Acceptable Use Policy Buyer Protection Policy • Seller Protection Policy • All future changes notified in the Policy Update already published on the “Legal Agreements” page. Please read carefully all of the terms and conditions of this user agreement and each of the other documents that apply to you. We may revise this user agreement and any of the documents listed above from time to time. The revised version will be effective at the time we post it, unless otherwise noted. 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 60 days. By continuing to use our services after any changes to this user agreement take effect, you agree to be bound by those changes. If you do not agree with any changes, you may close your account before the changes take effect. Information about us and our service PayPal’s main business is the issuance of electronic money and the provision of payment services using that electronic money. For more information about us and our service, you can read our Key Payment and Service Information. This user agreement, together with other legal terms and legally required disclosures relating to your use of our service will be made available to you at all times on the PayPal website (typically located on the “Legal Agreements” page). We may also send this information to you. You may request a copy of any legally required disclosures (including this user agreement and the Key Payment and Service Information) from us and we will provide this to you in a form which allows you to store and reproduce the information (for example, by e-mail). Opening an account We offer two types of accounts: personal accounts and business accounts. Personal accounts With a personal account you can send and request money from friends and family and pay online for purchases. Holders of certain existing personal accounts may be required to upgrade their accounts (which may include providing further information to PayPal) in order to be able to use all of the current functionality available in a personal account. To use your PayPal account primarily to sell things, you must open a business account or convert your personal account to a business account. Business accounts Business accounts are for people and organisations (whether incorporated or not) that primarily use PayPal to receive online payments for sales or donations. Business accounts may be subject to fees that differ from the fees applicable to personal accounts. See our Fees for further details. By opening 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. Commercial Entity Status If the activity through your business account reaches certain thresholds or involves certain business segments or activities, you are required by the card networks to agree to Commercial Entity Agreements directly with our processing partners to allow you to continue accepting card-funded payments. In this case, these Commercial Entity Agreements will apply to any payment processed by PayPal on your behalf in addition to this user agreement. Safe use of your PayPal account You should take reasonable steps to stop your PayPal account being misused. You must maintain adequate security and control of any and all devices, items, IDs, passwords and personal identification numbers / codes that you use to access your PayPal account and the PayPal services. Please see our Key Payment and Service Information for guidelines. You must comply with all reasonable instructions we may issue regarding how you can keep your Payment Instrument safe. We may require you to authenticate any instruction relating to your account (i.e. give us the information that we need to be sure that it’s you giving us the instruction, such as submitting your correct log-in information – this could include your e-mail address and password) and otherwise successfully log into your PayPal account to provide to us your instruction. You must keep your postal address, email address and other contact information current in your PayPal account profile. You may expressly grant, remove and manage permissions for some third parties to take certain actions on your behalf. In some cases you can do this when logged into your account – in other cases you can do this directly with the third party. You acknowledge that if you grant permission for a third party to take actions on your behalf, we may disclose certain information about your Account to this third party. You may permit third party service providers licensed by applicable law to: • provide account information services to access information about your account on your behalf; • confirm whether an amount necessary for the execution of a card-based payment transaction is available on your account; or • provide payment initiation services to initiate payments from your account on your behalf. Granting permission to any third party to access your account in any way does not relieve you of any of your responsibilities under this user agreement. You are liable to us for the actions that you authorise the third parties to carry out. You will not hold us responsible for, and you will indemnify us from, any liability arising from the actions or inactions of such third parties in connection with the permissions you granted, subject to your mandatory legal rights. Closing Your PayPal Account You can close your account at any time. See the PayPal Help Centre for how to do this. We may close your account at our convenience by providing you with two months’ prior notice. We may also close your account at any time if:
