However if you've recently had your PayPal account closed then rest assured; you're not alone. It seems that over the last few years PayPal has got more and more trigger-happy when it comes to closing accounts. While this is a sorry state of affairs, it does mean that there are more solutions than ever worth considering to remedy your situation.
Here are five of the best possible solutions worthy of consideration...
Five Possible Solutions if Your PayPal Account is Closed
Complain To Customer Services
While PayPal customer services don't have a fantastic reputation they *do* have an official complaints procedure that you might want to consider exploring. Simply visit PayPal and look for the "contact us" area where you should find complete details on contacting the PayPal complaints department to discuss your situation.While this should always be your first port of call, the bad news is that almost without exception, once a PayPal account has been closed it is very rarely opened again, even if you believe you are totally innocent.
Financial Ombudsman Complaint
As a financial services company that holds and sends money, Paypal is a regulated company. As such not only must they stick within strict quality guidelines but furthermore they are overseen by larger bodies.In many cases it is possible to contact these ombudsmans in order to explain your situation and seek a resolution. It seems that in the past some ex-PayPal account holders have successfully had their accounts reopened using this route.
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That said, be aware that if you've had your PayPal account closed you may have to wait up to eight weeks for a response from PayPal before you can actually make your formal complaint.
Either way, making such a complaint costs PayPal time and money so if you'd like to at best get your account back or at worst cause PayPal some discomfort in explaining themselves to the governing body then this is a process well worth considering.
Open A New Account
PayPal seems to store the personal details of anyone with a closed account - and as such you'll likely find yourself "blacklisted" from opening another account. Equally, their systems aren't perfect so if a PayPal account is essential to your business operation then you may want to consider registering for a new PayPal account using a new bank account and email address.In general these new accounts are easy enough to open though there are always risks that PayPal will "find you out" and close down your new account too. You have been warned.
Find An Alternative
While PayPal is the most common source of payment processing online they're certainly not the only name in the business.Thanks to payment processing being such a profitable business there are a range of other competing companies that you might want to consider opening an account with. Indeed, many people who have had their PayPal account closed have found that the competition are actually quite a bit better to deal with than PayPal.
Examples of other payment processors you might want to consider include Payza, Clickbank and 2CheckOut though for a more detailed breakdown of the competition you might want to take a look at this article all about alternatives to PayPal.
Change Your Business Model
For many business models online, a payment processing account isn't necessary at all. Certainly, if you want to sell your own products on the internet then you're going to need some way to accept credit cards but you might alternatively consider delving into affiliate marketing or selling on Amazon where there is absolutely no need for your own merchant account.Whichever option you choose - and they're not mutually exclusive - I wish you all the best with your business.
Richard AdamsAbout the Guest Author:
Richard Adams has been building online businesses since 1997 and now writes extensively about how to back up your computer.
