Below is an exhaustive collection of policy changes made by paypal sinc 2003 until today.  This is Part 4 of 4 parts. You will find here much good info that you may find skeptical and controversial with Ebays policy.  Please read and enjoy.

Policy Updates
 

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User Agreement Update
 
 
Notice Date: August 21, 2003
Effective Date: August 21, 2003
Updated Bonus Policy to open Merchant Referral Bonus to all PayPal members and clarify some Merchant Referral Bonus Terms. Added end date for New Account and Referral Bonus programs.

User Agreement Update
 
 
Notice Date: August 15, 2003
Effective Date: August 15, 2003
Updated Merchant Referral Bonus payouts for Pounds Sterling and Yen in the Bonus Policy. Changed name and updated terms of the Expanded Use Program (previously "Completing your PayPal Membership") in the Payments (Sending, Receiving, and Withdrawals) Policy.

Bank Account Format Change
 
 
Notice Date: July 24, 2003
Effective Date: September 5, 2003
Starting on September 1, 2003, non-U.S. members who attached a Mexican bank account to their PayPal account on or before July 17, 2003 are required to update their PayPal accounts with the new 18-digit bank account number format (known as the "Codigo Cuenta Cliente" or CLABE), in accordance with Central Bank of Mexico regulations. Members who do not make the required changes by September 1, 2003 may be subject to the automatic removal of their bank account number from their PayPal account.

PayPal Surcharging Policy Update
 
 
Notice Date: July 10, 2003
Effective Date: July 25, 2003
PayPal's No Surcharge Policy has been updated to clarify when surcharging may occur in the United Kingdom. Section V of the Payments (Sending, Receiving, and Withdrawals) Policy describes the conditions under which sellers residing in the UK and listing items for sale on a UK-based website may impose a surcharge (a fee to the buyer for accepting credit card payments).

The conditions are:
Both the buyer and the seller reside in the United Kingdom.
The purchase price is paid in Pounds Sterling.
The surcharge imposed by the seller is no greater than is necessary to recover the receiving fees incurred by the seller.
The seller clearly indicates to the buyer prior to the buyer's submission of a bid or (in non-auction transactions) prior to the completion of the purchase that a surcharge will be incurred, and the amount of the surcharge
PayPal continues to discourage surcharging as it believes it is detrimental to both buyers and sellers. We will continue to evaluate the effects and incidences of surcharging on our community over the coming months and may continue to revise our policies on this issue in the future.

User Agreement Update
 
 
Notice Date: June 26, 2003
Effective Date: June 26, 2003
Updated the main body of the User Agreement to incorporate minor edits and the following other changes: a) removed redundant Section 14, Additional Term; b) Included new dispute resolution information to Section 17, Disclosures; c) Added Part e to Section 7.2, Restricted Activities; and d) edited information about the FDIC Pass-Through Insurance in Section 2.1, Agency Relationship. Clarified Section D, Information Security, of the Privacy Policy to emphasize that PayPal will not ask for private information in emails or websites with a URL that does not begin with https://www.paypal.com. Updated Electronic Fund Transfer Rights and Error Resolution Policy. Updated Section 2a, Non-U.S. Member Electronic Transfers, of the Payments (Sending, Receiving, and Withdrawals) Policy to include Sweden, Switzerland, Norway as countries eligible to add funds by electronic transfer. Updated daily transaction limit in Section 5, Other Terms and Conditions, of the Debit Card Policy.

User Agreement Update
 
 
Notice Date: June 4, 2003
Effective Date: June 4, 2003
Updated Section 4, Non-U.S. Use, of the main User Agreement to include Austria, Belgium, and Switzerland in the list of countries that may withdraw funds to a local bank account.

User Agreement Update
 
 
Notice Date: May 15, 2003
Effective Date: May 15, 2003
Added Section 4.ix, Volume Composition, to the Merchant Referral Bonus section of the Bonus Policy.

User Agreement Update
 
 
Notice Date: May 7, 2003
Effective Date: May 7, 2003
Updated Section 10 of the main User Agreement to state that any redemption points stored in your PayPal account are forfeit on account closure.

User Agreement Update
 
 
Notice Date: May 1, 2003
Effective Date: May 1, 2003
Added Malls section to Acceptable Use Policy.

User Agreement Update
 
 
Notice Date: April 25, 2003
Effective Date: April 25, 2003
Updated Section d of the Fees Policy to reflect that we no longer charge to add funds from a non-U.S. bank account. Updated entire User Agreement to reflect site-wide terminology changes: International accounts are now referred to by the country name when possible (e.g. "Canadian Account") and as "Non-U.S. Accounts" when it is not possible. This change was made to clarify for all of our users which specific instructions and terms refer to them. Updated Sections 1.a and 2.a of the Payments (Sending, Receiving, Withdrawing) Policy to clarify that PayPal makes two small deposits for Expanded Use on adding a U.S. bank account, to include further information on changing your default funding method, and to remove the fee associated with bank account transfers in Germany and the Netherlands. Added a Bonus Policy to the User Agreement, consolidating the previously separate terms of the New Account and Refer-A-Friend Bonuses.

