Expat Community > Costa Rica

scalnew
Joined 2013
Posts: 224

Serious Changes for Paypal/Xoom users

4 years ago

I've been sent this message to my email about some serious new changes in Paypal user agreements:

"AMENDMENTS TO CERTAIN U.S. PAYPAL AGREEMENTS

We are updating certain PayPal agreements (listed below) that apply to U.S. customers. The changes described below will go into effect on November 12, 2020, or as otherwise set forth herein, and include changes that affect how claims you and PayPal have against each other under the Xoom Account User Agreement are resolved. If you would like to opt-out of the newly included Agreement to Arbitrate, please read below. Otherwise, there is no action needed from you, as the changes will occur automatically on the applicable effective dates. In the event you would prefer to decline the changes and close your account, you can do so prior to the applicable effective dates and the changes will not apply to you.

Amendments to the Paypal/Xoom Account User Agreement

We are adding that, with limited exception, you will be required to submit claims you have against PayPal in connection to the Xoom Service to binding and final arbitration, unless you opt out (close your account) of the Agreement to Arbitrate, which can be found in Part E, Section 10 by December 13, 2020. Unless you opt out: (1) you will only be permitted to pursue claims against PayPal on an individual basis, not as a plaintiff or class member in any class or representative action or proceeding and (2) you will only be permitted to seek relief (including monetary, injunctive, and declaratory relief) on an individual basis.
We are clarifying where Xoom will provide legally required advanced notice of any Transaction Fee changes.
We are clarifying that you may lose your transfer amount if you if you provide incorrect recipient account details."
Users beware!
Paypal is not responding to my many attempts to contact them by email, phone or website platform.

SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

Living in Costa Rica Guide

Our Living in Costa Rica Guide is a primer on everything about living in Costa Rica: best places to live, cost of living, pros and cons, healthcare and insurance, and more.

Costa Rica Forum
Join our Costa Rica forum to meet other expats and talk about living in Costa Rica.

Contribute
Help other expats and newcomers by answering questions about the challenges and adventures of living in Costa Rica.

Best Places to Live in Costa Rica

If you're dreaming about living in Costa Rica, here are the 15 Best Places to Live in Costa Rica in 2023.

Healthcare in Costa Rica

Costa Rica has both public and private healthcare systems. When you become a resident, you must enroll in the public healthcare system (CAJA). Many expats use the public system for routine healthcare and have private expat health insurance for specialists, surgeries and emergencies.

Cost of Living in Costa Rica

If you're moving to Costa Rica, you'll want to understand the cost of living in Costa Rica. Lifestyle, location and health insurance are part of the formula.

Moving to Costa Rica Guide

Moving to Costa Rica has become more popular among expats. Making this choice requires a lot of research to ensure the expat experience you hope for will be realized.

Real Estate in Costa Rica

Real estate listings in popular cities and towns in Costa Rica.

Pros & Cons of Living in Costa Rica

Take off your rose-colored glasses and learn what expats have to say about the biggest challenges and the greatest rewards of living in Costa Rica.

Retiring in Costa Rica

Advice for people retiring in Costa Rica.

Costa Rica Visa & Residency Guide

Applying for residency in Costa Rica can be a daunting process. Which type of residency is right for me? Do I need an attorney? Do I have to leave the country every 90 days? What is a cedula? This article answers these and many other questions.

10 Tips for Living in Costa Rica

If you've recently arrived in Costa Rica, here are 10 tips for digital nomads living in Costa Rica.

Additional Information:

Visit our Costa Rica Index for a Full List

SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More

Contribute
Help others in Costa Rica by answering questions about the challenges and adventures of living in Costa Rica.

Login

Or, Send Login Link

Expat Community > Costa Rica

Serious Changes for Paypal/Xoom users

Login