Common use of Accepting preauthorized payments Clause in Contracts

Accepting preauthorized payments. As a seller, you can accept payments from a buyer’s account through preauthorized transfers either on a one-time, regular or sporadic basis. This type of transaction is sometimes called a “billing agreement,” “subscription,” “recurring payment,” “reference transaction,” “pre-approved payment“ or “automatic payment.” If you receive preauthorized payments from buyers: You must: You must not: Get each buyer’s prior authorization for the amount, frequency, and duration of any such payment. Restart future payments without the buyer’s written authorization, if a buyer has stopped or canceled a preauthorized payment. Provide a simple and easily accessible online cancellation procedure, if buyers sign up for preauthorized payments online. Provide buyers the ability to stop any such payment up to 3 Business Days before the date scheduled for payment. Transaction Fees for Online and In-Store Payments Standard transactions fees Your PayPal transaction fees depend on the country of the buyer’s account or the currency used. The fees you pay when selling goods or services or receiving donations and the buyer pays using their PayPal account (or using another authorized wallet) can be found on the Merchant Services Fees table. Please note that: • If you accept payments using a PayPal product (like PayPal Payments Pro), the fees applicable to those products will apply to your transactions.

Accepting preauthorized payments. As a seller, you can accept payments from a buyer’s account through preauthorized transfers either on a one-time, regular or sporadic basis. This type of transaction is sometimes called a “billing agreement,” “"subscription,” “" "recurring payment,” “reference transaction,” “"pre-approved payment“ payment " or “"automatic payment.” " If you receive preauthorized payments from buyers: You must: You must not: Get each buyer’s prior authorization for the amount, frequency, and duration of any such payment. Restart future payments without the buyer’s written authorization, if a buyer has stopped or canceled a preauthorized payment. Provide a simple and easily accessible online cancellation procedure, if buyers sign up for preauthorized payments online. if a buyer has stopped or canceled a preauthorized payment. Provide buyers the ability to stop any such payment up to 3 Business Days before the date scheduled for payment. Transaction Fees for Online Payments Fees for selling and Inreceiving payments The fees for selling and receiving payments may include amounts owed to other payments institutions and/or financial institutions. Selling and receiving payments include: • A Payment for the sale of goods or services. • A Payment received via the ”Request Payment” tab on PayPal’s website. • A payment or donation that is sent to, or received by, a business or other commercial or non-Store Payments Standard transactions fees Your PayPal transaction fees depend on the country of the buyer’s account or the currency usedprofit entity. The fees you pay when selling goods or services or receiving donations and the buyer pays using their PayPal account (or using another authorized wallet) donation can be found on the Merchant Services Fees for selling and receiving payments table. Please note that: • If you accept payments using a PayPal product (like PayPal Payments Pro), that we may adjust the fees applicable to those products future transactions that you process using PayPal. We will apply to your transactionsprovide you at least 30 days’ advance notice of any fee increase or the introduction of a new type of fee.

Accepting preauthorized payments. As a seller, you can accept payments from a buyer’s account through preauthorized transfers either on a one-time, regular or sporadic basis. This type of transaction is sometimes called a “billing agreement,” “subscription,” “recurring payment,” “reference transaction,” “pre-approved payment“ or “automatic payment.” If you receive preauthorized payments from buyers: You must: You must not: Get each buyer’s prior authorization for the forthe amount, frequency, and duration of any such payment. Restart future payments without the buyer’s written authorization, if a buyer has stopped or canceled a preauthorized payment. Provide a simple and easily accessible online cancellation procedure, if buyers sign up for preauthorized payments onlinepaymentsonline. Provide buyers the ability to stop any such payment up to 3 Business Days before Daysbefore the date scheduled for payment. Transaction Fees for Online and In-Store Payments Standard transactions fees Your PayPal transaction fees depend on the country of the buyer’s account or the currency used. The fees you pay when selling goods or services or receiving donations and the buyer pays using their PayPal account (or using another authorized wallet) can be found on the Merchant Services Fees table. Please note that: • If you accept payments using a PayPal product (like PayPal Payments Pro), the fees applicable to those products will apply to your transactions.

Accepting preauthorized payments. As a seller, you can accept payments from a buyer’s account through preauthorized transfers either on a one-time, regular or sporadic basis. This type of transaction is sometimes called a “billing agreement,” “subscription,” “recurring payment,” “reference transaction,” “pre-approved payment“ or “automatic payment.” If you receive preauthorized payments from buyers: You must: You must not: Get each buyer’s prior authorization for the amount, frequency, and duration of any ofany such payment. Restart future payments without the buyer’s written authorization, if a buyer has stopped or canceled a preauthorized payment. Provide a simple and easily accessible online cancellation procedure, if buyers sign buyerssign up for preauthorized payments online. Provide buyers the ability to stop any such payment up to 3 Business Days before Daysbefore the date scheduled for payment. Transaction Fees for Online and In-Store Payments Standard transactions fees Your PayPal transaction fees depend on the country of the buyer’s account or the currency used. The fees you pay when selling goods or services or receiving donations and the buyer pays using their PayPal account (or using another authorized wallet) can be found on the Merchant Services Fees table. Please note that: • If you accept payments using a PayPal product (like PayPal Payments Pro), the fees applicable to those products will apply to your transactions.