Common use of AUTOMATIC WITHDRAWAL Clause in Contracts

AUTOMATIC WITHDRAWAL. You must register and link a bank your account within 30 days after you receive your first payment. Each day, PayPal will automatically start the process to transfer funds from your PayPal account to your linked bank account registered with us. If you have more than one linked bank account, we will deposit your funds in your preferred bank account. You will typically receive the funds within 3 Business Days, unless you have a different settlement withdrawal set forth in your PayPal account or unless you manually start the withdrawal to your bank account. If your preferred bank account is in Mexico, your funds may only be withdrawn in Mexican Pesos. If your preferred bank account is in the United States, then your funds may only be withdrawn in US Dollars. As long as the daily automatic withdrawal hasn’t occur, you can start the manual withdrawal to a registered bank account different that your preferred bank account in the applicable currency in accordance with this paragraph (i.e. your preferred bank account is in Mexico, you receive a payment in US dollars, and you initiate a manual withdrawal to send the funds to a register U.S. bank in US dollars). If we are required to convert your funds, we will charge you a Currency Conversion Fee. Please note that if you do not register and link a bank account within 30 days after receiving your first payment, or if you fail to keep your bank information current and valid, we will disable your capability for receiving payments until you register a bank account. To protect us and our users from loss, we may delay an automatic withdrawal If we place a limitation on your PayPal account, a payment is subject to a hold, or your account or an associated account has a negative balance in any currency while a withdrawal from your PayPal account is pending, once the limitation or hold has been lifted, or the negative balance is fully paid off the retained funds will be withdrawn to your registered bank account. Instant Disposition If you have funds in your PayPal account, you may withdraw it by transferring it to your eligible linked bank account or debit account (when applicable) within minutes. In some cases, it could take up to 30 minutes and have a withdrawal limit. Instant Disposition functionality is only available for Mexican bank accounts and in Mexican pesos, therefore an eligible bank account or debit account (when applicable) is one that belongs to a financial institution that is connected to SPEI, or is interoperable with SPEI or belongs to a financial institution that can receive payments via SPEI. Instant Disposition fees can be found on the Merchant Services Fees page. Also, please note that if we are required to convert your funds, we will charge you a Currency Conversion Fee. • To protect us and our users from loss, we may delay a withdrawal in certain situations, including if we need to confirm that you have authorized the withdrawal or if other payments to your PayPal account have been subject to a reversal (for example, as a result of a chargeback, bank reversal or dispute by a buyer). If we place a limitation on your PayPal account, a payment is subject to a hold, or your account or an associated account has a negative balance in any currency while a withdrawal from your PayPal account is pending, you will have to reinitiate the withdrawal once the limitation or hold has been lifted, or the negative balance is fully paid off. • We may set limits on your withdrawals, and you can view any withdrawal limit by logging into your PayPal account.

AUTOMATIC WITHDRAWAL. You must register and link a bank your account within 30 days after you receive your first payment. Each day, PayPal will automatically start the process to transfer funds from your PayPal account to your linked bank account registered with us. If you have more than one linked bank account, we will deposit your funds in your preferred bank account. You will typically receive the funds within 3 Business Days, unless you have a different settlement withdrawal set forth in your PayPal account or unless you manually start the withdrawal to your bank account. If your preferred bank account is in Mexico, your funds may only be withdrawn in Mexican Pesos. If your preferred bank account is in the United States, then your funds may only be withdrawn in US Dollars. As long as the daily automatic withdrawal hasn’t occur, you can start the manual withdrawal to a registered bank account different that your preferred bank account in the applicable currency in accordance with this paragraph (i.e. your preferred bank account is in Mexico, you receive a payment in US dollars, and you initiate a manual withdrawal to send the funds to a register U.S. bank in US dollars). If we are required to convert your funds, we will charge you a Currency Conversion Fee. Please note that if you do not register and link a bank account within 30 days after receiving your first payment, or if you fail to keep your bank information current and valid, we will disable your capability for receiving payments until you register a bank account. To protect us and our users from loss, we may delay an automatic withdrawal If we place a limitation on your PayPal account, a payment is subject to a hold, or your account or an associated account has a negative balance in any currency while a withdrawal from your PayPal account is pending, once the limitation or hold has been lifted, or the negative balance is fully paid off the retained funds will be withdrawn to your registered bank account. Instant Disposition If you have funds in your PayPal account, you may withdraw it by transferring it to your eligible linked bank account or debit account (when applicable) within minutes. In some cases, it could take up to 30 minutes and have a withdrawal limit. Instant Disposition functionality is only available for Mexican bank accounts and in Mexican pesos, therefore an eligible bank account or debit account (when applicable) is one that belongs to a financial institution that is connected to SPEI, or is interoperable with SPEI or belongs to a financial institution that can receive payments via SPEI. Instant Disposition fees can be found on the Merchant Services Fees page. Also, please note that if we are required to convert your funds, we will charge you a Currency Conversion Fee. • To protect us and our users from loss, we may delay a withdrawal in certain situations, including if we need to confirm that you have authorized the withdrawal or if other payments to your PayPal account have been subject to a reversal (for example, as a result of a chargeback, bank reversal or dispute by a buyer). If we place a limitation on your PayPal account, a payment is subject to a hold, or your account or an associated account has a negative balance in any currency while a withdrawal from your PayPal account is pending, you will have to reinitiate the withdrawal once the limitation or hold has been lifted, or the negative balance is fully paid off. • We may set limits on your withdrawals, and you can view any withdrawal limit by logging into your PayPal account.

