If you do not agree to the revised terms and conditions, you must stop using the services PayPal, close your account and terminate your relationship with us without charge or penalties. This user agreement continues to apply to your prior use of our Services. I am very concerned about the change in unauthorized transactions. I wonder if many of PayPal`s clients have experienced them like me. I have had at least 6 unauthorized transactions in the last 1.5 years; particularly recently. They covered the loss, but according to this new information, they will not! I don`t give my information to anyone, it has never been established how the transactions could have taken place “online”. So if this happens again, they will do their investigation like them and then, if they have no proof that the person at my first signed access, they will not cover it… Basically, it tells me that they will no longer cover authorized transactions. If that`s the case, I`ll pay for a merchant service from my bank and get rid of PayPal because I`m not taking that risk.
As for me, if I could have so many unauthorized transactions at my PayPal, then they can`t be as safe. I think PayPal is irresponsible to adopt it. Other merchants cover unauthorized transactions, which is unacceptable. You can send money to a friend or family member, even if they don`t have a PayPal account when sending funds, with their email address or mobile phone number in any currency that supports PayPal, and you can choose the payment method you want to use. If the person you send money to does not have a PayPal account, they can claim it by opening a PayPal account. If they do not claim it, it will be refunded. The receipt of funds from a friend or family member is described under the money of the reception. Please read carefully all the terms of this user agreement, the terms of these guidelines and other agreements applicable to you. Bank fees/credit cards. Your bank, credit or debit card company may charge you a fee for sending or receiving funds through PayPal.
For example, you may be charged currency conversion fees, international transaction fees or other fees, even if your transaction is domestic and no conversion is required. PayPal will not be responsible for the fees charged by your bank, credit or debit card company or any other financial institution based on your use of PayPal.