How can I cancel my PayPal account? – [Answer] 2022

Answer

1. Click the Settings icon next to “Log out.”
2. Click Close your account under “Account options.”
3. Enter your bank account number if requested.
4. Click Close Account.

How To Permanently Close Paypal Account

If you want to close your PayPal account, log in and navigate to PayPal’s “Profile” tab. Here, scroll down the page until you see a section called “Close Account” — then click on the drop-down menu that says “Close Account.” You should find different reasons why you closed your account like:

Once you have found why you want to close your account, just fill out the box next to it with an explanation of why you are canceling and then click “Next Step”. Then another box will appear asking for any information or further explanation as to why you are closing your account. You will need to fill that box out as well and then click “Next Step.” On the next page, PayPal will ask for any further information it needs in order to close your account. Again, fill this form out completely and then click “Submit.” Your account will be canceled after a few days of processing.

If you want to close/cancel your PayPal Debit Card log into your account at www.paypal.com and navigate over to the Profile section which is located on the left side of the screen under My Account near where it says:

Once you are in your profile page, scroll down to the bottom of the screen until you see where is it says “Debit/Credit Card” then click on that title. This will bring up a drop-down menu; choose “Close Account,” this will bring up another box to fill out and then select if you would like for PayPal to destroy your card or return it to you. Please note that paying off any balance owed on your debit card is not necessary before requesting cancellation.

How to Delete PayPal Account

Once you have filled out the information, click “Request Card Destruction.” PayPal will destroy your card approximately two weeks after the request date.

How can I cancel my credit or debit card?

If you want to close/cancel your credit card with PayPal, log in and navigate over to the Profile section which is located on the left side of the screen under My Account near where it says: Once you are in your profile page, scroll down to the bottom of the screen until you see where is it says “Credit Cards” then click on that title. This will bring up a drop-down menu; choose “Close Account,” this will bring up another box to fill out and then select if you would like for PayPal to cancel immediately or return your card. Please note that you can only use this option if you have a balance.

If I close my account, will PayPal refund my money?

PayPal will return all of the funds in your account to the payment method used at registration. If you had multiple payment methods registered, it will choose one randomly for early closure refunds. If there is an outstanding transaction on your PayPal account, any remaining amount from those transactions may not be immediately credited to your original payment method. In fact, it may take several hours or even days before the remainder of your accounts are returned into your initial funding source as PayPal has an internal process (also known as “resolving” or “clearing”) that they must go through first before sending money to your preferred funding source.

There are several different ways to close an account: Be sure that you have transferred all of the money out of your account into another bank account before attempting to close it. If you do not, PayPal will get back any remaining funds after processing fees and may not give a full refund for those remaining funds. What if I want to keep my PayPal credit balance? Can I transfer this amount from one card or bank account to another? Unfortunately, no. You cannot transfer funds from one card or bank account to another once these accounts have been linked to a PayPal account. There is no way for us to move money directly from one payment method (whether credit card, debit card, checking account, etc.) into another payment method. If a refund is being processed, there is a possibility you may be able to get your money back in the way of an ACH transfer. It’s also possible that PayPal will hold your funds until we have received item(s) or service(s). To learn more, go to section 3.3 for more information about our ability to hold funds on your behalf .

If I close my account and request a refund will I be charged fees? Yes, closing your account will result in the following fees: Currency Withdrawal Fee Refund Fee Personal Accounts US Dollar $1 Domestic Wire (Domestic (USA), includes withdrawals sent via SWIFT and Transfers Sent) $25 $5 International Wire (Includes withdrawals sent via SWIFT or Transfers Sent) $30 International bank wire (includes withdrawals sent via SWIFT) varies 3% of the withdrawal amount Personal Account Plus and Premier Accounts US Dollar $1 Domestic Wire (Domestic (USA), includes withdrawals sent via SWIFT and Transfers Sent) N/A 0.50% of the withdrawal amount International Wire (Includes withdrawals sent via SWIFT or Transfers Sent) $30 International bank wire (includes withdrawals sent via SWIFT) varies 2% of the withdrawal amount Business Accounts US Dollar $1 Domestic Wire (Domestic, to include small business accounts that received a PayPal refund in any one transaction; excludes payments made with Virtual Terminal but includes those made at a retail point-of-sale terminal) $35 $5 International Wire (Includes withdrawals sent via SWIFT or Transfers Sent) $30 International bank wire (includes withdrawals sent via SWIFT) varies 3% of the withdrawal amount

What kind of fees will I have to pay if my money is in a PayPal account?  Withdrawal Fees: If you withdraw your money back out to a debit card, credit card or bank account through an ACH transfer, it is free. Otherwise, there are fees that you may be charged depending on the method by which you are withdrawing funds. You can view those fees here . Account Maintenance Fee: If your account balance is below USD$10 for 180 days , then we charge an annual fee at 4% per year on the total of your balance below $10. Otherwise there is a monthly fee of 1% per month on the total of your balance below $10. We round up any fraction to the next whole number when calculating fees and charges.

Personal Information Fee: There is a monthly fee for accounts that have not received customer initiated transactions for two consecutive calendar months . This applies to all Personal, Premier and Business Accounts even if you have used PayPal as an instant transfer method in the past or currently use Instant Transfer or Payouts. Please note this fee is only for Personal, Premier and Business Accounts which do not receive funding from customers through payouts/instant transfers. If you are using Payflow Pro , then this does not apply to you . ACH Return Fee: $10 NACHA fee + $0.06 USD Return Fee.

*For more information about these fees, please go to section 13 of our User Agreement . What other fees will I be charged? Fees vary depending on the type of account you have (Personal or Business) and the payment method used. For a detailed breakdown of all our additional service fees, please click here . If I use PayPal to purchase an item online, do I pay any transaction fees? No. Unlike echeck transactions that involve withdrawals from your bank account, there is no charge for purchasing goods or services through PayPal as long as you use one of the supported currency options when sending money with your credit card/debit card/bank account etc.