[SEL] PayPal Australia... your thoughts

[peter ogborne]

Adam ....I would be very ,very wary, do you have to participate?
----- Original Message ----- 
From: "Adam Cottrill" <adamcottrill at bigpond.com>
To: <sel at lists.stationary-engine.com>
Sent: Monday, January 02, 2006 9:41 AM
Subject: [SEL] PayPal Australia... your thoughts


> Hi everyone,
>                   I got this from PayPal yesterday does anyone forsee any 
> "localised" issues? or is really just minnor name changes?
>
> thanks guys,
>                 Adam
>
>
> Dear Adam Cottrill,
>
> PayPal, Inc. is pleased to announce that we are preparing to introduce 
> PayPal Australia Pty. Limited ABN 93 11 195 389 ('PayPal Australia') a 
> PayPal group company incorporated in Australia, as the service provider 
> for PayPal customers in Australia.
>
> This is a positive development that will help us to provide our Australian 
> customers with improved localised services going forward.
>
> We anticipate that PayPal Australia will begin operating on 2 February 
> 2006.
>
> 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 Australia begins operating in February 2006, your customer 
> relationship continues to be with PayPal, Inc. (a US company), under the 
> PayPal User Agreement which is governed by Californian law.
>
>
> A new customer relationship
>
> With the introduction of our new Australian company, your customer 
> relationship will automatically be transferred to PayPal Australia which 
> we anticipate will occur on 2 February 2006. At that time we will 
> introduce minor consequential changes to the User Agreement and its 
> incorporated policies and the Privacy Policy, similar to the current 
> agreements and with no adverse amendments from our customers' perspective 
> but without US-specific references and modified to comply with Australian 
> financial services and consumer protection requirements.
>
> PayPal Australia will provide the PayPal service to you under an 
> intermediary authorisation agreement, pursuant to section 911A(2)(b) of 
> the Corporations Act 2001, with PayPal, Inc. which currently holds an 
> Australian financial services licence (No. 283443)
>
> If you do not wish to hold a PayPal Australia account and would prefer to 
> continue your relationship with PayPal, Inc., you may only do so if you 
> are a resident in the United States and your primary address in your 
> PayPal account, as of 2 February 2006, 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 Australia, 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.
>
> Once the transition from PayPal, Inc. to PayPal Australia occurs, we will 
> post updated versions of our User Agreement, policies and Privacy Policy 
> to our Web site. Should you have any questions about these upcoming prior 
> to 2 February 2006, please contact Customer Support by email or telephone 
> by logging in to your PayPal account.
>
> Yours sincerely,
>
> PayPal, Inc.
>
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