AUTOMATIC WITHDRAWAL. You must register and link a bank your account within 30 days after you receive your first payment. Each day, PayPal will automatically start the process to transfer funds from your PayPal account to your linked bank account registered with us. If you have more than one linked bank account, we will deposit your funds in your preferred bank account. You will typically receive the funds within 3 Business Days, unless you have a different settlement withdrawal set forth in your PayPal account or unless you manually start the withdrawal to your bank account. If your preferred bank account is in Mexico, your funds may only be withdrawn in Mexican Pesos. If your preferred bank account is in the United States, then your funds may only be withdrawn in US Dollars. As long as the daily automatic withdrawal hasn’t occur, you can start the manual withdrawal to a registered bank account different that your preferred bank account in the applicable currency in accordance with this paragraph (i.e. your preferred bank account is in Mexico, you receive a payment in US dollars, and you initiate a manual withdrawal to send the funds to a register U.S. bank in US dollars). If we are required to convert your funds, we will charge you a Currency Conversion Fee. Please note that if you do not register and link a bank account within 30 days after receiving your first payment, or if you fail to keep your bank information current and valid, we will disable your capability for receiving payments until you register a bank account. To protect us and our users from loss, we may delay an automatic withdrawal If we place a limitation on your PayPal account, a payment is subject to a hold, or your account or an associated account has a negative balance in any currency while a withdrawal from your PayPal account is pending, once the limitation or hold has been lifted, or the negative balance is fully paid off the retained funds will be withdrawn to your registered bank account. Instant Disposition If you have funds in your PayPal account, you may withdraw it by transferring it to your eligible linked bank account or debit account (when applicable) within minutes. In some cases, it could take up to 30 minutes and have a withdrawal limit. Instant Disposition functionality is only available for Mexican bank accounts and in Mexican pesos, therefore an eligible bank account or debit account (when applicable) is one that belongs to a financial institution that is connected to SPEI, or is interoperable with SPEI or belongs to a financial institution that can receive payments via SPEI. Instant Disposition fees can be found on the Merchant Services Fees page. Also, please note that if we are required to convert your funds, we will charge you a Currency Conversion Fee. • To protect us and our users from loss, we may delay a withdrawal in certain situations, including if we need to confirm that you have authorized the withdrawal or if other payments to your PayPal account have been subject to a reversal (for example, as a result of a chargeback, bank reversal or dispute by a buyer). If we place a limitation on your PayPal account, a payment is subject to a hold, or your account or an associated account has a negative balance in any currency while a withdrawal from your PayPal account is pending, you will have to reinitiate the withdrawal once the limitation or hold has been lifted, or the negative balance is fully paid off. • We may set limits on your withdrawals, and you can view any withdrawal limit by logging into your PayPal account.

