Common use of Negative Balances and Multiple Currencies Clause in Contracts

Negative Balances and Multiple Currencies. If your Account has a negative balance, PayPal may set-off the negative balance with any funds that you subsequently add or receive into your Account. See more information here. PayPal’s liability is limited with respect to your PayPal Account and your use of the PayPal Services. Click here for more information. The PayPal Services are provided “as-is” and without any representation or warranty, whether express, implied or statutory. Click here for more information. The User Agreement shall be effective until terminated by you or by PayPal subject to the terms of the User Agreement. We note that for the purposes of the User Agreement (where applicable) a “Business Day” means Monday through Friday, excluding the official national holidays recognized in Singapore. For the purpose of Section 11(b) of the Payment Services Law, a Business Day is every day of the week starting at 00:00 and ending at 23:59. We may amend this Agreement at any time by posting a revised version on our website. The revised version will be effective at the time we post it. If the revised version includes a Substantial Change, we will provide you with 30 Days' prior notice of any Substantial Change by posting a notice on the "Policy Updates" page of our website. All future changes set out in the Policy Update already published on the “Legal Agreements” page of the PayPal website at the time you register for the PayPal Services are incorporated by reference into this Agreement and will take effect as specified in that Policy Update. Consumer advisory - The PayPal payment service is regarded as a stored value facility under Singapore law. PayPal Pte. Ltd., the holder of the PayPal stored value facility, does not require the approval of the Monetary Authority of Singapore. Consumers (Users) are advised to read these terms and conditions carefully. This is an important document which you must consider carefully when choosing whether to use the PayPal Services. Please note the following risks of using the PayPal Services: Payments received in your Account may be reversed at a later time, for example, if a payment is subject to a Chargeback, Reversal, Claim or is otherwise invalidated. This means that a payment may be reversed from your Account after you have provided the sender the goods or services that were purchased. If you are a Seller, you can lower the risk of a payment being reversed from your Account by following the criteria set out in the PayPal’s Seller Protection Program section and by following the other guidance provided in the "Security Center page" accessible via every page of the PayPal website. We may close, suspend, or limit your access to your Account or the PayPal Services, and/or limit access to your funds if you violate this Agreement, the PayPal Acceptable Use Policy, or any other agreement you enter into with PayPal. You are solely responsible for understanding and complying with any and all laws, rules and regulations of your specific jurisdiction that may be applicable to you in connection with your use of the PayPal Services, including but not limited to, those related to export or import activity, taxes or foreign currency transactions. This Agreement is not a solicitation of the PayPal Services and PayPal is not targeting any country/region or market through this Agreement. Back to top

Appears in 7 contracts

Samples: www.paypalobjects.com, www.paypalobjects.com, www.paypalobjects.com

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.