New User Agreement requirements

anushkasil
New Community Member

Hi,

 

Today i received an email from PayPal informing about the up coming User agreement changes effective April 19th 2018. When reading through I noticed a condition informing how PayPal is going to treat balance functionality. They have stated:-

 

"We’re changing the balance functionality for your PayPal account depending on whether we have been able to verify identifying information that you provide to us. 

  • If we have not verified your identifying information, a balance in your PayPal account can generally only be held in your PayPal account and transferred to a linked bank account or debit card.
  • If we have verified your identifying information, a balance in your PayPal account can be held in your PayPal account, transferred to a linked bank account or debit card, used to make purchases or send money to others. "

My Paypal account is having verified credit card details (and email, mobile phone) but not my bank account (and I don not prefer to include it). So will this be an issue for making purchases online using my PayPal balance under the new requirement? 

 

Thanks in advance.

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