important – please read carefully
terms and conditions/definitions for the paypal business debit mastercard
this paypal business debit mastercard cardholder agreement ("agreement") outlines the terms and conditions between you, the cardholder, and the bancorp bank, wilmington, delaware, an fdic insured member institution, and applies to your use of the paypal business debit mastercard issued by the bancorp bank. this agreement supplements, but does not replace, the paypal user agreement and other applicable agreements between you and paypal.
"debit card" or “card” means the paypal business debit mastercard issued to you by the bancorp bank. “issuer” means the bancorp bank. “you” and “your” means the person or persons who have received the debit card and are authorized to use the debit card as provided for in this agreement. “we,” “us,” and “our” mean the issuer, our successors, affiliates, assignees and our third-party service providers. paypal, inc. (“paypal”) is the entity sponsoring and managing the debit card program. “paypal account” means your account in which you hold or store value and from which you access for use via the debit card and is the record we maintain to account for the value of claims associated with the debit card. any references to “days” found in this agreement are calendar days unless indicated otherwise. all capitalized terms shall have the definitions provided in this agreement. by accepting and using the paypal business debit mastercard, you agree to comply with all the terms and conditions in this agreement, so please read it carefully.
the expiration date of the debit card is identified on the back of your debit card. the funds in the paypal account will not expire, regardless of the expiration date on the back of the debit card. if the signature panel is present on the back of the debit card, you agree to sign it immediately upon receipt. the debit card will remain the property of the issuer and must be surrendered upon demand. the debit card is not a credit card and is not for resale. you will not receive any interest on your funds in the paypal account. the debit card is nontransferable and it may be canceled, repossessed, or revoked at any time without prior notice subject to applicable law. you acknowledge and agree that the funds available to spend through use of the card is limited to the available funds in your paypal account or your linked bank account, as applicable. we may refuse to process any transaction that we believe may violate the terms of this agreement, the paypal user agreement or other agreements between you and paypal that apply to your use of paypal. we may also reject applications for debit cards at our sole discretion.
you agree that the debit card will be used for business purposes only and not for any personal, family or household purposes.
our business days are monday through friday, excluding federal holidays, even if we are open. any references to “days” found in this agreement are calendar days unless indicated otherwise.
write down the customer service phone number provided in this agreement on a separate piece of paper in case your debit card is lost, stolen, or destroyed. please read this agreement carefully and keep it for future reference.
this agreement is subject to arbitration pursuant to the federal arbitration act. see section 24 (arbitration) below.
the preceding information and documentation and results of any verification procedures will be shared by issuer with paypal, and may also be used per their respective privacy policies (including the paypal privacy policy which shall be referred to collectively as the “program privacy policies”). by agreeing to this agreement, you will be acknowledging and agreeing to the program privacy policies.
if you falsify, misrepresent, or fail to provide requested information, we and/or paypal may refuse to approve your request for the debit card, cancel any of your previously issued card(s) and/or restrict and/or close your paypal account.
atm domestic withdrawal* fee | $1.50 per atm withdrawal within us (plus any amounts charged by the atm owner.) |
teller assisted withdrawal fee | $3.00 per signature withdrawal if a signature is required to obtain cash. |
atm international withdrawal* fee | $1.50 per withdrawal from a non-us atm. this fee will apply even if the transaction does not require a currency conversion. |
foreign transaction fee | 1% of the purchase amount from a non-us merchant or 1% of the withdrawal amount at a non-us atm. this fee will apply even if the transaction does not require a currency conversion. |
*if you use an atm for any transaction, including a balance inquiry, you may be charged a fee by the atm owner even if you do not complete a withdrawal. this atm fee is a third-party fee amount assessed by the individual atm operator only and is not assessed by us. this atm fee amount will be charged to your paypal account.
also, if you become aware of and/or your statement shows transactions you did not make, notify paypal at once following the procedures stated in section 20 (information about your right to dispute transactions).
your name and the 16-digit debit card number.
a description of the transaction(s) including the date and dollar amount.
why you believe there is a discrepancy.
if you provide this information orally, paypal may require that you send the details listed above in writing within sixty (60) calendar days after we posted the transaction(s) you are questioning. you agree to cooperate fully with our investigation and to provide any additional information or documentation we may need for the claim.
once we have the required details, information, and/or documents, we will determine whether a discrepancy occurred. our investigation may take up to one hundred and twenty (120) days from the transaction settlement date. if we ask you to put details in writing and you do not provide them within sixty (60) calendar days of the date we posted the transaction(s) you are questioning, we may not be able to resolve the claim in your favor.
we will tell you the results in writing after completing our investigation. if we determine a discrepancy occurred we will correct the discrepancy promptly and credit the paypal account. if we decide there was no discrepancy, we will send you a written explanation. if you need more information about paypal’s error resolution procedures, call us during the hours listed below in the customer service section.
