PayPal is a Web-based business that allows users to send and receive payment online without giving out bank account or credit card information to any entities other than PayPal. Many online retailers and businesses, such as eBay and Overstock, accept PayPal as a method of payment. PayPal also offers a debit card that can be used with online retailers that do not accept PayPal or at local businesses. You may close your PayPal account if it does not have funds or if there are unresolved issues.
Log in to PayPal.
Click the "My Account" button and choose “Profile.”
Choose "My Settings" from the menu on the left.
Click on the “Close Account” link under the “Account Type” section at the top. Confirm your identity by entering a card or account number that is linked to your account. You will not be allowed to close the account without this information.
Confirm the deletion of your account on the next page. You will not be able to reinstate your account once it is deleted.