Common use of Withdrawing money Clause in Contracts

Withdrawing money. If you have a PayPal balance, you may withdraw any amount by transferring it to your local bank account registered with your PayPal account. When you instruct us to withdraw any amount of your PayPal balance, subject further to this user agreement we will: • convert the e-money to money that we can transfer to your bank account; and • instruct our own bank to transfer that money to your bank account. We aim to send the withdrawal payment instruction to our bank by the end of the next business day if there are no other delays subject to this user agreement. Once our bank receives our payment instruction, we have no control over how long the payment to you will take to complete. At this point, our bank, your bank and the payment systems that they rely on take over responsibility for getting the money to your bank account and this can affect the time it takes for you to receive your money. Fees may apply to withdrawals. Restrictions on transfers or withdrawals from PayPal accounts To protect you, our other users and us from loss and to allow us to comply with our anti-money laundering and other legal obligations, we may delay a withdrawal, in certain situations, including if we need to verify your identity or other information about your account, confirm that you have authorised the withdrawal or if payments to your PayPal account have been subject to a reversal (for example, as a result of a chargeback, bank reversal or dispute by a buyer). In addition, we may delay withdrawals of large sums of money while we perform a risk review. If we place a limitation on your PayPal account, a payment is subject to a hold, or your account or an associated account has a negative balance while a withdrawal from your PayPal account is pending, you will have to reinitiate the withdrawal once the limitation or hold has been lifted, or negative balance is fully paid off. We may set limits on your withdrawals, and you can view any withdrawal limit by logging into your PayPal account. You must follow the steps that we will notify to you or publish from time to time (which we may set out in your account overview) to lift your withdrawal limit.

Withdrawing money. If you have a PayPal balance, you may withdraw any amount by transferring it by: • Transferring it to your local a bank account registered with linked to your PayPal account. When you instruct us ; or • Transferring it to withdraw any amount of an eligible debit card linked to your PayPal balanceaccount, subject further to this user agreement we will: • convert the e-money fees applicable to money such transfers that we can transfer to your bank account; be found on the Fees for Transferring Balance (for personal accounts) page and • instruct our own bank to transfer that money to your bank accountthe Fees for Transferring Balance (for business accounts) page. We aim to send the withdrawal payment instruction to our bank by the end of the next business day if there are no other delays subject to this user agreement. Once our bank receives our payment instruction, we have no control over how long the payment The applicable fees will be disclosed to you will take to completein advance each time you initiate such a withdrawal. At this point, our bank, your bank and the payment systems Eligible debit cards include Visa debit cards that they rely on take over responsibility for getting the money to your bank account and this can affect the time it takes for you to receive your moneyparticipate in Instant Transfers. Fees may apply to withdrawals. Restrictions on transfers or withdrawals from PayPal accounts To protect you, us and our other users and us from loss and to allow us to comply with our anti-money laundering and other legal obligationsloss, we may delay a withdrawal, withdrawal in certain situations, including if we need to verify your identity or other information about your account, confirm that you have authorised authorized the withdrawal or if other payments to your PayPal account have been subject to a reversal (for example, as a result of a chargeback, bank reversal or dispute by a buyer). In addition, we may delay withdrawals of large sums of money while we perform a risk review. If we place a limitation on your PayPal account, a payment is subject to a hold, or your account or an associated account has a negative balance in any currency while a withdrawal from your PayPal account is pending, you will have to reinitiate the withdrawal once the limitation or hold has been lifted, or the negative balance is fully paid off. We may set limits on your withdrawals, and you can view any withdrawal limit by logging into your PayPal account. You must follow Completing the following steps can help us verify your PayPal account, which may allow us to remove any withdrawal cap: • Verifying your bank account; and • Linking and confirming your credit card or Visa debit card information. We don’t charge a fee to make a transfer to your bank account. If your debit card is eligible to receive withdrawals from your PayPal account, you will be provided the option to use it when you transfer money out of your PayPal balance, subject to the fees applicable to such transfers that we can be found on the Fees for Transferring Balance (for personal accounts) page and the Fees for Transferring Balance (for business accounts) page. The applicable fees will notify be disclosed to you or publish from in advance each time to time (which we may set out you initiate such a withdrawal. Eligible debit cards include Visa debit cards that participate in your account overview) to lift your withdrawal limitInstant Transfers.

Withdrawing money. If you have a PayPal balance, you may withdraw any amount by transferring it by: • Transferring it via a standard transfer to your local a bank account registered with linked to your PayPal account; or • Transferring it via an Instant Transfer using an eligible debit card linked to your PayPal account, subject to the fees applicable to such transfers that can be found on the Fees for Transferring Balance (for personal accounts) page and the Fees for Transferring Balance (for business accounts) page. When The applicable fees will be disclosed to you instruct us in advance each time you initiate such a withdrawal. If your debit card is eligible to withdraw any amount receive withdrawals from your PayPal account, you will be provided the option to use it when you transfer money out of your PayPal balance, subject further to this user agreement we will: • convert the e-money to money . Eligible debit cards include Visa debit cards that we can transfer to your bank account; and • instruct our own bank to transfer that money to your bank accountparticipate in Instant Transfers. We aim to send the withdrawal payment instruction to our bank by the end of the next business day if there are no other delays subject to this user agreement. Once our bank receives our payment instruction, we have no control over how long the payment to you will take to complete. At this point, our bank, your bank and the payment systems that they rely on take over responsibility for getting the money to your bank account and this can affect the time it takes for you to receive your money. Fees may apply to withdrawals. Restrictions on transfers or withdrawals from PayPal accounts To protect you, us and our other users and us from loss and to allow us to comply with our anti-money laundering and other legal obligationsloss, we may delay a withdrawal, withdrawal in certain situations, including if we need to verify your identity or other information about your account, confirm that you have authorised authorized the withdrawal or if other payments to your PayPal account have been subject to a reversal (for example, as a result of a chargeback, bank reversal or dispute by a buyer). In addition, we may delay withdrawals of large sums of money while we perform a risk review. If we place a limitation on your PayPal account, a payment is subject to a hold, or your account or an associated account has a negative balance in any currency while a withdrawal from your PayPal account is pending, you will have to reinitiate the withdrawal once the limitation or hold has been lifted, or the negative balance is fully paid off. We may set limits on your withdrawals, and you can view any withdrawal limit by logging into your PayPal account. You must follow Completing the following steps that we will notify can help us verify your PayPal account, which may allow us to you remove any withdrawal cap: • Verifying your bank account; and • Linking and confirming your credit card or publish from time to time (which we may set out in your account overview) to lift your withdrawal limitVisa debit card information.

