Policy Updates

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Policy Updates

 

 

Notice of Amendment to PayPal Legal Agreements

Issued: January 2, 2020 (for Effective Dates see each individual agreement below)

 

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 the Effective Dates shown below. In the event you would prefer to decline these changes and close your account, you can do so prior to the Effective Date without incurring any additional charges.

 

Updates to the User Agreement

Effective Date: March 5, 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.

 

1. Fees for receiving Commercial Transaction payments

  1. Users registered with PayPal as residents of Bulgaria, Cyprus, Czech Republic, Estonia, Greece, Hungary, Ireland, Latvia, Liechtenstein, Lithuania, Malta, Romania, San Marino, Slovakia and Slovenia:

The standard rate for receiving domestic commercial transaction payments (Selling) at section A2.2.1 of Schedule 1 (Table of Fees) is changed to 3.40% + Fixed Fee.

  1. Users registered with PayPal as residents of UK, Gibraltar, Guernsey, Isle of Man and Jersey:

The standard rate for receiving domestic commercial transaction payments (Selling) at section A2.2.1 of Schedule 1 (Table of Fees) remains at 2.90% + Fixed Fee.

Section A2.2.1 of Schedule 1 (Table of Fees) (presented in context with the column headings) now reads as follows (with amendments underlined):

“…

A2.2 Receiving Domestic payments (Selling)

A2.2.1 Standard rate
 

Payments to users registered with PayPal as residents of the UK, Gibraltar, Guernsey, Isle of Man and Jersey: 

 

2.90% + Fixed Fee

 

Payments to users registered with PayPal as residents of Bulgaria, Cyprus, Czech Republic, Estonia, Greece, Hungary, Ireland, Latvia, Liechtenstein, Lithuania, Malta, Romania, San Marino, Slovakia and Slovenia: 

 

3.40% + Fixed Fee

…”

 

2. Fees – Commercial Transaction Refunds

Section A3.4 (Commercial Transaction Refunds) of Schedule 1 (Table of Fees) is amended to clarify that, if you carry out a refund of a Commercial Transaction payment, all of the fees originally paid by you to receive the payment will not be returned to you.  Section A3.4 (Commercial Transaction Refunds) of Schedule 1 (Table of Fees) (presented in context with the column headings) now reads as follows (with amendments shown underlined):

“…


A3.4 Commercial Transaction Refunds

If you refund a Commercial Transaction payment, there are no fees to make the refund, but the fees you originally paid to receive the payment are not returned to you. 

…”

This change does not take effect for users registered with PayPal as residents of Ireland until further immediate notice of the change, to be published by PayPal on the Policy Updates page (accessible via the Legal footer on most PayPal site pages) on or after March 5, 2020 (as PayPal may determine in its sole discretion).

3. Other changes

Sections of the PayPal User Agreement have been amended to clarify and reorganise existing wording and correct minor typographical errors.

 

Updates to the PayPal Online Card Payment Services Agreement - UK, Gibraltar, Jersey, Guernsey and Isle of Man only

Effective Date: January 2. 2020

You can find the PayPal Online Card Payment Services Agreement currently in force by clicking here or accessing it via the “Legal” or “Legal Agreements” footer on most PayPal site pages.

1. Fees

  1. Section 2.4 is amended to reduce the fees we charge for receiving card payments using our Virtual Terminal Product and (as part of the Custom Card Fields product) our Virtual Terminal Online Card Payment Service.  The relevant parts of section 2.4 (presented in context with the column headings) now read as follows (with amendments underlined):

“…

2.4 Transaction Fees for receiving Card Payments The following fees apply to each domestic payment you receive from the following types of cards using the following Products:

Product

Card Type

Fee

Website Payments Pro

Visa, Mastercard or Maestro

 

 

Blended Pricing Fee Structure

3.4% + Fixed Fee

 

 

Interchange Plus Fee Structure

Interchange Fee (approximately ranges from 0.2% to 2.0%)
 

+ 2.90%
 

+ Fixed Fee 

Virtual Terminal (including when used as functionality in the Custom Card Fields Product)

Visa, Mastercard or Maestro

Blended Pricing Fee Structure

1.2% + Fixed Fee

 

Interchange Plus Fee Structure

Interchange Fee (approximately ranges from 0.2% to 2.0%)


+ 1.20%


+ Fixed Fee

 

Custom Card Fields

Visa, Mastercard or Maestro

 

Blended Pricing Fee Structure

1.2% + Fixed Fee

 

 

Interchange Plus Fee Structure

Interchange Fee (approximately ranges from 0.2% to 2.0%)


+ 1.20%


+ Fixed Fee

 

American Express

3.5%

On and from August 19, 2019 the PayPal Merchant Rate no longer applies. In place of the PayPal Merchant Rate, the PayPal Standard Rate applies.

…”

  1. Section 2.5 is amended to clarify the Fixed Fees which apply to receiving payments using each Product. The relevant parts of section 2.5 (presented in context with the column headings) now read as follows (with amendments underlined):

“…

2.5 Fixed Fees 

Fixed Fees depend on the product used and are based on the currency received, as follows:

a. Website Payments Pro 

Argentine Peso:

2.00 ARS

New Zealand Dollar:

$0.45 NZD

Australian Dollar:

$0.30 AUD

Norwegian Krone:

2.80 NOK

Brazilian Real:

0.60 BRL

Philippine Peso:

15.00 PHP

Canadian Dollar:

$0.30 CAD

Polish Zloty:

1.35 PLN

Czech Koruna:

10.00 CZK

Russian Ruble

10.00 RUB

Euro:

€0.35 EUR

Singapore Dollar:

0.50 SGD

Danish Kroner:

2.60 DKK

Swedish Kronor:

3.25 SEK

Hong Kong Dollar:

$2.35 HKD

Swiss Franc:

0.55 CHF

Hungarian Forint:

90 HUF

Taiwan New Dollar:

10.00 TWD

Israeli New Shekels:

1.20 ILS

Thai Baht:

11.00 THB

Japanese Yen:

¥40 JPY

Turkish Lira:

0.45 TRY

Malaysian Ringgit:

2 MYR

UK Pounds Sterling:

£0.20 GBP

Mexican Peso:

4.00 MXN

US Dollar:

$0.30 USD

b. Custom Card Fields and Virtual Terminal

The Fixed Fees as outlined in the User Agreement apply.

…”