Common use of Link or Unlink a Payment Method Clause in Contracts

Link or Unlink a Payment Method. You can link or unlink a credit card or a debit card to your PayPal account as a payment method. Please keep your payment method information current (i.e. 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 contact your issuer to request this or 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. Debit cards may only be used to make payments in Brazilian Reais. In addition, you may only link to your PayPal account debit cards issued by issuers and card networks that allow the use of such cards for payments with PayPal. PayPal may request to verify your card to confirm that the card is valid and that you are the card owner. We will attempt to verify your card by charging a temporary random amount to your card of no more than R$2.00. Please check the amount charged (in the credit card invoice if the amount is charged to a credit card or in your bank account statement in case of a debit card) and provide the amount to us in the registration entry on PayPal’s website. If the amount matches, we will verify your account (meaning that PayPal has verified that you have legal control of and/or access to one or more of your payment methods registered with PayPal) and the amount charged by PayPal will be reversed. In case the card verification process is not completed within 60 days, the amount charged will be reversed and the account will remain unverified. If you link a debit card, you agree that it is your responsibility to ensure that you have sufficient funds in your bank account to enable payments; and if there are insufficient funds in your bank account, this may result in the payment being reversed (in this case, you may be charged a fee and/or interest by your financial institution). Receiving Funds, Holding a Balance or Transferring Funds

Appears in 2 contracts

Samples: Paypal User Agreement, Paypal User Agreement

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Link or Unlink a Payment Method. You can link or unlink a credit card card, debit card, or a debit card Brazilian bank account to your PayPal account as a payment method. Please keep your payment method information current (i.e. 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 contact your issuer to request this or 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. Debit cards may only be used to make payments in Brazilian Reais. In addition, you may only link to your PayPal account debit cards issued by issuers and card networks that allow the use of such cards for payments with PayPal. PayPal may request to verify your card to confirm that the card is valid and that you are the card owner. We will attempt to verify your card by charging a temporary random amount to your card of no more than R$2.00. Please check the amount charged (in the credit card invoice if the amount is charged to a credit card or in your bank account statement in case of a debit card) and provide the amount to us in the registration entry on PayPal’s 's website. If the amount matches, we will verify your account (meaning that PayPal has verified that you have legal control of and/or access to one or more of your payment methods registered with PayPal) and the amount charged by PayPal will be reversed. In case the card verification process is not completed within 60 days, the amount charged will be reversed and the account will remain unverified. PayPal may also request to verify your bank account to confirm that you are the account holder by crediting twice some cents to the linked bank account. You must check the amounts credited in your bank account statement and inform them in the registration entry on PayPal's website. If the amounts match, your account will bear the status of a verified account. If you link a debit card, you agree that it is your responsibility to ensure that you have sufficient funds in your bank account to enable payments; and if there are insufficient funds in your bank account, this may result in the payment being reversed (in this case, you may be charged a fee and/or interest by your financial institution). Receiving FundsIf you link a bank account, you agree that you are the authorized person on the bank account. It is your responsibility to ensure that you have sufficient funds in your bank account and if there are insufficient funds in your bank account, this may result in the drawing being reversed (in this case you may be charged a fee and/or interest by your financial institution). Cancelling a direct debit authorization does not terminate any contract for services that exists between you and PayPal. Unlinking the bank account from your PayPal account does not cancel pending transactions that you may have already initiated and authorized. Direct debit is not available for all bank accounts and you should check with your financial institution to ensure that your bank account can accept direct debits. If any withdrawal is scheduled on a non-business day, it will be debited to the bank account on the next business day. Your personal information held by PayPal will be kept confidential except the information provided to the financial institution involved to initiate the drawing to the bank account, including in the event of a claim or an alleged incorrect or illegal debit. We may also disclose such information as required by law/regulation, by authorities or to defend PayPal’s interests or rights. Holding a Balance Any balance you hold in your PayPal account corresponds to e-money that may be used to make payments in Brazilian Reais for the acquisition of goods and/or services. Only when you receive a payment or Transferring Fundswhen you add funds to your PayPal account via boleto bancário, pursuant to section Adding Money below (existence of e-money), will your PayPal account be qualified as a "payment account", as defined in article 6, IV, of Law No. 12,865, of October 9, 2013, and be subject to the provisions of applicable regulation. PayPal holds users' balance in pooled amounts separate from PayPal’s corporate funds, in accordance with applicable law and regulation. Such funds, which constitute separate property,

Appears in 2 contracts

Samples: www.paypalobjects.com, www.paypalobjects.com

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Link or Unlink a Payment Method. You can link or unlink a credit card card, or a debit card to your PayPal account as a payment method. Please keep your payment method information current (i.e. 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 contact your issuer to request this or 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. Debit cards may only be used to make payments in Brazilian Reais. In addition, you may only link to your PayPal account debit cards issued by issuers and card networks that allow the use of such cards for payments with PayPal. PayPal may request to verify your card to confirm that the card is valid and that you are the card owner. We will attempt to verify your card by charging a temporary random amount to your card of no more than R$2.00. Please check the amount charged (in the credit card invoice if the amount is charged to a credit card or in your bank account statement in case of a debit card) and provide the amount to us in the registration entry on PayPal’s 's website. If the amount matches, we will verify your account (meaning that PayPal has verified that you have legal control of and/or access to one or more of your payment methods registered with PayPal) and the amount charged by PayPal will be reversed. In case the card verification process is not completed within 60 days, the amount charged will be reversed and the account will remain unverified. If you link a debit card, you agree that it is your responsibility to ensure that you have sufficient funds in your bank account to enable payments; and if there are insufficient funds in your bank account, this may result in the payment being reversed (in this case, you may be charged a fee and/or interest by your financial institution). Receiving Funds, Holding a Balance or Transferring Funds.

Appears in 1 contract

Samples: Paypal User Agreement

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