How to Cancel PayPal and Switch to Wise

Open Your Wise Account

Sign up at wise.com with your email and verify your identity. Wise supports personal and business accounts. The process takes minutes with photo ID verification.

Set Up Multi-Currency Account

Open currency balances for the currencies you use most. Wise provides local bank details in USD, EUR, GBP, AUD, and more — so you can receive payments like a local.

Order the Wise Debit Card

Order the Wise card for spending abroad with real exchange rates. It's accepted everywhere Visa/Mastercard works. No foreign transaction fees on any currency.

Withdraw PayPal Balance

Transfer your full PayPal balance to your bank account. This takes 1-3 business days. Verify the transfer completed before proceeding.

Update Payment Methods

Replace PayPal as a payment method on all services that support alternatives. Use your Wise card or direct bank transfers instead. For merchants, set up Stripe.

Close Your PayPal Account

Go to PayPal Settings > Account > Close Account. Resolve any open disputes or pending transactions first. PayPal requires a zero balance and no open cases to close.