
No – once you delete your account, it’s gone for good. 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. PayPal will cancel unpaid requests for money upon account deletion, and the user will also lose access to coupons and codes from PayPal. Make sure to withdraw all the money remaining in your PayPal account before you close it, so you don’t lose funds. What happens when you delete your PayPal account? PayPal needs to review a sudden change in what or how much you sell.There’s a high number of buyer claims and chargebacks on your account.You’re not following PayPal’s Acceptable Use Policy.You failed to comply with regulatory requirements, like providing proper documentation.An unauthorized person is using your account.PayPal also sometimes places limitations on accounts if they detect suspicious activity, rendering a user unable to delete their account.Ĭommon reasons for limitations placed on accounts: PayPal warns you won’t be able to delete your account if there are unresolved issues or a balance. If you’re having trouble deleting your account, it may be because there are some loose ends you need to tie up.
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The company’s shares were down nearly 6% after the new policy, Reuters reported. 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.
