How To Switch Paypal Account From Business To Personal In 2023

Introduction

PayPal is a popular online payment system used by millions of people worldwide. It offers a variety of features for both personal and business accounts. However, some users may want to switch from a business to a personal account for various reasons. In this article, we’ll guide you through the process of switching your PayPal account from business to personal.

Why Switch from Business to Personal?

There are several reasons why you may want to switch from a business to a personal PayPal account. One of the most common reasons is that you are no longer using your PayPal account for business purposes. You may have closed your business or switched to a different payment method. Another reason could be that you are receiving payments from family and friends, which is better suited for a personal account.

Step-by-Step Guide to Switching from Business to Personal Account

Step 1: Log in to Your Account

The first step in switching your PayPal account from business to personal is to log in to your account. Go to the PayPal website and enter your email address and password to log in.

Step 2: Go to Account Settings

Once you are logged in, click on the “Settings” icon located in the top right corner of the screen. Select “Account Settings” from the drop-down menu.

Step 3: Click on “Close Account”

Scroll down to the bottom of the “Account Settings” page and click on “Close Account” located under the “Account type” section.

Step 4: Select “Switch to Personal Account”

On the next screen, you will be presented with two options: “Close account” or “Switch to personal account.” Select “Switch to personal account” and click on the “Next” button.

Step 5: Confirm Your Choice

You will be asked to confirm your choice to switch from a business to a personal account. Click on the “Continue” button to proceed.

Step 6: Update Your Account Information

Once you have confirmed your choice, you will be taken to a page where you can update your account information. You may need to provide additional details, such as your name, address, and phone number.

Step 7: Submit Your Changes

After you have updated your account information, click on the “Submit” button to save your changes. Your account will now be switched from business to personal.

Conclusion

Switching your PayPal account from business to personal is a simple process that can be completed in just a few steps. Whether you are no longer using your PayPal account for business purposes or receiving payments from family and friends, switching to a personal account can be a better option. By following the step-by-step guide outlined in this article, you should be able to switch your account with ease.