Chargeback Protection Tool means the optional tool that protects eligible Advanced Credit and Debit Card Payments against “unauthorized” and “item not received” chargebacks.
Chargeback Protection Tool means the optional tool that protects eligible Advanced Credit and Debit Card Payments against “unauthorized” and “item not received” chargebacks. Critical Systems: The information technology (both hardware and software) that you employ to operate your Products, to protect them and your online points of sale against intrusion and interference, and to store payment-related and personal data, including any Card Data that you retain and all personal data about Shared Customers. CVV2 Data: The three-digit number printed to the right of the card number in the signature panel area on the back of the card. (For American Express cards, the code is a four-digit unembossed number printed above the card number on the front of the American Express card.) The CVV2 Data are uniquely associated with each individual plastic card and ties the card account number to the plastic. Data Breach: An intrusion into or malfunction of a computer system in which Card Data are stored, and which intrusion or malfunction either (a) exposes, modifies or destroys all or part of the Card Data in the system, or (b) runs a significant risk, in the opinion of a qualified expert in information security, of exposing, modifying or destroying all or part of the Card Data in the system. Card Data are exposed where they are released from the normal access controls of the system without authorisation, or where they are actually disclosed to one or more unauthorised persons. Fraud Protection: Technology provided by PayPal to enable you to (a) check a card payment against criteria such as the cardholder’s billing address (Address Verification Service or AVS), the card’s CVV2 Data, and databases of suspicious addresses, identifiers, and patterns, offered together with the Advanced Credit and Debit Card Payments API. General Data Protection Regulation: Regulation (EU) 2016/679 (General Data Protection Regulation)or any successor to it, together with all other laws about the privacy of citizens or residents of the member state of the European Economic Area in which you reside or are established as a business enterprise.
Chargeback Protection Tool you are required to provide proof of shipment or proof of delivery for goods or services for Eligible Transactions in order to retain the transaction amount and avoid paying any Chargeback Fee or Chargeback Maintenance Fee for such transaction. You must provide proof of delivery or proof of shipment shall be provided to PayPal within two days of receipt of the Chargeback claim (or such time period as otherwise specified by PayPal) in the manner specified by PayPal.
Examples of Chargeback Protection Tool in a sentence
Chargeback Protection Tool only applies to chargeback claims involving: (i) transactions not authorized by the cardholder, as determined by PayPal; and (ii) transactions where the item was not received (“Item Not Received”) by the buyer (collectively “Eligible Chargebacks”).
Chargeback Protection Tool does not apply to chargebacks involving transactions where the item received by the buyer is not what they ordered (“Significantly Not as Described”).
If you have provided us with incorrect information (for example, with respect to your business type) during the application process for Chargeback Protection Tool or during sign up for a PayPal account, we are entitled to recover all our chargeback losses from you (including for past transactions prior to us discovering that the information provided was incorrect).
The change will take effect immediately but will only apply to Eligible Chargebacks received for transactions that occur on or after the date you change the Chargeback Protection Tool option.
Chargeback Protection Tool also does not apply to items or transactions that are ineligible for PayPal’s Seller Protection program (“Ineligible Transactions”).
You may cancel your selected Chargeback Protection Tool option at any time from the product page here.
More Definitions of Chargeback Protection Tool
Chargeback Protection Tool is defined in Section 7.02 above.
Chargeback Protection Tool means the optional tool that protects eligible Advanced Credit and Debit Card Payments against “unauthorized” and “item not received” chargebacks. Critical Systems: The information technology (both hardware and software) that you employ to operate your Products, to protect them and your online points of sale against intrusion and interference, and to store payment-related and personal data, including any Card Data that you retain and all personal data about Shared Customers. CVV2 Data: The three-digit number printed to the right of the card number in the signature panel area on the back of the card. (For American Express cards, the code is a four-digit unembossed number printed above the card number on the front of the American Express card.) The CVV2 Data are uniquely associated with each individual plastic card and ties the card account number to the plastic. Data Breach: An intrusion into or malfunction of a computer system in which Card Data are stored, and which intrusion or malfunction either (a) exposes, modifies or destroys all or part of the Card Data in the system, or (b) runs a significant risk, in the opinion of a qualified expert in information security, of exposing, modifying or destroying all or part of the Card Data in the system. Card Data are exposed where they are released from the normal access controls of the system without authorisation, or where they are actually disclosed to one or more unauthorised persons. Fraud Protection: Technology provided by PayPal to enable you to (a) check a card payment against criteria such as the cardholder’s billing address (Address Verification Service or AVS), the card’s CVV2 Data, and databases of suspicious addresses, identifiers, and patterns, offered together with the Advanced Credit and Debit Card Payments API as an alternative to the Advanced Fraud Management Filters. General Data Protection Regulation: Regulation (EU) 2016/679 (General Data Protection Regulation)or any successor to it, together with all other laws about the privacy of citizens or residents of the member state of the European Economic Area in which you reside or are established as a business enterprise.