PayPal, Inc. is pleased to announce that we are preparing to open) t& H! l( r$ x7 \6 y+ e, n
a new regional headquarters, PayPal Private Limited, a PayPal l1 o3 H+ E+ v2 b' C, {6 f
group company incorporated in Singapore. These headquarters will
- L$ `7 H/ H8 a3 W" xbe the service provider for PayPal customers outside the United! ?( B& P$ } r( T% Q+ c4 q
States and the European Union. Going forward, this development% k' _" r6 Q2 j9 H- h
will help us improve services for our customers worldwide.; s6 w; N5 l% o7 u5 N
0 W& W: s. \1 {Please note that no action will be necessary on your part. You. i$ H! P |+ Z2 ^9 _" ^2 P
will be able to continue using your PayPal account as you do today.
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$ l8 R: X; L3 |8 x8 G+ t/ fYour Existing Customer Relationship with PayPal
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8 O7 l3 M, U7 y4 b3 sUntil August 1, 2006, your customer relationship will continue to
H# Q0 V* R5 O c$ |5 c0 _be with PayPal, Inc. (a U.S. company) under the PayPal User6 N1 O v* o5 O
Agreement, which is governed by California law.
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A New Customer Relationship with PayPal% _6 \" ^& N# l4 T$ R! {
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With the opening of our new regional headquarters, your customer, f: b5 z! Q* T8 X' W2 E
relationship will automatically be transferred to PayPal Private
6 ^ s8 T# _1 t" }( U4 vLimited. We anticipate that this will occur on August 1, 2006. At B/ q2 |$ }% ?
that time, we will introduce minor changes to the User Agreement
. a% p9 f7 f) W$ Z: R" z4 Zand its incorporated policies, and to the Privacy Policy. The new1 [* ~7 K8 @' t( H# ]( X" r
User Agreement will be similar to the current Agreement, and will
4 ~( I6 H+ `& R) l) lcontain no adverse amendments from a customer's perspective. It
I& k3 L+ z. b* I! K$ p; xwill also no longer contain U.S.-specific references, and it will. b i. Q$ B/ A) c- T( D; w8 m }
be modified to comply with Singaporean payment services; @& Z) w( P t
requirements., X. N& o2 K$ V9 n4 i% ?8 C
" x Q9 x \0 e4 R. pIf you do not wish to hold a PayPal Private Limited account and; O. d& o7 S! `: y2 Y
would prefer to retain your relationship with PayPal, Inc., you
7 p% w" F, \( L! g) Z3 i& A* a# Jmay only do so if you are a resident of the United States, and if
% l+ |* @# O) S7 t- n& ~7 Qthe primary address on your PayPal account as of August 1, 2006 is0 C; j) ~2 k% E. D$ n( ^
a legitimate postal address within the United States.
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If your primary address is not in the United States, you may close
5 |7 K0 W1 g3 r% d: Kyour account at any time, either before or after the transition to0 ]. U$ c- A# p9 u0 I6 m+ L
PayPal Private Limited, by logging in to your PayPal account and
# k1 K$ d1 u5 A2 ~! a3 ?, o I% rclicking Profile. We value your business and hope you'll transfer
2 r0 r# v0 T' Q7 }# D$ Rwith us to PayPal Private Limited, where you'll be able to use0 x: M- D, j/ P6 P A# n; ?+ ^
PayPal in the same way you do today.
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Once the transition from PayPal, Inc. to PayPal Private Limited. j- H& G9 g) Y& `% c# ~5 l
occurs, we will post updated versions of our User Agreement and
+ K* G' v2 F" L8 N4 W. T8 Wits incorporated policies, as well as our Privacy Policy, to& _/ H9 Y9 [8 N; z8 ~
our website.
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: f u g+ v% y7 O B y2 Y" }If you have any questions prior to August 1, 2006 about these' `4 s$ r1 S! y! P/ X+ G# f/ H9 V# I
upcoming changes, please contact Customer Support. You can get
* k2 H' |9 m) A" ]' S# s4 {' qcontact information by logging in to your PayPal account and& v; C8 g& W! ~# ^$ y! S
clicking Contact Us at the bottom of your Account Overview page.$ W; G6 x2 I! ~) I7 Z1 c
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Yours sincerely,* q' T0 i& S+ ]: ~, T* ^4 o6 d- E1 H
% n, D( M# n( d1 b* Q! yPayPal, Inc. |
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