Policy Updates

 

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Policy Updates

 

 

This page informs users in advance of important changes to the PayPal services, its User Agreement, or other policies. This page displays policy updates with future effective dates. Go to “Past Policy Updates” for previous policy updates.

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.
 

Amendments to the PayPal User Agreements with respect to Accounts in Japan.

Effective Date: September 23, 2019

 

PayPal is changing its User Agreement. The amended User Agreement will be effective as to all PayPal users on September 23, 2019. We encourage you to review this Policy Updates page to familiarize yourself with the changes that are being made.

YOUR USE OF PAYPAL OR ITS SERVICES AFTER SEPTEMBER 23, 2019 MEANS YOU AGREE TO THE CHANGE SET FORTH BELOW.

 

AMENDMENTS TO USER AGREEMENTS FOR PERSONAL USERS IN JAPAN AND PREMIER AND BUSINESS USERS IN JAPAN

Exhibit A – Fees

The section on fees that apply to Currency Conversion shall be amended to the following:

Activity

Additional Fees

Currency Conversion

Country:

Fee:

Bhutan, Cambodia, China, Federated States of Micronesia, Hong Kong SAR China, India, Indonesia, Japan, Korea, Laos, Maldives, Mongolia, Nepal, New Zealand, Philippines, Samoa, Singapore, Sri Lanka, Taiwan, Thailand, Tonga, Vietnam.

Currency Conversion that occurs when sending a Commercial Payment:

The Fee depends on the currency into which the amount is converted, as listed in the table below and is added to the exchange rate.

 

Currency

Fee

Australian Dollar:

4.0%

Brazilian Real:

4.0%

Canadian Dollar:

4.0%

Czech Koruna:

4.0%

Danish Kroner:

4.0%

Euro:

4.0%

Hong Kong Dollar:

4.0%

Hungarian Forint:

4.0%

Israeli New Shekel:

4.0%

Japanese Yen:

4.0%

Malaysian Ringgit:

4.0%

Mexican Peso:

4.0%

New Zealand Dollar:

4.0%

Norwegian Krone:

4.0%

Philippine Peso:

4.0%

Polish Zloty:

4.0%

Russian Ruble:

4.0%

Singapore Dollar:

4.0%

Swedish Krona:

4.0%

Swiss Franc:

4.0%

New Taiwan Dollar:

4.0%

Thai Baht:

4.0%

U.K. Pounds Sterling:

4.0%

U.S. Dollar:

4.0%

 

Currency conversion that occurs when receiving other payments (including Mass Payments and Payouts), withdrawing funds to your local bank account (if your PayPal balance is held in a currency other than your local currency), adding funds from a bank account to your PayPal Account or when transferring funds between your PayPal balances held in different currencies (as applicable);

3.0% added to the exchange rate