User Agreement Update
 
 
Notice Date: April 19, 2003
Effective Date: April 19, 2003
Clarified main User Agreement to clearly state that PayPal is not available to minors under 18. Updated Section 2.i.b of the Payments (Sending, Receiving, Withdrawing) Policy to reflect correct returned ACH fees for International bank accounts.

User Agreement Update
 
 
Notice Date: April 10, 2003
Effective Date: June 12, 2003
PayPal has updated its Acceptable Use Policy to simplify the policy on transactions of adult items. After June 12, 2003, PayPal will no longer process transactions for adult items through the Mature Audiences category on eBay.com. As a result, after June 12, 2003, PayPal will no longer process payments for adult items anywhere on the internet.

PayPal strives to find the right balance between serving our community and minimizing our financial risk. We feel that exiting the Mature Audiences category with a clear and consistent policy for all adult items best achieves this balance.

As part of this effort, we are extending the deadline for when PayPal customers must stop sending and receiving payments for tangible adult products, including magazines, DVDs and videocassettes. Originally May 12, 2003, this deadline has now been extended to June 12, 2003 to correspond with the phase-out of PayPal service for these items on eBay. The deadline to stop sending and receiving payments for digital adult products and services, including online photos, streaming video and audio services, will remain May 12, 2003. For more information on our Mature Audience Policy click here.

User Agreement Update
 
 
Notice Date: April 3, 2003
Effective Date: April 3, 2003
Added Section 3 to the Electronic Funds Transfer Rights and Error Resolution Policy, to clarify PayPal's ability to resolve processing errors. Updated Section 11, Remedies and PayPal's Right to Collect From You, of the main User Agreement to clarify that transactions must post to the funding source before they are considered completed in the PayPal system. Updated Payments (Sending, Receiving, and Withdrawals) Policy to clarify PayPal's right to investigate transactions for fraud reasons and requirement for high-volume users to provide PayPal with additional information. Updated Money Back Guarantee Policy to include process for ineligible merchandise which was returned to PayPal and merchandise returned to PayPal with incomplete documentation.

User Agreement Update
 
 
Notice Date: March 20, 2003
Effective Date: March 20, 2003
Updated numbering of Section 6.4, Electronic Fees, of the Main User Agreement (Section 6.3 was previously listed twice).

Acceptable Use Policy
 
 
Notice Date: March 13, 2003
Effective Date: March 13, 2003
PayPal has added an Acceptable Use Policy to the User Agreement to further clarify items which may be sold using PayPal, and items which may be sold or advertised on websites listed in the PayPal Shops directory. PayPal customers are ultimately responsible for making sure that the transactions they enter into using PayPal are legal. While the Acceptable Use Policy is primarily a clarification of existing PayPal policies, in our attempt to find the right balance between serving the needs of our diverse customer base while at the same time minimizing our financial risks, it was necessary to introduce some additional limitations on the use of PayPal. The Acceptable Use Policy will replace the PayPal Shops Allowable Goods and Services Guidebook.

The Acceptable Use Policy below will take immediate effect for all accounts who sign up on or after March 13, 2003. All accounts who signed up prior to March 13, 2003 will have 60 days to comply with any new terms and conditions in the Acceptable Use Policy below. These accounts must continue to abide by the previous terms of the PayPal User Agreement and associated Policies during the 120-day grace period. As always, there will be no grace period for compliance with regard to any activity that is believed to be illegal.

User Agreement Update
 
 
Notice Date: March 13, 2003
Effective Date: March 13, 2003
Updated Section IV.2, International Users Withdrawals, of the Payments (Sending, Receiving, and Withdrawing) Policy to allow users in Austria, Belgium, and Switzerland to add a local bank account. Added Monthly Activity Summary and Merchant Sales Report information to Section 4 of the Premier and Business Account Policy and Section 1 of the Electronic Funds Transfer Rights and Error Resolution Policy. Updated Section II.2, Receipt of Payments, of the Payments Policy to contain a link to the Seller Protection Policy (the previous reference was to a section of the old User Agreement). Renamed Section 2.6 of main User Agreement to Limitation of Liability (previously "Limit of Liability"), and reorganized content of that section to improve clarity.

User Agreement Update
 
 
Notice Date: February 20, 2003
Effective Date: February 20, 2003
Added Section 7.4, Trademarks, regarding PayPal trademarks and terms for use of the PayPal logo. Clarified Section 11, Remedies and PayPal's Right to Collect from You, to allow holding funds to ensure their integrity. Updated Section f, Membership Fees, of the Fees Policy to contain a link to the Payments Policy (the previous reference was to a section of the old User Agreement). Fixed typos in Section 5.3, Withdrawals.

