How to delete your PayPal account permanently, and what to keep in mind before you doPayPal’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.Elon Musk, several Republican figureheads and former PayPal President David Marcus were among the critical voices on Twitter.To delete your account from desktop:- Click “Settings” next to “Log out”- Find “Account options” and select “Close your account”- Enter your bank account if requested- Click “Close Account”To delete your account from the PayPal app on your mobile phone:- Click on the profile icon in the top left corner- Scroll down and find “Close your account”- Click “Close Account”Fraud reports up:Scam cases increasing on Zelle, Senate report findsPhone call scams:How to avoid scammers and get debt relief safelyWhy can’t I delete my PayPal account?Common reasons for limitations placed on accounts:- An unauthorized person is using your account- You failed to comply with regulatory requirements, like providing proper documentation- You’re not following PayPal’s Acceptable Use Policy- There’s a high number of buyer claims and chargebacks on your account- PayPal needs to review a sudden change in what or how much you sellWhat happens when you delete your PayPal account?Make sure to withdraw all the money remaining in your PayPal account before you close it, so you don’t lose funds."