PayPal is by far the most popular international merchant service. The newest update of their policies is carried out through the end of last year, 2008, and a lot of provisions are effective ever since. Some of the key points include:
- You may not use PayPal service for prohibited activities involving gambling, gaming and/or any other activity with an entry fee and a prize such as casino games, sports betting, horse or greyhound racing, lottery tickets. You get the idea. However, there might be some who can use PayPal service in such activities because they have the prior approval by PayPal.
- More countries including Italy, Ireland, Belgium, Austria, Denmark, Greece, Portugal, Poland, Finland, Hungary, Czech Republic, Luxembourg, Singapore, Hong Kong and Mexico are listed so that users from these countries now can add funds to their PayPal account via bank transfer, with the same name of the bank account as that of the PayPal account. (Topping Up)
- With those who use PayPal on eBay listings as a checkout are obligated to: 1) unconditionally accept PayPal payments if the customer chooses to pay via PayPal, 2) accept all payments methods customers choose that PayPal can handle, 3) must have a premier account or business account, 4) must not charge the seller additional fees for paying via PayPal.
Above are just my personal interpretation of this update and doesnâ€™t constitute any formal advice. For precise update description and official texts please log into your paypal account and click to the statements via Whatâ€™s new.