Common use of Amounts owed to PayPal Clause in Contracts

Amounts owed to PayPal. If you owe an amount to PayPal for any reason, PayPal may deduct any amounts that you owe from any credit that you may have against PayPal or any future payments that you receive. If you have more than one PayPal account, we may set off the amount you owe to PayPal under one PayPal account against a payments you receive related to your other PayPal account(s). In this case, if you continue using your PayPal account, you authorize PayPal to combine the amount that you owe to PayPal with any debit or transaction sent from your account when that combination is disclosed to you in advance of initiating the debit or transaction. In addition to the above, if you have a past due amount owed to us or our affiliates, PayPal may debit your PayPal account to pay any amounts that are past due. Insolvency proceedings If any proceeding by or against you, as a seller, is commenced under any provision of any other bankruptcy or insolvency law, we’ll be entitled to recover all reasonable costs or expenses (including reasonable legal fees and expenses) incurred in connection with the enforcement of this user agreement. This section is not applicable to buyers.

Amounts owed to PayPal. If you owe an amount to your PayPal balance becomes negative for any reason, that negative PayPal balance represents an amount that you owe to PayPal. PayPal may deduct any these amounts from funds that are added to your PayPal account later, either by you owe or from any credit that you may have against PayPal or any future payments that you receive. If you have more than one PayPal account, we may set off the amount you owe to a negative PayPal under balance in one PayPal account against a payments you receive related to PayPal balance in your other PayPal account(s). In this case, if If you continue using your PayPal accountaccount when it has a negative balance, you authorize PayPal to combine the amount that you owe to PayPal negative balance with any debit or transaction sent from your account when that combination is disclosed to you in advance of initiating the debit or transaction. In addition to the above, if you have a past due amount owed to us or us, our affiliates, or eBay, PayPal may debit your PayPal account to pay any amounts that are past due. Insolvency proceedings If any proceeding by or against you, as a seller, is commenced under any provision of any other bankruptcy or insolvency law, we’ll be entitled to recover all reasonable costs or expenses (including reasonable legal fees and expenses) incurred in connection with the enforcement of this user agreement. This section is not applicable to buyers.

Amounts owed to PayPal. If you owe an amount to your PayPal balance becomes negative for any reason, that negative PayPal balance represents an amount that you owe to PayPal. PayPal may deduct any these amounts from funds that are added to your PayPal account later, either by you owe or from any credit that you may have against PayPal or any future payments that you receive. If you have more than one PayPal account, we may set off the amount you owe to a negative PayPal under balance in one PayPal account against a payments you receive related to PayPal balance in your other PayPal account(s). In this case, if If you continue using your PayPal accountaccount when it has a negative balance, you authorize PayPal to combine the amount that you owe to PayPal negative balance with any debit or transaction sent from your account when that combination is disclosed to you in advance of initiating the debit or transaction. In addition to the above, if you have a past due amount owed to us or our affiliates, PayPal may debit your PayPal account to pay any amounts that are past due. Insolvency proceedings If any proceeding by or against you, as a seller, is commenced under any provision of any other bankruptcy or insolvency law, we’ll be entitled to recover all reasonable costs or expenses (including reasonable legal fees and expenses) incurred in connection with the enforcement of this user agreement. This section is not applicable to buyers.