You need to resolve any issues with your account before a restriction can be lifted. Normally, this happens after you have provided the information we have requested. However, if we reasonably believe that there is still a risk after the information on our part, we can take steps to protect ourselves, our users, a third party or you from cancellations, fees, fines, penalties, legal and/or regulatory risks and other liabilities. The grey area of how Venmo implements its user agreement comes at a time when the company is changing radically. In September, the company announced that retailers such as Williams-Sonoma would accept payment for purchases. In June, the company announced a beta test of a debit card. If you are a seller in a marketplace or via a third-party application where PayPal is offered, a payment that has been sent to you on instruction from the marketplace or a third party may be placed in a stop point. This happens once you have given us permission to keep your money and will comply with your agreement with the third party. These holds are displayed in your PayPal account. If you have questions about why the market place or a third party ordered PayPal to place these Holds, you should go directly to the market place or to third parties.
The Venmo Debit card is issued by Bancorp Bank and your use is subject to the agreement of Bancorp Bank, as well as the agreement of the First Chamber Court. Please refer to the Venmo Mastercard deposit agreement for the terms and conditions applicable to the Debit Venmo card. In case of contradictions between this agreement and the Venmo Mastercard cardholder agreement, the Venmo Mastercard Cardholder Agreement regulates your use of the Debit Venmo card and your relationship with bancorp in the magnitude of such a conflict. Harassing and/or threatening our employees, agents or other users. If you have not defined a preferred payment method for an automatic payment contract or if your preferred payment method for an automatic payment contract is not available (z.B. because it has expired or does not have sufficient resources, the payment method used is used in the following order, if any: 1. cash account (if one of them is linked to your personal account PayPal) or credits in your PayPal commercial account (if we have been able to verify the necessary credentials you provide us); 2. bank account; 3.
PayPal co-brand debit card; 4. PayPal credit card co-branding; 5. Debit card; 6. credit card; and 7 e-check. It is also the order of payment methods used when a previously selected payment method, which must be used in a seller`s contract, is not available. [5] See Gillette, supra note 2. See also Alison Griswold, Venmo Scammers Know Something You Don`t, Slate (September 15, 2015, 9:32 p.m.), www.slate.com/articles/business/moneybox/2015/09/venmo_scam_and_fraud_why_it_s_easy_to_get_ripped_off_through_the_mobile.html. Our liability to you or a third party is limited, in all circumstances, to the actual amount of direct damage. In addition, PayPal is not liable, to the extent that this is authorized by current legislation, and you accept: PayPal liability for damages or losses (including, but not limited, loss of money, value, profits or other intangible losses or other intangible or indirect damage) directly or indirectly from: (1) your use or inability to create our websites, software, systems (including all networks and servers used to provide any of Venmo`s services) operated by us or on our behalf or by any of Venmo`s services; (2) Delays or interruptions of our websites, software, systems (including all networks and servers used to provide De Venmo services) operated by us or on our behalf and one of Venmo`s services; (3) virus or any other malware that is used by access to our websites, software, systems (including all networks and servers used for the provision of Venmo services) that we or on our behalf or any of Venmo`s services, or a website or service using our websites, software or any of the
