I hate Paypal and have too many friends who have had their money frozen or accounts frozen, never then able to get their balance out. I want to just close mine up completely, but, predictably, they make it hard to figure out how to do so. Dave, how the heck do you close your Paypal account?
I’m surprised to read of your intense dislike for Paypal, actually. I have always found it a superior way to transact online business and have completed hundreds of transactions without a glitch. Heck, I remember visiting their predecessor X.com years and years ago, being amazed at how much they all worked, and the delighted when X.com and Paypal.com merged and then were bought by behemoth eBay (Nasdaq:EBAY). But that’s another story…
I didn’t find it difficult at all to figure out how to close a Paypal account. In fact, if you’re logged into your account, click on “Help” and type in “close account” you’ll find concise instructions on exactly how to proceed.
To close your account, start by clicking on the My Account tab, then the Profile subtab:
On the left side you’ll see a list under the header “Account Information”, the very last of which is Close Account. Click on that and it’ll ask you to verify your account in some manner or other, probably by confirming the credit card number you used when you first signed up for the account.
Enter that correctly, confirm that’s exactly what you want to do, and you’ve just canceled your account. The remaining balance will be mailed to you as a physical check to the address you have specified in the account.
Good luck to you!