Withdrawing money. If you have a PayPal balance, you may withdraw any amount by transferring it to your local bank account registered with your PayPal account. When you instruct us to withdraw any amount of your PayPal balance, subject further to this user agreement we will: • convert the e-money to money that we can transfer to your bank account; and • instruct our own bank to transfer that money to your bank account. We aim to send the withdrawal payment instruction to our bank by the end of the next business day if there are no other delays subject to this user agreement. Once our bank receives our payment instruction, we have no control over how long the payment to you will take to complete. At this point, our bank, your bank and the payment systems that they rely on take over responsibility for getting the money to your bank account and this can affect the time it takes for you to receive your money. Fees may apply to withdrawals. Restrictions on transfers or withdrawals from PayPal accounts To protect you, our other users and us from loss and to allow us to comply with our anti-anti- money laundering and other legal obligations, we may delay a withdrawal, in certain situations, including if we need to verify your identity or other information about your account, confirm that you have authorised the withdrawal or if payments to your PayPal account have been subject to a reversal (for example, as a result of a chargeback, bank reversal or dispute by a buyer). In addition, we may delay withdrawals of large sums of money while we perform a risk review. If we place a limitation on your PayPal account, a payment is subject to a hold, or your account or an associated account has a negative balance while a withdrawal from your PayPal account is pending, you will have to reinitiate the withdrawal once the limitation or hold has been lifted, or negative balance is fully paid off. We may set limits on your withdrawals, and you can view any withdrawal limit by logging into your PayPal account. You must follow the steps that we will notify to you or publish from time to time (which we may set out in your account overview) to lift your withdrawal limit.

Withdrawing money. If you have a PayPal balance, you may withdraw any amount by transferring it to your local bank account registered with nominated funding source linked to your PayPal account, as we may allow from time to time. This could include your bank account or debit or credit card, depending on the country in which your PayPal account is registered. When you instruct us to withdraw any amount of your PayPal balance, subject further to this user agreement we will: • convert Convert the e-electronic money to money that we can transfer to your bank account; and nominated funding source. • instruct Instruct our own bank to transfer that money to your bank accountnominated funding source. We aim to send the withdrawal payment instruction to our bank by the end of the next business Business Day (“Business Day” means a day on which banks in Luxembourg are open to the general public). if there are no other delays subject to this user agreement. Once our bank receives our payment instruction, we have no control over how long the payment to you will take to complete. At this point, our bank, your bank funding source provider and the payment systems that they rely on take over responsibility for getting the money to your bank account nominated funding source and this can affect the time it takes for you to receive your money. We may allow you to withdraw the money by transferring the money to: • An eligible bank account (where we make this available) through: • A standard transfer to your bank account linked to your account (this withdrawal/redemption functionality is sometimes known as “transfer to bank”); or • An Instant Transfer to your bank account linked to your account. We may allow the above transfers to be made through the debit card attached to that bank account. • Your branded MasterCard or Visa card (where we make this available). Fees may apply to withdrawals. Restrictions We will also disclose to you the fees in advance each time you initiate such a withdrawal. The funding source (for example, bank account or card) into which you request the withdrawal must be denominated in the original opening currency of your account or another currency that PayPal supports for withdrawals in your country of residence. You may only withdraw PayPal balance in the opening currency of your account, unless we agree otherwise. In order to withdraw PayPal balance held in another currency you will have to convert the currency to the opening currency of your account, or it will be converted for you at the time of your withdrawal. Our transaction exchange rate will be used. This means that if you withdraw: • A PayPal balance held in a currency other than the original opening currency of your account, the conversion into your original opening currency will be performed using our transaction exchange rate. • To a funding source (for example, bank account or card) denominated in a currency other than the original opening currency of your account, the conversion into the currency in which the funding source is denominated will be performed using our transaction exchange rate. Your issuer may also charge you if a currency conversion to the currency your card is issued in, is required. If you have a business account, this transactions exchange rate will not apply. Instead, you will pay a currency conversion fee applied on transfers or withdrawals from PayPal accounts an external base exchange rate as described on the Fees Page (see also the "How We Convert Currency" section). To protect you, our other users and us from loss and to allow us to comply with our anti-money laundering and other legal obligations, we may delay a withdrawal, in certain situations, including if we need to verify your identity or other information about your account, confirm that you have authorised authorized the withdrawal or if payments to your PayPal account have been subject to a reversal (for example, as a result of a chargeback, bank reversal or dispute by a buyer). In addition, we may delay withdrawals of large sums of money while we perform a risk review. If we place a limitation on your PayPal account, a payment is subject to a hold, or your account or an associated account has a negative balance in any currency while a withdrawal from your PayPal account is pending, you will have to reinitiate the withdrawal once the limitation or hold has been lifted, or negative balance is fully paid off. We may set limits on your withdrawals, and you can view any withdrawal limit by logging into your PayPal account. You must follow the steps that we will notify to you or publish from time to time (which we may set out in your account overview) to lift your withdrawal limit.

