Common use of Corporate Customers Clause in Contracts

Corporate Customers. If you are not a consumer, (being an individual acting for purposes other than a trade, business or profession) Micro-Enterprise or a charity with an annual income of less than 1 million, we consider you to be a “Corporate Customer” and certain provisions of the Payment Services Directive may be disapplied for your use of the Service. In such cases you warrant and represent to PayPal that at the time you entered into this Agreement or any other relevant service terms, you are a Corporate Customer and hereby agree that the following sections of this Agreement will be varied as follows: a. you are not entitled to the right to a refund for Pre-approved Payments (e.g. payment transactions initiated by a payee (i.e. a merchant)) as set out in sections 4.8 and 12.5; b. where you identify an error, unauthorised transaction and/or misappropriated or unauthorised use of your Payment Instrument or Account in accordance with sections 12.1 and 12.2 you have up to 60 days from the date of the alleged error or Improper Account Access to notify us of it, after which time we have no obligation to investigate or act upon your notification; c. we will only accept liability for unauthorised transactions in accordance with section 12.4 where you have notified us of the Improper Account Access or error within 60 days of it. As a Corporate Customer, you further agree that while we may do so, we are not obliged to comply nor provide you with the information requirements set out in Title III of PSD2 and their equivalents in any implementation of PSD2 in member states of the EU or EEA that may apply to you (“PSD2 transpositions”). Further, you agree that articles 72 and 89 of PSD2 and equivalent provisions in PSD2 transpositions do not apply to your use of the PayPal Service, meaning that, notwithstanding any other provision of this Agreement, we are not liable to you for the losses or damage you may suffer as a result of the matters referred to in Title III and articles 72 and 89 of PSD2 and equivalent provisions in PSD2 transpositions.

Corporate Customers. If When we refer to “PSD2” in this section we mean the Second EU Payment Services Directive ((EU)2015/2366). We consider you to be a “Corporate Customer” if, on the date you entered into this user agreement, you are not a not: • A consumer, (being an individual acting for purposes other than a trade, business or profession) Micro). • A micro-Enterprise or a enterprise (being an enterprise which employs fewer than 10 persons and has an annual balance sheet that does not exceed 2 million EUR). • A UK registered charity with an annual income of less than 1 million, we consider you to be a “Corporate Customer” and million GBP. We may disapply certain provisions of the Payment Services Directive may be disapplied PSD2 for your use of the Service. In such cases you warrant and represent to PayPal that at the time you entered into this Agreement or any other relevant our service terms, if you are a Corporate Customer and hereby agree that the following sections of this Agreement will be varied as follows: a. Customer. If you are a Corporate Customer: • You are not entitled to the right to a refund for Pre-approved Payments (e.g. payment transactions initiated by a payee (i.e. a merchant)) as set out in sections 4.8 and 12.5; b. where billing agreement payments. • Where you identify an error, unauthorised transaction and/or misappropriated or unauthorised use of your Payment Instrument or Account in accordance with sections 12.1 and 12.2 a problem you have up to 60 days from the date of on which the alleged error or Improper Account Access problem happened to notify us of about it, after which time we have no obligation to investigate or act upon your notification; c. we and refund you. • You will only accept liability for unauthorised transactions in accordance with section 12.4 be entitled to lodge a claim through the UK Financial Ombudsman Service where you have notified us of fulfil the Improper Account Access or error within 60 days of itUK Financial Ombudsman Service's claimant criteria from time to time. As a Corporate Customer, you further agree that while we may do so, we • We are not obliged to comply nor provide you with the information requirements set out in Title III of PSD2 and their equivalents in any implementation of PSD2 in member states of the EU or EEA European Economic Area that may apply to you (“PSD2 transpositions”). Further, you agree that articles • Articles 72 and 89 of PSD2 and equivalent provisions in PSD2 transpositions do not apply to your use of the PayPal Serviceour service, meaning that, notwithstanding any other provision of even where we may say so otherwise in this Agreementuser agreement, we are not liable to you for the losses or damage you may suffer as a result under those articles and provisions. If other documents (e.g. terms and conditions) refer to section numbers or defined words of this user agreement, please see our User Agreement Reference Notes to locate the matters referred to in Title III and articles 72 and 89 of PSD2 and equivalent provisions in PSD2 transpositionsrelevant provision or defined word.

