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Hi,
FYI.
I think that might be interesting for European people who want to make
donations.
Regards,
Yann
Subject: Information Regarding Anticipated Future European Operations
Date: Tuesday 13 January 2004 03:22
From: "PayPal Inc." <announcements-account(a)paypal.com>
To: "Yann Forget" <yann(a)forget-me.net>
Dear Yann Forget,
We would like to update you on our preparations for the anticipated future
launch of PayPal (Europe) Ltd., a UK company, as the service provider for
PayPal customers in the European Union.
This is a positive development that would help us provide our European
customers with improved services to satisfy local needs, both online and
through our new European Customer Service Centre in Dublin.
We anticipate that PayPal (Europe) Ltd. will begin operating in February
2004, subject to receiving authorisation from the Financial Services
Authority (FSA) in the UK. Please note, no action will be necessary on your
part. You will be able to continue using your PayPal account as you do
today.
Your existing relationship
Until PayPal (Europe) Ltd. starts operating, your customer relationship
continues to be with PayPal, Inc., a US company regulated as a money
transmitter by various states in the US, under the PayPal User Agreement
governed by California law.
In June 2003, we applied to the UK's Financial Services Authority (FSA) for
authorisation for PayPal (Europe) Ltd. to operate as an Electronic Money
Institution (ELMI) in the European Union. This process is still in progress.
A new customer relationship
With the introduction of our new UK company, your customer relationship would
automatically reside with PayPal (Europe) Ltd. instead of PayPal, Inc. We
would also introduce a new User Agreement and Privacy Policy, similar to the
current agreements but without US-specific references and modified to comply
with UK financial services and consumer protection requirements.
While this transition is at least 30 days away, we encourage you to:
understand your rights and obligations. Please preview the PayPal (Europe)
Ltd. User Agreement and Privacy Policy
learn about the key changes and how they may affect you. Please visit the
PayPal (Europe) Ltd. FAQs page as well as the Policy Updates section for
more details.
If you do not wish to hold a PayPal (Europe) Ltd. account and would prefer to
continue your relationship with PayPal, Inc., you may only do so if your
primary address in your PayPal account, as of 1 February 2004, is a
legitimate postal address within the United States.
If your primary address is not in the United States and you do not wish to
receive services from PayPal (Europe) Ltd., you may close your account at
any time, either before or after the transition. To do so, log in to your
PayPal account and click 'Profile' to access the relevant link.
As we await authorisation from the FSA, we wish to inform you in advance of
our plans and how these may affect you. We will notify you of further
developments in the coming weeks. Until then, thank you for using PayPal.
Yours sincerely,
PayPal, Inc.
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