How to Cancel Your PayPal Account
Ensure all transactions are settled
Check your PayPal balance for any pending payments, disputes in progress, or open cases. Allow all funds to disburse before closing.
Transfer your balance
Withdraw any remaining balance from your PayPal Business account to your bank account before initiating closure.
Cancel recurring transactions
If you have recurring billing or subscription payments set up in PayPal, migrate these to your new processor first.
Close your PayPal Business account
In the PayPal app or web: Settings > Account > Account Type > Close Account. You must have a zero balance to close.
What to Expect During the Transition
PayPal account closure is straightforward once your balance is zero and disputes are resolved. Because PayPal is often used as a checkout option (not just processing), some businesses keep PayPal as a customer-facing option while switching their primary card processing to Liberty Bancard.
Timeline
Day 1–2: Application and PayPal statement review. Day 2–3: Approval. Day 3–5: Equipment and account setup. Day 5: Live on Liberty Bancard.
How Liberty Bancard Handles the Switch for You
Liberty Bancard sets up your primary card processing account — in-person terminals, and if needed, online gateway connections. You can continue to offer PayPal as a supplementary checkout option for customers who prefer it while using Liberty Bancard for all traditional card processing.
What You Need to Get Started
- Last 3 months of PayPal transaction reports
- Business bank account information
- Business documentation for underwriting
- Physical address for terminal delivery (if in-person)
- Social Security Number or EIN
Ready to Start?
Upload your PayPal statement and we'll handle the rest — statement review, application, underwriting, equipment, and go-live support. Most merchants are fully live within a week.
Upload Your Statement to Start See Liberty Bancard vs PayPal