PayPal lets you send and receive payments online. The personal accounts provide payment options for goods on eBay and other online sites. Merchant accounts let you receive payments for goods and services online in a convenient manner. Closing your PayPal account is a quick procedure. You won't be able to close your account if you have any limitations, unresolved issues or a balance. Closing your account is permanent, PayPal can't reopen the same account again later.
Open your preferred Web browser and go to PayPal.com. Log on to your profile.
Verify that you don't have a balance or any issues that would prevent the account from closing. Transfer any balance to your bank account before proceeding.
Click the "Profile" link at the top right corner of the page. Click the "Close Account" link and follow the instructions provided.