Notice of Amendment to PayPal Legal Agreements
Issued: September 29, 2020
Please read this document.
We’re making changes to the legal agreements that govern your relationship with PayPal.
We encourage you to carefully review the notices below so that you are familiar with these upcoming changes.
There is no further action needed from you as these changes will take place automatically on
January 4, 2021.
In the event you would prefer to decline these changes and close your account, you can do so prior to January 4, 2021 without incurring any additional charges.
Amendments made for linguistic adjustment, to correct or remove orthographical and grammatical mistakes, or changes to the formatting are not mentioned in this document. This does also apply where we have corrected or standardized numbering and references.
UPDATES TO THE PAYPAL USER AGREEMENT
Effective date: January 4, 2021
- Please click HERE to view an updated copy of the intended changes.
You can find the current PayPal User Agreement by clicking here or accessing it via the “Legal” or “Legal Agreements” footer on most PayPal site pages.
About Your Account – Opening an Account – Commercial Entity Status
We have amended the wording in the section to reflect that upon reaching certain thresholds or involving certain business segments or activities, the Commercial Entity Agreements can apply to any type of PayPal account you hold.
About Your Account – Opening an Account – Safe use of your PayPal account
In this section, we have added the requirement to keep the number of a phone to which you are the primary user current in your PayPal account profile.
Making A Payment – General provisions for making a payment – Your payment instruction
We added a new paragraph at the end of this section about giving you the option to select certain recipients as "trusted beneficiaries" for a faster payment experience.
Receiving Payments – Refunds and reversals of payments – Chargeback fee
We have added a new section dealing with the Chargeback fee for clarification.
Schedule 1: Table of Fees
A4.1.1. Currency Conversion Fee
In section A4.1.1. we have changed the currency conversion fee for transactions for which the seller has not agreed to bear the fee to be generally 4.00%.
A4.1.2. Fees for Withdrawing your Balance
We have introduced a fee for withdrawals to a U.S. bank account associated with your PayPal account.
UPDATES TO THE PAYPAL ONLINE CARD PAYMENT SERVICES AGREEMENT
4. Information Security; Data Protection; Data Portability
We have amended section 4.6. to talk about a Data Protection Addendum rather than a schedule (as a result, Schedule 2 has been removed) and we have added a new section 4.7. on Data Portability.
UPDATES TO THE COMMERCIAL ENTITY AGREEMENT
We have removed the limitation to PayPal Premier or Business Accounts from the first paragraph of the Commercial Entity Agreement.
UPDATES TO THE PRIVACY STATEMENT
We are updating our data processing terms to reflect that PayPal is a data controller for payment processing and fraud services.
We have added new terms for our iZettle service to our Legal Agreements page.