posted on August 1, 2001 10:19:24 AM new
Here's another interesting nugget from PayPal's current TOU:
Close Account. You may close your account at any time, provided all applicable fees for services and account management have been paid in full. Upon closure of an account, any monies remaining in the account, less any applicable fees, will be immediately and automatically paid in full, assuming all withdrawal related authentication requirements have been fulfilled. You will remain liable for all obligations related to the account even after such account is closed.
Okay- so you want to close your account...
You may close your account at any time, provided all applicable fees for services and account management have been paid in full.
This would appear to be saying that you can actually close your PayPal account if you have paid all the fees due. Sounds good, but wait... there's more:
You will remain liable for all obligations related to the account even after such account is closed.
One would think that if one had closed their account, that would be it- after all, they specifically state that one cannot close the account unless all fees have been paid in full, but no... you remain liable for all obligations related to the account even after such account is closed.
You can't close your account unless you have settled all obligations, but once you have done so, and the account is closed, you are still responsible for the account?
Catch-22 anyone?
edited to add...
Definition of "closed account" in PayPalspeak:
Any account which the user cannot access in any way that PayPal will utilize in order to obtain money when deemed necessary, solely at PayPal's discretion- authorization by or notification of the user is not required.
[ edited by mrpotatoheadd on Aug 1, 2001 10:31 AM ]
