If you're using the latest v1.3.9 release, yes. Just edit the module's settings and change its status (first setting) to FALSE.
However, some customizations might alter this temporarily to True, making it available despite your setting.
And, in older versions of ZC having modules installed and configured but set to False could cause some unpredictable results with payment handling.
So ... use with caution.
Or ... just write down the settings (there's only 2 important fields) before clicking Remove on the module ... and set them up again later when you're ready to go.
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