PayPal Website Payments Standard Agreement for Enhanced Recurring Payments

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PayPal Website Payments Standard Agreement for Enhanced Recurring Payments

Last Update: Mar 08, 2011

 

This PayPal Website Payments Standard Agreement for Enhanced Recurring Payments ("Agreement") is a contract between you (the "Merchant") and PayPal CA Limited, and applies to your use of the enhanced Recurring Payments services offered with PayPal Website Payments Standard ("Enhanced Recurring Payments Services"). You must read, agree with and accept all of the terms and conditions contained in this Agreement. By using the Enhanced Recurring Payments Services, you acknowledge that you have agreed to this Agreement. This Agreement applies in addition to the PayPal User Agreement and any other agreements to which you have entered into with PayPal. We may amend this Agreement at any time by posting a revised version on our website. The revised version will be effective at the time we post it. In addition, if the revised version includes a Substantial Change, we will provide you with 30 Days' prior notice of Substantial Change by posting notice on the "Policy Updates" page of our website. All capitalized terms not defined herein are defined in the PayPal User Agreement.

 

1. Enhanced Recurring Payments.

The Enhanced Recurring Payments Services enable you to provide your customers with the ability to sign up for Installment Plans, Automatic Billing, and Recurring Payment arrangements. If you use Automatic Billing or Recurring Payments, you agree to comply with the terms and conditions of the User Agreement that apply to such payments.

 

2. Installment Plans.

Installment Plans allow you to offer your customer the ability to make a purchase from you and pay you in installments. If you use Installment Plans, you must follow these requirements:

  1. You may not charge for the first payment of the installment until you have shipped the goods purchased by your customer.
  2. You may not add finance charges to the payment amount.
  3. The sum of the installment billing must not exceed the total purchase price of the goods, including tax and shipping as applicable.
  4. You must have your customer’s express consent to charge in installments.
  5. You are responsible for, and must comply with, applicable law including applicable provincial laws requiring cost of credit disclosures.

 

3. Guest Checkout Availability for Installment Plans, Automatic Billing, and Recurring Payments.

With this functionality, you will be able to offer Installment Plans, Automatic billing, and Recurring Payments to all of your customers, instead of only those customers paying you through their PayPal Account. If your customer’s credit or debit card expires then your customer’s Installment Plan, Automatic Billing, and/or Recurring Payments will be suspended and your customer will need to sign up again using a new credit or debit card.

 

4. Termination.

You may terminate your use of the Enhanced Recurring Payments Services at any time. In such event, your use of the Enhanced Recurring Payments Services will immediately end. PayPal reserves the right to terminate this Agreement if you breach the terms of this Agreement, the User Agreement or any other agreement into which you have entered with PayPal.