Quick Answer: What Happens If PayPal Closes Your Account?

Can PayPal legally hold my money?

Based on my experience with PayPal, the answer is generally yes; they can hold your funds.

PayPal is subject to US anti-money laundering rules and, as such, is obligated to ensure that it screens payments for suspicious activity and can hold….

Why would PayPal shut down my account?

Operations from a device/IP address that was reported as fraud — apparently PayPal closes an account if access comes from devices/IP addresses that have been reported or linked to fraud.

Is PayPal safe?

Yes, we keep all your information safe. When you send a payment using PayPal, the recipient won’t receive sensitive financial information like your credit card or bank account number. This way, you don’t have to worry about paying people you don’t know.

How do I know if my PayPal account is closed?

Confirm that PayPal has closed your account by reviewing the message you get. If the account has really been closed, you should get this error message from PayPal, “We couldn’t find your email address. Please try again or select I don’t know what email address I used.” There is no need to worry.

Can a closed PayPal account be reopened?

Once you close your PayPal account, it cannot be reopened. You can open a new account, but it won’t include your previous transaction history.

How do I permanently delete my PayPal account?

How to close and permanently delete a PayPal accountLog into your account on PayPal.com.Click the Settings icon in the top right.Under Account Options, click Close your account.If requested, enter your bank account information.Click Close account.

Can I fake my age on PayPal?

If you lied about your age to get the PayPal account, you may be held liable for the balance and even face criminal charges. … In a letter, state that you were under 18 when you opened the PayPal account and that no adult was or is associated with it.

Can PayPal report to police?

Yes, but only in cases where the user committed fraud. Let’s say that a user was able to link a bank account or credit card from someone else then PayPal would disclose the details of that PayPal account to the police. … In this case, PayPal would also reveal the details of that bank account to the police.

Can PayPal freeze your bank account?

Legally, they can’t. The only thing they can do is freeze/block your PayPal account for suspicious activity. Only your bank can freeze your account, if their system finds something wrong!

Will PayPal release funds after 21 days?

Because PayPal won’t release the payment hold until the buyer rates and reviews you, this may be the best way to ensure you get your money in a timely manner. If, however, the package is lost in the mail (or the buyer is unresponsive) PayPal will automatically release your payment hold after 21 days.

How do I force a PayPal account to close?

Delete Your AccountLog in to your PayPal account.Click the “Profile” link and click “My Settings” from the menu in the left column.Click “Close Account” in the Account Type section. … Select a reason that you want to close the account from the list provided. … Click the “Close Your Account” button.More items…

Can PayPal put me in jail?

Of course, that assumes that you have these things to begin with and with a bank account, you have to have more money in the account than whatever your personal exemption amount is (it varies by state). But they CANNOT put you in jail.

How long can PayPal hold your money?

21 daysHow long will PayPal hold your funds for? Your funds are usually held for up to of 21 days. However, there are several things you can do to expedite this timeline. You can also read our User Agreement for more information on other holds and reserves we may place on your account.

Can PayPal legally hold your money for 180 days?

They said that according to their rules (which can be found in the fine print), they can hold money up to 180 days to make sure that the buyer is not going to come back and ask for a refund. … PayPal states that they hold the money in case the buyer does a chargeback on their card.

Can I close my PayPal account with money in it?

You cannot close an account with funds. You cannot close an account which has pending or expected charges against it.