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: July 9, 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, to clarify what happens when a payment is later refunded (including where the original payment involved a currency conversion and where a currency conversion applies to the returned amount).
There is no action needed from you, as these changes will take place on the effective date included above. In the event you would prefer to opt out of these changes, you can close your PayPal account prior to the effective date.
To see the updated Agreement, please click here.