Paypal Policy Updates

Discussion in 'PayPal' started by adda4u, Feb 4, 2010.

  1. #1
    Hi

    I just checked there policy updates still i couldnt find any official announcement.

    
     		 Upcoming Policy Updates
     	
     	
          This page informs users in advance of important changes to the PayPal service, its User Agreement, or other policies. This page displays policy updates with future effective dates. Go to “Past Policy Updates” for previous policy updates.
                                                                   		Amendment to PayPal User Agreement and Payments policy
             		Effective Date: Oct 14, 2009
                                        				        	
    [LIST]
    [*] Amendment to the User Agreement and underlying policies
    [/LIST]
     				        	  Beginning 14 October 2009, the PayPal User Agreement, Payments policy and buyer protection policy will be modified to include several new currencies as holding currencies and add additional withdrawal countries and the related fees and charges have been modified to include these new currencies. New currencies include: Philipino Peso, Taiwanese Dollar, Thai Baht, Malaysian Ringgit, Argentinean Peso, and Brazilian Reais. Bank account withdrawal countries being added include Vietnam, Malaysia, Argentina, and Brasil. Several of these currencies are restricted currencies and not all PayPal features will be available with regards to a restricted currency and not all customers will have access to restricted currencies.
          In addition, for Malaysian resident customers, PayPal has made specific modifications to the User Agreement as required by Bank Negara Malaysia regarding your rights as consumers in Malaysia accessing the PayPal services.
          The governing law section of the User Agreement applicable to Malaysian residents has been modified as follows:
          “For Malaysian residents who register for the PayPal service with a Malaysian address, this Agreement is governed by and interpreted under the laws of Malaysia as such laws are applied to agreements entered into and to be performed entirely within Malaysia.”
          In addition, PayPal is required as a designated payment instrument under Malaysian law to provide the following useful information to Malaysians:
          Malaysian customers of PayPal can contact BNMLINK and BNMTELELINK for information, inquiries or redress in the areas of conventional and Islamic banking, insurance and takaful, advisory services for small and medium enterprises, foreign exchange administration and other matters under Bank Negara Malaysia's jurisdiction.
          The contact details for BNMTELELINK are:
          BNMTELELINK     
        Jabatan Komunikasi Korporat     
        Bank Negara Malaysia     
        P.O.Box 10922     
        50929 Kuala Lumpur
           
        Tel: 1-300-88-5465 (LINK)     
        Fax: 03-2174 1515     
        E-mail: [EMAIL="bnmtelelink@bnm.gov.my"]bnmtelelink@bnm.gov.my[/EMAIL] 
                 
        BNMLINK and BNMTELELINK operating hours are from:     
        Monday - Friday, 9.00 a.m. - 5.00 p.m.
     
     
     				        	 				        	
    [LIST]
    [*] Modification to the Personal Payment Fees for domestic Japanese transactions
    [/LIST]
     				        	  The fees for personal payments received on or after October 14, 2009 for domestic Japanese transactions are being modified from:     
        
        3.4% + ¥40 JPY     
        
        to be the following:     
        
        3.6% + ¥40 JPY     
        
        All other fees shall remain the same.     
    Code (markup):


    Here i can see the update on Transactions made by japan But what the hell with US?
     
    adda4u, Feb 4, 2010 IP
  2. keerthi143

    keerthi143 Well-Known Member

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    #2
    Hi,

    Yesterday i signup for paypal and added my credit card and icici bank account to it and i recieved this email from them

    Confirm your bank account with PayPal

    Hello XXXXXXXX,


    You just added a bank account, but you must confirm it to become a verified user.

    How to confirm your bank account and get Verified

    PayPal made two small deposits to your bank account. These deposits will appear in your bank account in 4-6 business days.
    Check your bank account and note the exact deposit amounts.
    Log in to your PayPal account and click Confirm bank account on the Account Overview page.
    Enter the two deposit amounts.


    Verifying your PayPal account helps increase confidence between buyers and sellers.

    Thanks,

    PayPal


    i think this is good news for indian ,till now this process of verification is available for usa persons only now it is available for indians too
     
    keerthi143, Feb 4, 2010 IP
  3. Hmmm..

    Hmmm.. Peon

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    #3
    This is really a good news indeed.
    Although i am already verified with CC but I will like to verify my bank account also. :cool:


     
    Hmmm.., Feb 4, 2010 IP