PayPal, Inc. is pleased to announce that we are preparing to open5 Q, Y* l/ i7 ~
a new regional headquarters, PayPal Private Limited, a PayPal& I0 g9 }% r6 Q( _ k4 `4 W
group company incorporated in Singapore. These headquarters will2 J' q- x( L; Q" [, d* w6 \
be the service provider for PayPal customers outside the United
9 X6 {6 B5 q, PStates and the European Union. Going forward, this development
) X0 j+ j$ F2 z- Swill help us improve services for our customers worldwide.
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Please note that no action will be necessary on your part. You p' T) F9 K6 m: E, H( q7 q2 j
will be able to continue using your PayPal account as you do today.( r7 b: s% H/ D8 \4 g0 E K: c
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Your Existing Customer Relationship with PayPal" A4 T+ {4 p5 R/ E
N, J1 ^( P& M/ W: C. [Until August 1, 2006, your customer relationship will continue to2 p7 f0 C& [' P9 w% V9 a( Y
be with PayPal, Inc. (a U.S. company) under the PayPal User
# P+ G, e; D# z: f; W: u# T' HAgreement, which is governed by California law., p7 l* K0 } ^: `
/ [$ {: T2 R) }' [& P. jA New Customer Relationship with PayPal
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{1 V, M4 g; Z1 m8 \With the opening of our new regional headquarters, your customer' C2 @' `0 M3 q- o R4 F7 j y4 n
relationship will automatically be transferred to PayPal Private
0 r6 ~6 Q' n! q4 ?8 Y4 a" dLimited. We anticipate that this will occur on August 1, 2006. At2 p( [+ ?* T* q6 U" B1 Y: z4 k+ S. Z
that time, we will introduce minor changes to the User Agreement5 G- g( ?1 C; Q5 l% n7 O
and its incorporated policies, and to the Privacy Policy. The new
$ I1 x* G' x' X% S; o0 H7 KUser Agreement will be similar to the current Agreement, and will( d) ~! R% O- {7 H; U% \2 q
contain no adverse amendments from a customer's perspective. It8 e5 u( @' P7 |2 O: G! ?
will also no longer contain U.S.-specific references, and it will
) E# O1 A/ ], d) a: i) e: K; `8 ebe modified to comply with Singaporean payment services$ [/ u5 ]/ j% J, {7 r
requirements.
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If you do not wish to hold a PayPal Private Limited account and
3 j T/ b Y3 j# |5 \- E1 y+ @6 rwould prefer to retain your relationship with PayPal, Inc., you7 |( z3 ]& P' W
may only do so if you are a resident of the United States, and if
% V6 x8 W8 T) I, U! t1 }. Y" T. sthe primary address on your PayPal account as of August 1, 2006 is
7 h( c- g7 H, y+ W" L5 s Ba legitimate postal address within the United States.; H+ R0 Q, V- H* J
7 A* a2 q4 [1 D( rIf your primary address is not in the United States, you may close
: G" O6 q: p$ O7 [% lyour account at any time, either before or after the transition to
! L( @. q) d% T/ s+ K, e7 K7 P, W1 z4 sPayPal Private Limited, by logging in to your PayPal account and
) C8 x, e) X+ G) N. c- R4 Nclicking Profile. We value your business and hope you'll transfer8 m# v/ h% R7 y p
with us to PayPal Private Limited, where you'll be able to use% t9 E& X: t! o1 t9 i% U; p: B
PayPal in the same way you do today.0 i( E+ Z% e( ?3 C* A) D6 I3 \
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Once the transition from PayPal, Inc. to PayPal Private Limited
1 r6 `$ W1 Q2 [ j7 N) K: Uoccurs, we will post updated versions of our User Agreement and
3 Z9 z/ E+ F. K# f4 [- pits incorporated policies, as well as our Privacy Policy, to
9 i. ^/ A6 Z# `our website.
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If you have any questions prior to August 1, 2006 about these2 j" ]. h$ X! ], G2 \3 N, o! i8 e
upcoming changes, please contact Customer Support. You can get
- o) I3 X' f N& e4 _5 M7 d+ Ucontact information by logging in to your PayPal account and
6 N9 ^4 s# a4 g! U6 \2 g0 Wclicking Contact Us at the bottom of your Account Overview page.
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Yours sincerely,% B' ]0 _# f- G! R
9 m# z" m, Y1 p: {8 ]PayPal, Inc. |
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