Notice of Amendment to PayPal Legal Agreements
Issued: June 16, 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
September 14, 2020.
In the event you would prefer to decline these changes and close your account , you can do so prior to September 14, 2020 without incurring any additional charges.
All changes and updates to the legal agreements are on this page highlighted in italic. This highlighting shall ensure better traceability of the changes and updates applied.
Amendments made for linguistic adjustment, to correct or remove orthographical and grammatical mistakes, or changes to the formatting are not highlighted. This does also apply where we have corrected or standardized numbering and references.
Updates to the PayPal User Agreement
Effective date: September 14, 2020
· 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 – Managing Your Money in Multiple Currencies – How we convert currency
In this section, we have amended the wording and we are now providing a link to our currency conversion tool.
Making A Payment – Buyer Protection
In this section, we have re-introduced the PayPal Buyer Protection Policy into the user agreement and reworded its terms for global alignment. Receiving Payments – Impact of PayPal Buyer Protection on Sellers
We have amended the wording in the "Impact of PayPal Buyer Protection on Sellers" sub-section: If you are a seller and lose a claim under PayPal Buyer Protection and the buyer’s claim was that the item received was Significantly Not as Described, you may not receive the item back, or you may be required to accept the item back and pay for the return shipping costs
Receiving Payments – PayPal Seller Protection
As with PayPal Buyer Protection, in this section we have re-introduced the PayPal Seller Protection Policy into the user agreement and reworded its terms for global alignment.
Schedule 1: Table of Fees
A3.5. Receiving Payments Through QR Codes in Person
We have introduced a new section A3.5. in our Table of Fees outlining the fees that will apply to (casual) sellers for receiving payments through our new QR code solution.
Updates to the PayPal Business Debit Mastercard Cardholder Agreement
Effective date: June 16, 2020
12. Cashback program
In section 12 we have added the following wording as the new second paragraph:
From time to time, we might increase the cashback rate (for example to 1 %) for a limited period of time. We will announce such promotional campaigns with an increased cashback rate (including eligibility criteria) in email and/or on our website to you.