This page informs users in advance of important changes to the PayPal Service, its User Agreement, or other policies. We encourage you to review this Policy Update to familiarize yourself with all of the changes that are being made to the PayPal User Agreement. These updates will be posted at least 30 days prior to their effective date.
Changes to PayPal Legal Agreements
Effective date: 11 July 2017
PayPal is changing some of its Legal Agreements with effect from 11 July 2017. We’ve created this policy update to help you understand the material changes. By continuing to use our services from 11 July 2017, you are agreeing to the changes. If you decide not to accept the changes, you can notify us before 11 July 2017 to close your account.
Terms on withdrawal method
There has been, and will continue to be, only one method by which you may withdraw funds from your Account, namely, by electronically transferring them to your U.S. bank account or to your Hong Kong bank account. We’ve made amendments to our Legal Agreement to ensure that this is accurately reflected.