What changed in PayPal's terms

We re-read this document on a schedule and compare it to the last version. Read the current version.

September 15, 2026 Grade F (86) → C (34)

Unilateral Changes. PayPal can change its terms at any time, and you're bound by them if you keep using the service after the change. You'll get notice of changes, but you have to check for them.
Account Termination. PayPal can close your account, and if it does, you'll still be responsible for any obligations related to your account.
Liability Limits. If you have a balance in your PayPal account, it's not FDIC-insured, and you won't earn interest on it.
Price Changes. PayPal can change its fees at any time, and you'll be charged the new fees if you keep using the service.
Third-Party Transfer. You can add funds to your business account at participating retail stores.

September 3, 2026 Grade D (60) → F (86)

Changes — now high risk. PayPal can change its terms at any time, and if the changes reduce your rights or increase your responsibilities, they will provide notice. You should check the Policy Updates page for changes.

Automatic Payments. If you've entered into an automatic payment agreement, PayPal will charge your preferred payment method for the available amount each time you make a purchase from the seller.
Fees. You're responsible for paying fees applicable to your account, including fees for transferring funds, using certain payment methods, and other services.
Account Closure. You can close your PayPal account at any time, but you'll still be responsible for any obligations related to your account, even after it's closed.
Governing Law. The laws of the state of California will govern any disputes between you and PayPal.