PayPal User Agreement
PayPal User Agreement PayPal User Agreement
User Agreement - PayPalPage 6 of 28Account is negative for any reason, PayPal may setoff the negative Balance by using funds youmaintain in a different currency Balance, or by deducting amounts you owe PayPal from moneyyou receive into your Account, or money you attempt to withdraw or send from your Account.5.4 Risks of Maintaining Balances in Multiple Currencies. You are responsible for all risksassociated with maintaining Balances in multiple currencies. You agree that you will not attemptto use multiple currencies for speculative trading.5.5 Setoff of Past Due Amounts. If you have a past due amount to PayPal or a PayPal affiliate,subsidiary, or parent company (eBay), PayPal may debit your Account to pay any amounts thatare more than 180 days past due.5.6 Security Interest. To secure your performance of this Agreement, you grant to PayPal a lienon and security interest in your Account.6. Withdrawing Money.6.1 How to Withdraw Money. You may withdraw funds by electronically transferring them to yourbank account or using your PayPal Debit Card (eligible Users only).6.2 Withdrawal Limits. Depending on the degree to which you have Verified your Account, wemay limit you to withdrawing no more than the equivalent of $500.00 USD per month. You canview your withdrawal limit, if any, by logging into your Account and clicking on the “View Limits”link on the “Account Overview”. In addition, we may delay withdrawals of large sums of moneywhile we screen for risk.6.3 Withdrawing Money in Multiple Currencies. If you have multiple currencies in yourBalance, you will be able to choose from those when you withdraw funds, but the withdrawal willtake place in your home currency.7. Closing Your Account.7.1 How to Close Your Account. You may close your Account at any time by logging in to yourAccount, clicking on the “Profile” tab, clicking on the “Close Account” link, and then following theinstructions. Upon Account closure, we will cancel any pending transactions and you will forfeitany Balances associated with Redemption Codes, unless otherwise legally prohibited. You mustwithdraw your Balance prior to closing your Account.7.2 Limitations on Closing Your Account. You may not close your Account to evade aninvestigation. If you attempt to close your Account while we are conducting an investigation, wemay hold your funds for up to 180 Days to protect PayPal or a third party against the risk ofReversals, Chargebacks, Claims, fees, fines, penalties and other liability. You will remain liablefor all obligations related to your Account even after the Account is closed.8. Fees. All fees are in Canadian Dollars unless otherwise stated.Overview.Fees are based on whether you are making a Purchase Payment or a PersonalPayment.-A Purchase Payment is a payment received for any of the following• A sale of goods or services (a “Commercial Transaction”);• A payment received after using the “Request Money” tab on the PayPal website;• A payment you received for a donation; or• A payment that is sent to, or received by, a business or other commercial or non-profitentity.-A Personal Payment is:• Amounts sent to a friend or family member without a purchase. Personal Paymentsinclude, but are not limited to, sending a gift to a friend, or paying a friend back for yourshare of a lunch bill; and
User Agreement - PayPalPage 7 of 28• Personal Payments must be sent between two individual persons (not to or from abusiness).For Purchase Payments, the recipient of the payment will always pay the fee.For Personal Payments, the following applies:-The fee is based on the Payment Method,-It is free to send a Personal Payment to someone in Canada or the United States if youuse your bank or balance as the exclusive Payment Method*. All other PersonalPayments include a fee as noted below.-The fee is paid by either the sender or recipient. Not both.-The sender of the payment determines who pays the fee. At the time the sender iscompleting the payment, the sender is given the option to either pay the fee or have therecipient pay the fee.Additional fees apply if you are sending or receiving money to or from a country outside Canada or theUnited States, or transacting in a foreign currency.If you use your credit card as the Payment Method for a Personal Payment, you may be charged a cashadvancefee by your credit card company.*In some instances, Personal Paymnets pricing may not be available, the payment will be considered aPurchase Payment and the Purchase Payment fees shall apply. This may occur on non-PayPal websitesthat offer you the ability to send a payment from your PayPal account.Personal Payments are always available when you go to our website, log in to your Account, click the“Send Money” tab, and select “Personal” when you send the money.Domestic Payments in Canadian Dollars.This applies when Sender and Recipient are both in Canada, or one is in Canada and one is in theUnited States and the payment is in Canadian Dollars.2.9% + $0.30 CADFreeWhen payment source is:PersonalPayment FeeSending orReceiving MoneyWhen PaymentMethod is exclusively:-PayPal Balance,and/or-Bank account-Credit Card-Debit Card-or partially funded by PayPal Balance orBank accountEither the sender or recipient pays the fee.Not both. The sender decides who pays thisfeePurchasePayment FeeSending(Buying)Receiving(Selling)FreeStandard rate: 2.9% + $0.30 CADMerchant rate (requires one-time application, qualifying monthly salesvolume, and account in good standing)Transaction Fees: Monthly Sales Volume:2.9% + $0.30 CAD $0.00 - $3,000.002.5% + $0.30 CAD $3,000.01 - $10,000.002.2% + $0.30 CAD $10,000.01 - $100,000.001.9% + $0.30 CAD $100,000.01 and overDomestic Payments in a Foreign CurrencyThis applies when Sender and Recipient are both in Canada, or one is in Canada and one is in theUnited States and the payment is in a foreign currency (not in Canadian Dollars).
