New Visa, Mastercard Requirements For PayPal Merchants

Last Updated on Tuesday, 20 July 2010 03:00 Written by a2e Tuesday, 20 July 2010 03:00

All ecommerce sellers who accept PayPal will need to accept the new Commercial Entity Agreement by October 1, 2010 in order to continue receiving Visa and Mastercard funded payments.

Accepting this new Commercial Entity Agreement actually means that you are agreeing to accept each of the different commercial agreements for several banks.

Commercial Entity Agreement with JP Morgan Chase

Commercial Entity Agreement with HSBC

Commercial Entity Agreement with Wells Fargo

Commercial Entity Agreement with Wells Fargo – Pro

Commercial Entity Agreement with National Westminster Bank

Most of the Commercial Entity Agreements are very similiar but there are some differences. While the agreements are obviously very complex, I have tried to boil them down into a short list of 5 Do’s and Don’ts that encompasses the highlights of various agreements.

1. WHO can and should give and get information?

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