Withdrawing money. If you have a PayPal balance, you may withdraw any amount by transferring it to your local bank account registered with nominated funding source linked to your PayPal account, as we may allow from time to time. This could include your bank account or debit or credit card, depending on the country in which your PayPal account is registered. When you instruct us to withdraw any amount of your PayPal balance, subject further to this user agreement we will: • convert Convert the e-electronic money to money that we can transfer to your bank account; and nominated funding source. • instruct Instruct our own bank to transfer that money to your bank accountnominated funding source. We aim to send the withdrawal payment instruction to our bank by the end of the next business Business Day (“Business Day” means a day if on which banks in the UK are open to the general public). If there are no other delays subject to this user agreement. Once our bank receives our payment instruction, we have no control over how long the payment to you will take to complete. At this point, our bank, your bank funding source provider and the payment systems that they rely on take over responsibility for getting the money to your bank account nominated funding source and this can affect the time it takes for you to receive your money. We may allow you to withdraw the money by transferring the money to: • An eligible bank account (where we make this available) through: • A standard transfer to your bank account linked to your account (this withdrawal/redemption functionality is sometimes known as “transfer to bank”); or • An Instant Transfer to your bank account linked to your account. We may allow the above transfers to be made through the debit card attached to that bank account. • Your branded MasterCard or Visa card (where we make this available). Fees may apply to withdrawals. Restrictions We will also disclose to you the fees in advance each time you initiate such a withdrawal. The funding source (for example, bank account or card) into which you request the withdrawal must be denominated in the original opening currency of your account or another currency that PayPal supports for withdrawals in your country of residence. You may only withdraw PayPal balance in the opening currency of your account, unless we agree otherwise. In order to withdraw PayPal balance held in another currency you will have to convert the currency to the opening currency of your account, or it will be converted for you at the time of your withdrawal. Our transaction exchange rate will be used. This means that if you withdraw: • A PayPal balance held in a currency other than the original opening currency of your account, the conversion into your original opening currency will be performed using our transaction exchange rate. • To a funding source (for example, bank account or card) denominated in a currency other than the original opening currency of your account, the conversion into the currency in which the funding source is denominated will be performed using our transaction exchange rate. Your issuer may also charge you if a currency conversion to the currency your card is issued in, is required. If you have a business account, this transactions exchange rate will not apply. Instead, you will pay a currency conversion fee applied on transfers or withdrawals from PayPal accounts an external base exchange rate as described on the Fees Page (see also the "How We Convert Currency" section). To protect you, our other users and us from loss and to allow us to comply with our anti-money laundering and other legal obligations, we may delay a withdrawal, in certain situations, including if we need to verify your identity or other information about your account, confirm that you have authorised the withdrawal or if payments to your PayPal account have been subject to a reversal (for example, as a result of a chargeback, bank reversal or dispute by a buyer). In addition, we may delay withdrawals of large sums of money while we perform a risk review. If we place a limitation on your PayPal account, a payment is subject to a hold, or your account or an associated account has a negative balance in any currency while a withdrawal from your PayPal account is pending, you will have to reinitiate the withdrawal once the limitation or hold has been lifted, or negative balance is fully paid off. We may set limits on your withdrawals, and you can view any withdrawal limit by logging into your PayPal account. You must follow the steps that we will notify to you or publish from time to time (which we may set out in your account overview) to lift your withdrawal limitlimit.‌ Managing Your Money in Multiple Currencies When you open your account, it is configured for use with the opening currency of your account. The opening currency of your account is pounds sterling (GBP). You may set the currency on your card. We may configure your account further so that you can use it to store money and send and receive payments in currencies other than the opening currency of your account. If you hold a PayPal balance, we may allow you to convert it to balance in another currency. If your PayPal balance is not enough to cover the amount of a payment you instruct us to make in a particular currency, we may perform a currency conversion from any PayPal balance in another currency to cover the shortfall. There may be some restrictions on where you can send payments in certain currencies. We may allow you to choose the way in which your account treats and/or converts payments received in currencies other than the opening currency of your account. To receive money in a currency other than the opening currency of your account, it may be necessary to create a balance in that currency or convert the money into another currency that we allow you to hold. Payments in certain currencies can only be received by automatic conversion of the money into another currency that we allow you to hold. If you receive a payment from anyone who doesn't have a PayPal account and that payment is in a currency which your account is not currently configured to use, we may automatically convert the amount received into a currency that your account is configured to use at the time the payment is made. Please see the Withdrawing Money section above to see how withdrawals in different currencies can be made. If one of the currency balances in your account shows that you owe us an amount of funds for any reason, we may set off the amount you owe us by using funds you maintain in a different currency balance or by deducting amounts you owe us from money you receive into your account, or money you attempt to withdraw or send from your account, or in a different account, and by deducting funds from any withdrawals you attempt to make. If, for a period of 21 days, you have a PayPal balance that reflects an amount owing to us that is not in the opening currency of your account, we may convert the amount you owe us to that opening currency. We may, at our discretion, impose limits on the amount of money you can convert or the number of conversions you can perform. You are responsible for all risks associated with maintaining multiple currencies in a PayPal account. You may not manage or convert currencies for speculative trading purposes, conversion arbitrage, conversion options, or any other activity that we determine is primarily for the purpose of gaining or making money based on currency conversion rates. We may hold, cancel, or reverse any transaction we determine to violate this policy. How we convert currency Other than as set out below and on the Fees Page, if PayPal converts currency, it will be completed at the transaction exchange rate we set for the relevant currency exchange. The transaction exchange rate is adjusted regularly, typically between 5pm and 7pm Eastern Standard Time (EST) (in New York