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Policy Updates

 

This page informs users of important updates to the Legal Agreements for PayPal Services. These updates are being posted on this page at least 30 days prior to their effective date.

We encourage you to review this Policy Update, as the updates below are applicable to the use of PayPal Services as of the effective date.

 

1. Amendments to the PayPal User Agreement

Effective Date: April 21, 2019
 

We’re updating PayPal User Agreement (“Agreement”), the document that governs the terms and conditions under which the PayPal Services are provided to PayPal Users.

Below you will find a summary of the main updates we are making to the Agreement.

  • We’re updating the Agreement to describe changes that give you more control and choice in how you want to pay. Updates include how to select a preferred payment method and the ability to see and choose from payment methods during the transaction.
  • We’re updating the Agreement to clarify that PayPal Seller Protection is a protection applicable to Unauthorized Transaction, except for any “Unauthorized Payment” initiated in an environment not hosted by PayPal.
  • We’re updating the Agreement to clarify that the Currency Conversion Fee is (i) 3.5% when receiving payments (including Mass Payments); and (ii) 4.5% when sending a payment.
  • We’re updating the Agreement to clarify that the funds in currencies other than Brazilian Reais received in your PayPal account will be automatically converted to Brazilian Reais. Due to this change, the following functionalities will be discontinued: (i) maintenance of balance in foreign currency in your PayPal account; (ii) use of balance in foreign currency to buy goods and/or services abroad; and (iii) transfer of balance in foreign currency from your PayPal account to a bank account in the United States.

 

To see the updated Agreement, please Click Here.

 

2. Amendments to the PayPal Privacy Statement

Effective Date: April 21, 2019

 

We’re making changes to the Privacy Statement that provides information on how we use your data.

We've provided additional details on how we use data when you transact with your friends, as well as more information on how we use data to prevent fraud and risk.

You can review the changes and the current Privacy Statement here.