How to Cancel PayPal Credit: Step-by-Step Guide

What is PayPal Credit?

PayPal Credit is a convenient way to shop online and spread payments, It allows users to:

• Buy now, pay later: Spread the cost of purchases over time with flexible monthly payments.

• Special financing offers: Enjoy 0% interest for 4 months on purchases over £99 (when paid in full on time).

• Shop anywhere PayPal is accepted: Use PayPal Credit online at millions of retailers.

• Manage everything in one place: Track spending, payments, and offers directly in your PayPal account

Before You Cancel Your PayPal Credit Account

Before closing PayPal Credit, here are a few important things to check:

• Pay off your balance: You must clear any outstanding payments before your account can be closed.

• Update payment methods: If you’ve linked PayPal Credit to subscriptions, auto-billing, or recurring payments, switch to another card or bank account first.

• Understand credit impact: Closing PayPal Credit may affect your credit score since it reduces your available credit line.

How to Cancel PayPal Credit Online

The quickest way to cancel is through your PayPal account:

1. Log in to your PayPal account.

2. Go to Wallet.

3. Select PayPal Credit.

4. Click Manage Account.

5. If available, choose Close Account and follow the instructions.

If you don’t see the “Close Account” option, you’ll need to contact PayPal Customer Service.

Additional tips:

• Make sure you are logged in to the correct PayPal Credit account before proceeding.

• If you have forgotten your password, you can click on "Forgot Password?" on the login page and follow the instructions to reset it.

How Can I Cancel PayPal Credit Without Logging In?

1. Account recovery:If you simply forgot your login details, you can try recovering your PayPal account through the PayPal website or app. Use the email address or phone number linked to your account to reset your password and regain access. Once logged in, you’ll be able to manage or close your PayPal Credit account.

2. Contact PayPal Customer Service:If you no longer have access to the email or phone number tied to your account, or you’re otherwise unable to log in, you can contact PayPal directly. Be prepared to provide identifying information such as your full name, address, and possibly details of past transactions. Their team can help you close your PayPal Credit account securely.

   
   

How to Cancel PayPal Credit by Phone

You can also cancel PayPal Credit by calling customer service:

• US PayPal Credit phone number: 1-844-373-4961

• UK PayPal Credit phone number: 0800 368 7155

Have your account information ready. A representative will confirm that your balance is cleared and process your cancellation request.

How to Cancel PayPal Credit via PayPal Customer Support

If you prefer not to call, you can cancel by contacting PayPal online:

1. Log in to your PayPal account.

2. Go to Help & Contact.

3. Choose Message Centre or Chat.

4. Send a secure message requesting account closure.

What Happens After You Cancel PayPal Credit?

• No new purchases: Once closed, you can’t use PayPal Credit at checkout.

• Final statement: Keep a copy of your last statement for your records.

• Reapply anytime: If you change your mind, you can reapply for PayPal Credit later through your PayPal Wallet.

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