Updates to the Vendor Payouts Terms and Conditions

We are making the following changes to the Vendor Payouts Terms and Conditions:

• We newly inserted the “Management of Linked Offshore Accounts” section, for you to create or add one or more Linked Offshore Accounts as the funding sources for the Vendor Payouts service via the PayPal Platform.
• We amended the “Activation of the Service” section to include the requirement for owners of the Linked Offshore Accounts to give Debit Authorisation to PayPal Pte. Ltd. and/or PayPal Hong Kong Limited.
• We updated the language of the Vendor Payouts Terms and Conditions to remove duplicative language and improve clarity.

To review the updated Vendor Payouts Terms and Conditions, please click Here.