank account, go to My Wallet > Transfer money> Transfer to bank account
  6. After a few days you will receive your money in the bank. Remember this before closing the account to avoid problems.

Delete your Paypal account

Now you are ready to delete your Paypal account, proceed as follows:

  1. Once logged in, go to Settingson the gear wheel as shown in the image.
  2. Click on Close account On the left side.
  3. If you don’t have any pending transactions you should get a message like that. Click on «Close account” to confirm.
  4. From that moment your account will be completely removed from Paypal’s servers.

How to close a company account in Paypal

If you have a Business or corporate PayPal account, you must take one more step if you want to permanently delete your account:

  1. go to Settings > Account Options > Account Type.
  2. On the right side, tap close account.