Common use of Automatic Payments Clause in Contracts

Automatic Payments. Some sellers allow you to store PayPal as the way you pay when making purchases on their site, so you can check out faster. Often, this entails creating an agreement with the seller that permits them to request that we charge your PayPal account each time you make a purchase. If the seller provides the option, you may choose to receive this advance notice only when the amount of your automatic payment will fall outside a range established between you and the seller. To help minimize disruptions in your automatic payments, we may update your Payment Method information, see Link or Unlink a Payment Method. When you first set up an agreement, your preferred payment method (if you have one selected) will be shown first. We will also show you other payment methods you have available in your PayPal account that you can instruct the seller to use. For example, you can instruct your monthly movie subscription service to always charge your credit card for the monthly cost. The payment method you select will be used for every future transaction with that seller, unless you change it in your account settings on xxx.xxxxxx.xxx or the payment method is unavailable (e.g., because the credit card has expired). There are a few sellers where you can select PayPal as the method of payment for future transactions, but you won’t be shown the specific payment method that will be used. When setting up an agreement with one of these sellers, the payment method used will be in the following order, if applicable: 1. Cash Account (if one is linked to your personal PayPal account) or balance in your business PayPal account (if we’ve been able to verify the required identifying information you provide to us); 2. Bank account; 3. PayPal co-branded debit card; 4. PayPal co-branded credit card; 5. Debit card; 6. Credit card; and 7. E-check. This is also the order of payment methods that will be used if a previously selected payment method to be used in a seller agreement is unavailable. You can cancel any agreement in your account settings on xxx.xxxxxx.xxx.

Automatic Payments. Some sellers allow you to store PayPal as the way you pay when making purchases on their site, so you can check out faster. Often, this entails creating an agreement with the seller that permits them to request that we charge your PayPal account each time you make a purchase. If the seller provides the option, you may choose to receive this advance notice only when the amount of your automatic payment will fall outside a range established between you and the seller. To help minimize disruptions in your automatic payments, we may update your Payment Method information, ; see Link or Unlink a Payment Method. When you first set up an automatic payment agreement, your you may have the option to set up a preferred payment method (if you have one selected) will be shown firstfor such agreement. We will also show you other payment methods you have available in your PayPal account that you You can instruct the seller to use. For examplereview, you can instruct your monthly movie subscription service to always charge your credit card for the monthly cost. The set, or change a preferred payment method you select will be used for every future transaction with that seller, unless you change it an automatic payment agreement in your account settings on xxx.xxxxxx.xxx or the xxxxxx.xxx. Your preferred payment method for an automatic payment agreement will be used for transactions with that seller. If you have available balance in a linked Cash or cash Plus account, that balance may be used before your preferred payment method. If you have not set a preferred payment method for an automatic payment agreement, or if your preferred payment method for an automatic payment agreement is unavailable (e.g.for example, because the credit card it is expired or has expired). There are a few sellers where you can select PayPal as the method of payment for future transactions, but you won’t be shown the specific payment method that will be used. When setting up an agreement with one of these sellers, insufficient funds) the payment method used will be in the following order, if applicable: 1. Cash Account (if one is linked to your personal PayPal account) or balance in your business PayPal account (if we’ve been able to verify the required identifying information you provide to us); 2. Bank account; 3. PayPal co-branded debit card; 4. PayPal co-co- branded credit card; 5. Debit card; 6. Credit card; and 7. E-check. This is also the order of payment methods that will be used if a previously selected payment method to be used in a seller agreement is unavailable. When you use your bank account as a payment method, you are allowing PayPal to initiate a transfer from your bank account to the recipient. For these transactions, PayPal will make electronic transfers from your bank account in the amount you specify. You can cancel authorize PayPal to try this transfer again if the initial transfer is rejected by your bank for any agreement in your account settings on xxx.xxxxxx.xxxreason.