Paypal Cash Card User Agreement
- Posted on April 11, 2021
- in Uncategorized
- by admin
Unless these Terms have been amended, all other provisions of the user agreement will remain in full force. If you use your card to purchase goods or services or to get money from a reseller, the merchant may try to get a pre-authorization from us for the transaction. If the merchant makes such a request, we set up to ten (10) days on your card account for the amount of the pre-authorization request (which, in some cases, may differ from the actual purchase amount, depending on the dealer). This blockage can affect the availability of funds in your credit. If you allow a reservation and you do not purchase this item as planned, the authorization may result in a freeze for up to thirty (30) days. All car rental transactions can result in a blockage of up to 60 days. If you use the card on a “Pay at the pump” card, the transaction can be pre-authorized for up to $100.00. If the card is declined when you have enough money, use the card to pay for your purchase inside with the cash register. This hold is released as soon as the trader submits the transaction to billing, which can last up to ten (10) days. If you use the card in a restaurant, hotel, car rental purchase or similar purchases, the transaction can be pre-authorized for the purchase amount plus up to 20% to ensure that there are sufficient funds available to cover advice or incidental costs. Pre-authorization will place a “maintenance” on your available balance until the merchant sends us the final payment amount for your purchase. The loading space can take up to ten (10) days. During the downtime, you do not have access to the pre-authorized amounts.
We are not liable if the transactions are not concluded because of the blockage. If the pre-authorization requirement is deducted from the actual transaction amount, we will mortgage the actual amount of your balance booking, even if it has a negative effect on your balance. You remain responsible for any negative amounts. If you use the card on a “Pay at the pump” card, the transaction can be pre-authorized for up to $100.00. If the card is declined but you have sufficient resources in your Venmo account, you should use the card to pay for the purchase inside with the cash register. If you are a charitable organization and have a PayPal account, you can participate in PayPal programs. PayPal Giving Fund is a donation fund (DAF) recognized by the Internal Revenue Service (IRS), which is recognized as a public charity exempt from tax in accordance with Section 501 (c) (3) code (Bundessteuer-ID: 45-0931286).