PayPal News.

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Secure Card Reader for PayPal (Known as VT Swipe). PayPal seems to have finally designed a credit card reader merchants can use to plug into their computers (via USB).  This easy-to-use card reader plugs directly into your computer’s USB drive, and provides maximum security for all your face-to-face transactions. Use it anywhere you have a computer, internet access, and your customer’s card in hand.  One quick swipe captures your customer’s name, card number, expiration date, and card type – they’re all posted automatically to your PayPal Virtual Terminal order form.

PayPal joins  Get Safe Online. Expert advice for everyone. Will help you protect yourself against internet threats. The site is sponsored by government and leading businesses working together to provide a free, public service.

The PayPal Credit Card (may bee slow to load)   NO RECOMMENDATIONS ARE GIVEN BY THIS SITE. Your HOME may be at risk if you do not keep up repayments on any loans or credit. PayPal have announce the launch a stand-alone UK credit card with leading finance provider, GE Money. The new credit card makes it easy to shop on the web and on the high street. The PayPal Mastercard carries no annual fee. The card also offers a free ID theft helpline and an internet fraud guarantee. Applicants also benefit from an instant decision. Credit Card customers will be able to use their cards to make payments through PayPal’s online money transfer services although customers’ card accounts will stand-alone and separate from users’ existing online PayPal electronic money accounts*.  For more information on the PayPal Credit Card vault

* Please note that when making purchases online using PayPal (with any registered Credit Card details, including the PayPal Credit Card), you are not protected by Section 75 of the Consumer Credit Act although you may be able to initiate a chargeback through the card issuer, qualify for protection under the PayPal Buyer Protection Policy or be able to invoke the PayPal Buyer Complaints Policy. The PayPal Credit Card is issued by GE Capital Bank Ltd trading as GE Money. Registered in England 1456283. Registered Office: 6 Agar Street, London, WC2N 4HR. The advertiser is PayPal (Europe) Ltd. Registered in England 4056498.

Yahoo Small Business now supports PayPal

PayPal go Moblie You can use your mobile phone to securely send money and make payments within the U.S. and Canada. To use PayPal mobile, you must activate your mobile phone. Activating your phone requires setting a secure mobile PIN and confirming phone ownership. Activate your phone now. You can send your payment either through text message to the PayPal mobile short code 729725 (PAYPAL) or by calling the automated voice system at 1-800-4PAYPAL. OUR WARNING MOBILE USE MY BE INSECURE.

Paypal Launches Local Service in Italy (Jan. 14, 2005)

PayPal (Europe) Ltd : PAYPAL LAUNCHES IN THE UK

Recent Press Releases


Buyers Can Checkout Without a PayPal Account

Easy Checkout: Buyers Don’t Need A PayPal Account

PayPal has made your customers’ shopping experience even easier than before.

With a recent improvement to Website Payments
  PayPal no longer requires new buyers to create a PayPal account when they send you payments.

Buyers who visit your website can pay for an item without signing up to PayPal. Once the payment is complete, they can decide whether to save their information and sign up to PayPal for future purchases. That makes the process smoother, resulting in more completed sales and more satisfied customers.

People are talking about this exciting feature. For more details on our improved checkout

The new checkout feature applies to Website Payments (Buy Now Buttons, Donations, PayPal Shopping Cart), and Request Money and Invoicing. The feature is available to UK Premier and Business accounts. To turn this feature on or off, go to your Profile and click the Website Payments Preferences link under the Selling Preferences column. It is not currently available for items purchased directly on eBay.co.uk


PayPal information: We are pleased to announce that eBay's acquisition of PayPal is complete. PayPal's shareholders approved the transaction on October 3, 2002, and PayPal and eBay are now working together on a common goal: to help our buyers and sellers trade online.


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:
  1. Both the buyer and the seller reside in the United Kingdom;
  2. The purchase price is paid in Pounds Sterling;
  3. The surcharge imposed by the seller is no greater than is necessary to recover the receiving fees incurred by the seller; and 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 sucharge 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 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 Verification 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.


Information supplied by PayPal (March 13, 2003) Acceptable Use Policy. (not allowed to sell a lot of items)

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 60-day grace period. As always, there will be no grace period for compliance with regard to any activity that is believed to be illegal.


Information supplied by PayPal (14 November 2002)

Instant Coming Soon: Accept Multiple Currencies for PayPal Website Payments

Many website sellers have requested the ability to accept payments in currencies other than U.S. Dollars (USD). As a result, in mid-November PayPal will be extending multiple currency support to support for four additional currencies: Canadian Dollars (C$), Euros (€), Pounds Sterling (£), and Japanese Yen (¥).

 To create a new payment button in your desired currency, choose one of the five supported currencies from the "Currencies" drop-down menu in the PayPal Button Factory.

