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Policy Updates

 

Notice of Amendment to PayPal Legal Agreements

Issued: Feb 02, 2018 (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 this notice to familiarise yourself with the changes that are being made.

You do not need to do anything to accept the changes as they will automatically come into effect on the Effective Dates shown below. Should you decide you do not wish to accept them you can notify us before the above date to close your account (https://www.paypal.com/uk/cgi-bin/?&cmd=_close-account) immediately without incurring any additional charges.

Please review the current Legal Agreements in effect.
 

 

Notice of amendment to the PayPal Here™ Agreement

Effective Date: Feb 02, 2018

 

1. Fees

We have amended section 10 to:

  1. reduce some of our PayPal Here Merchant Rate fees for receiving payments from:
  • another PayPal Account via PayPal Location Based Payments;
  • a Visa, MasterCard or Maestro card
  • using your PayPal Here Card Reader’s Chip and PIN, Chip and Signature functionality; or
  • as a Contactless Transaction

under both the Blended Pricing Fee Structure and Interchange Plus Fee Structure;

  1. clarify and reorganise existing wording.

Section 10 now reads as follows (with added/amended wording underlined):

10. Fees.

Except as further provided in this section, you agree to pay the fees prescribed for Business Accounts in the User Agreement.

You agree to pay the following fees for the following payments received via the PayPal Here App:

10.1 Fees for Payments from another PayPal account via PayPal Location Based Payments Functionality

If you receive the payment:

the PayPal Here Standard Rate fee is:

the PayPal Here Merchant Rate is as follows:

where the aggregate monetary amount of payments received in your Account in the previous calendar month:

  1. via the PayPal Here App; and
  2. as Commercial Transaction payments,

is:

the PayPal Here Merchant Rate fee (subject to the further terms and conditions in this section 10) is:

from another PayPal Account via PayPal Location Based Payments Functionality

2.75%

GBP 0.00 - GBP 1,500.00

2.75%

GBP 1,500.01 - GBP 6,000.00

1.75%

GBP 6,000.01- GBP 15,000.00

1.5%

Above GBP 15,000.00

1%

 

10.2 Fees under the Blended Pricing Fee Structure

If you receive the card payment:

the PayPal Here Standard Rate fee is:

the PayPal Here Merchant Rate is as follows:

where the aggregate monetary amount of payments received in your Account in the previous calendar month:

  1. via the PayPal Here App; and
  2. as Commercial Transaction payments,

is:

the PayPal Here Merchant Rate fee (subject to the further terms and conditions in this section 10) is:

from a Visa, MasterCard or Maestro card

  • using your PayPal Here Card Reader’s Chip and PIN, Chip and Signature functionality
  • as a Contactless Transaction

2.75%

GBP 0.00 - GBP 1,500.00

2.75%

GBP 1,500.01 - GBP 6,000.00

1.75%

GBP 6,000.01- GBP 15,000.00

1.5%

Above GBP 15,000.00

1%

from a Visa, MasterCard, Maestro or American Express card:

  • as a Keyed Transaction; or
  • by swiping the card’s magnetic stripe

3.4%

+ GBP 0.20

regardless of the volume of payments you receive

3.4%
+GBP 0.20

from an American Express Card:
 

  • using your PayPal Here Card Reader’s Chip and PIN, Chip and Signature functionality
  • as a Contactless Transaction

2.75%

2.75%

 

10.3 Fees under the Interchange Plus Fee Structure

If you receive the card payment:

the PayPal Here Standard Rate fee is:

the PayPal Here Merchant Rate is as follows:

where the aggregate monetary amount of payments received in your Account in the previous calendar month:

  1. via the PayPal Here App; and
  2. as Commercial Transaction payments,

is:

the PayPal Here Merchant Rate fee (subject to the further terms and conditions in this section 10) is:

from a Visa, MasterCard, or Maestro card

  • using your PayPal Here Card Reader’s Chip and PIN, Chip and Signature functionality
  • as a Contactless Transaction;

Interchange Fee

(approximately ranges from 0.2% to 2.0%)

+ 2.5 %

GBP 0.00 – GBP 1,500.00

Interchange Fee +2.5%

GBP 1,500.01 - GBP 6,000.00

Interchange Fee +1.5%

GBP 6,000.01- GBP 15,000.00

Interchange Fee +1.25%

Above GBP 15,000.00

Interchange Fee +0.75%

from an American Express card

  • using your PayPal Here Card Reader’s Chip and PIN, Chip and Signature functionality
  • as a Contactless Transaction;

