Holding a PayPal Balance. Any PayPal balance you hold represents an unsecured claim against PayPal. PayPal combines your balance with the balances of other users and invests those funds in liquid investments. These pooled amounts are held separate from PayPal's corporate funds, and PayPal will neither use these funds for its operating expenses or any other corporate purposes nor will it voluntarily make these funds available to its creditors in the event of bankruptcy. You will not receive interest or other earnings on the amounts in your balance. You agree PayPal shall own the interest or other earnings on these investments. You agree to assign any rights to any interest derived from your funds to PayPal.
Appears in 7 contracts
Samples: User Agreement, User Agreement, User Agreement
Holding a PayPal Balance. Any If you have a PayPal balance in your PayPal business account, any such PayPal balance you hold represents an unsecured claim against PayPal. PayPal combines your balance with the balances of other users and invests those funds in liquid investments. These pooled amounts are held separate from PayPal's corporate funds, and PayPal will neither use these funds for its operating expenses or any other corporate purposes nor will it voluntarily make these funds available to its creditors in the event of bankruptcy. You will not receive interest or other earnings on the amounts in your balance. You agree that PayPal shall own the interest or other earnings on these investmentsany funds held on your behalf. You agree to assign any rights to any interest derived from your funds to PayPal.
Appears in 3 contracts
Samples: User Agreement, User Agreement, User Agreement
Holding a PayPal Balance. Any PayPal If you have a balance in your business account, any such balance you hold represents an unsecured claim against PayPal. PayPal combines your balance with the balances of other users and invests those funds in liquid investments. These pooled amounts are held separate from PayPal's corporate funds, and PayPal will neither use these funds for its operating expenses or any other corporate purposes nor will it voluntarily make these funds available to its creditors in the event of bankruptcy. You will not receive interest or other earnings on the amounts in the balance of your balancePayPal account. You agree that PayPal shall own the interest or other earnings on these investmentsany funds held on your behalf. You agree to assign any rights to any interest derived from your funds to PayPal.
Appears in 2 contracts
Samples: User Agreement, User Agreement
Holding a PayPal Balance. Any PayPal balance you hold in your PayPal account represents an unsecured claim against PayPal. PayPal combines your balance with the balances of other users and invests those funds in liquid investments. These pooled amounts are held separate from PayPal's corporate funds, and PayPal will neither use these funds for its operating expenses or any other corporate purposes nor will it voluntarily make these funds available to its creditors in the event of bankruptcy. You will not receive interest or other earnings on the amounts in your balance. You agree PayPal shall own the interest or other earnings on these investments. You agree to assign any rights to any interest derived from your funds to PayPal.PayPal.β Adding funds to your balance Withdrawing funds from your balance
Appears in 1 contract
Samples: User Agreement
