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Postal Payment Services Agreement

As a result, the current international treaty will be significantly improved. The document clearly defines, among other things, up-and-coming postal payment services, taking into account the principles of technological neutrality (which enables network and system connectivity), data privacy, anti-money laundering, security of processing and transmission of payment orders, consumer protection and reliability of payments between operators. It is up to the UPU to help establish a global electronic postal payment network. This is done in the form of an international treaty, known as the Postal Services Agreement and its regulations, and by the software of the International Financial System (IFS) of the Postal Technology Centre. In addition to the above, if you have an amount due to us or one of our related companies under another agreement, PayPal Acquirer may order the deduction of the amounts owed from your payments. This includes the amounts due by your use of our various products and services that may include PayPal, Venmo and Hyperwallet. The provision of basic postal services contributes significantly to global economic and social development and plays an important role in improving living standards. At the end or expiry of this agreement, PayPal agrees, at the merchant`s written request, to make available to the merchant`s new acquiring bank or payment service provider (“data recipient”) all available credit card information, including personal data relating to the merchant`s customers (“card information”). To do so, the distributor must provide PayPal all requested information, including proof that the data recipient complies with the network`s DSS requirements and is compliant with the I PCI. PayPal undertakes to: transmit the card information to the recipient as long as the following information is accurate: (a) the merchant PayPal provide proof that the recipient meets the network requirements (level 1 pci-DSS) by providing PayPal a certificate or report on compliance with the pcI-DSs network requirements from a qualified provider and any other information reasonably requested by PayPal; b) the transfer of this information complies with the most recent version of the network`s PCI-DSS requirements; and (c) the transfer of this information is authorized by the rules of the current network and by all applicable laws, rules or regulations (including data protection laws). The trader pays PayPal free of (i) sales, uses, excise duties, imports or exports, VAT or similar taxes or taxes, as well as other taxes or taxes that are not based on income PayPal, and (ii) all authorization taxes, customs duties and similar taxes that may be incurred PayPal in relation to this agreement. These taxes, royalties and taxes paid by the merchant are not considered to be part of, deducting or compensating payments due because PayPal of this sub-activity. PayPal ensures that its employees responsible for processing customer data are informed of the confidentiality of customer data, that they have received adequate training on their responsibilities, and that they have entered into written confidentiality agreements.

T These confidentiality obligations apply to the termination of the employment of the staff concerned. PayPal undertakes from time to time to train its staff in the obligations PayPal in this addendum, so that PayPal staff will know and fulfill these obligations. Access by PayPal staff to customer data is limited to staff who provide payment services in accordance with the agreement. 2.1.4 Contracting Parties recognize and accept that the payment services provided by PayPal are of valuable financial or other consideration, not in exchange for you who provide personal data related to payment processing services. Traders undertake to PayPal of its parent company, related companies, senior executives, directors, representatives, employees and suppliers, employees and suppliers of and against any lawsuit, liability, loss, penalty or other


Deepak Kamboj

Deepak Kamboj is a Solution Architect and Technology Enthusiast, located at Redmond, WA, having 14+ years of hands on experience in the IT industry.

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