2.75 %

regardless of the volume of payments which you receive

2.75 %

from a Visa, MasterCard or Maestro card:

  • as a Keyed Transaction; or
  • by swiping the card’s magnetic stripe

Interchange Fee

+ 3.15%

+ GBP 0.20

Interchange Fee
+ 3.15%

+ GBP 0.20

from an American Express card:
 

  • as a Keyed Transaction; or
  • by swiping the card’s magnetic stripe

3.4% + GBP 0.20

3.4% + GBP 0.20

 

a. Interchange Fees are set by Visa and MasterCard. They approximately range from 0.2% to 2.0% and vary for different types of cards (for example by categories and brand). PayPal shall always charge you the Interchange Fee as set by Visa and MasterCard and as passed on by its Acquirer. Single Interchange fees may change from time to time. For more information on Interchange Fees, please see MasterCard’s and Visa’s website as well as our simplified overview.

b. Percentage-based fees (such as 3.40%) refer to an amount equal to that percentage of the payment amount.

 

10.4 Blended Pricing or Interchange Plus Transaction Fees?

When you receive card payments using PayPal Here:

  1. The Blended Pricing fee structure shall apply until PayPal implements the Interchange Plus fee structure (which shall be by further notice of the same published by PayPal on a date falling on or after 9 June 2016 on the Policy Updates page accessible via the Legal footer on most PayPal site pages) (“Interchange Plus Launch”).
  2. You may choose the fee structure applicable to you on or after Interchange Plus Launch, by the methods or procedures that PayPal may make available to you before and after Interchange Plus Launch. . If you do not make an election, you will stay on your existing fee structure.
  3. You may choose your fee structure for future transactions only, not for past transactions. The fee structure that applies when you receive card payments using PayPal HereTM also applies when you receive card payments under the PayPal Website Payments Pro and Virtual Terminal Agreement.  This means that if you opt to be charged under the Interchange Plus fee structure, the respective Interchange Plus fee structure will apply when you receive card payments under the PayPal Website Payments Pro and Virtual Terminal Agreement and this Agreement.
     

10.5 Conditions for PayPal Here Merchant Rate

The PayPal Here Merchant Rate applies only to Accounts with PayPal Here Merchant Rate status. PayPal Here Merchant Rate status is subject to eligibility, application and approval by PayPal. PayPal may evaluate applications on a case-by-case basis, including, without limitation, on the following criteria: qualifying monthly sales volume, size of average shopping cart and an Account in good standing.

To be eligible to apply for (and retain) PayPal Here Merchant Rate status the Account must:

  • at all times be in good standing and not under investigation; and
  • have received more than £1,500.00 GBP in aggregate monetary amount of payments in the previous calendar month:
    • via the PayPal Here App; and
    • as Commercial Transaction payments.

PayPal may downgrade an Account to the PayPal Here Standard Rate at any time if the above conditions are not met or there are unresolved chargebacks against the Account.

If PayPal downgrades your Account you will need to apply to PayPal again for your Account to get PayPal Here Merchant Rate status.

You may apply to receive PayPal Here Merchant Rate for your Account using the dedicated online application form when logged into your PayPal Account. If your application is rejected, please note that you may only submit an application once every thirty days.

PayPal Here Merchant Rate status entitles you to also benefit from Merchant Rate status for Commercial Transactions under the PayPal User Agreement, with the tier values based on the aggregate monetary amount of payments received in your Account in the previous calendar month: 

  1. via the PayPal Here App; and
  2. as Commercial Transaction payments, subject further to the terms and conditions in the PayPal User Agreement.
     

10.6 Additional Transaction Fees

The fees listed in the above tables are for domestic payments only and shall be increased by the supplemental Cross Border Fee for Commercial Transactions (as outlined in the relevant table in Schedule 1 of the PayPal User Agreement), if the payer’s card or PayPal Account is from outside the United Kingdom.

This Cross Border Fee does not apply to card payments received under the Interchange Plus fee structure. However, the Cross Border Fee always applies to card payments with American Express cards (even if received under the Interchange Plus fee structure).

There is no fee to use the PayPal Here App to manage records of the cash and cheque payments that you accept.

The fees prescribed in this section 10 may be changed by amending this Agreement.