City, USA) on every Business Day and those changes will be applied immediately. You can access a "Currency Converter" tool to see what transaction exchange rate may apply for certain currency conversions. Any rates shown using the Currency Converter tool indicate the applicable rates at the time you use the tool and are subject to change. Subject to other provisions of the user agreement, when you complete a transaction, the transaction exchange rate applying to the transaction will be shown to you so you can decide to make your payment at that rate or not. In certain circumstances, that transaction exchange rate may apply to the payment for the transaction whenever it is processed; or that rate may be valid only if transaction is processed by the seller within a limited time, as stated prior to the initiation of the transaction. After that limited time, we may use the transaction exchange rate in effect at the time the transaction is processed by the seller, or not perform the currency conversion. If you have authorized a payment under a billing agreement, or if we cannot communicate with you at the time when you authorize an in-person payment (for example because you or the seller does not have connectivity at that time) and we perform a currency conversion for that payment, we will use the transaction exchange rate in effect at the time the payment transaction is processed by the seller. Therefore, the transaction exchange rate for each payment under a billing agreement or where we haven’t been able to communicate with you at the time when you authorize an in-person payment may vary. Holds or limitations may delay currency conversion of amounts until such holds or limitations are released. This may result in the application of a currency conversion that is different from the transaction exchange rate that would have been applied had no account hold(s) or limitation(s) been in place. Currency conversions in these circumstances may be more favourable or less favourable to you. If you are a seller and you have agreed that you will bear the transaction exchange rate rather than the buyer, or if you have a business account and you convert currency in your PayPal account that does not form part of a specific transaction into or out of your account (e.g. converting your balance to another currency), the transaction exchange rate will not apply. Instead, you will pay a currency conversion fee applied on an external base exchange rate, as described on the Fees Page. The external base exchange rate is based on rates within the wholesale currency markets on the conversion day or the prior Business Day. Currency conversion choices When your payment is funded by a debit or credit card and PayPal determines currency conversion is necessary, you consent to and authorise us to convert the currency in place of your debit or credit card issuer. This means that we will convert the currency at our rate and a different rate could be applied than if your card issuer had carried out the conversion. You may have the right to have your card issuer convert the currency of the card payment into the currency in which you send the payment from your PayPal account, if applicable for that card issuer and network. This selection may be presented to you in various forms, including setting the currency of your card, a choice of which currency is used for the transaction, whether we or your card issuer performs the conversion, or which conversion rate is used for the transaction, among others. If your card issuer converts the currency, your card issuer will determine the currency conversion rate and what fees they may charge. PayPal will always perform the conversion for transactions where you use existing balance or your linked bank account is the funding source. If PayPal determines currency conversion is necessary for a transaction that also requires a backup funding source to be chosen, you may not be able to separately choose whether PayPal or your card issuer performs the currency conversion on the payment from your backup funding source. Where a currency conversion is offered at the point of sale by the merchant, not by PayPal, and you choose to authorise the payment transaction on the basis of the merchant's exchange rate and charges, PayPal has no liability to you for that currency conversion.

Withdrawing money. If you have a PayPal UCanPay® E-Wallet balance, you may withdraw any amount it by transferring it to your local the bank account registered with that is linked to your PayPal UCanPay® E-Wallet account. When you instruct us to withdraw any amount of your PayPal balance, subject further to this user agreement we will: • convert the e-money to money that we can transfer to your bank account; and • instruct our own bank to transfer that money to your bank account. We aim to send the withdrawal payment instruction to our bank by the end of the next business day if there are no other delays subject to this user agreement. Once our bank receives our payment instruction, we have no control over how long the payment The applicable fees will be disclosed to you will take to completein advance each time you initiate such a withdrawal. At this point, our bank, your bank and the payment systems that they rely on take over responsibility for getting the money to your bank account and this can affect the time it takes for you to receive your money. Fees may apply to withdrawals. Restrictions on transfers or withdrawals from PayPal accounts To protect you, us and our other users and us from loss and to allow us to comply with our anti-money laundering and other legal obligationsloss, we may delay a withdrawal, withdrawal in certain situations, including if when we need to verify your identity or other information about your account, confirm that you have authorised authorized the withdrawal or if payments to your PayPal account have been subject to a reversal (for example, as a result of a chargeback, bank reversal or dispute by a buyer). In addition, we may delay withdrawals of large sums of money while we perform a risk reviewwithdrawal. If we place a limitation restrictions on your PayPal UCanPay® E-Wallet account, a payment is subject to a hold, or your account or an associated account has a negative balance while a withdrawal from your PayPal UCanPay® E-Wallet account is pending, you will have to reinitiate the withdrawal once the limitation restriction or hold has been lifted, or the negative balance is fully paid off. We may set limits on your withdrawals, and you can view any withdrawal limit by logging into your PayPal UCanPay® E-Wallet account. Completing the following steps can help us verify your UCanPay® E-Wallet account, which may allow us to upgrade your withdrawal cap: · Linking your bank account; or · Verifying an identity document Account Statements You must follow have the steps that we will notify right to receive an account statement showing your UCanPay® E-Wallet account activities. You can view your UCanPay® E-Wallet account statement by logging into your UCanPay® account. Sending money When this function becomes available, certain E-wallet account levels allow you to send money to a friend or publish from time to time (which we may set out family member using the send money feature in your account overview) UCanPay® E-Wallet account. If the person to lift whom you are sending money does not have a UCanPay® E-Wallet account, they can claim it by opening a UCanPay® E-Wallet account. If they don’t claim it, it will be refunded to you. Receiving money from a friend or family member is described under Receiving Money. We may, at our discretion, impose limits on the amount of money that you can send. You can view any sending limit by logging into your withdrawal limitUCanPay® E-Wallet account. We may increase your sending limits if you complete the additional steps to verify your identity as described under “Withdrawing Money”.

