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PayPal can change its terms at any time, and you're bound by those changes if you keep using the service.
Disputes with PayPal will be resolved through arbitration, not in court. This means you won't be able to sue PayPal or participate in a class-action lawsuit.
“resolve disputes by arbitration”
About Your Account
If PayPal's outage or other issue costs you money, the most you can get back is what you paid them last month. This limit applies even if the problem was PayPal's fault.
“unsecured claims against PayPal”
Receiving Funds, Holding a Balance, or Transferring Funds
PayPal can close your account at any time, with or without notice. If this happens, you'll still be responsible for any outstanding fees or debts.
“PayPal may close your account”
Closing Your PayPal Account
If you request a check from PayPal, you must cash it within 180 days or the funds will be returned to your account and you'll lose the $1.50 fee.
“You will have to reinitiate the withdrawal once the limitation or hold has been lifted”
Restrictions on transfers or withdrawals from PayPal accounts
Nothing to do right now — just know it applies.
PayPal can change its terms at any time, and you're bound by those changes if you keep using the service. You'll get at least 21 days' notice if the changes affect personal accounts, or 5 days' notice for business accounts.
“We may revise this agreement”
About Your Account
PayPal will keep your money separate from its own funds, so if the company goes bankrupt, your balance should be safe. However, this protection doesn't apply to cryptocurrency holdings.
“We will neither use these funds for its operating expenses or any other corporate purposes nor will it voluntarily make these funds available to its…”
Receiving Funds, Holding a Balance, or Transferring Funds
PayPal may ask for your tax ID number or other tax-related information to comply with tax laws. You're responsible for paying any taxes owed on your PayPal transactions.
“We may request that you provide PayPal with your tax identification number and/or other tax-related documentation or information”
Taxes and Information Reporting
PayPal may convert your money to a different currency if necessary, using its own exchange rate. You can't use PayPal for speculative trading or trying to profit from currency conversions.
“PayPal may determine currency conversion is necessary”
Managing Your Money in Multiple Currencies
Generated by AI and it can be wrong. Every point links to the source clause so you can check it. This document was last read on August 27, 2026. Read the original.