User Agreement for Paypal Service

You can cancel a billing agreement by contacting the authorized reseller directly, by disconnecting the reseller on your Connected Resellers page in the Venmo app, or by calling Venmo at (855) 812-4430. You can cancel a pre-authorized payment up to 3 business days before the date of the next scheduled payment. If you cancel a billing contract, you may still owe money to the merchant for the purchase or have additional obligations to the merchant for goods or services that you received but did not pay. PayPal does not claim ownership of the Content you provide, upload, submit or send to PayPal. PayPal also does not claim ownership of content you host on third-party websites or applications that use services PayPal to provide payment services related to your content. Subject to the following paragraph, PayPal PayPal you grant PayPal (and the parties we work with) a non-exclusive, irrevocable, royalty-free, transferable, worldwide license to use your Content and related intellectual property and publicity rights to help us improve, operate and promote our current Services and develop new Services; subject to the following paragraph. PayPal will not compensate you for your content. You acknowledge that PayPal`s use of your Content does not infringe any intellectual property or publicity rights. In addition, you acknowledge and warrant that you own or otherwise control all rights in the Content you provide, and you agree to waive your moral rights and promise not to enforce such rights against PayPal.

You may be eligible to receive micropayment prizes for the sale of goods and services through your PayPal account if your transactions are generally less than $10. To be eligible, you must have a PayPal account in good condition (p.B. no restrictions or negative balance), you cannot process payments with PayPal Payments Pro, and you must submit an application and have it approved by us. Payments for the sale of goods or services can only be sent to company profiles. You can`t periodically send recurring payments to a seller`s business profile (para. B monthly or otherwise in a routine billing cycle). In such a case, we will show you the availability status of these funds in your balance – status descriptions may vary depending on the functionality with which you asked us to place the lock. We will release the hold of funds in accordance with the instructions you (or the entity you have authorized to act on your behalf) give us, subject to the remainder of this User Agreement. If the result of a complaint about our services is not to your satisfaction after the completion of the complaint escalation process, you may escalate it by contacting one of the following: to facilitate viruses, Trojan horses, malware, worms or other computer programming routines that attempt to damage, disrupt, corrupt, abuse, negatively disrupt, secretly intercept or expropriate, or gain unauthorized access to Venmo systems, data, information or Services; We may change the Terms of Use and any policies and other agreements on the Legal Agreements page that apply to users in mainland China from time to time.

The revised version will take effect at the time we post it on our website, unless otherwise stated. If our changes limit your rights or increase your obligations, we will post a notice on the Policy Updates page of our website and give you at least 30 days` notice. Any PayPal balance you hold is an unsecured claim against PayPal. PayPal combines your balance with other users` balances and invests these funds in liquid investments. These pooled amounts will be held separately from PayPal`s corporate funds, and PayPal will not use these funds for its operating costs or other business purposes, nor will it voluntarily make these funds available to its creditors in the event of bankruptcy. You will not receive any interest or other income on the amounts in your balance. You agree PayPal own the interest or other income from such investments. You agree to assign to PayPal all interest rights arising from your funds. If your PayPal account is inactive for at least 12 consecutive months, we may charge an annual inactivity service fee. Inactive means that you have not logged into your PayPal account or used your PayPal account to send, receive or withdraw funds. You can agree with a seller who accepts PayPal to use PayPal as a payment method for future purchases from that seller. This Agreement is between you and the Seller and allows you to pay the Seller once, on a recurring or sporadic basis.

Examples of automatic payments that you can arrange with a seller or with PayPal include those that PayPal a “billing agreement,” “subscription,” “recurring payment,” “referral transaction,” “pre-authorized transfer,” or “pre-approved payment.” If you haven`t set a preferred payment method for an automatic payment agreement, or if your preferred payment method isn`t available for an automatic payment agreement (for example. B because it has expired or does not have sufficient funds), the payment method used can be used in the following order: 1. Cash account (if linked to your personal PayPal account) or funds from your business PayPal account (if we use to have been able to verify the required credentials you provide to us); 2. Bank account; 3. PayPal co-branded debit card; 4. PayPal co-branded credit card; 5. Debit card; 6. Credit card; and 7th E-Check. This is also the order of payment methods used when a previously selected payment method to be used in a seller`s contract is not available. We do not claim ownership of the content you provide, upload, submit or send to us. When you provide content to us or post content through the Venmo Services, you grant us, our affiliates and users (including parties with whom we work) a non-exclusive, perpetual, irrevocable, royalty-free, fully paid-up, transferable, sublicensable, worldwide license to duplicate, copy, display, publish, download, perform, distribute, modify, create derivative works from, delete, publish, transmit to others and otherwise use your content and related intellectual property and advertising rights to assist. We improve, operate, promote, promote and market our current services and develop new ones in any form, medium or technology that we know now or that will be developed later.

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