:
no class action, or other representative action or private attorney general action or joinder or consolidation of any claim with a claim of another person or class of claimants shall be allowable.
you and paypal agree that each of us may bring claims against the other only on an individual basis and not as a plaintiff or class member in any purported class or representative action or proceeding. unless both you and paypal agree otherwise, the arbitrator(s) may not consolidate or join more than one person’s or party’s claims and may not otherwise preside over any form of a consolidated, representative or class proceeding. also, the arbitrator(s) may award relief (including monetary, injunctive and declaratory relief) only in favor of the individual party seeking relief and only to the extent necessary to provide relief necessitated by that party’s individual claim(s). any relief awarded cannot affect other paypal customers.
with the exception of any of the provisions in the prohibition of class and representative actions and non-individualized relief section above, if a court decides that any part of this arbitration provision is invalid or unenforceable, the other parts of this arbitration provision shall still apply. if a court decides that any of the provisions in the prohibition of class and representative actions and non-individualized relief section above is invalid or unenforceable because it would prevent the exercise of a non-waivable right to pursue public injunctive relief, then any dispute regarding the entitlement to such relief (and only that relief) must be severed from arbitration and may be litigated in court. all other disputes subject to arbitration under the terms of this arbitration provision shall be arbitrated under its terms.
this arbitration provision shall survive: i) the termination of the agreement; ii) the bankruptcy of any party; iii) any transfer, sale or assignment of your debit card, or any amounts owed on your debit card, to any other person or entity; or iv) expiration of the debit card. if any portion of this arbitration provision is deemed invalid or unenforceable, the remaining portions shall remain in force.
if you do not agree to the terms of this arbitration agreement, do not activate or use the debit card, or if it has already been activated, cancel it. call 866-888-6080 to cancel the debit card and to request a refund, if applicable.
the debit card is issued by the bancorp bank; member fdic, pursuant to license by mastercard international incorporated. mastercard is a registered trademark, and the circles design is a trademark of mastercard international incorporated.
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important – please read carefully
terms and conditions/definitions for the paypal business debit mastercard
this paypal business debit mastercard cardholder agreement ("agreement") outlines the terms and conditions between you, the cardholder, and the bancorp bank, wilmington, delaware, an fdic insured member institution, and applies to your use of the paypal business debit mastercard issued by the bancorp bank. this agreement supplements, but does not replace, the paypal user agreement and other applicable agreements between you and paypal.
"debit card" or “card” means the paypal business debit mastercard issued to you by the bancorp bank. “issuer” means the bancorp bank. “you” and “your” means the person or persons who have received the debit card and are authorized to use the debit card as provided for in this agreement. “we,” “us,” and “our” mean the issuer, our successors, affiliates, assignees and our third-party service providers. paypal, inc. (“paypal”) is the entity sponsoring and managing the debit card program. “paypal account” means your account in which you hold or store value and from which you access for use via the debit card and is the record we maintain to account for the value of claims associated with the debit card. any references to “days” found in this agreement are calendar days unless indicated otherwise. all capitalized terms shall have the definitions provided in this agreement. by accepting and using the paypal business debit mastercard, you agree to comply with all the terms and conditions in this agreement, so please read it carefully.
the expiration date of the debit card is identified on the back of your debit card. the funds in the paypal account will not expire, regardless of the expiration date on the back of the debit card. if the signature panel is present on the back of the debit card, you agree to sign it immediately upon receipt. the debit card will remain the property of the issuer and must be surrendered upon demand. the debit card is not a credit card and is not for resale. you will not receive any interest on your funds in the paypal account. the debit card is nontransferable and it may be canceled, repossessed, or revoked at any time without prior notice subject to applicable law. you acknowledge and agree that the funds available to spend through use of the card is limited to the available funds in your paypal account or your linked bank account, as applicable. we may refuse to process any transaction that we believe may violate the terms of this agreement, the paypal user agreement or other agreements between you and paypal that apply to your use of paypal. we may also reject applications for debit cards at our sole discretion.
you agree that the debit card will be used for business purposes only and not for any personal, family or household purposes.
our business days are monday through friday, excluding federal holidays, even if we are open. any references to “days” found in this agreement are calendar days unless indicated otherwise.
