Combined Financial Services Guide and Product Disclosure Statement. Please read carefully all of the terms and conditions of this user agreement, the terms of these policies and each of the other agreements that apply to you. If there is any inconsistency between this user agreement and any of the above policies, the incorporated policy will prevail. We may revise this user agreement and incorporated policies listed above. The revised version will be effective at the time we specify. If our changes reduce your rights or increase your responsibilities, we will post a notice on the Policy Updates page of our website and provide notice to you of at least 30 days. You agree to receive notices electronically. By continuing to use our services after any changes to this user agreement become effective, you agree to comply with those changes. If you do not agree with any changes to this user agreement, you may close your account. Opening an Account We offer two types of accounts: personal accounts and business accounts. All PayPal accounts let you do things like: • Send and receive money. • Buy things online, using mobile devices or in stores. • Make payments using your debit card, credit card, bank account, PayPal balance or other payment methods. • Accept debit card, credit card, bank account, PayPal balance or other payment methods from others. You are responsible for maintaining adequate security and control of any and all IDs, passwords, personal identification numbers or any other codes that you use to access your PayPal account and the PayPal services. You must keep your mailing address, email address and other contact information current in your PayPal account profile. Personal accounts You must only use a personal account for personal, domestic, or household purposes. Business accounts Business accounts may be subject to fees that differ from the fees applicable to personal accounts. By opening up a business account or converting a personal account to a business account, you certify to us that you are using it primarily for a business or commercial purpose. By creating and holding a business account, you acknowledge that, when a buyer makes a PayPal payment: • we generally provide you immediately available value; • we may not immediately receive value from the buyer; and • as such, the immediately available value we provide you is a provision by us of commercial credit to you. You understand that any payments may be subject to a reversal and that you can be called on to repay that value. You agree that applying for a business account is applying for commercial credit to be provided to you. You agree that we may seek a commercial credit report about you, including from Equifax whose privacy policy and contact details are available at xxx.xxxxxxx.xxx.xx.
Appears in 9 contracts
Samples: Paypal User Agreement, Paypal User Agreement, Paypal User Agreement
Combined Financial Services Guide and Product Disclosure Statement. Please read carefully all of the terms and conditions of this user agreement, the terms of these policies and each of the other agreements that apply to you. If there is any inconsistency between this user agreement and any of the above policies, the incorporated policy will prevail. We may revise this user agreement and incorporated policies listed above. The revised version will be effective at the time we specify. If our changes reduce your rights or increase your responsibilities, we will post a notice on the Policy Updates page of our website and provide notice to you of at least 30 days. You agree to receive notices electronically. By continuing to use our services after any changes to this user agreement become effective, you agree to comply with those changes. If you do not agree with any changes to this user agreement, you may close your account. Opening an Account We offer two types of accounts: personal accounts and business accounts. All PayPal accounts let you do things like: • Send and receive money. • Buy things online, using mobile devices or in stores. • Make payments using your debit card, credit card, bank account, PayPal balance or other payment methods. • Accept debit card, credit card, bank account, PayPal balance or other payment methods from others. You are responsible for maintaining adequate security and control of any and all IDs, passwords, personal identification numbers or any other codes that you use to access your PayPal account and the PayPal services. You must keep your mailing address, email address and other contact information current in your PayPal account profile. Personal accounts You must only use a personal account for personal, domestic, or household purposes. Business accounts Business accounts may be subject to fees that differ from the fees applicable to personal accounts. By opening up a business account or converting a personal account to a business account, you certify to us that you are using it primarily for a business or commercial purpose. By creating and holding a business account, you acknowledge that, when a buyer makes a PayPal payment: • we generally provide you immediately available value; • we may not immediately receive value from the buyer; and • as such, the immediately available value we provide you is a provision by us of commercial credit to you. You understand that any payments may be subject to a reversal and that you can be called on to repay that value. You further acknowledge and agree that business accounts will be subject to fees that may be different from the fees applicable to personal accounts and that business accounts are not eligible to receive personal payments or “P2P / Peer-to- peer payments” via the “friends and family” option from other PayPal accounts; all payments received by the business accounts will be treated as for goods and services only. Business accounts, however, can send personal transactions to a friend or family’s personal account. You agree that applying for a business account is applying for commercial credit to be provided to you. You agree that we may seek a commercial credit report about you, including from Equifax whose privacy policy and contact details are available at xxx.xxxxxxx.xxx.xx.
