Mastercard Business Debit Card Agreement

Author: Georald Camposano | April 10th, 2021

It regulates the issuance and use of your business debit Mastercard PayPal (the “card” or “cards”). The agreement complements the PayPal use contract that governs your use of PayPal services in general. Terms and Conditions/Definitions of the PayPal Business Debit Mastercard Business Debit Mastercard This agreement (“Agreement”) is a legal agreement between you and PayPal (Europe) LLP and Co.C S.C.A. (“we” or “PayPal”). The loading space can take up to ten (10) days. During the period of detention, you do not have access to the pre-authorized amount. Neither the issuer nor PayPal are 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 debit the actual amount of the transaction to your PayPal account, even if this has the effect of making your account PayPal negative, as no source of hedging financing was available in your account PayPal. You remain responsible for negative balances in your PayPal account. You do not have the right to stop payment when making a purchase or payment transaction as a result of using your debit card. The expiry date of the debit card is displayed on the back of your debit card. Balances on the PayPal account are not cancelled, regardless of the expiry date on the back of the debit card.

If the signature sign is on the back of the debit card, you agree to sign it as soon as you receive it. The debit card remains the property of the issuer and must be delivered upon request. The debit card is not a credit card and is not intended for resale. You will not collect interest on your balance in the PayPal account. The debit card is non-transferable and can be cancelled, withdrawn or revoked at any time without notice, in accordance with applicable law. You recognize and accept that funds that can be spent using the card are limited to the balance available in your PayPal account or linked bank account. We may refuse to process transactions that we believe are contrary to the terms of this Agreement, the PayPal use agreement or other agreements between you and PayPal that apply to your use of PayPal. We may also reject debit card applications at our sole discretion. For example, you have a U.S. dollar credit in your PayPal account. If you make a payment with your card to a reseller in the U.S., we will not use this dollar credit.

The amount of the transaction in U.S. dollars is converted to EUR and we will only use your EUR credit in your PayPal account and possibly the amount of the EURO that we deduct by direct debit for the payment of your bank account. (see section 8). 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 a request of this type, we set your PayPal credit for the amount of the pre-authorization application for up to thirty (30) days (which may vary in some cases the amount of the actual purchase depending on the dealer). This blockage can affect the availability of funds in your PayPal account. 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 bookings involving an incremental pre-authorization adjustment result in a freeze of this amount for up to thirty (30) days from the adjustment date. We are not liable if the transactions are not concluded because of the blockage. If the pre-authorization requirement is deducted from the actual booking amount, we will charge the actual amount of the booking on your balance PayPal.

Your card can be used by resellers who accept Mastercard. You can use the card to make purchases in-store, over the Internet and over the phone. The card can be used for cash withdrawals at ATMs with the Mastercard acceptance sign. If you use your card (s) for a transaction, i.e.

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