PayPal, Inc. is pleased to announce that we are preparing to open i! f& E$ ^2 m$ b
a new regional headquarters, PayPal Private Limited, a PayPal
}7 i/ M+ C$ d, Fgroup company incorporated in Singapore. These headquarters will
' Q. X8 {" X; h1 K( F2 cbe the service provider for PayPal customers outside the United
7 a9 o( r$ {/ K& u2 j& V8 b) \States and the European Union. Going forward, this development
5 c' i, j& d" T: ?, E( |- x9 w! 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, T. h2 G- A7 e8 {6 _4 d1 C
will be able to continue using your PayPal account as you do today.1 q+ I9 X9 q9 M. ~
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Your Existing Customer Relationship with PayPal1 l M0 ~2 q( B4 c. b( n7 V
; I8 n# ]& T& b+ H& IUntil August 1, 2006, your customer relationship will continue to9 V, R, I+ \+ P5 {; i
be with PayPal, Inc. (a U.S. company) under the PayPal User- B2 \; V- g& q( g) @2 G- V
Agreement, which is governed by California law.
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' ]5 K+ A9 w' g5 v# aA New Customer Relationship with PayPal
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+ g. ]1 X Q) k8 VWith the opening of our new regional headquarters, your customer. t6 R4 Z5 r# _) r$ k3 d
relationship will automatically be transferred to PayPal Private
4 v- ~0 G3 U; i2 d7 m S6 _Limited. We anticipate that this will occur on August 1, 2006. At( d2 t2 N$ G% R% c
that time, we will introduce minor changes to the User Agreement
- i' k0 V' Q; V3 j$ g- Q6 n B" Rand its incorporated policies, and to the Privacy Policy. The new8 y+ }: a$ h3 |# P
User Agreement will be similar to the current Agreement, and will
8 H' t2 @7 g+ R/ F6 Acontain no adverse amendments from a customer's perspective. It
+ Z* w# C% |/ Dwill also no longer contain U.S.-specific references, and it will9 c _& [8 S6 O# O
be modified to comply with Singaporean payment services8 _3 U4 d+ V2 g9 i
requirements.6 L0 p0 A) v. m& }6 r
' ]. {! g g7 {) Y, p( K& bIf you do not wish to hold a PayPal Private Limited account and
# L( [; t9 T4 lwould prefer to retain your relationship with PayPal, Inc., you
9 I, N+ ]0 _9 F0 emay only do so if you are a resident of the United States, and if
2 m4 m1 V& l& Q! t6 Q- }( O) q2 c9 pthe primary address on your PayPal account as of August 1, 2006 is3 j( t1 W, A4 j2 y( @, P
a legitimate postal address within the United States.& u9 S( s$ s+ M$ w
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If your primary address is not in the United States, you may close
1 \* _6 X: p; P# W2 P% Z7 qyour account at any time, either before or after the transition to
8 t5 a1 i' l$ U/ f6 K4 K% w- dPayPal Private Limited, by logging in to your PayPal account and
: O" e% } ]0 p/ Mclicking Profile. We value your business and hope you'll transfer
; V O+ n* G% Kwith us to PayPal Private Limited, where you'll be able to use
6 O5 U. ^7 B& ]- g) C/ L$ i! p& NPayPal in the same way you do today.
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" f5 R# E8 [2 G1 dOnce the transition from PayPal, Inc. to PayPal Private Limited
* \0 m. |2 d. m: |+ Aoccurs, we will post updated versions of our User Agreement and. l: N( A0 j8 Y" Z/ X) a% K" C
its incorporated policies, as well as our Privacy Policy, to
3 {" S8 R. B6 [! y" h( W1 b I0 y+ qour website.3 a" P- z/ r! A2 B( I7 J* z
1 M1 G7 f! D( ]* F3 E y2 KIf you have any questions prior to August 1, 2006 about these
+ I6 S. L8 ]6 K' Dupcoming changes, please contact Customer Support. You can get
# [" Y% P7 E% b0 P$ ~contact information by logging in to your PayPal account and
" N& Y9 w# Z& Z, @clicking Contact Us at the bottom of your Account Overview page.
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; e/ }5 b s$ oYours sincerely,
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PayPal, Inc. |
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