Withdrawing money. If you have a premier or business account with a PayPal balance, you may withdraw any amount it by transferring it to your local bank account registered with or to your U.S. bank account linked to your PayPal account. When you instruct us to withdraw any amount of your PayPal balance, subject further to this user agreement we will: • convert the e-money to money that we can transfer to your bank account; and • instruct our own bank to transfer that money to your bank account. We aim to send the withdrawal payment instruction to our bank by the end of the next business day if there are no other delays subject to this user agreement. Once our bank receives our payment instruction, we have no control over how long the payment to you will take to complete. At this point, our bank, your bank and the payment systems that they rely on take over responsibility for getting the money to your bank account and this can affect the time it takes for you to receive your money. Fees may apply to withdrawals. Restrictions on transfers or withdrawals from PayPal accounts To protect you, us and our other users and us from loss and to allow us to comply with our anti-money laundering and other legal obligationsloss, we may delay a withdrawal, withdrawal in certain situations, including if we need to verify your identity or other information about your account, confirm that you have authorised authorized the withdrawal or if other payments to your PayPal account have been subject to a reversal (for example, as a result of a chargeback, bank reversal or dispute by a buyer). In addition, we may delay withdrawals of large sums of money while we perform a risk review. If we place a limitation on your PayPal account, a payment is subject to a hold, or your account or an associated account has a negative balance in any currency while a withdrawal from your PayPal account is pending, you will have to reinitiate the withdrawal once the limitation or hold has been lifted, or the negative balance is fully paid off. We may set limits on your withdrawals, and you can view any withdrawal limit by logging into your PayPal account. PayPal balance from personal accounts cannot be withdrawn into a bank account. Managing Your Money in Multiple Currencies Holding currency PayPal balance may be held in any of the currencies supported by PayPal, and you may hold a balance in more than one of these currencies at the same time. If you hold a balance in your PayPal account: • We may allow you to convert the funds to a balance in another currency. If you convert funds in your account, PayPal’s transaction exchange rate (including our currency conversion fee) will be used. We may, at our discretion, impose limits on the amount of money you can convert or the number of conversions you can perform. • If you are a premier or business account user, you may withdraw funds in Japanese Yen, if your linked bank account is a local bank account. We do however permit U.S. dollar currency withdrawals if you have a U.S. bank account linked to your PayPal account. In order to withdraw funds held in Japanese Yen in your premier or business account to a linked U.S. bank account, you will have to convert the currency to U.S. dollars, or it will be converted for you at the time of your withdrawal. PayPal’s transaction exchange rate, including our currency conversion fee, will be used. To receive money in a currency your account is not currently configured to accept, it may be necessary to create a balance in your PayPal account in that currency or convert the money into another currency. Certain currencies can only be received by converting the money into another currency that PayPal allows you to hold. If the money is converted, PayPal’s transaction exchange rate (including our currency conversion fee) will be used. You are responsible for all risks associated with maintaining multiple currencies in your PayPal account. You may not manage or convert currencies for speculative trading purposes, conversion arbitrage, conversion options, or any other activity that PayPal determines is primarily for the purpose of gaining or making money based on currency conversion rates. PayPal may hold, cancel, or reverse any transaction we determine to violate this policy. How we convert currency If PayPal converts currency, it will be completed at the transaction exchange rate we set for the relevant currency exchange. The transaction exchange rate is adjusted regularly and includes a currency conversion fee applied and retained by us on a base exchange rate to form the rate applicable to your conversion. The base exchange rate is based on rates within the wholesale currency markets on the conversion day or the prior Business Day; or, if required by law or regulation, set at the relevant government reference rate(s). For some uses of your PayPal accounts, PayPal may determine currency conversion is necessary. The currency conversion fee applicable can be found on our Fees page under the heading Currency conversion fees. Currency conversion choices When your payment is funded by a credit or debit card and PayPal determines a currency conversion is necessary, you consent to and authorize PayPal to convert the currency in place of your credit or debit card issuer. You may have the right to have your card issuer perform the currency conversion, if applicable for that card issuer and network. Currency preference selections may be presented to you in various forms, including a choice of which currency is used for the transaction, whether PayPal or your card issuer performs the conversion, or which conversion rate is used for the transaction, among others, and may be made available individually for each card and for each automatic payment agreement. If your card issuer converts the currency, your card issuer will determine the currency conversion rate and what fees they may charge. PayPal will always perform the conversion for transactions where your PayPal balance or linked bank account is the payment method. Account Statements You may view any account statement(s) or other account activity information made available to you by logging into your PayPal account. Sending Money to or Receiving Money From a Friend or Family Member Sending money If you have a personal account, you will not be able to send money to a friend or family member unless you convert to a premier account and complete the Know Your Customer procedure. If you have a premier or business account, you can send money to a friend or family member using the send money feature in your PayPal account (sometimes called “personal payments” or “peer-to-peer/P2P payments”). You can send money to a friend or family member even if they don’t have a PayPal account at the time you send them money, using their email address, in any currency that PayPal supports. Bank accounts and PayPal balance are the only payment methods that can be used to send money to a friend or family member. If the person to whom you are sending money does not have a PayPal account, they can claim it by opening a premier account which requires the linking of a bank account or completing the Know Your Customer procedure. If they don’t claim it, it will be refunded to you. Receiving money from a friend or family member is described under Receiving Money. When sending money from PayPal accounts, there is a statutory limitation of one million Japanese Yen (¥1,000,000 JPY) for each transaction. We may, at our discretion, impose limits on the amount of money you can send, including money you send for purchases. You can view any sending limit by logging into your PayPal account. We may increase your sending limits if you complete the same steps to verify your information as is required for the removal of withdrawal limits. When you send money to a friend or family member, one of three things may happen: they may accept, decline or fail to claim the money. If they either decline to accept the money or don’t claim it within 30 days of the date it is sent, the money (including any fees you were charged) will be refunded to your PayPal balance, if you used your PayPal balance as the payment method. If you used a bank account as the payment method, we will refund the money to your bank account or to your PayPal balance if we cannot refund it to your bank account. Receiving money If a friend or family member sends money to you, the money will appear in your PayPal balance. To receive money in a currency your account is not currently configured to accept, it may be necessary to create a balance in that currency or convert the money into another currency. Certain currencies can only be received by converting the money into another currency that PayPal allows you to hold. If the money is converted, PayPal’s transaction exchange rate (including our currency conversion fee) will be used. Fees for Sending Money to Friends and Family The fees applicable to sending money can be found on our Sending Money to Friends and Family table and will be disclosed to you in