Note: This agreement was previously called HSBC BANK COMMERCIAL ENTITY AGREEMENT FOR CREDIT CARD PROCESSING SERVICES. Business entity agreements apply to business and Prime accounts that receive many credit card payments. These additional agreements do not replace the existing PayPal user agreement and do NOT change the way your account works PayPal. The fees and the status of your account remain unchanged, as does your right to protection in accordance with the PayPal Directive on the Protection of Sellers. The Member undertakes to compensate you for any loss, debts, damages and expenses resulting (a) from a violation by each of us of a guarantee, contract or agreement or misrepresentation under these provisions; or (b) the gross negligence, intentional negligence or intentional misconduct of our co-worker in this context. To read agreements for another country or region, change location. The endorsements only illustrate many of the existing guidelines that an online seller must follow to obtain credit card payments through PayPal and PayPal`s banking partners. Some of these guidelines: There is another thread on this board with a title like „How to accept the agreement”? For more information or to read trade agreements, please log in to your PayPal account at: www.paypal.com/us compensation. You agree to compensate Wells Fargo for any loss, liability, damage and expense resulting from: (a) a violation by you of a warranty, contract or agreement or misrepresentation under this agreement; (b) negligence or intentional misconduct by your staff in connection with PayPal card transactions or any other means resulting from the provision of goods and services to customers who pay for those goods or services through the PayPal service; (c) due to foreign disintegration and replacement, Wells Fargo is bound by PayPal client`s shares (including compensation from a card-issuing association or bank).
Some of you have already accepted the agreement and should not expect further emails unless there is a new update in the future that will require acceptance. For example, PayPal customer identification. You agree to fully and unambiguously inform your customers of your identity at all points of interaction. For online transactions, you must list your establishment`s address on your website. If a few e-mails ask me to click on the link and accept it in order to continue receiving card payments from May 27, by subscribing to the PPA or by accepting the AEC by other means (by clicking on an agreement, by agreeing to its terms upon entry into the AEA or otherwise by executing the AEC on paper), you accept the terms of this AEC. Merchant also agrees that this AEC is a legally binding contract between the distributor and the member. We have found that you have not yet approved the new trade agreements. You must register with PayPal.com by October 1, 2010 and accept updated agreements. If you don`t, you can`t accept MasterCard payments. 9. assignment; Changes. This AEC can only be awarded as part of an authorized transfer under the dealership contract.
The member may cede his rights to this AEC without your consent. You can only amend this AEC by mutual written consent. The member can change this AEC at any time by a period of 30 days. By accepting the Commercial Entity Agreement, Merchant accepts the terms and conditions of this AEC and all documents incorporated by reference. Merchant also agrees that this AEC is a legally binding contract between the distributor, the processor and the member. All rights that are not expressly granted are reserved for the member and the processor. If necessary, descriptions of substantial changes to this AEC are provided. All capitalized terms used in this AEC and not otherwise defined have the meaning outlined in the A PUA.