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since ‎Jun-11-2024
Country: Philippines
Type: Personal
AM138
AM138
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  • Latest Contributions by AM138

Re: Why is my money taken saying it's by damage bu...

by kernowlass Esteemed Advisor in Security and Fraud
‎Jun-12-2024 02:02 AM
1 Kudo
‎Jun-12-2024 02:02 AM
1 Kudo
@AM138    https://www.paypal.com/ph/legalhub/useragreement-full#restricted   If you've violated our Acceptable Use Policy, or if you are a seller and receive funds for transactions that violate the Acceptable Use Policy, then you're also responsible for damages to PayPal caused by your violation of this policy; or If you are a seller and receive funds for transactions that violate the Acceptable Use Policy and said violation is associated with fraud or the sale of goods that are counterfeit or otherwise infringe on intellectual property rights, then in addition to being subject to the above actions you will be liable to PayPal for the amount of PayPal's damages caused by said violation. You acknowledge and agree that $2,500 USD (or equivalent) per violation is presently a reasonable minimum estimate of PayPal's actual damages - including, but not limited to internal administrative costs incurred by PayPal to monitor and track violations, damage to PayPal’s brand and reputation, and penalties imposed upon PayPal by its business partners resulting from said violation associated with fraud or the sale of goods that are counterfeit or otherwise infringe on intellectual property rights - considering all currently existing circumstances, including the relationship of the sum to the range of harm to PayPal that reasonably could be anticipated because, due to the nature of the violation, actual damages would be impractical or extremely difficult to calculate. PayPal may deduct such damages directly from any existing balance in any PayPal account you control. ... View more
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