advance each time you initiate a transaction to send money to a friend or family member. If you convert money in your PayPal balance from one currency to another before sending money, PayPal’s transaction exchange rate (including our currency conversion fee) will be used. You can also use the send money feature in your PayPal account to pay for goods or services. You will not be charged any transaction fee for sending money to purchase goods or services as long as you choose the “send money to pay for goods and services” feature in your PayPal account. In that case, the seller will pay the fees. You must follow not use the steps “send money to a friend or family member” feature in your PayPal account when you are paying for goods or services. Buying Something From, or Returning Something to, a Seller Who Accepts PayPal How to buy something You can buy something from a seller who accepts PayPal, in any currency that the seller accepts and that PayPal supports, using money in your PayPal balance, or using any payment method linked to your PayPal account. This includes, for example: • Buying something at an online retailer’s website and selecting PayPal as your payment method at checkout. • Sending money to a seller for good or services. • Using your PayPal account to buy something at a seller’s physical store. In order to manage risk, PayPal may limit the payment methods available for a transaction when you buy something. In addition, payment methods may be limited for certain sellers or if you make a PayPal payment through certain third-party websites or applications. When you authorize a payment to a seller who accepts PayPal, some sellers may take up to 30 days to complete the transaction. In these instances, your payment may appear as a pending order in your PayPal account. In that case, your authorization of the payment will remain valid until the seller completes the transaction (but no longer than 30 days). If you used a credit or debit card as the payment method, your credit or debit card issuer also may show a pending authorization for a period of time until they release the hold or receive a completed transaction. If your payment requires a currency conversion by us, the transaction exchange rate will be determined and applied as described in the How we convert currency section and will be determined at the time the payment is processed. Fees When you buy something from a seller who accepts PayPal, you don’t pay a fee to PayPal. If PayPal performs a currency conversion for your purchase, PayPal’s transaction exchange rate (including our currency conversion fee) will be used. Your credit or debit card issuer may also charge you a separate fee for transactions. Payment review When PayPal identifies a potentially high-risk transaction, we review the transaction more closely before allowing it to proceed. When this happens, PayPal will place a hold on the transaction and notify the seller to delay shipping of the item. As a buyer, this may delay your receipt of the item you purchased. If we clear the transaction, we will notify the seller and direct them to ship the item to you. If we don’t clear the transaction, we will cancel it and return the funds to you, unless we are legally required to take other action. Automatic payments You can agree with a seller who accepts PayPal to use PayPal as the payment method for future purchases with that seller. This agreement is between you and the seller and allows the seller to take funds from your PayPal account with your authorization on a one-time, regular or publish sporadic basis. Examples of automatic payments that can be arranged by you either with a seller or with PayPal include those that PayPal calls a “billing agreement,” “subscription,” “recurring payment,” “reference transaction,” “preauthorized transfer,” or “preapproved payment.” You may cancel an automatic payment up to 3 Business Days before the date of the next scheduled payment from time to time (which we may set out in your account overviewsettings or by contacting us through the PayPal Help Center. Once an automatic payment is canceled, all future automatic payments under your agreement with that seller will be stopped. If you cancel an automatic payment, you may still owe the seller money for the purchase or have additional obligations to the seller for any goods or services that you receive but have not paid for and you may be required to pay the seller through alternative means. If you have authorized an automatic payment and PayPal performs currency conversion for an automatic payment transaction, PayPal will use the transaction exchange rate (including PayPal’s currency conversion fee) to lift your withdrawal limitin effect at the time the automatic payment transaction is processed.

Withdrawing money. If you have a PayPal balance, you may withdraw any amount by transferring it to your local bank account registered with nominated funding source linked to your PayPal account, as we may allow from time to time. This could include your bank account or debit or credit card, depending on the country in which your PayPal account is registered. When you instruct us to withdraw any amount of your PayPal balance, subject further to this user agreement we will: • convert Convert the e-electronic money to money that we can transfer to your bank account; and nominated funding source. • instruct Instruct our own bank to transfer that money to your bank accountnominated funding source. We aim to send the withdrawal payment instruction to our bank by the end of the next business Business Day (“Business Day” means a day on which banks in Luxembourg are open to the general public). if there are no other delays subject to this user agreement. Once our bank receives our payment instruction, we have no control over how long the payment to you will take to complete. At this point, our bank, your bank funding source provider and the payment systems that they rely on take over responsibility for getting the money to your bank account nominated funding source and this can affect the time it takes for you to receive your money. We may allow you to withdraw the money by transferring the money to: • An eligible bank account (where we make this available) through: • A standard transfer to your bank account linked to your account (this withdrawal/redemption functionality is sometimes known as “transfer to bank”). • An Instant Transfer to your bank account linked to your account. We may allow the above transfers to be made through the debit card attached to that bank account. • Your branded MasterCard or Visa card (where we make this available). Fees may apply to withdrawals. Restrictions on transfers We will also disclose to you the fees in advance each time you initiate such a withdrawal. The funding source (for example, bank account or card) into which you request the withdrawal must be denominated in the original opening currency of your account or another currency that PayPal supports for withdrawals from in your country of residence. You may only withdraw PayPal accounts balance in the opening currency of your account, unless we agree otherwise. In order to withdraw PayPal balance held in another currency you will have to convert the currency to the opening currency of your account, or it will be converted for you at the time of your withdrawal. Our transaction exchange rate will be used. This means that if you withdraw: • A PayPal balance held in a currency other than the original opening currency of your account, you will be charged a fee for the conversion into your original opening currency. • To a funding source (for example, bank account or card) denominated in a currency other than the original opening currency of your account, you will be charged a fee for the conversion into the currency in which the funding source is denominated. To protect you, our other users and us from loss and to allow us to comply with our anti-money laundering and other legal obligations, we may delay a withdrawal, in certain situations, including if we need to verify your identity or other information about your account, confirm that you have authorised authorized the withdrawal or if payments to your PayPal account have been subject to a reversal (for example, as a result of a chargeback, bank reversal or dispute by a buyer). In addition, we may delay withdrawals of large sums of money while we perform a risk review. If we place a limitation on your PayPal account, a payment is subject to a hold, or your account or an associated account has a negative balance in any currency while a withdrawal from your PayPal account is pending, you will have to reinitiate the withdrawal once the limitation or hold has been lifted, or negative balance is fully paid off. We may set limits on your withdrawals, and you can view any withdrawal limit by logging into your PayPal account. You must follow the steps that we will notify to you or publish from time to time (which we may set out in your account overview) to lift your withdrawal limit.

