#1: New Visa, Mastercard Requirements For PayPal Merchants Author: elgato,
Posted: Mon Jul 19, 2010 10:48 pm
All ecommerce sellers who accept PayPal will need to accept the new Commercial Entity Agreement by October 1, 2010 in order to continue receiving Visa and Mastercard funded payments.
Accepting this new Commercial Entity Agreement actually means that you are agreeing to accept each of the different commercial agreements for several banks.
Commercial Entity Agreement with JP Morgan Chase
Commercial Entity Agreement with HSBC
Commercial Entity Agreement with Wells Fargo
Commercial Entity Agreement with Wells Fargo – Pro
Commercial Entity Agreement with National Westminster Bank
Most of the Commercial Entity Agreements are very similiar but there are some differences. While the agreements are obviously very complex, I have tried to boil them down into a short list of 5 Do’s and Don’ts that encompasses the highlights of various agreements.
1. WHO can and should give and get information?
more.. link to news article
|