Sample Business Debit Card Agreement
c. You have requested the refund within eight weeks from the date the money was debited from your PayPal account. They shall bear the burden of proof that those conditions are fulfilled. The refund consists of the total amount of the card payment made. Your card can be used by resellers who accept Mastercard. You can use the card to make purchases in store, on the Internet and over the phone. The card can be used for cash withdrawals from ATMs with the Mastercard acceptance sign. If you use your card to purchase goods or services or obtain money from a reseller, the reseller may try to obtain pre-authorization from us for the transaction. If the dealer makes such a request, we consider that your credit PayPal may be up to thirty (30) days for the amount of the pre-authorization request (which, in some cases, may differ from the actual purchase amount, depending on the dealer). This block may affect the availability of funds in your PayPal account. If you authorize a transaction and do not purchase this item as intended, the authorization may lead to a blocking of this amount of money for up to thirty (30) days. All operations involving an incremental adaptation of the pre-authorization lead to the retention of this sum of money for an additional thirty (30) days from the date of adaptation.
We are not responsible if transactions are not concluded due to blocking. If the pre-authorization requirement depends on the actual transaction amount, we will account for the actual transaction amount of your PayPal balance. To the extent that there are not or not enough credits available to finance a transaction, you authorize PayPal to withdraw the amount by direct debit from your bank account, credit this amount to your PayPal credit and use it immediately to finance this transaction. This agreement (“Agreement”) is a legally valid agreement between you and PayPal (Europe) S.à r.l. et Cie, S.C.A. (“we”, “us” or “PayPal”). If the payment order is received on a working day after 16:00 German time, the payment order is deemed to have been received on the next working day. Turnaround times (as defined below) only begin to run when a payment order is considered received.
It regulates the issuance and use of your PayPal Business Debit Mastercard (the “Card” or “Cards”). The Agreement supplements the PayPal Agreement that governs your use of PayPal Services in general. For example, you have a U.S. dollar balance in your PayPal account. If you pay with your card to a reseller in the United States, we will not use this credit in U.S. dollars. The transaction amount in US dollars will be converted to EUROS and we will only use your EUROS credits in your PayPal account and perhaps the amount in euros that we will withdraw from your bank account for payment. (see section 8). You can only use your card(s) for business expenses. In particular, we do not charge cross-border fees or currency conversion fees for payments made with your card(s).
If paying or withdrawing cash with your card involves currency conversion by PayPal, Mastercard`s exchange rates are applied on the day of payment with the recipient`s bank. For mastercard courses, please consult the Mastercard Currency Conversion Calculator. The conversion fee as a percentage on the reference interest rates issued by the European Central Bank is available here. . . .