Click the Profile and Settings button. Click Account Settings on the drop-down menu. Below the Account Types heading, you will see a Close Account button. To cancel your PayPal account, click this button.
Open the Account Preferences drop-down menu on the left column. Select Close Account next to the Account type information. If necessary, provide your bank account information. Click Close account to finish closing your account.
Because you have a restricted account, you may not close it; and I am under the age of 18 and do not have the paperwork to obtain an unrestricted one.
Yes, you can have multiple PayPal accounts. You may have one Personal and one Business account, but each must have a separate email address and financial information.
Go to the PayPal website (see Resources) and log in to your PayPal account. You should see a line indicating that you are welcomed by name. Immediately below your name, you’ll see another line stating your account type. If you have a personal account, the word “Upgrade” should appear immediately following your account type.