write down the customer service phone number provided in this agreement on a separate piece of paper in case your debit card is lost, stolen, or destroyed. please read this agreement carefully and keep it for future reference.
this agreement is subject to arbitration pursuant to the federal arbitration act. see section 24 (arbitration) below.
the preceding information and documentation and results of any verification procedures will be shared by issuer with paypal, and may also be used per their respective privacy policies (including the paypal privacy policy which shall be referred to collectively as the “program privacy policies”). by agreeing to this agreement, you will be acknowledging and agreeing to the program privacy policies.
if you falsify, misrepresent, or fail to provide requested information, we and/or paypal may refuse to approve your request for the debit card, cancel any of your previously issued card(s) and/or restrict and/or close your paypal account.
atm domestic withdrawal* fee | $1.50 per atm withdrawal within us (plus any amounts charged by the atm owner.) |
teller assisted withdrawal fee | $3.00 per signature withdrawal if a signature is required to obtain cash. |
atm international withdrawal* fee | $1.50 per withdrawal from a non-us atm. this fee will apply even if the transaction does not require a currency conversion. |
foreign transaction fee | 1% of the purchase amount from a non-us merchant or 1% of the withdrawal amount at a non-us atm. this fee will apply even if the transaction does not require a currency conversion. |
*if you use an atm for any transaction, including a balance inquiry, you may be charged a fee by the atm owner even if you do not complete a withdrawal. this atm fee is a third-party fee amount assessed by the individual atm operator only and is not assessed by us. this atm fee amount will be charged to your paypal account.
also, if you become aware of and/or your statement shows transactions you did not make, notify paypal at once following the procedures stated in section 20 (information about your right to dispute transactions).
your name and the 16-digit debit card number.
a description of the transaction(s) including the date and dollar amount.
why you believe there is a discrepancy.
if you provide this information orally, paypal may require that you send the details listed above in writing within sixty (60) calendar days after we posted the transaction(s) you are questioning. you agree to cooperate fully with our investigation and to provide any additional information or documentation we may need for the claim.
once we have the required details, information, and/or documents, we will determine whether a discrepancy occurred. our investigation may take up to one hundred and twenty (120) days from the transaction settlement date. if we ask you to put details in writing and you do not provide them within sixty (60) calendar days of the date we posted the transaction(s) you are questioning, we may not be able to resolve the claim in your favor.
we will tell you the results in writing after completing our investigation. if we determine a discrepancy occurred we will correct the discrepancy promptly and credit the paypal account. if we decide there was no discrepancy, we will send you a written explanation. if you need more information about paypal’s error resolution procedures, call us during the hours listed below in the customer service section.
:
no class action, or other representative action or private attorney general action or joinder or consolidation of any claim with a claim of another person or class of claimants shall be allowable.
you and paypal agree that each of us may bring claims against the other only on an individual basis and not as a plaintiff or class member in any purported class or representative action or proceeding. unless both you and paypal agree otherwise, the arbitrator(s) may not consolidate or join more than one person’s or party’s claims and may not otherwise preside over any form of a consolidated, representative or class proceeding. also, the arbitrator(s) may award relief (including monetary, injunctive and declaratory relief) only in favor of the individual party seeking relief and only to the extent necessary to provide relief necessitated by that party’s individual claim(s). any relief awarded cannot affect other paypal customers.
with the exception of any of the provisions in the prohibition of class and representative actions and non-individualized relief section above, if a court decides that any part of this arbitration provision is invalid or unenforceable, the other parts of this arbitration provision shall still apply. if a court decides that any of the provisions in the prohibition of class and representative actions and non-individualized relief section above is invalid or unenforceable because it would prevent the exercise of a non-waivable right to pursue public injunctive relief, then any dispute regarding the entitlement to such relief (and only that relief) must be severed from arbitration and may be litigated in court. all other disputes subject to arbitration under the terms of this arbitration provision shall be arbitrated under its terms.
this arbitration provision shall survive: i) the termination of the agreement; ii) the bankruptcy of any party; iii) any transfer, sale or assignment of your debit card, or any amounts owed on your debit card, to any other person or entity; or iv) expiration of the debit card. if any portion of this arbitration provision is deemed invalid or unenforceable, the remaining portions shall remain in force.
if you do not agree to the terms of this arbitration agreement, do not activate or use the debit card, or if it has already been activated, cancel it. call 866-888-6080 to cancel the debit card and to request a refund, if applicable.
the debit card is issued by the bancorp bank; member fdic, pursuant to license by mastercard international incorporated. mastercard is a registered trademark, and the circles design is a trademark of mastercard international incorporated.