PayPal have released updates to the PayPal use agreement that will come into effect on June 16, 2020. The most surprising change is PayPal commercial users must accept a fine of $2,500, PayPal if they violate the PayPal acceptable use directive, in addition to other restrictions or restrictions on holding their account. If the Venmo credit card is used to send money to another Venmo user via your Venmo account, the transaction will be treated as a purchase in accordance with the terms of the Venmo credit card account contract. However, these transactions are not considered purchases under the terms of this contract for any purpose, including, but not limited to, the authorization of Venmo`s purchase program. This agreement is governed by and interpreted by Singapore`s laws, as these laws apply to agreements that have been concluded and are implemented within Singapore, regardless of the conflict of laws rules. Unless the parties agree otherwise, you agree that any claim or dispute you have against PayPal must be settled by a Singapore court or the defendant`s whereabouts. You agree to submit irrevocably to the non-exclusive jurisdiction of the Singapore courts for the purpose of an action, action or other proceeding arising from this contract of use or your use of our websites or Services. You can update your main email address or address at any time by logging into the PayPal website. If your email address becomes invalid, so that e-mail messages sent by PayPal are returned, PayPal may declare your account inactive and you will not be able to do activities with your PayPal account until we receive a valid and functional main email address from you. You should read and understand the PayPal buyer protection program, and if you sell and receive goods and services to buyers who have PayPal accounts in countries or regions other than your own, you should also be aware of the PayPal buyer`s protection available to buyers in each of these countries/regions. The rights of buyers under these programs may affect you as a seller.
You will find this information about the PayPal programs on the Legal Agreements page by choosing your buyer`s location at the top of the page and referring to the user agreement corresponding to that geography. If you provide us with your mobile phone number, you agree that PayPal and its affiliates may contact you at this number via automatically selected or pre-registered message or SMS calls to: (i) inform you of your use of the PayPal services and/or services of your PayPal accounts, (ii) investigate or prevent fraud or (iii) recover debts. We do not use automatically selected or pre-registered calls or texts to contact you for marketing purposes unless we obtain your prior consent. We may share your mobile phone number with service providers with whom we are committed to assisting us in the above activities, but without your consent, we will not share your mobile phone number with third parties for our own purposes.