Common use of PayPal Alternative Payment Methods Terms Clause in Contracts

PayPal Alternative Payment Methods Terms. Please read carefully all of the terms and conditions of this user agreement, the terms of these policies and each of the other agreements that apply to you. We may amend this user agreement, any of the policies listed above and any other agreements on the Legal Agreements page 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 14 days. All future changes set out in the Policy Updates page already published on the Legal Agreements page at the time you register for the PayPal services are incorporated by reference into this user agreement and will take effect as specified in the Policy Update. If you do not agree to the revised terms and conditions, you must stop using the PayPal services, close your account and terminate your relationship with us without cost or penalty. This user agreement will continue to apply to your previous use of our services. About our main business PayPal is a payment services provider and acts as such by creating, hosting, maintaining and providing our PayPal services to you via the internet. You can learn more about our business in PayPal’s Business in Japan. Opening an Account In Japan, we offer three types of accounts, personal accounts, premier accounts and business accounts. You are responsible for maintaining adequate security and control of any and all IDs, passwords, personal identification numbers, or any other codes that you use to access your PayPal account and the PayPal services. You must keep your mailing address, email address and other contact information current in your PayPal account profile. Personal accounts If you are an individual and are using the account primarily to make purchases, a personal account is probably right for you. With a personal account you can use credit and debit cards to buy goods and services online, using mobile devices or in stores. You can also use PayPal balance as a payment method. Personal accounts in Japan are offered as prepaid payment accounts and PayPal balance cannot be withdrawn into a bank account. You can learn more about prepaid payment account requirements in PayPal’s Business in Japan. Converting personal accounts to premier accounts If you plan to use your PayPal account to sell things, send and request money from friends and family or to use a bank account as a payment method, you should consider a premier account. You can convert your PayPal account from a personal account to a premier account by linking a bank account or completing required procedures. Please refer to the Know Your Customer section for more information on the required procedures. Premier and business accounts Premier and business accounts are for individuals and organizations that primarily use PayPal to sell goods or services, and send to and request money from other PayPal accounts. Premier and business accounts can be opened even if your business is not incorporated. With a business account, you can do things like: • Use bank accounts as a payment method. • Use a company or business name as the name on your PayPal account. • Allow employees access to some of the features of your PayPal account. • Sign up for PayPal products that meet your business needs. Premier and business accounts may be subject to fees that differ from the fees applicable to personal accounts. By converting a personal account to a premier account or opening a business account, you certify to us that you are the beneficial owner of the account and using it primarily for a business or commercial purpose. Please refer to PayPal’s Business in Japan section for more information on terms relating to PayPal accounts in Japan. Closing Your PayPal Account You may close your account, but you will remain liable for all obligations related to your PayPal account even after the PayPal account is closed. When you close your PayPal account, we will cancel any scheduled or incomplete transactions. You must withdraw or transfer any PayPal balance from your PayPal account before closing it. In certain cases, you may not close your PayPal account, including: • To evade an investigation. • If you have a pending transaction or an open dispute or claim. • If your PayPal account has a negative balance. • If your PayPal account is subject to a hold, limitation or reserve. Link or Unlink a Payment Method