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ADDENDUM TO USER AGREEMENT

 

PayPal and You (or Merchant) entered into the User Agreement available at  (https://www.paypal.com/th/webapps/mpp/ua/useragreement-full) to allow the You  to use PayPal’s payment services (the “PayPal Services”);

In view of our special relationship with our channel partner, Bangkok Bank PCL,  PayPal is offering to you a special rate as described below subject to you complying with the terms and conditions described below by amending certain terms of the Agreement:

 

It is Agreed

 

1. Discounted Rates

The sub-section on “Receiving Commercial Payments” of section 2 (“Commercial Payments Fee”) set out in Exhibit A of the Agreement is amended as follows in respect of international payments received by the You through the PayPal Services:

Notwithstanding anything contained in the Agreement You shall pay a Commercial Payment Fee in accordance with the following table

Your Monthly PayPal TPV

Commercial Payments  Fees

Fixed Fees

3.5 %

Your Monthly PayPal TPV means the total international payments received by You through the PayPal Services minus Chargeback, Reversal, Claim. All other Fees for PayPal Services will apply in accordance with User Agreement.

 

2. Effective Date  

The rate described above will be applied within 5 working days of you accepting this Addendum (Effective Date).

 

3. Term and Termination

This Addendum shall be effective as of the Effective Date until terminate  PayPal may at its discretion terminate the Addendum without notice.  

 

4. General  

  1. Capitalised terms used but not defined herein shall have the meanings ascribed to such terms in the Agreement.
  2. This Addendum shall be governed by the laws of Singapore  and is subject to the exclusive jurisdiction of courts in Singpaore. All terms and conditions of PayPal’s User Agreement will apply to this Addendum.