PayPal Amends User Agreement to exclude China, Germany and India
PayPal makes Amendment to the PayPal User Agreement and Privacy Policy (Effective Date: Jun 01, 2010). Amendments to the PayPal User Agreement will exclude China, Germany and India from some transactions. PayPal have been ok with the client agreement for the last seven years (since 16th January 2003) Now – not necessarily good – changes are coming. In general, agreement changes will not affect business accounts as there is no use for private payments when you run a business. On the other hand businesses using PayPal may be affected by Privacy Policy Changes
Some major changes to PayPal User Agreement include:
- that you cannot send personal transaction payments to Indian registered Accounts
- you cannot send money for a PayPal personal transaction from some countries, including Germany or China
Changes to PayPal’s Privacy Policy
Changes to PayPal’s Privacy Policy states that PayPal reserves the right to share (disclose) your account details and transaction details with the following third parties:
| Credit Reference and Fraud Agencies | ||
| RSA Security Inc. and RSA Security Ireland Limited | To verify identity | All account information |
| Marketing and public relations | ||
| Yesmail Inc. (USA) and Responsys (USA) | To fulfil e-mail marketing programs of PayPal services and promotions. | Name, e-mail, address, business name, domain name, account status, account preferences, type and nature of PayPal services offered or used and relevant transaction and account information. |
| Carrenza Limited | To store user data for marketing campaigns. | Name, e-mail, address, business name, domain name, account status, account preferences, type and nature of PayPal services offered or used and relevant transaction information. |
| Operational services | ||
| Transcom Worldwide (UK) Limited (UK), Newman & Company Limited (UK), | To collect debt | Name, address, date of birth, telephone number, account number, e-mail, account type, account status, last four digits of financial instruments account, account balance, details of account transactions and liabilities, name of funding source provider. |
Theoretically that poses substantial decrease in security of users’ confidential data as the data will be exposed (disclosed) to the third parties that exist on different rules and follow different privacy policies than PayPal.
Below this article you’ll find the full list of User Agreement and Privacy policy amendments that will come to live on Jun 01,2010
You can find a full PayPal User Agreement by following the link below. If you’re visiting this link after Jun 01, 2010 then the Agreement has been already updated with amendments below this article.
You can find a full PayPal Privacy Policy If you’re visiting this link after Jun 01, 2010 then the Agreement has been already updated with amendments below this article.
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