Common use of PayPal balance Clause in Contracts

PayPal balance. If you hold a balance, PayPal will hold your funds in pooled accounts separate from its corporate funds, and it will not use your funds for its operating expenses or for any other corporate purposes. PayPal will not voluntarily make your funds available to its creditors in the event of bankruptcy. You will not receive interest or other earnings on the amounts in your balance. PayPal may receive interest on amounts that PayPal holds on your behalf. You agree to assign your rights to PayPal for any interest derived from your funds. See more information on Account balances here. If you have a PayPal balance, you may withdraw it to a bank account or to an eligible card linked to your PayPal Account. Applicable fees can be found in Exhibit A of the User Agreement. PayPal may delay a withdrawal in certain situations and set limits on your withdrawals. For more information on withdrawals, please see the Withdrawing Money section of the User Agreement. PayPal Fees PayPal Services are subject to fees as listed in the User Agreement. Please visit Exhibit A of the User Agreement for more information. Please note that your bank or card issuer may also charge you separate fees. You are solely responsible for paying bank or card issuer fees. Closing your Account You may close your Account and terminate your relationship with us at any time without cost by following the instructions in your account settings, but you will remain liable for all obligations related to your PayPal Account even after the PayPal Account is closed. You must withdraw any PayPal balance from your PayPal account before closing it. In certain cases, your PayPal Account may not be closed, as further detailed in the User Agreement.