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 "PayPal customers" 

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"PayPal customers"
Posted by ladywcats on Feb-18-19 at 09:17 AM (Eastern)
Posted on Feb-18-19 at 09:17 AM (Eastern) by 50.5.117.130

We are updating the PayPal Account User Agreement and the Electronic Communications Delivery Policy. These changes will go into effect on March 29, 2019 and apply to U.S. PayPal customers. If you're interested in more detail, please visit our Policy Update Page.
What you'll see in the updated User Agreement for personal PayPal accounts
As a result of a new regulation issued by the Consumer Financial Protection Bureau in Washington, D.C. coming into effect on April 1, 2019, we are making some changes that will affect consumers who want to hold and use balance with PayPal.
Beginning March 29, 2019, to continue to hold and use balance at PayPal like you do today, you will need a linked balance account, which for your convenience we will establish and automatically link to your current PayPal account. Your balance account information will be easily available using your existing PayPal login.
There are no changes to any PayPal fees.
Detailed information about your balance account (known as PayPal Cash Plus) can be found in the PayPal Cash and PayPal Cash Plus Terms and Conditions.
We are also making two other changes: (1) we are changing the time period for providing you with advance notice about important changes to the PayPal Account User Agreement to at least 21 days; and (2) we are clarifying how and when we convert currency.

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 Table of Contents
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1 . "does this mean we will have 2 paypal accounts?"
Posted by ladywcats on Feb-18-19 at 09:18 AM (Eastern)
Posted on Feb-18-19 at 09:18 AM (Eastern) by 50.5.117.130

I am not understanding this new update, that goes into affect 29 mar 2019

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2 . "I read this as needing to be linked to bank account..."
Posted by Meezer_Mom on Feb-18-19 at 10:28 AM (Eastern)
Posted on Feb-18-19 at 10:28 AM (Eastern) by 107.77.165.2

Or credit card.

That used to be the case but then they changed it so people could just use what others sent them. I take it as just going back to requiring a backup account.

Purrrz,

Sue
>^..^<

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Meezer_Mom joined in 2003
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3 . "Not 2 accounts...just has to be linked to a checking/bank account...I never keep balance in pp, I always have it taken out of my checking . So nothing new here for me"
Posted by JOYHAPPYONE on Feb-18-19 at 10:41 AM (Eastern)
Posted on Feb-18-19 at 10:41 AM (Eastern) by 45.19.209.10


PILATES ?
HELL NO, I thought you said
PIE and LATTES !!!!

JOYHAPPYONE joined in 2001
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4 . "this part seems a bit troubling, "...which for your convenience we will establish...""
Posted by Tiggy on Feb-18-19 at 02:59 PM (Eastern)
Posted on Feb-18-19 at 02:59 PM (Eastern) by 65.26.239.132

Does that mean your own checking account, or an account with them???

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5 . "My paypal acct is tied to my checking acct.(more)"
Posted by merryone on Feb-18-19 at 08:17 PM (Eastern)
Posted on Feb-18-19 at 08:17 PM (Eastern) by 66.156.167.31

I have a checking acct that I use just for paypal & I don't keep much in it. Just for paypal purposes.
I have never had any problems.

merryone joined in 2005
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6 . "As of now, most are saying this is a phishing scam. on the actual PP page, there is no notification about any impending changes. I wouldn't do anything until you get a notice AT pp"
Posted by Chicagoclipper on Feb-18-19 at 11:49 PM (Eastern)
Posted on Feb-18-19 at 11:49 PM (Eastern) by 75.26.242.150

Sunny skies once again

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7 . "EXCELLENT IDEA!"
Posted by Tiggy on Feb-19-19 at 07:42 AM (Eastern)
Posted on Feb-19-19 at 07:42 AM (Eastern) by 65.26.239.132

better safe than sorry

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8 . "This is helpful too, and I have used it for years ..."
Posted by Jorainna on Feb-20-19 at 10:57 AM (Eastern)
Posted on Feb-20-19 at 10:57 AM (Eastern) by 64.191.173.231

"If you believe you've received a phishing email, follow these steps right away: Forward the entire email to spoof@paypal.com. Do not alter the subject line or forward the message as an attachment. Delete the suspicious email from your inbox."

Jorainna joined in 1/2007
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