The statement discloses that for EEA users under Luxembourg banking regulations, PayPal updates the third-party recipient list quarterly, provides 30 days before beginning new transfers, and deems users who do not object within 30 days to have accepted the updated third-party disclosures. Users who object may only exit the arrangement by closing their account.
This analysis describes what PayPal's agreement states, permits, or reserves. It does not constitute a legal determination about enforceability. Regulatory applicability and practical outcomes may vary by jurisdiction, enforcement context, and individual circumstances. Read our methodology
This provision establishes a deemed consent mechanism for EEA users under Luxembourg banking law, under which failure to object within 30 days of a quarterly third-party list update constitutes acceptance of new data disclosures. This mechanism is specific to PayPal's status as a Luxembourg-regulated entity and creates a quarterly monitoring obligation for EEA users or their representatives seeking to manage third-party data sharing.
⚠ If an EEA user does not object within 30 days of a quarterly third-party list update, they are deemed to have accepted the updated disclosures as stated in the terms.
⚠ The only remedy stated in the document for users who object to updated disclosures is to close their PayPal account and stop using services.
Cross-platform context
See how other platforms handle EEA Banking Regulations Third-Party List Update with Deemed Consent and similar clauses.
Compare across platforms →"PayPal may update the list of third parties referred to above on the first business day of every quarter (January, April, July and October). PayPal will only start transferring any Personal Information to any of the new entities or for the new purposes or Personal Information types indicated in each update after 30 days from the date when that list is made public through this Privacy Statement. You should review the list each quarter on the PayPal website on the dates stated above. If you do not object to the new Personal Information disclosure, within 30 days after the publication of the updated list of third parties, you are deemed to have accepted the changes to the list and to this Privacy Statement. If you do not agree with the changes, you may close your account and stop using our services.Excerpt from PayPal's Privacy Statement
REGULATORY LANDSCAPE: This provision is grounded in Luxembourg banking secrecy and data protection law, which PayPal states requires a higher degree of transparency than most other EU laws, and which the statement asserts requires explicit …
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This provision establishes a deemed consent mechanism for EEA users under Luxembourg banking law, under which failure to object within 30 days of a quarterly third-party list update constitutes acceptance of new data disclosures. This mechanism is specific to PayPal's status as a Luxembourg-regulated entity and creates a quarterly monitoring obligation for EEA users or their representatives seeking to manage …
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