To convert an existing payment button, just add one line of HTML code to the payment button to indicate the currency of the payment. For example, if your currency of choice is Euros, the currency_code line below should be added to the button's HTML code:

<input type="hidden" name="currency_code" value="EUR">

Use the following "currency_code" values to specify the currency of your payment:
"CAD" Canadian Dollar (C$)            "EUR" Euro (€)
"GBP" Pounds Sterling (£)                "JPY" Japanese Yen (¥)
"USD" US Dollar ($)

Note: If you only accept U.S. Dollar ($) payments, you do not need to update your payment buttons. If the currency_code for a payment button is omitted, the default currency will be U.S. Dollars.

Additional information will be available after we launch this feature.



Information supplied by PayPal

Instant Starting on October 9, to increase the ease of conducting international transactions, PayPal will begin to support transactions in multiple currencies. The initial roll-out of Multiple Currencies will give PayPal account holders the option of sending and receiving their payments in Pounds Sterling or Euros, as well as U.S. Dollars.

When the Multiple Currencies feature is launched, sellers will be able to choose the currencies in which they would like to conduct business by setting up their Payment Receiving Preferences. Sellers will continue to transact only in U.S. Dollars unless they elect to accept Euro and/or Pound Sterling payments.

Sellers who choose to receive payments in multiple currencies will have the option of maintaining separate balances for each currency in their PayPal account, or automatically converting all payments they receive into a single currency.


Instant Payment Notification (IPN) product.  Changes

A message from Paypal:-

We wanted to notify you about upcoming modifications to our Instant Payment Notification (IPN) product. You received this email because you have previously used this product.

On July 9, 2002, we will be adding three additional variables to IPN ("mc_gross," "mc_fee," and "mc_currency."). These variables are in preparation for enhancements to denote currency to our international merchants.

Additional information about these variables and their use will be relayed in the future. Until then, these variables should be
ignored.

Please ensure that your IPN integration is set up to allow additional variables to be added to the notifications. For more information about IPN, please visit the IPN Solutions area

More at https://www.paypal.com/ipn/


Instant Payment Notification (IPN) product. Changes

A message from Paypal:-

On July 9, 2002, we will be adding one additional variable to IPN ("payer_id"). This variable will allow you to identify users independent of their primary email address.

Please ensure that your IPN integration is set up to allow additional variables to be added to the notifications. For more information about IPN, please visit the IPN Solutions area

More at https://www.paypal.com/ipn/


Instant Payment Notification (IPN) product.   Changes MultipleCurrencies

A message from Paypal:-

On October 9, 2002, you will have the option to receive payments in Euros and Pounds Sterling in addition to U.S. Dollars. The MultipleCurrencies feature will initially be available through the Send Money and Request Money tabs on the PayPal website but not in the Web Accept suite of products, which includes all PayPal payment buttons for Instant Purchase, Single Item Purchase, PayPal ShoppingCart, and PayPal Subscriptions. We plan to extend MultipleCurrencies to Web Accept products by the end of November.

If you only accept Web Accept payments, no changes are required atthis time.  If you accept payments through the Send Money and Request Money tabs on the PayPal website, and if you elect to receive payment in Pounds Sterling or Euro (through your Payment Receiving Preferences in your Profile), please note the following.

For Send Money payments in Euros or Pounds, IPN variables will be modified in these ways:

Existing IPN variables payment_gross = No value if payment EUR or GBP.  Amount of payment if USD.
payment_fee = No value if payment EUR or GBP. Amount of payment if USD.
mc_gross = Amount of payment, regardless of currency.
mc_fee = Fee of payment, regardless of currency.
mc_currency = Currency of payment (USD, EUR, GBP)
New IPN variables (only appear if payment is converted)
settle_amount = Amount settled into your account's primary balance,if you choose to convert the payment to the currency of your primary balance.
settle_currency = Currency of settle_amount.
exchange_rate = Exchange rate used for settle_amount conversion.

For more information about these variables and how they will function, please visit the IPN Solutions area at https://www.paypal.com/ipn/.

If you are a developer, we invite you to visit the PayPal Developer Network area at https://www.paypal.com/pdn/.


Other reviews of PayPal.  Support PayPal users by supplying links to code or links to you site with details of PayPal support.

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Scams and hoaxes. Fraud warnings. Virus Attacks

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PREMIER PAYMENT SYSTEMS is a provider of real-time or batch credit card processing solutions and electronic payment services for both small and large businesses. Premier Payment Systems offers a comprehensive array of services that enable businesses to begin processing Visa, Master Card, American Express (Amex) and Discover immediately. With 100,000 new businesses being created each month in the US alone, the need for new merchant service accounts is huge. Chase Manhattan Bank is the merchant account provider, ensuring quality merchant account service.

BOSS Links. Business Online Support Service, tax, grants, business news headlines, etc.

PREMIER PAYMENT SYSTEMS is a provider of real-time or batch credit card processing solutions and electronic payment services for both small and large businesses. Premier Payment Systems offers a comprehensive array of services that enable businesses to begin processing Visa, Master Card, American Express (Amex) and Discover immediately. With 100,000 new businesses being created each month in the US alone, the need for new merchant service accounts is huge. Chase Manhattan Bank is the merchant account provider, ensuring quality merchant account service.

BOSS Links. Business Online Support Service, tax, grants, business news headlines, etc.

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