PayPal, Inc. is pleased to announce that we are preparing to open" Y/ g1 W) D& K0 ?/ v- r. h/ A) E' z
a new regional headquarters, PayPal Private Limited, a PayPal
6 y2 P( w' y/ Z. U( d' f/ Ugroup company incorporated in Singapore. These headquarters will6 o) T1 K5 d6 a/ O: ]! j
be the service provider for PayPal customers outside the United
# a- D: ]; `+ \1 B8 g9 d6 \3 k% S1 BStates and the European Union. Going forward, this development3 J% M! r5 ~2 b9 T r2 l
will help us improve services for our customers worldwide.
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Please note that no action will be necessary on your part. You# D+ X9 j( t9 [
will be able to continue using your PayPal account as you do today.
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Your Existing Customer Relationship with PayPal
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/ j3 b1 B A0 y! `5 b7 U- QUntil August 1, 2006, your customer relationship will continue to
4 {, ^' }) A! {( r# x7 W9 S vbe with PayPal, Inc. (a U.S. company) under the PayPal User/ b' c% A) T" B' I) N! E: h2 q
Agreement, which is governed by California law.
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/ o1 B( j0 [, `' S9 s- S- YA New Customer Relationship with PayPal
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With the opening of our new regional headquarters, your customer( Y' K! Y" j- z8 i2 h& \
relationship will automatically be transferred to PayPal Private/ p( O) T2 d3 D* I
Limited. We anticipate that this will occur on August 1, 2006. At
4 b" g4 l6 j5 ]# `+ _that time, we will introduce minor changes to the User Agreement/ g& e) p1 [; P( @4 A1 [) Q
and its incorporated policies, and to the Privacy Policy. The new
" j) H7 w' A7 k3 i( I6 }3 HUser Agreement will be similar to the current Agreement, and will/ N! L! y0 O: o# u) M- M% Y. `
contain no adverse amendments from a customer's perspective. It1 t9 i( g$ O( N; Y5 L% p5 P
will also no longer contain U.S.-specific references, and it will
: b: t. g7 H, Q: g# cbe modified to comply with Singaporean payment services
0 L( g# d/ C+ G& E4 \9 Y( N: qrequirements.
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If you do not wish to hold a PayPal Private Limited account and/ r& V c( D' V8 p
would prefer to retain your relationship with PayPal, Inc., you9 U$ v8 f* `# Q; e* P# i
may only do so if you are a resident of the United States, and if
" [! b0 p* h! gthe primary address on your PayPal account as of August 1, 2006 is B0 r* l3 h Z# J( N" x6 ~0 m
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
+ z2 W$ p6 y' U( X$ q9 u Gyour account at any time, either before or after the transition to
, J" R$ W/ w F7 j9 ~PayPal Private Limited, by logging in to your PayPal account and
0 d+ P- _' |% j% `# }* oclicking Profile. We value your business and hope you'll transfer, S2 Q6 R7 `+ m# V" i% d
with us to PayPal Private Limited, where you'll be able to use; G5 ]' I9 C3 \
PayPal in the same way you do today.
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9 t0 A9 q" O/ uOnce the transition from PayPal, Inc. to PayPal Private Limited
& L8 @8 p" \1 _* Goccurs, we will post updated versions of our User Agreement and
$ o$ _" u& E$ A' b6 @( m; { A# sits incorporated policies, as well as our Privacy Policy, to
/ y, ]4 D# q3 ^1 N; T' D8 Nour website.
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* s4 y: a, l D% O% @* c& L* yIf you have any questions prior to August 1, 2006 about these
" @' \: @; }7 |( h* M/ Q5 e0 {upcoming changes, please contact Customer Support. You can get. x& ?! T& Z( g
contact information by logging in to your PayPal account and& I \- [6 u: r8 g% T. P8 B
clicking Contact Us at the bottom of your Account Overview page.
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' q7 J* L. R0 [# ]4 p- L7 RYours sincerely,6 d t b9 e+ u: h# R( u
# H5 a' y# @0 a7 m" jPayPal, Inc. |
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