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.
Effective date: The date your account is moved to PayPal Payments Private Limited from PayPal Pte Ltd which will be no earlier than 2nd October 2017
PayPal is a global leader in digital payments available across 200 markets. Innovation is a core value for PayPal which helps us create amazing experiences for our customers. India is an important market and in order to enable us to provide superior customer experiences, we are updating the UA for PayPal India account holders.
This entails three critical elements-
- After the new UA is made effective, you will contract with PayPal Payments Private Limited, a company incorporated in India with CIN U74990MH2009PTC194653.
- We have updated our UA to comply with local laws applicable to Indian companies including local taxation laws. We have been advised PayPal Services will attract a GST rate of 18% (applicable only to the Fees charged by Paypal and not the whole amount you receive or your purchase price). Please consult your tax advisors in terms of your eligibility for refunds.
- We look forward to increase the scope of PayPal Services in the future subject to regulatory approvals and enter into partnerships.
The actual effective date of the UA change will be notified later after 30 days of the days of notice. As our valuable customer, we hope to continue doing business with you. However for any reason you wish to discontinue doing business with us you have the option of closing your account within 30 days of the date of the notice.