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-   -   New Paypal Agreement Terms? (https://gfy.com/showthread.php?t=1068875)

Barefootsies 05-21-2012 04:33 PM
New Paypal Agreement Terms?
 
Much be something to do with a change in their Merchant Bank accounts or MC...

Quote:
Wells Fargo - Review and Accept Commercial Entity Agreement


Important : You must agree to the terms of the Wells Fargo Commercial Entity Agreement by Aug 1, 2012 or you will be unable to accept MasterCard-funded payments.

To comply with MasterCard and Visa requirements, please review and accept the Commercial Entity Agreement. It is for Business and Premier account holders who receive a large number of credit card payments.

This agreement supplements, but does not replace PayPal's User Agreement and will not change how your PayPal account works. Your fees, account status, and eligibility for PayPal's Seller Protection policy remain the same.

By clicking the button below I agree to the Wells Fargo Commercial Entity Agreement.

Please email us if you have questions.
Quote:
HSBC - Review and Accept Commercial Entity Agreement


Important : You must agree to the terms of the HSBC Commercial Entity Agreement by Aug 1, 2012 or you will be unable to accept MasterCard-funded payments.

To comply with MasterCard and Visa requirements, please review and accept the Commercial Entity Agreement. It is for Business and Premier account holders who receive a large number of credit card payments.

This agreement supplements, but does not replace PayPal's User Agreement and will not change how your PayPal account works. Your fees, account status, and eligibility for PayPal's Seller Protection policy remain the same.

By clicking the button below I agree to the HSBC Commercial Entity Agreement.

Please email us if you have questions.
Quote:
CPS - Review and Accept Commercial Entity Agreement


Important: You must agree to the terms of the CPS Commercial Entity Agreement by Aug 1, 2012 or you will be unable to accept MasterCard-funded payments.

To comply with MasterCard and Visa requirements, please review and accept the Commercial Entity Agreement. It is for Business and Premier account holders who receive a large number of credit card payments.

This agreement supplements, but does not replace PayPal's User Agreement and will not change how your PayPal account works. Your fees, account status, and eligibility for PayPal's Seller Protection policy remain the same.

By clicking the button below I agree to the CPS Commercial Entity Agreement.

Please email us if you have questions.
Quote:
RBS - Review and Accept Commercial Entity Agreement


Important: You must agree to the terms of the RBS Commercial Entity Agreement by Aug 1, 2012 or you will be unable to accept MasterCard-funded payments.

To comply with MasterCard and Visa requirements, please review and accept the Commercial Entity Agreement. It is for Business and Premier account holders who receive a large number of credit card payments.

This agreement supplements, but does not replace PayPal's User Agreement and will not change how your PayPal account works. Your fees, account status, and eligibility for PayPal's Seller Protection policy remain the same.

By clicking the button below I agree to the RBS Commercial Entity Agreement.

Please email us if you have questions.
Looks like we need superbonzo to explain all this madness.

:helpme

pstation 05-21-2012 04:43 PM
http://thebrewsnews.wordpress.com/20...pal-merchants/

NETbilling 05-21-2012 04:45 PM
Seems as though they are utilizing several merchant accounts for sure. Not sure why this would only effect Mastercard but will look into it.... and report.
Keep in mind that Paypal is a 3rd party processor and if you accept it, you have no rights to any card data and limited customer info because it is not your merchant account.

SiMpLe 05-21-2012 04:51 PM
I thought Chase just bought all the HSBC acct's - I got a snail mail about this. My Best Buy experience has been snookered by Chase :(

Barefootsies 05-21-2012 04:56 PM
Quote:
Originally Posted by NETbilling (Post 18958304)
Keep in mind that Paypal is a 3rd party processor and if you accept it, you have no rights to any card data and limited customer info because it is not your merchant account.
It does not 'read' like you have much of a choice in the matter.

:2 cents:

VenusBlogger 05-21-2012 05:24 PM
I didn't receive those..

It must be only for US Residents..

journalism 05-21-2012 05:49 PM
I have deleted and cancel my account in Paypal as they seen that I am receiving $2k plus a week and they don't want to get involved with money laundering :)


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