Corporate Customers. If you are not a consumer, (being an individual acting for purposes other than a trade, business or profession) Micro-Enterprise or a charity with an annual income of less than £1 million, we consider you to be a “"Corporate Customer” " and certain provisions of the Payment Services Directive may be disapplied for your use of the Service. In such cases you warrant and represent to PayPal that at the time you entered into this Agreement or any other relevant service terms, you are a Corporate Customer and hereby agree that the following sections of this Agreement will be varied as follows: a. you are not entitled to the right to a refund for Pre-approved Payments (e.g. payment transactions initiated by a payee (i.e. a merchant)) as set out in sections 4.8 and 12.5); b. where you identify an error, unauthorised transaction and/or misappropriated or unauthorised use of your Payment Instrument or Account in accordance with sections 12.1 and 12.2 you have up to 60 days from the date of the alleged error or Improper Account Access to notify us of it, after which time we have no obligation to investigate or act upon your notification; c. we will only accept liability for unauthorised transactions in accordance with section 12.4 where you have notified us of the Improper Account Access or error within 60 days of it. As a Corporate Customer, you further agree that while we may do so, we are not obliged to comply nor provide you with the information requirements set out in Title III of PSD2 and their equivalents in any implementation of PSD2 in member states of the EU or EEA that may apply to you (“PSD2 transpositions”). Further, you agree that articles 72 and 89 of PSD2 and equivalent provisions in PSD2 transpositions. Further, you agree that articles 72 and 89 of PSD2 and equivalent provisions in PSD2 transpositions do not apply to your use of the PayPal Service, meaning that, notwithstanding any other provision of this Agreement, we are not liable to you for the losses or damage you may suffer as a result of the matters referred to in Title III and articles 72 and 89 of PSD2 and equivalent provisions in PSD2 transpositions.

Corporate Customers. If you are not a consumer, (being an individual acting for purposes other than a trade, business or profession) Micro-Enterprise or a charity with an annual income of less than £1 million, we consider you to be a “Corporate Customer” and certain provisions of the Payment Services Directive may be disapplied for your use of the Service. In such cases you warrant and represent to PayPal that at the time you entered into this Agreement or any other relevant service terms, you are a Corporate Customer and hereby agree that the following sections of this Agreement will be varied as follows: a. you are not entitled to the right to a refund for Pre-approved Payments (e.g. payment transactions initiated by a payee (i.e. a merchant)) as set out in sections 4.8 and 12.5); b. where you identify an error, unauthorised transaction and/or misappropriated or unauthorised use of your Payment Instrument or Account in accordance with sections 12.1 and 12.2 you have up to 60 days from the date of the alleged error or Improper Account Access to notify us of it, after which time we have no obligation to investigate or act upon your notification; c. we will only accept liability for unauthorised transactions in accordance with section 12.4 where you have notified us of the Improper Account Access or error within 60 days of it. ; and As a Corporate Customer, you further agree that while we may do so, we are not obliged to comply nor provide you with the information requirements set out in Title III of PSD2 and their equivalents in any implementation of PSD2 in member states of the EU or EEA that may apply to you (“PSD2 transpositions”). Further, you agree that articles 72 and 89 of PSD2 and equivalent provisions in PSD2 transpositions do not apply to your use of the PayPal Service, meaning that, notwithstanding any other provision of this Agreement, we are not liable to you for the losses or damage you may suffer as a result of the matters referred to in Title III and articles 72 and 89 of PSD2 and equivalent provisions in PSD2 transpositions.