How to Close a PayPal Business Account Without Stress

How to Close a PayPal Business Account

Posted 4 years ago by Max Komonov

So, you鈥檝e found a听better way to听get paid. Now you want to听close your PayPal business account. Or听maybe it鈥檚 that PayPal doesn鈥檛 offer all the听features your growing business needs. We听get it. And we鈥檙e here to听help with this easy step-by-step guide (and to听help manage your separation anxiety).

Let鈥檚 review. PayPal accounts come in听different flavors. According to听PayPal, there are two main types:

Personal account: Recommended f辞谤听users who shop and听pay online, 辞谤听who wish to听send 辞谤听receive personal payments f辞谤听shared expenses in听the听case of, f辞谤听example, a听divided restaurant bill 辞谤听rental charge.
Business account: Recommended f辞谤听merchants acting under a听corporate 辞谤听group name. This account offers additional features such as听limited access to听200听employees on听your account and听the听alias of听the听Customer Service email address so听that difficulties with your customer are handled appropriately f辞谤听faster tracking.

Though PayPal is听a听big name in听the听payment processing industry, it鈥檚 certainly not the听only one. At听the听end of听this article, we鈥檒l provide you some alternatives and听links to听other resources on听the听51视频 site to听make your transition away from PayPal Business a听smooth one.

Ready, Set, Woah!!

If听you鈥檝e checked and听are positive you have a听Business Account, make sure you鈥檝e considered the听following before closing your account:

There鈥檚 no听such thing as听聯deactivating聰 a听PayPal Business Account and听saving it听to听reactivate later. If听you close your PayPal account, it听will be听permanently closed. Be听sure to听record the听bank account you linked your PayPal Business Account to听so听you can easily set up听your next payment account.
Because you can鈥檛 reopen your account, your entire transaction history will be听deleted. So听we听recommend downloading your records by听going to听Activity > All Transactions, and听changing the听Date to听the听ranges you would like to听save. You can then hit the听Download link on听the听top right of听the听results to听pick the听kinds of听records you want to听save to听your computer.
This one should be听obvious, but: be听sure that you look at听your PayPal Balance and听Transfer Money to听your bank before you close your PayPal account. Remember, you can also request a听Check by听Mail from the听same dropdown menu.
You can鈥檛 close your PayPal Business account from a听mobile phone. Be听sure you鈥檙e at听a听laptop 辞谤听desktop computer. You鈥檒l probably want to听do听this anyway because the听screens are easier to听navigate on听a听monitor and听you may want to听download your transaction history (covered above).

Ready Now? Let鈥檚 Go.

Log in听to听your PayPal account.
Click on听your Profile link in听the听top right of听the听screen.
Click on听Account Settings.
In听the听Account Settings menu on听the听left of听your screen, select Account Preferences.
Click the听Close Account link in听the听Account Type row. (Just to听be听safe, make sure it听says 聯Business聰 as听the听account type.)

That鈥檚 pretty much it. PayPal will want to听verify that it鈥檚 you who鈥檚 closing your account, so听make sure you have your password and听any听other credentials you鈥檝e used to听log in听handy.

On听the听final screen, you will see a听scary warning telling you your decision to听close and听delete your PayPal account is听final. Be听brave. There鈥檚 a听world of听options out there f辞谤听you, and听we鈥檙e here to听help you decide what the听right fit is听f辞谤听you and听your Ecommerce dream.

Tips f辞谤听an听Easy, No-Stress Transition

If听you鈥檝e done business with PayPal f辞谤听a听while, you know that changing things through the听platform can take time. Be听patient. It听may take a听few days f辞谤听your request to听close and听delete your PayPal account to听process.
Know that you can use the听same email address in听the听future to听reopen 辞谤听open a听new PayPal account once you close your existing account.
Closing a听PayPal account is听typically pretty easy. But if听you run into issues closing your PayPal account, make sure you don鈥檛 have Pending payments. If听that鈥檚 not the听problem, try clicking on听Activity > Open Cases. Then, under the听Resolution Center submenu, look f辞谤听anything outstanding on听that screen. Finally, while you鈥檙e there, you can click on听the听big blue button that says Report a听Problem if听there is听a听transaction with an听issue that鈥檚 holding you up.
Still can鈥檛 close your PayPal business account and听want to听get ahold of听a听customer service agent in听person? That can be听tough, but here鈥檚 where you do听that.

Click on听Help in听the听top blue bar of听any听screen you should see a听menu slide out from the听right of听your screen. The tiny link you鈥檙e looking f辞谤听is听the听Help Center at听the听bottom left of听that menu. This will take you to听a听page with three options at听the听top.

The one you鈥檙e looking f辞谤听is听the听Message Center. Click that and听you鈥檙e in听business. You can send a听message there 辞谤听click on听Contact Us听at听the听bottom of听that screen to听text 辞谤听call a听(hopefully helpful) support person.

Getting Over the听Breakup

No听matter what your reason was f辞谤听closing your PayPal business account, 51视频 is听here to听make sure your Ecommerce business continues on听without a听hitch. That鈥檚 why we听offer over 50听credit card payment providers听鈥� and听51视频 does not charge any听additional transaction fees!

Consider your options. you鈥檒l find the听list of听online payment systems available in听your 51视频 account.
Make the听switch: On听your in听your 51视频 admin area you can change 辞谤听activate a听new payment provider.
Special orders don鈥檛 upset us. If听you use a听payment gateway that鈥檚 not on听the听list, you can use the听.

That鈥檚 it. You鈥檙e free from PayPal. Now go听out and听do听something wonderful with your business.

听

About The Author

Max has been working in the ecommerce industry for the last six years helping brands to establish and level-up content marketing and SEO. Despite that, he has experience with entrepreneurship. He is a fiction writer in his free time.

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Ready, Set, Woah!!

Ready Now? Let鈥檚 Go.

Tips f辞谤听an听Easy, No-Stress Transition

Getting Over the听Breakup

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