Withdrawing money. If you have a PayPal balance, you may withdraw any amount by transferring it to your local bank account registered with nominated funding source linked to your PayPal account, as we may allow from time to time. This could include your bank account or debit or credit card, depending on the country in which your PayPal account is registered. When you instruct us to withdraw any amount of your PayPal balance, subject further to this user agreement we will: • convert Convert the e-electronic money to money that we can transfer to your bank account; and nominated funding source. • instruct Instruct our own bank to transfer that money to your bank accountnominated funding source. We aim to send the withdrawal payment instruction to our bank by the end of the next business Business Day (“Business Day” means a day on which banks in Luxembourg are open to the general public). if there are no other delays subject to this user agreement. Once our bank receives our payment instruction, we have no control over how long the payment to you will take to complete. At this point, our bank, your bank funding source provider and the payment systems that they rely on take over responsibility for getting the money to your bank account nominated funding source and this can affect the time it takes for you to receive your money. We may allow you to withdraw the money by transferring the money to: • An eligible bank account (where we make this available) through: • A standard transfer to your bank account linked to your account (this withdrawal/redemption functionality is sometimes known as “transfer to bank”). • An Instant Transfer to your bank account linked to your account. We may allow the above transfers to be made through the debit card attached to that bank account. • Your branded MasterCard or Visa card (where we make this available). Fees may apply to withdrawals. Restrictions on transfers We will also disclose to you the fees in advance each time you initiate such a withdrawal. The funding source (for example, bank account or card) into which you request the withdrawal must be denominated in the original opening currency of your account or another currency that PayPal supports for withdrawals from in your country of residence. You may only withdraw PayPal accounts balance in the opening currency of your account, unless we agree otherwise. In order to withdraw PayPal balance held in another currency you will have to convert the currency to the opening currency of your account, or it will be converted for you at the time of your withdrawal. Our transaction exchange rate will be used. This means that if you withdraw: • A PayPal balance held in a currency other than the original opening currency of your account, you will be charged a fee for the conversion into your original opening currency. • To a funding source (for example, bank account or card) denominated in a currency other than the original opening currency of your account, you will be charged a fee for the conversion into the currency in which the funding source is denominated. To protect you, our other users and us from loss and to allow us to comply with our anti-money laundering and other legal obligations, we may delay a withdrawal, in certain situations, including if we need to verify your identity or other information about your account, confirm that you have authorised the withdrawal or if payments to your PayPal account have been subject to a reversal (for example, as a result of a chargeback, bank reversal or dispute by a buyer). In addition, we may delay withdrawals of large sums of money while we perform a risk review. If we place a limitation on your PayPal account, a payment is subject to a hold, or your account or an associated account has a negative balance in any currency while a withdrawal from your PayPal account is pending, you will have to reinitiate the withdrawal once the limitation or hold has been lifted, or negative balance is fully paid off. We may set limits on your withdrawals, and you can view any withdrawal limit by logging into your PayPal account. You must follow the steps that we will notify to you or publish from time to time (which we may set out in your account overview) to lift your withdrawal limit.

Withdrawing money. If you have a PayPal balance, you may withdraw any amount by transferring it to your local bank account registered with your PayPal account. When you instruct us to withdraw any amount of your PayPal balance, subject further to this user agreement we will: • convert the e-money to money that we can transfer to your bank account; and • instruct our own bank to transfer that money to your bank account. We aim to send the withdrawal payment instruction to our bank by the end of the next business day if there are no other delays subject to this user agreement. Once our bank receives our payment instruction, we have no control over how long the payment to you will take to complete. At this point, our bank, your bank and the payment systems that they rely on take over responsibility for getting the money to your bank account and this can affect the time it takes for you to receive your money. Fees may apply to withdrawals. Restrictions on transfers or withdrawals from PayPal accounts To protect you, our other users and us from loss and to allow us to comply with our anti-money laundering and other legal obligations, we may delay a withdrawal, in certain situations, including if we need to verify your identity or other information about your account, confirm that you have authorised the withdrawal or if payments to your PayPal account have been subject to a reversal (for example, as a result of a chargeback, bank reversal or dispute by a buyer). In addition, we may delay withdrawals of large sums of money while we perform a risk review. If we place a limitation on your PayPal account, a payment is subject to a hold, or your account or an associated account has a negative balance while a withdrawal from your PayPal account is pending, you will have to reinitiate the withdrawal once the limitation or hold has been lifted, or negative balance is fully paid off. We may set limits on your withdrawals, and you can view any withdrawal limit by logging into your PayPal account. You must follow the steps that we will notify to you or publish from time to time (which we may set out in your account overview) to lift your withdrawal limit. International payments‌ When transactions require a currency conversion, PayPal engages a licensed bank to perform the currency conversion. The exchange rate is determined based on rates available in the wholesale currency market and PayPal applies the Currency Conversion Fee to the exchange rate. When your payment is funded by an international card and a currency conversion is necessary, you may: • Use the conversion rate arranged by PayPal, based on rates available in the wholesale currency market, and pay in Brazilian Reais (if the card issuer allows this option). In this case, although the final price is shown in Brazilian Reais, this is an international payment subject to Tax on Financial Transactions (IOF), or • Have your card issuer convert the currency of the card payment into the currency in which you send the payment from your PayPal account, if applicable for that card issuer and network. Your card issuer will determine the currency conversion rate and what fees they may charge. It is your responsibility to pay any applicable importation taxes.

