Can PayPal Cancel Your Account?

Can I have 2 PayPal accounts?

The answer is “Yes”.

You can have more than one PayPal account if it’ll be one Personal account and one Business account but each account must have a separate email address and financial information.

Business account may be subject to fees which may be different from fees applicable to Personal accounts..

Can PayPal freeze your bank account?

Can PayPal freeze my bank account? Legally, they can’t. The only thing they can do is freeze/block your PayPal account for suspicious activity.

Can I have 2 PayPal accounts with the same email?

Yes. You can have one Personal account and one Premier or Business account. You can add more email addresses, debit or credit cards, and bank accounts to your account, but each account must have its own email address and financial information.

How can I cancel a pending payment on PayPal?

If a payment to a seller is still in the “Pending” status, you may be able to cancel the payment through PayPal. Login to PayPal, click the “Payments sent” link, find the payment to the seller, click the Details button, and there should be an option there to cancel the payment.

How much money can I keep in my PayPal account?

On a Verified account, there is an individual transaction limit of $10,000. You would need to make 100 separate deposits to get up to 1 million. You may be subject to a limit on the number of daily transactions or a daily total, so this could take quite some time. PayPal does not have a stated Balance Limit.

Why is PayPal shutting down accounts?

PayPal’s policy is nothing out of the ordinary. They simply take it very seriously, trying to prevent fraud, scam and policy violations. Therefore, the main reasons why people get their accounts shut down or frozen are: Receiving much more income than your average (either in number of transactions or their volume)

What happens if I remove my bank account from PayPal?

If your withdrawal status says “pending”, PayPal shouldn’t allow you to remove the bank. If you were able to remove your bank while withdrawal is “pending” chances are, money will go back to your PayPal balance. However, it’ll not instantly go back but it’ll take a while.

How long can PayPal freeze your account?

The company routinely freezes funds for 21 days if it thinks there’s a fraud risk, and its terms give it the right to extend the freeze for up to 180 days.

Can PayPal keep your money forever?

Banks can keep your money forever. … If you’ve deposited money to a PayPal account and you make no effort to withdraw it, or if others have made payments to your PayPal account and you’ve made no effort to withdraw it, then it just sits there.

Can PayPal legally hold your money?

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 PayPal close my account?

Down the road, PayPal, upon discovering the types of products you are selling, may unexpectedly close your account. If PayPal starts investigating, or ultimately decides to close your account, funds may be held for up to six months, or the account may be frozen or otherwise limited.

What happens to my money if PayPal closes your account?

If you fail to log in to your PayPal account for at least two years, the company will close your account. If there is a balance at the time of closure, PayPal will send the balance to your primary residence or revert the balance to your state of residency.

Can I delete my PayPal account and start again?

Warnings. When you close your account, PayPal cannot reopen it for you. You can, however, open a new account with the same or a similar email account.