Common use of Holds based on disputed transactions Clause in Contracts

Holds based on disputed transactions. If a payment sent to you as a seller is challenged as a payment that should be invalidated and reversed, we may place a temporary hold on the funds in your PayPal account to cover the amount that could be reversed. Any of the situations described under Refunds, Reversals and Chargebacks are situations that could result in us placing a hold on a payment. If we determine the transaction should not be reversed, we'll lift the temporary hold. If we determine the transaction should be reversed, we'll remove the funds from your PayPal account.

Appears in 14 contracts

Samples: Paypal User Agreement, Paypal User Agreement, Paypal User Agreement

AutoNDA by SimpleDocs

Holds based on disputed transactions. If a payment sent to you as a seller is challenged as a payment that should be invalidated and reversed, we may place a temporary hold on the funds in your PayPal account to cover the amount that could be reversed. Any of the situations described under Refunds, Reversals and Chargebacks are situations that could result in us placing a hold on a payment. If we determine the transaction should not be reversed, we'll ’ll lift the temporary hold. If we determine the transaction should be reversed, we'll ’ll remove the funds from your PayPal account.

Appears in 6 contracts

Samples: User Agreement, Paypal User Agreement, Paypal User Agreement About Your Account

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.