last updated on april 03, 2012.
last updated on april 03, 2012.
this paypal payments standard agreement for enhanced recurring payments ("agreement") is a contract between you (the "merchant") and paypal, inc., and applies to your use of the enhanced recurring payments services offered with paypal payments standard ("enhanced recurring payments services"). you must read, agree with and accept all of the terms and conditions contained in this agreement. by using the enhanced recurring payments services, you acknowledge that you have read and agreed to this agreement. this agreement applies in addition to the paypal user agreement and any other agreements to which you have entered into with paypal. we may amend this agreement at any time by posting a revised version on our website. the revised version will be effective at the time we post it. in addition, if the revised version includes a substantial change, we will provide you with 30 days' prior notice of substantial change by posting notice on the "policy updates" page of our website. all capitalized terms not defined herein are defined in the paypal user agreement.
the enhanced recurring payments services enable you to provide your customers with the ability to sign up for installment plans, automatic billing, and recurring payment arrangements. if you use automatic billing or recurring payments, you agree to comply with the terms and conditions of the user agreement that apply to such payments.
installment plans allow you to offer your customer the ability to make a purchase from you and pay you in 4 or fewer installments. if you use installment plans, you must follow these requirements:
with this functionality, you will be able to offer installment plans, automatic billing, and recurring payments to all of your customers, instead of only those customers paying you through their paypal account. if your customer’s credit or debit card expires then your customer's installment plan, automatic billing, and/or recurring payments will be suspended and your customer will need to sign up again using a new credit or debit card.
there is a monthly fee of $19.99 to use the enhanced recurring payments services.
you agree to allow paypal to charge your paypal account every month in advance for fees that become due under this agreement. in the event that paypal is unable to withdraw the monthly fee from your paypal account, paypal may terminate your use of paypal payments standard within 30 days of the date that the monthly fee was due and you will remain obligated to pay paypal for any unpaid amounts. all monthly fees are non-refundable.
if you have signed up for the enhanced recurring payments services pursuant to a promotional period or discounted amount, you agree to pay the monthly fee as stated in this agreement immediately upon the expiration of the promotional period or discounted amount offered by paypal.
you may terminate your use of enhanced recurring payments services at any time. in such event, your use of the enhanced recurring payments services will immediately end and you will not be refunded any remainder of the monthly fees that you have paid for the enhanced recurring payments services. paypal reserves the right to terminate this agreement if you breach the terms of this agreement, the user agreement or any other agreement into which you have entered with paypal. in the event that paypal terminates your use of the enhanced recurring payments services, you will not be refunded the remainder of the monthly fees that you have paid for the enhanced recurring payments services.