Opening PayPal Accounts

So, i've opened a paypal account and verified it with my bank account.
Now, my question is; if i close my current account will i be able to register
a new paypal account using the same bank account?

Thanks,
SMM

 

you would need to remove the bank account from the paypal account first before you can add it to another account, it would de-verify your current account too.

 

okay thanks.

 

Is there a reason why you would close your paypal account?

 

You should only close the account if you know that within the forseeable future, you will not use the account ever again or if you are shifting to another country for the long term.

 

i just have my reasons. =]

 

Make sure that the reasons are not to breach any paypal agreements.

http://www.paypal.com/cgi-bin/webscr?cmd=xpt/UserAgreement/ua/USUA-outside#closing-policy

As long as it is in good standing, you can close it.

If you want to upgrade from Personal to Business/Premier or download to Personal or do a Business to Premier change, you can do so without closing your account.

If you change address, you can also do so without closing and opening your account.

Basically, any reason why you need to close and open the account again, you could just contact Paypal directly and have them handle it. You should not need to close it to achieve that if what your reasons are are above board and legal.

 

Remove the bank account first then you can.

 

Be careful while you do anything with regard to your paypal account.Do according the guidelines of paypal.

 

true, do everything in league of the "big boy".. its hard to do a online biz without it..

i never say it impossible, but its hard..