Common use of Closing Your PayPal Account Clause in Contracts

Closing Your PayPal Account. You may close your account and terminate your relationship with us at any time without cost, but you will remain liable for all obligations related to your PayPal account even after the PayPal account is closed. When you close your PayPal account, we will cancel any scheduled or incomplete transactions. You must withdraw or transfer any PayPal balance from your PayPal account before closing it. In certain cases, you may not close your PayPal account, including: • To evade an investigation. • If you have a pending transaction or an open dispute or claim. • If your PayPal account has a negative balance. • If your PayPal account is subject to a hold, limitation or reserve. PayPal may also close your account, at any time, due to breach of this agreement, disagreement, lack of commercial interest or in order to comply with applicable law and/or regulation. In that case, we will provide you with a prior written notice, by email, and make any unrestricted funds held in your PayPal account available for withdrawal. You are responsible for all reversals, chargebacks, claims, fees, fines, penalties and other liability incurred by PayPal, any PayPal user, or a third party caused by or arising out of your breach of this agreement, and/or your use of the PayPal services. Once your PayPal account is closed, we will inform you by email the date of effective closure. If you don’t withdraw or transfer any unrestricted funds held in your PayPal account, these funds will be subject to applicable laws regarding unclaimed funds.

Closing Your PayPal Account. You may close your account and terminate your relationship with us at any time without cost, but you will remain liable for all obligations related to your PayPal account even after the PayPal account is closed. When you close your PayPal account, we will cancel any scheduled or incomplete transactions. You must withdraw or transfer any PayPal balance from your PayPal account before closing it. In certain cases, you may not close your PayPal account, including: • To evade an investigation. • If you have a pending transaction or an open dispute or claim. • If your PayPal account has a negative balance. • If your PayPal account is subject to a hold, limitation or reserve. PayPal may also close your account, at any time, due to breach of this agreement, disagreement, lack of commercial interest or in order to comply with applicable law and/or regulation. In that case, we will provide you with a prior written notice, by email, and make any unrestricted funds held in your PayPal account available for withdrawal. You are responsible for all reversals, chargebacks, claims, fees, fines, penalties and other liability incurred by PayPal, any PayPal user, or a third party caused by or arising out of your breach of this agreement, and/or your use of the PayPal services. Once your PayPal account is closed, we will inform you by email the date of effective closure. If you don’t withdraw or transfer any unrestricted funds held in your PayPal account, these funds will be subject to applicable laws regarding unclaimed funds.. Link or Unlink a Payment Method

Closing Your PayPal Account. You may close your account and terminate your relationship with us at any time without cost, but you will remain liable for all obligations related to your PayPal account even after the PayPal account is closed. When you close your PayPal account, we will cancel any scheduled or incomplete transactions. You must withdraw or transfer any PayPal balance from your PayPal account before closing it. In certain cases, you may not close your PayPal account, including: • To evade an investigation. • If you have a pending transaction or an open dispute or claim. • If your PayPal account has a negative balance. • If your PayPal account is subject to a hold, limitation or reserve. PayPal may also close your account, at any time, due to breach of this agreement, disagreement, lack of commercial interest or in order to comply with applicable law and/or regulation. In that case, we will provide you with a prior written notice, by email, and make any unrestricted funds held in your PayPal account available for withdrawal. You are responsible for all reversals, chargebacks, claims, fees, fines, penalties and other liability incurred by PayPal, any PayPal user, or a third party caused by or arising out of your breach of this agreement, and/or your use of the PayPal services. Once your PayPal account is closed, we will inform you by email the date of effective closure. If you don’t withdraw or transfer any unrestricted funds held in your PayPal account, these funds will be subject to applicable laws regarding unclaimed funds. As of the effective date of Resolution BCB No. 96/2021, you: (i) will be able to close your account through the same channels used to open it (if still available); and (ii) won’t be able to close your account via phone call.