By accepting this provision, business account holders are making a legal attestation of regulatory compliance — if your MFA implementation doesn't actually meet NY DFS Part 500 or FTC Safeguards Rule standards, you may be in breach of both this agreement and the underlying regulations.
This new provision shifts compliance burden to users for specific security standards (NY DFS Part 500 and federal safeguarding regulations) and requires users to attest and provide proof of MFA compliance.
View full change record →PayPal's User Agreement significantly affects your financial rights and access to funds — PayPal can place holds on your money for up to 180 days and limit or suspend your account at its discretion. You waive the right to participate in class action lawsuits and must resolve all disputes through individual binding arbitration, which is generally more costly and less accessible for small-dollar claims. You can opt out of the arbitration agreement by sending a written notice to PayPal's Legal Department at 2211 North First Street, San Jose, CA 95131 within 30 days of first accepting the User Agreement.
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Reporting. If you become aware of any violation of this Policy, you will immediately notify us and provide us with assistance, as requested, to stop or remedy the violation. To report any violation of this Policy, please contact us at https://aws.amazon.com/forms/report-abuse.
Except where prohibited by law, you may not, nor may you permit any third party, directly or indirectly to: export the Services, which may be subject to export restrictions imposed by US law, including US Export Administration Regulations (15 C.F.R. Chapter VII); engage in any activity that may be i...
be at least 18 years old or the age of majority to legally enter into a contract under the laws of your home country if that happens to be greater than 18; and be legally permitted to use the App by the laws of your home country. Please note that we monitor for underage use and we will terminate, su...
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Watch PayPalBy accepting this provision, business account holders are making a legal attestation of regulatory compliance — if your MFA implementation doesn't actually meet NY DFS Part 500 or FTC Safeguards Rule standards, you may be in breach of both this agreement and the underlying regulations.
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