PayPal, Inc. is pleased to announce that we are preparing to open0 d5 w% o% l+ q5 d
a new regional headquarters, PayPal Private Limited, a PayPal
4 j O7 g# Q2 @2 ~; T5 Jgroup company incorporated in Singapore. These headquarters will
, z* N B1 e0 G( Q) S( @be the service provider for PayPal customers outside the United9 u2 ]; l" l3 u m; g6 O1 m
States and the European Union. Going forward, this development
0 V5 Q6 S) E. [1 Y9 N' b" Swill help us improve services for our customers worldwide.
, B& ]) {, y6 @/ a: q
0 T1 g, Y3 d! K1 v E1 v$ PPlease note that no action will be necessary on your part. You
6 w4 V" L0 A+ fwill be able to continue using your PayPal account as you do today.9 W2 g7 k+ s# s( L+ P! s1 P
5 X4 q- q) q; J1 N+ |: o$ d
Your Existing Customer Relationship with PayPal& y( z7 \) j: {3 u2 @6 d. W/ g" Y
9 F# A2 u* C8 c; z5 H6 Z
Until August 1, 2006, your customer relationship will continue to# O7 ]9 T/ |: H4 k# x. G& ~
be with PayPal, Inc. (a U.S. company) under the PayPal User
" f+ S8 X9 p: _- TAgreement, which is governed by California law.
8 [7 O. [4 X7 G7 J7 [0 t0 f# o
' E- P. t* N% Y& J$ \! o& fA New Customer Relationship with PayPal
# o( J& e, G3 S, V, ]2 v! [7 K: N2 ~* `$ X2 @4 V- v
With the opening of our new regional headquarters, your customer. }" h/ E4 k; e6 ?+ P( f$ [
relationship will automatically be transferred to PayPal Private
* j: Z! E* l3 }. J- Y' ALimited. We anticipate that this will occur on August 1, 2006. At
; g5 q0 K. |; ]that time, we will introduce minor changes to the User Agreement8 _5 ?0 Q: u$ R% P0 V) @: z
and its incorporated policies, and to the Privacy Policy. The new
" d) O2 G3 h) u' Y, E/ k+ ?% MUser Agreement will be similar to the current Agreement, and will4 P Q0 g/ [ L _' J3 Y2 S
contain no adverse amendments from a customer's perspective. It
% ]* s! M& Q% F3 l3 A7 z& rwill also no longer contain U.S.-specific references, and it will- H$ p9 P( Q* E
be modified to comply with Singaporean payment services
# ?( K$ V6 ~$ _' Z( arequirements.- k2 i/ N$ F" U3 [/ @- q% x6 z- }' A
; U A/ |. I- G- H) @, q1 \' ?
If you do not wish to hold a PayPal Private Limited account and
& C) x! O5 e7 q0 A4 ?, A- f* ~+ ?would prefer to retain your relationship with PayPal, Inc., you: \: V# i+ N8 {* ?' P4 N# C
may only do so if you are a resident of the United States, and if& w( m" b. z/ E2 ^
the primary address on your PayPal account as of August 1, 2006 is
, Z& L2 G0 l/ R) X* u2 Ga legitimate postal address within the United States.
) a: n t! x% r* x( X# C' U2 G/ `. V# m+ S) P j
If your primary address is not in the United States, you may close
( W4 {' O- Q, R* u, M+ Dyour account at any time, either before or after the transition to
3 ~8 o7 v* L8 z" I2 Z NPayPal Private Limited, by logging in to your PayPal account and0 a' \6 x9 @( o9 Y f( m- [
clicking Profile. We value your business and hope you'll transfer3 f6 L, K3 `7 v+ ~- k9 X
with us to PayPal Private Limited, where you'll be able to use
; g) \5 _7 c) v$ S9 p+ |( \PayPal in the same way you do today.
. Q+ ~- J, | V; d6 Z# |5 _
' v8 o3 f( |1 U1 Q# YOnce the transition from PayPal, Inc. to PayPal Private Limited+ G- R& ?6 e8 }. B' V/ q5 z% a3 B
occurs, we will post updated versions of our User Agreement and
8 B# a5 B& U: \5 rits incorporated policies, as well as our Privacy Policy, to' D0 i4 g0 y: _7 ^* \
our website.2 {3 w& ~5 g( e- h5 W5 M O
! O- W" l, z3 O5 `, z4 EIf you have any questions prior to August 1, 2006 about these
- s& u1 ]6 K2 K* ]/ ]upcoming changes, please contact Customer Support. You can get# {$ K% y% H6 a1 \4 _7 S( W
contact information by logging in to your PayPal account and7 l( T ]# i( L3 m/ x8 G* T, x
clicking Contact Us at the bottom of your Account Overview page.
6 h0 O2 f: m8 B" b5 g
: M3 @4 a, m4 m n3 {Yours sincerely,
/ y) f9 h9 P5 n
; Q7 I) j5 @+ N( Z1 SPayPal, Inc. |
|