Holding a PayPal Balance. Any PayPal balance you hold in any PayPal account represents an unsecured claim against PayPal. PayPal combines your balance with the balances of other users and invests those funds in liquid investments. PayPal owns the interest or other earnings on these investments. These pooled amounts are held separate from PayPal’s corporate funds, and PayPal will neither use these funds for its operating expenses or any other corporate purposes nor will it voluntarily make these funds available to its creditors in the event of bankruptcy. PayPal is not a bank and does not itself take deposits. You will not receive any interest on the funds held with PayPal. Please refer to PayPal’s Business in Japan on information concerning statutory requirements in Japan for securing PayPal balance on behalf of our customers.
Appears in 5 contracts
Samples: Paypal User Agreement, Paypal User Agreement, Paypal User Agreement
