elgato
Joined: 24 Feb 2005
Posts: 17229
Location: Texas
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| Posted: Mon Dec 31, 2007 10:10 am Post subject: PayPal Updates User Agreement Effective January 25, 2008 |
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PayPal sent an email to US users on Friday to announce amendments to its User Agreement and to its PayPal Payment Pro and Virtual Terminal Agreement. The amended policies take effect on January 25, 2008.
Some users posting on industry discussion boards were unclear on what was actually changing in the User Agreement. Some believed PayPal was changing the default funding source, but a comparison of the policy update with the existing User Agreement - last changed in October - shows PayPal continues to fund transactions from users' account balances before any other method. PayPal draws from account balances even before using an account-holder's preferred funding source with the exception of PayPal Credit or eCheck. (See sections 3.2 and 3.3 in the old and new policies for exact wording.)
more.. link to news article |
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