Reduction in Withdrawal Fees
 
 
Notice Date: February 13, 2003
Effective Date: March 13, 2003
Starting on March 13, 2003, PayPal will reduce the fee for withdrawing funds to a bank account for members in the following countries: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Japan, Mexico, Netherlands, New Zealand, Norway, Singapore, Spain, Sweden, Switzerland, and United Kingdom. This reduced withdrawal fee reflects a recent reduction in PayPal's withdrawal processing costs with its banking vendors. View new withdrawal fees.

Reduction in Minimum Withdrawal Amount
 
 
Notice Date: February 13, 2003
Effective Date: March 13, 2003
Starting on March 12, 2003, PayPal will reduce the minimum withdrawal amount for bank account withdrawals for users in the following countries: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Japan, Mexico, Netherlands, New Zealand, Norway, Singapore, Spain, Sweden, Switzerland, and United Kingdom. The minimum withdrawal amount is based on the currency of the balance from which the withdrawal is being made. View new minimum withdrawal amounts.

Withdrawal Limit Extension
 
 
Notice Date: February 13, 2003
Effective Date: March 13, 2003
Starting on March 12, 2003, International - Unverified members in the United Kingdom and Germany will be able to withdraw the equivalent of up to $2,000.00 USD per month to a bank account. International - Unverified members in Austria, Belgium, and Switzerland will be able to withdraw the equivalent of up to $500.00 USD per month to a bank account. The monthly withdrawal limit is removed once a member becomes International-Verified by successfully completing his PayPal Membership.

Bank Account Withdrawal for Austria, Belgium, and Switzerland
 
 
Notice Date: February 13, 2003
Effective Date: March 13, 2003
Starting on March 13, 2003, PayPal will enable more countries to withdraw funds to a bank account. Members from Austria, Belgium, and Switzerland will be able to add a bank account to their PayPal account to withdraw funds.

User Agreement Update
 
 
Notice Date: February 13, 2003
Effective Date: February 13, 2003
Clarified language in Buyer Complaint Policy. PayPal recommends using online-trackable shipping services when returning not-as-described goods to sellers, but, as before, PayPal does not cover not-as-described goods under the terms of the Buyer Complaint Policy.

User Agreement Update
 
 
Notice Date: February 11, 2003
Effective Date: February 11, 2003
Clarified language of Section 5.1- Credit Card Funding Payments to be consistent with Payments Policy. Updated Section 3 of the Seller Protection Policy and Section 6 of the Premier and Business Account Policy to contain links to the Payments Policy (the previous reference was to a section of the old User Agreement).

User Agreement Update
 
 
Notice Date: February 7, 2003 (updated March 13, 2003)
Effective Date: February 7, 2003
Updated User Agreement to:
Re-organize the information into a User Agreement that sets out the basic legal relationship between you and PayPal, and various Policies that set the rules for how the PayPal service works. This reorganization is intended to help you more easily understand your legal rights and obligations and to help you find answers to your questions on our various services more quickly.
Update our arbitration clause in order to clarify your dispute resolution alternatives in the event that you have a dispute that cannot be resolved through normal customer service channels.
All PayPal accounts signing up on or after February 7, 2003 will be bound by the new User Agreement immediately. PayPal accounts who signed up prior to February 7, 2003, will have 120 days after the date they next log in to their PayPal account to decide whether they agree to the new User Agreement. These accounts will continue to be governed by the old User Agreement until they agree to the new User Agreement, or until June 4, 2003, whichever comes first. To view the old User Agreement, click here.

If a customer does not agree to the new User Agreement within the 120-day period, PayPal will assume that the customer does not accept PayPal's User Agreement and prefers not to do business with PayPal. In such circumstances, after providing additional notice to the customer, PayPal will close the customer's account and pay out any existing balance under the terms of the old User Agreement.

User Agreement Update
 
 
Notice Date: January 16, 2003
Effective Date: January 16, 2003
Updated "Withdrawals - International" section of the User Agreement with new monthly withdrawal limits for International Members, listed below.

Monthly Withdrawal Limits for International Members
 
 
Notice Date: January 2, 2003
Effective Date: January 16, 2003
Starting on January 16, 2003, International-Unverified members from the following countries will be able to withdraw up to $500.00 USD per month from their PayPal account to their local bank account: United Kingdom, France, Germany, Australia, New Zealand, Denmark, Finland, Norway, Sweden, Netherlands, Spain, Mexico, Hong Kong, Singapore, and Japan. The $500.00 USD monthly withdrawal limit is removed once a member becomes International-Verified by successfully completing his PayPal Membership.

User Agreement Update
 
 
Notice Date: January 2, 2003
Effective Date: January 2, 2003
Updated "No Surcharges" section of the User Agreement to clarify surcharging rules for UK-based sellers and websites. Fixed typos in "Permission Levels" and the ATM/Debit Card "Other Terms and Conditions" sections.