Common use of Your Payment Obligation Clause in Contracts

Your Payment Obligation. When you use your Card for a transaction, i.e. give a payment order with the Card, you are obliged to reimburse the transaction amount to us. To this end, you authorize us to debit the respective amount from your PayPal balance. Transactions made with the Card are funded solely by the Euro (“EUR”) balance in your PayPal account. You need to have sufficient EUR balance in your PayPal account to cover the amount of the Card transaction (and any transaction fees payable to us). You can choose to enable or disable an automatic funding arrangement (we may call this “automatic top up”) by linking a bank account or debit card to your Card in your Card settings. If you link a bank account or debit card to your Card, to the extent that there is no or insufficient balance available in your PayPal account to cover a Card transaction (and any transaction fees payable to us), we may automatically use your bank account or debit card as the funding source to obtain sufficient balance in accordance with the terms of the PayPal User Agreement. The amount drawn from your bank account or via your debit card and added to the balance of your PayPal account will be in EUR and will be rounded up to the nearest multiple of EUR 5. An example: If you do not have any PayPal balance, but would like to pay EUR 26.50 to a merchant, an amount of EUR 30 will be drawn from your bank account and credited in your PayPal account. EUR 26.50 will be used for the Card payment. You can spend the remaining PayPal balance of EUR 3.50 on other purchases. We will prioritize the pre-existing balance in your PayPal account for a payment with PayPal and only draw an amount from your bank account or via your debit card where the balance is insufficient. If you: • do not link a bank account or debit card to your Card; • disable the linked bank account or debit card linked to your Card; or • remove your linked bank account or debit card from your PayPal account, you will not be able to obtain sufficient balance in your PayPal account to fund your Card transaction in the event that the pre-existing balance in your PayPal account is insufficient. Any Card transaction that exceeds the balance in your PayPal account will be declined.

Appears in 3 contracts

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

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Your Payment Obligation. When you use your Card for a transaction, i.e. give a payment order with the Card, you are obliged to reimburse the transaction amount to us. To this end, you authorize authorise us to debit the respective amount from your PayPal balance. Transactions made with the Card are funded solely by the Euro (“EUR”) EUR balance in your PayPal account. You need to have sufficient EUR balance in your PayPal account to cover the amount of the Card transaction (and any transaction fees payable to us). You can choose to enable or disable an automatic funding arrangement (we may call this “automatic top up”) by linking a bank account or debit card to your Card in your Card PayPal account settings. If you link a bank account or debit card to your Cardenable automatic top up, to the extent that there is no or insufficient balance available in your PayPal account to cover a Card transaction (and any transaction fees payable to us), we may automatically use your bank account or debit card as the funding source to obtain sufficient balance in accordance with the terms of the PayPal User Agreement. The amount drawn from your bank account or via your debit card and added to the balance of your PayPal account will be in EUR and will be rounded up to the nearest multiple of EUR 5. An example: If you do not have any PayPal balance, but would like to pay EUR 26.50 to a merchant, an amount of EUR 30 will be drawn from your bank account and credited in your PayPal account. EUR 26.50 will be used for the Card payment. You can spend the remaining PayPal balance of EUR 3.50 on other purchases. We will prioritize prioritise the pre-existing balance in your PayPal account for a payment with PayPal and only draw an amount from your bank account or via your debit card where the balance is insufficient. If you: • do not link a bank account or debit card to your Cardenable automatic top up; • disable the linked bank account or debit card linked to your Cardautomatic top up; or • remove your linked bank account or debit card from your PayPal account, you will not be able to use automatic top up to obtain sufficient balance in your PayPal account to fund your Card transaction in the event that the pre-existing balance in your PayPal account is insufficient. Any Card transaction that exceeds the balance in your PayPal account will be declined.

Appears in 2 contracts

Samples: Cardholder Agreement, Of This Agreement

Your Payment Obligation. When you use your Card for a transaction, i.e. give a payment order with the Card, you are obliged to reimburse the transaction amount to us. To this end, you authorize authorise us to debit the respective amount from your PayPal balance. Transactions made with the Card are funded solely by the Euro (“EUR”) GBP balance in your PayPal account. You need to have sufficient EUR GBP balance in your PayPal account to cover the amount of the Card transaction (and any transaction fees payable to us). You can choose to enable or disable an automatic funding arrangement (we may call this “automatic top up”) by linking a bank account or debit card to your Card in your Card PayPal account settings. If you link a bank account or debit card to your Cardenable automatic top up, to the extent that there is no or insufficient balance available in your PayPal account to cover a Card transaction (and any transaction fees payable to us), we may automatically use your bank account or debit card as the funding source to obtain sufficient balance in accordance with the terms of the PayPal User Agreement. The amount drawn from your bank account or via your debit card and added to the balance of your PayPal account will be in EUR GBP and will be rounded up to the nearest multiple of EUR GBP 5. An example: If you do not have any PayPal balance, but would like to pay EUR GBP 26.50 to a merchant, an amount of EUR GBP 30 will be drawn from your bank account and credited in your PayPal account. EUR GBP 26.50 will be used for the Card payment. You can spend the remaining PayPal balance of EUR GBP 3.50 on other purchases. We will prioritize prioritise the pre-existing balance in your PayPal account for a payment with PayPal and only draw an amount from your bank account or via your debit card where the balance is insufficient. If you: • do not link a bank account or debit card to your Cardenable automatic top up; • disable the linked bank account or debit card linked to your Cardautomatic top up; or • remove your linked bank account or debit card from your PayPal account, you will not be able to use automatic top up to obtain sufficient balance in your PayPal account to fund your Card transaction in the event that the pre-existing balance in your PayPal account is insufficient. Any Card transaction that exceeds the balance in your PayPal account will be declined.

