The online payment services leader PayPal informed its users about the amendments being introduced to its policy.
The policy changes PayPal makes effective starting March 10, 2010 include those amendments related to recent regulations in India.
Section 8 (Fees) of the User Agreement is being amended to prohibit users from sending a Personal Payment to a recipient in India. Over the weekend, PayPal suspended personal payments to and from India as well as transfers to local banks there, and on Tuesday said it could be months before the suspension was lifted.
PayPal also warned sellers not to use a shipping service that is controlled by the buyer. "If you originally ship the item to the shipping address on the Transaction Details Page but the item is later redirected to a different address, you will not be eligible for seller protection."
PayPal also changed the terms of users of its Student Account, including the statement, "Any online agreements that are accepted by the Child, including terms and conditions of any promotion the Child participates in, are accepted by the Parent as if the Parent had taken the action. The Parent is responsible for educating the Child on internet safety."
Post new comment