AUTOMATIC WITHDRAWAL. You must register and link a bank your account within 30 days after you receive your first payment. Each day, PayPal will automatically start the process to transfer funds from your PayPal account to your linked bank account registered with us. If you have more than one linked bank account, we will deposit your funds in your preferred bank account. You will typically receive the funds within 3 Business Days, unless you have a different settlement withdrawal set forth in your PayPal account or unless you manually start the withdrawal to your bank account. If your preferred bank account is in Mexico, your funds may only be withdrawn in Mexican Pesos. If your preferred bank account is in the United States, then your funds may only be withdrawn in US DollarsDollars . As long as the daily automatic withdrawal hasn’t occur, you can start the manual withdrawal to a registered bank account different that your preferred bank account in the applicable currency in accordance with this paragraph (i.e. your preferred bank account is in Mexico, you receive a payment in US dollars, and you initiate a manual withdrawal to send the funds to a register U.S. bank in US dollars). If we are required to convert your funds, we will charge you a Currency Conversion Fee. Please note that if you do not register and link a bank account within 30 days after receiving your first payment, or if you fail to keep your bank information current and valid, we will disable your capability for receiving payments until you register a bank account. To protect us and our users from loss, we may delay an automatic withdrawal If we place a limitation on your PayPal account, a payment is subject to a hold, or your account or an associated account has a negative balance in any currency while a withdrawal from your PayPal account is pending, once the limitation or hold has been lifted, or the negative balance is fully paid off the retained funds will be withdrawn to your tour registered bank account. Instant Disposition Managing Your Funds in Multiple Currencies How we convert currency‌‌ If you have funds in your PayPal accountconverts currency, you may withdraw it will be completed at the transaction exchange rate we set for the relevant currency exchange. The transaction exchange rate is adjusted regularly and includes a currency conversion fee applied and retained by transferring it us on a base exchange rate to form the rate applicable to your eligible linked bank account conversion. The base exchange rate is based on rates within the wholesale currency markets on the conversion day or debit account (when applicable) within minutesthe prior Business Day; or, if required by law or regulation, set at the relevant government reference rate(s). We add a currency conversion fee to the base exchange rate to form the final foreign exchange rate applied to your transaction. In some casescases this final foreign exchange rate may be applied immediately and without notice to you. Where a currency conversion is offered by PayPal to you when you make your transaction, it could take up you will be shown the exchange rate (which includes the currency conversion fee) that will be applied to 30 minutes and have the transaction before you proceed with authorizing the payment transaction. By proceeding with your authorization of the payment transaction you are agreeing to the currency conversion on the basis of the exchange rate shown (which includes the currency conversion fee). Currency conversion choices When your payment is funded by a withdrawal limit. Instant Disposition functionality is only available for Mexican bank accounts and in Mexican pesoscredit card, therefore an eligible bank account or debit account (when applicable) card and PayPal determines a currency conversion is one necessary, you consent to and authorize PayPal to convert the currency in place of your debit or credit card issuer. You may have the right to have your card issuer perform the currency conversion, if applicable for that belongs card issuer and network. Currency preference selections may be presented to you in various forms, including a financial institution that choice of which currency is connected to SPEIused for the transaction, whether PayPal or your card issuer performs the conversion, or which conversion rate is interoperable with SPEI or belongs to a financial institution that can receive payments via SPEIused for the transaction, among others, and may be made available individually for each card and for each automatic payment agreement. Instant Disposition If your card issuer converts the currency, your card issuer will determine the currency conversion rate and what fees can be found on they may charge. If you qualify for Merchant rates, the currency conversion fees set out in the Merchant Services Fees page. Also, please note that if we are required to convert your funds, we will charge you a Currency Conversion FeeTable will apply when if your received payments are in a currency other than the currency supported as stated in Automatic Withdrawal section. • To protect us and our users from loss, we may delay a withdrawal in certain situations, including if we need Account Statements You have the right to confirm that you have authorized the withdrawal or if other payments to receive an account statement showing your PayPal account have been subject to a reversal (for example, as a result of a chargeback, bank reversal or dispute by a buyer)activity. If we place a limitation on your PayPal account, a payment is subject to a hold, or your account or an associated account has a negative balance in any currency while a withdrawal from You may view your PayPal account is pending, you will have to reinitiate the withdrawal once the limitation or hold has been lifted, or the negative balance is fully paid off. • We may set limits on your withdrawals, and you can view any withdrawal limit statement by logging into your PayPal account. Buying Something From, or Returning Something to, a Seller Who Accepts PayPal How to buy something‌‌‌‌ You can buy something from a seller who accepts PayPal, in any currency that the seller accepts and that PayPal supports, using any payment method linked to your PayPal account. This includes, for example: • Buying something at an online retailer’s website and selecting PayPal as your payment method at checkout. • Sending a payment to a seller for good or services. • Using your PayPal account to buy something at a seller’s physical store. If the seller you are buying from sells goods or services and that seller does not already have a PayPal account, they can claim your payment by opening a PayPal account. If they don’t open a PayPal account within 30 days, your purchase will be refunded. In order to manage risk, PayPal may limit the payment methods available for a transaction when you buy something. In addition, payment methods may be limited for certain sellers or if you make a PayPal payment through certain third-party websites or applications. When you authorize a payment to a seller who accepts PayPal, some sellers may take up to 30 days to complete the transaction. In these instances, your payment may appear as a pending order in your PayPal account. In that case, your authorization of the payment will remain valid until the seller completes the transaction (but no longer than 30 days). If you used a debit or credit card as the payment method, your debit or credit card issuer also may show a pending authorization for a period of time until they release the hold or receive a completed transaction. If your payment requires a currency conversion by us, the transaction exchange rate will be determined and applied as described in the How we convert currency section and may be the rate at the time the payment is processed.