With over 94 million people using it, PayPal is perhaps the most widely-known and well-known online payment platform globally. When a person opens a PayPal account, he agrees to adhere to the company’s conditions of service. However, there are certain problems, such as the PayPal account closed. If a user is found to violate the terms of services, PayPal reserves the right to terminate the account. Many users complain that their PayPal account is closed for no reason, but it is not true.
PayPal affirms that it does not shut down accounts of users without justification. The company will always send either a written or electronic notification to users before the deadline regarding violations to the user agreement and account closings. So if your PayPal account is also closed, and now you are wondering how to get money from a closed paypal account. Here in this blog, you will get answers to all your queries. Let’s start by understanding all the possible reasons why the PayPal account is closed.
Why Paypal closed my account?
Here are Reasons for Account Closure on PayPal:
PayPal account closed violation of terms of services: According to the terms of service, PayPal stipulates that the business can terminate any account of a user involved in prohibited activities. Examples of prohibited activities include selling fake items, achieving an account balance that is negative or providing inaccurate or false details are only a handful of restricted activities that could be causes for account closure. If you opt-out of consenting to receive electronic messages like removing the email addresses from contact details, PayPal also reserves the option of closing your account.
Dormant Accounts: If you do not login into the PayPal account for a minimum period of two years, The company will shut down your account. If there’s an outstanding balance remaining at the time of closing, PayPal will send the balance to your main address or transfer the balance to the state in which you have residence. When your home address or state of residence isn’t available, PayPal reverts the funds to Delaware. You will receive a notification before the account closing and the return of the balance. Contact the state’s unclaimed property administrator to request the balance if PayPal transfers those funds back to the state.
Recovering Closed Account Balance: If PayPal shuts down your account for prohibited activities violations, and your account has an amount of balance at closing, PayPal may hold the balance for up to 180 days. Should there be any liabilities or fines related to your account closure, PayPal will deduct those costs directly from your current balance. If you’re unable to get your money back after 180 days, you could be required to file a lawsuit before a court of small claims to recover the balance remaining on your account.
Considerations: When PayPal closed your account, it isn’t possible to get it back open. If PayPal decides to stop offering services in the future, you can establish a new PayPal account; however, it won’t contain the previous transactions record. The new account must be a registered account with different login details as well as you cannot utilize financial accounts associated with your prior PayPal account. You need to link a new account at a bank and a credit/debit card into an account other than the one linked to your old account.
Operation from an IP address or device reported as fraudulent -It appears PayPal shuts down accounts in the event of access from devices or IP addresses identified as being linked to fraud. As I’m sure, you utilized the WiFi at work for access to my account, which can only provide a limited number of public IP addresses. This suggests that their security isn’t as strong since thousands of users may use identical IP.