New amendment by Paypal for the preapproved payments

Discussion in 'PayPal' started by kittyluver, Apr 9, 2007.

  1. #1
    Hi,

    Paypal have amended a new preapproved payments policy with effect from May-3, 2007. Please get accustomed to it...

    Amendment to the Preapproved Payments Policy

    Notice Date: April 4, 2007

    Effective Date: May 3, 2007

    Beginning May 3, 2007, the PayPal Preapproved Payments Policy will be amended to set out the terms of PayPal’s recurring billing functionality. In particular, the policy will be amended to set out the terms by which a buyer provides an advance authorisation to a merchant to allow that merchant to receive payments from the buyer’s PayPal Account directly on a one-time, regular or sporadic basis in accordance with the buyer’s agreement with the merchant. The name of the policy will be changed to PayPal Billing Agreement for Recurring Payments.
     
    kittyluver, Apr 9, 2007 IP