Preferred Payment Method definition
Examples of Preferred Payment Method in a sentence
You may select a Preferred Payment Method each time you make a payment, except for a Preapproved Payment or a No Log-In Payment.
If the Preferred Payment Method fails (for example, a credit card or debit card expires) and your PayPal account cannot complete a transaction, it may be used again to try to complete the transaction.
If the Preferred Payment Method in your PayPal account cannot complete a transaction after repeated attempts, each of the other payment methods available in your PayPal account may be used to try to complete the transaction.
For a Preapproved Payment in these countries, you can select a Preferred Payment Method when you provide your initial authorization for this payment and through the My Preapproved Payments section of your Account Profile.
For In-Store Checkout transactions, PayPal will only use your balance first if you, Paying User, select it as your first Preferred Payment Method and you have sufficient balance to cover the entire transaction amount.
Each time you make a payment, you may select a Preferred Payment Method.
If you cancel this authorization, we may decline any payment transaction for an In-Store Checkout using a Preferred Payment Method for which we cannot get a real time authorization.
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For In-Store Checkout transactions, if we are not able to get an authorization from the Preferred Payment Method you have set with us but we allow you to proceed with the transaction and pay the Merchant, you authorize us to debit your PayPal Account or any of the Payment Methods linked to your PayPal Account to fund your transaction or recover any amounts we paid the Merchant on your behalf.
Preferred Payment Method o Monthly (credit/debit card or bank draft) o Yearly (credit / debit card or bank draft) The parties have signed duplicate counterparts of this Agreement on the date written above and below.