Verified status Clause Samples
The 'Verified status' clause establishes the requirement for certain information, actions, or parties to be confirmed as accurate or compliant before proceeding. In practice, this may involve a party providing documentation, evidence, or third-party confirmation to demonstrate that specific conditions have been met, such as identity verification, completion of obligations, or compliance with regulations. The core function of this clause is to ensure reliability and trust in the transaction or relationship by preventing reliance on unverified or potentially false information.
Verified status a. To obtain verified status you must complete the following steps: 1) Set up Direct Debit and complete the Random Deposit Process (available to applicable customers); or 2) add a credit card and complete the Expanded Use Programme.
b. PayPal may, from time to time, make available to you other methods or procedures for you to obtain “Verified” status. By highlighting a User as "Verified", PayPal onlyrepresents that the Verified user has completed the steps of the process to obtain the “Verified” status. Further to section 1.1 and byattributing Verified status to a user, PayPal neither guarantees, undertakes nor otherwise represents that a Verified user will complete a Commercial Transaction.
Verified status a. To obtain verified status you must complete the following steps depending on your Account status: For UK customers
1) Set up Direct Debit and complete the Random Deposit Process; or
2) Be successfully approved for and activate PayPal Credit.
1) Set up Direct Debit; complete the Random Deposit Process; and provide supplemental business information; or
2) Be successfully approved for and activate PayPal Credit; and provide supplemental business information. For non PayPal localised European countries customers: add a credit card and complete the Link and Confirm Card process.
b. By highlighting a user as “Verified” PayPal is only representing that the Verified user has completed the steps set out in section 2.3 (a). Further to section 1.1 and by attributing verified status to a user, PayPal is not guaranteeing, undertaking nor otherwise representing that a verified user will complete a commercial transaction.
Verified status. 1. To obtain Verified status you must: add a credit card and complete the Link and Confirm Card process.
2. PayPal may, from time to time, make available to you other methods or procedures for you to obtain “Verified” status. By highlighting a User as “Verified” PayPal only represents that the Verified user has completed the steps of the process to obtain “Verified” status. Further to section 1.1 and by attributing Verified status to a user, PayPal neither guarantees, undertakes nor otherwise represents that a Verified user will complete a Commercial Transaction.
Verified status a. To obtain Verified status you must complete the following steps depending on your Account status: