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PayPal, Inc. is pleased to announce that we are preparing to open
a new regional headquarters, PayPal Private Limited, a PayPal
group company incorporated in Singapore. These headquarters will
be the service provider for PayPal customers outside the United
States and the European Union. Going forward, this development
will help us improve services for our customers worldwide.
Please note that no action will be necessary on your part. You
will be able to continue using your PayPal account as you do today.
Your Existing Customer Relationship with PayPal
Until August 1, 2006, your customer relationship will continue to
be with PayPal, Inc. (a U.S. company) under the PayPal User
Agreement, which is governed by California law.
A New Customer Relationship with PayPal
With the opening of our new regional headquarters, your customer
relationship will automatically be transferred to PayPal Private
Limited. We anticipate that this will occur on August 1, 2006. At
that time, we will introduce minor changes to the User Agreement
and its incorporated policies, and to the Privacy Policy. The new
User Agreement will be similar to the current Agreement, and will
contain no adverse amendments from a customer's perspective. It
will also no longer contain U.S.-specific references, and it will
be modified to comply with Singaporean payment services
requirements.
If you do not wish to hold a PayPal Private Limited account and
would prefer to retain your relationship with PayPal, Inc., you
may only do so if you are a resident of the United States, and if
the primary address on your PayPal account as of August 1, 2006 is
a legitimate postal address within the United States.
If your primary address is not in the United States, you may close
your account at any time, either before or after the transition to
PayPal Private Limited, by logging in to your PayPal account and
clicking Profile. We value your business and hope you'll transfer
with us to PayPal Private Limited, where you'll be able to use
PayPal in the same way you do today.
Once the transition from PayPal, Inc. to PayPal Private Limited
occurs, we will post updated versions of our User Agreement and
its incorporated policies, as well as our Privacy Policy, to
our website.
If you have any questions prior to August 1, 2006 about these
upcoming changes, please contact Customer Support. You can get
contact information by logging in to your PayPal account and
clicking Contact Us at the bottom of your Account Overview page.
Yours sincerely,
PayPal, Inc. |
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