Common use of Negative Balances and Multiple Currencies Clause in Contracts

Negative Balances and Multiple Currencies. If your Account has a negative balance, PayPal may set-off the negative balance with any funds that you subsequently add or receive into your Account. See more information here. PayPal’s liability is limited with respect to your PayPal Account and your use of the PayPal Services. Click here for more information. The PayPal Services are provided “as-is” and without any representation or warranty, whether express, implied or statutory. Click here for more information. The User Agreement shall be effective until terminated by you or by PayPal subject to the terms of the User Agreement. We note that for the purposes of the User Agreement (where applicable) a “Business Day” means Monday through Friday, excluding the official national holidays recognized in Singapore. For the purpose of Section 11(b) of the Payment Services Law, a Business Day is every day of the week starting at 00:00 and ending at 23:59. We may amend this Agreement at any time by posting a revised version on our website. The revised version will be effective at the time we post it. If the revised version includes a Substantial Change, we will provide you with 30 Days' prior notice of any Substantial Change by posting a notice on the "Policy Updates" page of our website. All future changes set out in the Policy Update already published on the “Legal Agreements” page of the PayPal website at the time you register for the PayPal Services are incorporated by reference into this Agreement and will take effect as specified in that Policy Update. Consumer advisory - The PayPal payment service is regarded as a stored value facility under Singapore law. PayPal Pte. Ltd., the holder of the PayPal stored value facility, does not require the approval of the Monetary Authority of Singapore. Consumers (Users) are advised to read these terms and conditions carefully. This Agreement is not a solicitation of the PayPal Services and PayPal is not targeting any country/region or market through this Agreement.

Appears in 7 contracts

Samples: User Agreement, User Agreement, User Agreement

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