Appears in 3 contracts
Samples: Paypal User Agreement, Paypal User Agreement, Paypal User Agreement
Combined Financial Services Guide and Product Disclosure Statement. Please read carefully all of the terms and conditions of this user agreement, the terms of these policies and each of the other agreements that apply to you. If there is any inconsistency between this user agreement and any of the above policies, the incorporated policy will prevail. We may revise this user agreement and incorporated policies listed above. The revised version will be effective at the time we specify. If our changes reduce your rights or increase your responsibilities, we will post a notice on the Policy Updates page of our website and provide notice to you of at least 30 days. You agree to receive notices electronically. By continuing to use our services after any changes to this user agreement become effective, you agree to comply with those changes. If you do not agree with any changes to this user agreement, you may close your account. Opening an Account We offer two types of accounts: personal accounts and business accounts. All PayPal accounts let you do things like: • Send and receive money. • Buy things online, using mobile devices or in stores. • Make payments using your debit card, credit card, bank account, PayPal balance or other payment methods. • Accept debit card, credit card, bank account, PayPal balance or other payment methods from others. You are responsible for maintaining adequate security and control of any and all IDs, passwords, personal identification numbers or any other codes that you use to access your PayPal account and the PayPal services. You must keep your mailing address, email address and other contact information current in your PayPal account profile. Personal accounts You must only use a personal account for personal, domestic, or household purposes. Business accounts Business accounts may be subject to fees that differ from the fees applicable to personal accounts. By opening up a business account or converting a personal account to a business account, you certify to us that you are using it primarily for a business or commercial purpose. By creating and holding a business account, you acknowledge that, when a buyer makes a PayPal payment: • we generally provide you immediately available value; • we may not immediately receive value from the buyer; and • as such, the immediately available value we provide you is a provision by us of commercial credit to you. You understand that any payments may be subject to a reversal and that you can be called on to repay that value. You agree that applying for a business account is applying for commercial credit to be provided to you. You agree that we may seek a commercial credit report about you, including from Equifax whose privacy policy and contact details are available at xxx.xxxxxxx.xxx.xx. Commercial Entity Status If the activity through any type of PayPal account you hold reaches certain thresholds or involves certain business segments or activities, you are required by the card networks to agree to a Commercial Entity Agreement to allow you to continue accepting Visa and MasterCard payments. In this case, these Commercial Entity Agreements will apply to any payment processed by PayPal on your behalf and will form part of this user agreement. 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. You cannot withdraw or transfer digital gift certificates/cards that are purchased through PayPal Digital Gifts and linked to your PayPal account as payment methods. However, even without your PayPal account, you can still use the codes you received by email when you purchased the gift certificates/cards to make purchases. 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. • If you have an outstanding balance on a loan from us or one of our affiliates. Any funds we are holding for you at the time of closure, less any fees, will be paid to you at our discretion by: • Direct deposit to your linked Australian bank account or United States bank account; or • A cheque mailed to the address listed in your account. Link or Unlink a Payment Method You can link or unlink a debit card, credit card, or an Australian bank account to your PayPal account as a payment method. Please keep your payment method information current (e.g. credit card number and expiration date). If this information changes, we may update it using information and third party sources available to us without any action on your part. If you do not want us to update your card information, you may remove your payment method from your PayPal account. If we update your payment method, we will keep any preference setting attached to such payment method. You may choose to confirm your card, so that we can verify that the card is valid and that you are the card owner.
Appears in 1 contract
Samples: Paypal User Agreement