Withdrawing money. If you have a PayPal balance, you may withdraw any amount by transferring it by:  Transferring it to your local a bank account registered with linked to your PayPal account,  Transferring it to an eligible debit card linked to your PayPal account, subject to the fees applicable to such transfers that can be found on the Fees for Transferring Balance (for personal accounts) page and the Fees for Transferring Balance (for business accounts) page and that will be disclosed to you in advance each time you initiate such a withdrawal. When  If we have verified the required identifying information you instruct provided to us, withdrawing it from an ATM (automated teller machine) using your PayPal-branded debit card (fees may apply), or  If we have verified the required identifying information you provided to us, requesting a check from us (subject to withdraw any a non-refundable fee of $1.50, which will be deducted from the amount of your PayPal balance, subject further to this user agreement we will: • convert the e-money to money that we can transfer to your bank account; and • instruct our own bank to transfer that money to your bank accountwithdrawal). We aim to send the withdrawal payment instruction to our bank by the end of the next business day if there are no other delays subject to this user agreement. Once our bank receives our payment instruction, we have no control over how long the payment to you will take to complete. At this point, our bank, your bank and the payment systems that they rely on take over responsibility for getting the money to your bank account and this can affect the time it takes for you to receive your money. Fees may apply to withdrawals. Restrictions on transfers or withdrawals from PayPal accounts To protect you, our other users and us from loss and to allow us to comply with our anti-money laundering and other legal obligations, we may delay a withdrawal, in certain situations, including if we need to verify your identity or other information about your account, confirm that you have authorised the withdrawal has been authorized by you or if other payments to your PayPal account have been subject to a reversal reversed (for example, as a result of a chargeback, bank reversal or dispute by a buyer). In additionAdditionally, we may delay withdrawals of large sums of money while we perform a risk review. If if we place a limitation on your PayPal account, a payment is subject to a hold, or your account or an associated account has a negative balance while a withdrawal from your PayPal account is pending, you will have to reinitiate the withdrawal once the limitation or hold has been lifted, or negative balance is fully paid off. We may set limits on your withdrawals, and you can view any your withdrawal limit limit, if any, by logging into your PayPal account. You Completing two out of three of the following steps can help us verify your PayPal account, which may allow us to remove any withdrawal cap:  Verifying your bank account.  Linking and confirming your credit or debit card information.  Providing your social security number. We don’t charge a fee to make a transfer to your bank. If your debit card is eligible to receive withdrawals from your PayPal account, you will be provided the option to use it when you transfer money out of your PayPal balance, subject to the fees applicable to such transfers that can be found on the Fees for Transferring Balance (for personal accounts) page (see Exhibit A-1 to this pdf copy of the User Agreement) and the Fees for Transferring Balance (for business accounts) page (see Exhibit A-2 to this pdf copy of the User Agreement) and that will be disclosed to you in advance each time you initiate such a withdrawal. When you withdraw funds from an ATM using a PayPal-branded debit card, you may be charged a fee by the owner of the ATM and an additional fee by us per the terms of your Cardholder Agreement that can be found on the Legal Agreements page. Other withdrawal limits also apply to the use of your PayPal-branded debit card. Please refer to the applicable Cardholder Agreement for details that can be found on the Legal Agreements page. If you request a paper check from us, you must follow cash it within 180 days of the steps that date of issuance, or we will notify return the funds to your PayPal balance and retain the non-refundable fee of $1.50. We will not send a check to a post office box, and we will only send a check to an address once we have confirmed that it belongs to you. If you or publish from time to time (which we may set out received funds in your PayPal account overview) but we have not verified the required identifying information that you have provided to lift us, you will be able to transfer the funds to a linked U.S. bank account or eligible debit card, but you will not be able to withdraw funds from an ATM and we will not send you a paper check for the funds. If you do not link a bank account or an eligible debit card to your withdrawal limitPayPal account, we will hold the funds for you until you link a bank account, an eligible debit card, or until we verify the required identifying information that you provided to us.

Withdrawing money. If you have a PayPal balance, you may withdraw any amount by transferring it to your local bank account registered with nominated funding source linked to your PayPal account, as we may allow from time to time. This could include your bank account or debit or credit card, depending on the country in which your PayPal account is registered. When you instruct us to withdraw any amount of your PayPal balance, subject further to this user agreement we will: • convert the e-electronic money to money that we can transfer to your bank accountnominated funding source; and • instruct our own bank to transfer that money to your bank accountnominated funding source. We aim to send the withdrawal payment instruction to our bank by the end of the next business Business Day (“Business Day” means a day on which banks in Singapore are open to the general public). if there are no other delays subject to this user agreement. Once our bank receives our payment instruction, we have no control over how long the payment to you will take to complete. At this point, our bank, your bank funding source provider and the payment systems that they rely on take over responsibility for getting the money to your bank account nominated funding source and this can affect the time it takes for you to receive your money. We may allow you to withdraw the money by transferring the money to: • an eligible bank account (where we make this available) through: • a standard transfer to your bank account linked to your account (this withdrawal/redemption functionality is sometimes known as “transfer to bank”); or • an Instant Transfer to your bank account linked to your account. We may allow the above transfers to be made through the debit card attached to that bank account. • your branded MasterCard or Visa card (where we make this available). Fees may apply to withdrawals. Restrictions on transfers We will also disclose to you the fees in advance each time you initiate such a withdrawal. The funding source (for example, bank account or card) into which you request the withdrawal must be denominated in the original opening currency of your account or another currency that PayPal supports for withdrawals from in your country of residence. You may only withdraw PayPal accounts balance in the opening currency of your account, unless we agree otherwise. In order to withdraw PayPal balance held in another currency you will have to convert the currency to the opening currency of your account, or it will be converted for you at the time of your withdrawal. Our transaction exchange rate will be used. This means that if you withdraw: • a PayPal balance held in a currency other than the original opening currency of your account, you will be charged a fee for the conversion into your original opening currency; and • to a funding source (for example, bank account or card) denominated in a currency other than the original opening currency of your account, you will be charged a fee for the conversion into the currency in which the funding source is denominated. To protect you, our other users and us from loss and to allow us to comply with our anti-money laundering and other legal obligations, we may delay a withdrawal, in certain situations, including if we need to verify your identity or other information about your account, confirm that you have authorised authorized the withdrawal or if payments to your PayPal account have been subject to a reversal (for example, as a result of a chargeback, bank reversal or dispute by a buyer). In addition, we may delay withdrawals of large sums of money while we perform a risk review. If we place a limitation on your PayPal account, a payment is subject to a hold, or your account or an associated account has a negative balance in any currency while a withdrawal from your PayPal account is pending, you will have to reinitiate the withdrawal once the limitation or hold has been lifted, or negative balance is fully paid off. We may set limits on your withdrawals, and you can view any withdrawal limit by logging into your PayPal account. You must follow the steps that we will notify to you or publish from time to time (which we may set out in your account overview) to lift your withdrawal limit.