Paypal
Unclaimed Property

PayPal currently holds $69.9 million in unclaimed property across 1,090,409 individual records in California. Most of this money comes from dormant PayPal accounts, inactive balances left behind when users stopped accessing their accounts, closed business accounts with remaining funds, and payments sent to email addresses or phone numbers that are no longer monitored.

PayPal is a global digital payments platform that processes billions of transactions through personal accounts, business accounts, and merchant services. PayPal customers commonly lose track of money when they change email addresses without updating their account, close businesses but leave small balances behind, receive payments to old phone numbers or inactive email addresses, or simply forget about accounts they created years ago for one-time purchases.

The highest concentrations of unclaimed PayPal property in California are found in Los Angeles, San Francisco, and San Diego, which aligns with these metro areas having the largest populations of tech-savvy consumers and online business owners who are PayPal's core user base. Since PayPal has been operating since 1998 and has processed payments for millions of California residents and businesses, many users may have multiple old accounts from different eras of their online activity that they've simply forgotten about over the decades.

The average claim from Paypal is $64.