Paypal has been operating for a while. The service offers a simple way to send and request money online. It lets you send cash to your relatives, friends and even business partners who are outside the country or very far away. Asides payment and receipt of money becoming simpler, it also provides other services like Paypal credit line.
A PayPal credit account is a line of credit that functions like a credit card. It is a credit limit that is linked to your PayPal account. It aids online purchases and so on. Having a PayPal credit account can be a good and bad move. It is all dependent on how you intend to use it and if owning it is fine with your budget. Therefore, whenever you realize it is not good or you, you immediately begin to think about how you can close it. This is where we come in.
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How Can I Close My Paypal Credit Account?
It is vital to know that this cannot be done online. Definitely, it can be registered for, online, but cancelling it is only possible by reaching out to their customer care reps. To get this done, dial the customer care number – 0800 368 7155. This number is active from 7 am to 1 am ET throughout the week. On Saturdays and Sundays, it will only be active from 9 am to 11 pm.
Before reaching out to them via your mobile phone, ensure all your account details are ready. The process will happen over the phone. To not complicate things, make sure the account is opened on your PC so that you can easily verify the details.
Will Closing My Paypal Credit Affect My Credit Score?
No. Closing and opening the credit account has zero effect on your credit report. Why this is so is because Paypal reports to no credit bureaus.
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How Can I Cancel A Pending Paypal Credit Purchase?
The quickest and simplest way to get this done would be to reach out to the seller and ask them if it is possible to cancel the order. Your reply would be “Yes.” as long as the merchant has not received the money. If the cash has already reached the individual, what can be done is, returning the goods immediately they get to you and waiting for a refund.
How Can I Cancel Paypal Credit Payment?
Doing this is quite easy. Simply:
- Get yourself logged into your account.
- Tap Paypal Credit.
- Tap Cancel under the pending payment.
- Then tap Cancel Payment.
And you are done.