With effect from May 31, PayPal has adjusted its terms and conditions. However, this time the changes are clear and primarily affect payment by direct debit. The company is already announcing further adjustments from August.
PayPal is currently notifying its users of upcoming updates to its policies. In short, the company is once again adjusting its terms and conditions. This has happened more frequently in recent months and mostly affects quite different sections. PayPal has recently made changes to direct debit payments. More will follow from August.
PayPal changes terms and conditions for direct debit
The amended terms and conditions apply with immediate effect. As PayPal reports, there is now a field in the SEPA direct debit mandate that is called “Payment type” and is listed as “Recurring”. Behind this is simply PayPal’s constant permission to debit money from the linked user account in order to settle open payment transactions and bills. What is also new is that PayPal now also adds the user’s address to the direct debit.
The changes that Paypal is announcing for August are more extensive. Then the company removes the option “Pay after 14 days” and replaces it with the payment method “Pay after 30 days”. PayPal had already introduced the longer payment deferral in September 2021.
Also read: PayPal introduces new payment method
In addition, as of August 1, 2022, the service will make adjustments to the following:
- For merchants, some fees for services are changing. You can preview the changes on the PayPal pages for Merchant Fees look at.
- Changed the chargeback clause in the Terms of Service to clarify when PayPal can recover a payment.
- Clarifying the wording in the Governing Law and Venue Clause. This makes it clear that consumers are legally entitled to sue us in local courts.
According to the company, the updates to the terms and conditions do not affect the known service. In addition, according to PayPal, there is no further need for action on the part of the user so that the specified changes can become active. However, if users do not agree with certain points, they must close their PayPal account before the changes take effect, PayPal said.