Appears in 1 contract

Samples: www.paypalobjects.com

Your Payment Obligation. When you use your Card for a transaction, i.e. give a payment order with the Card, you are obliged to reimburse the transaction amount to us. To this end, you authorize us to debit the respective amount from your PayPal balance. Transactions made with the Card are funded solely by the Euro (“EUR”) GBP balance in your PayPal account. You need to have sufficient EUR GBP balance in your PayPal account to cover the amount of the Card transaction (and any transaction fees payable to us). You can choose to enable or disable an automatic funding arrangement (we may call this “automatic top up”) by linking a bank account or debit card to your Card in your Card PayPal account settings. If you link a bank account or debit card to your Cardenable automatic top up, to the extent that there is no or insufficient balance available in your PayPal account to cover a Card transaction (and any transaction fees payable to us), we may automatically use your bank account or debit card as the funding source to obtain sufficient balance in accordance with the terms of the PayPal User Agreement. The amount drawn from your bank account or via your debit card and added to the balance of your PayPal account will be in EUR GBP and will be rounded up to the nearest multiple of EUR GBP 5. An example: If you do not have any PayPal balance, but would like to pay EUR GBP 26.50 to a merchant, an amount of EUR GBP 30 will be drawn from your bank account and credited in your PayPal account. EUR GBP 26.50 will be used for the Card payment. You can spend the remaining PayPal balance of EUR GBP 3.50 on other purchases. We will prioritize prioritise the pre-existing balance in your PayPal account for a payment with PayPal and only draw an amount from your bank account or via your debit card where the balance is insufficient. If you: • do not link a bank account or debit card to your Cardenable automatic top up; • disable the linked bank account or debit card linked to your Cardautomatic top up; or • remove your linked bank account or debit card from your PayPal account, you will not be able to use automatic top up to obtain sufficient balance in your PayPal account to fund your Card transaction in the event that the pre-existing balance in your PayPal account is insufficient. Any Card transaction that exceeds the balance in your PayPal account will be declined.

Appears in 1 contract

Samples: Of This Agreement

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Your Payment Obligation. When you use your Card for a transaction, i.e. give a payment order with the Card, you are obliged to reimburse the transaction amount to us. To this end, you authorize us to debit the respective amount from your PayPal balance. Transactions made with the Card are funded solely by the Euro (“EUR”) balance in your PayPal account. You need to have sufficient EUR balance in your PayPal account to cover the amount of the Card transaction (and any transaction fees payable to us). You can choose to enable or disable an automatic funding arrangement (we may call this “automatic top up”) by linking a bank account or debit card to your Card in your Card settings. If you link a bank account or debit card to your Card, to the extent that there is no or insufficient balance available in your PayPal account to cover a Card transaction (and any transaction fees payable to us), we may automatically use your bank account or debit card as the funding source to obtain sufficient balance in accordance with the terms of the PayPal User Agreement. The amount drawn from your bank account or via your debit card and added to the balance of your PayPal account will be in EUR and will be rounded up to the nearest multiple of EUR 5. An example: If you do not have any PayPal balance, but would like to pay EUR 26.50 to a merchant, an amount of EUR 30 will be drawn from your bank account debit card and credited in your PayPal account. EUR 26.50 will be used for the Card payment. You can spend the remaining PayPal balance of EUR 3.50 on other purchases. We will prioritize the pre-existing balance in your PayPal account for a payment with PayPal and only draw an amount from your bank account or via your debit card where the balance is insufficient. If you: • do not link a bank account or debit card to your Card; • disable the linked bank account or debit card linked to your Card; or • remove your linked bank account or debit card from your PayPal account, you will not be able to obtain sufficient balance in your PayPal account to fund your Card transaction in the event that the pre-existing balance in your PayPal account is insufficient. Any Card transaction that exceeds the balance in your PayPal account will be declined.

Appears in 1 contract

Samples: www.paypalobjects.com

Your Payment Obligation. When you use your Card for a transaction, i.e. give a payment order with the Card, you are obliged to reimburse the transaction amount to us. To this end, you authorize authorise us to debit the respective amount from your PayPal balance. Transactions made with the Card are funded solely by the Euro (“EUR”) EUR balance in your PayPal account. You need to have sufficient EUR balance in your PayPal account to cover the amount of the Card transaction (and any transaction fees payable to us). You can choose to enable or disable an automatic funding arrangement (we may call this “automatic top up”) by linking a bank account or debit card to your Card in your Card PayPal account settings. If you link a bank account or debit card to your Cardenable automatic top up, to the extent that there is no or insufficient balance available in your PayPal account to cover a Card transaction (and any transaction fees payable to us), we may automatically use your bank account or debit card as the funding source to obtain sufficient balance in accordance with the terms of the PayPal User Agreement. The amount drawn from your bank account or via your debit card and added to the balance of your PayPal account will be in EUR and will be rounded up to the nearest multiple of EUR 5. An example: If you do not have any PayPal balance, but would like to pay EUR 26.50 to a merchant, an amount of EUR 30 will be drawn from your bank account and credited in your PayPal account. EUR 26.50 will be used for the Card payment. You can spend the remaining PayPal balance of EUR 3.50 on other purchases. We will prioritize the pre-existing balance in your PayPal account for a payment with PayPal and only draw an amount from your bank account or via your debit card where the balance is insufficient. If you: • do not link a bank account or debit card to your Cardenable automatic top up; • disable the linked bank account or debit card linked to your Cardautomatic top up; or • remove your linked bank account or debit card from your PayPal account, you will not be able to use automatic top up to obtain sufficient balance in your PayPal account to fund your Card transaction in the event that the pre-existing balance in your PayPal account is insufficient. Any Card transaction that exceeds the balance in your PayPal account will be declined.

Appears in 1 contract

Samples: Of This Agreement

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