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<strong>User</strong> <strong>Agreement</strong> - <strong>PayPal</strong>Page 6 of 28Account is negative for any reason, <strong>PayPal</strong> may setoff the negative Balance by using funds youmaintain in a different currency Balance, or by deducting amounts you owe <strong>PayPal</strong> from moneyyou receive into your Account, or money you attempt to withdraw or send from your Account.5.4 Risks of Maintaining Balances in Multiple Currencies. You are responsible for all risksassociated with maintaining Balances in multiple currencies. You agree that you will not attemptto use multiple currencies for speculative trading.5.5 Setoff of Past Due Amounts. If you have a past due amount to <strong>PayPal</strong> or a <strong>PayPal</strong> affiliate,subsidiary, or parent company (eBay), <strong>PayPal</strong> may debit your Account to pay any amounts thatare more than 180 days past due.5.6 Security Interest. To secure your performance of this <strong>Agreement</strong>, you grant to <strong>PayPal</strong> a lienon and security interest in your Account.6. Withdrawing Money.6.1 How to Withdraw Money. You may withdraw funds by electronically transferring them to yourbank account or using your <strong>PayPal</strong> Debit Card (eligible <strong>User</strong>s only).6.2 Withdrawal Limits. Depending on the degree to which you have Verified your Account, wemay limit you to withdrawing no more than the equivalent of $500.00 USD per month. You canview your withdrawal limit, if any, by logging into your Account and clicking on the “View Limits”link on the “Account Overview”. In addition, we may delay withdrawals of large sums of moneywhile we screen for risk.6.3 Withdrawing Money in Multiple Currencies. If you have multiple currencies in yourBalance, you will be able to choose from those when you withdraw funds, but the withdrawal willtake place in your home currency.7. Closing Your Account.7.1 How to Close Your Account. You may close your Account at any time by logging in to yourAccount, clicking on the “Profile” tab, clicking on the “Close Account” link, and then following theinstructions. Upon Account closure, we will cancel any pending transactions and you will forfeitany Balances associated with Redemption Codes, unless otherwise legally prohibited. You mustwithdraw your Balance prior to closing your Account.7.2 Limitations on Closing Your Account. You may not close your Account to evade aninvestigation. If you attempt to close your Account while we are conducting an investigation, wemay hold your funds for up to 180 Days to protect <strong>PayPal</strong> or a third party against the risk ofReversals, Chargebacks, Claims, fees, fines, penalties and other liability. You will remain liablefor all obligations related to your Account even after the Account is closed.8. Fees. All fees are in Canadian Dollars unless otherwise stated.Overview.Fees are based on whether you are making a Purchase Payment or a PersonalPayment.-A Purchase Payment is a payment received for any of the following• A sale of goods or services (a “Commercial Transaction”);• A payment received after using the “Request Money” tab on the <strong>PayPal</strong> website;• A payment you received for a donation; or• A payment that is sent to, or received by, a business or other commercial or non-profitentity.-A Personal Payment is:• Amounts sent to a friend or family member without a purchase. Personal Paymentsinclude, but are not limited to, sending a gift to a friend, or paying a friend back for yourshare of a lunch bill; and
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