PayPal is continuing to make preparations for becoming an independent company once it breaks up with eBay. This week, it sent an email to its users informing them of changes to its policies.
As the payments service explained in its letter to users, “Soon, PayPal and eBay will no longer be part of the same group of companies and will operate as unrelated, separate organizations.”
According to the email, the highlights of the policy changes are as follows:
- The User Agreement has been revised to reflect how PayPal services will work after the separation.
- We’ve updated the User Agreement regarding when and how we may contact you.
- We’ve expanded our PayPal Buyer Protections to include intangibles like digital items and services.
- We changed our fee structure for certain sellers and nonprofits.
- We also updated the terms of the PayPal User Agreement relating to how legal disputes with PayPal are resolved, including changes to the Agreement to Arbitrate.
PayPal also updated its UK policies, informing sellers in that country last month.
PayPal also recently changed its buyer protection policy, extending it to cover intangible goods, including digital goods and services.
Here are links to the U.S. and UK policy change summary: