Paypal policy changes

[coxengines]

Does anyone know what this is all about?

Bernie

“5. Restricted Industry Sectors For American Express Transactions.

a.You may not accept American Express transactions if you or any part of your business operates in the following industry sectors:

i.Branded airline and lodging;
ii.Passenger railways (US only);
iii.Steamship and cruise lines;
iv.Airlines and air carriers not classified elsewhere;
v.Travel agencies and tour operators;
vi.Package tour operators;
vii.Lodging – hotels, motels, resorts, central reservation services not classified elsewhere;
viii.Timeshares;
ix.Automobile rental agency; and
x.Telecommunications (select providers).
If you or any part of your business operate in one of these sectors and you would like to accept American Express transactions, please contact American Express directly as follows:

[surplusdealdude]

That's weird.

Sounds like Paypal and AMEX are having a tiff. -------------------------------------------------------------------

It is our similarities that make us all human - it is our differences that make us all interesting

[coxengines]

Or,

Amex is quietly phasing out their interest in these high-risk categories.

Bernie

[surplusdealdude]

I would think that's going to be difficult, since they built their business on that.

That's like GM phasing out cars - oh, wait, they seem to be doing that, don't they. -------------------------------------------------------------------

It is our similarities that make us all human - it is our differences that make us all interesting

[pierrelebel]

Guys I think you are looking at the information out of context.

"Beginning October 28, 2009 PayPal Website Payments Pro and Virtual Terminal Agreement user agreement is being amended as follows:"

Basically, Amex still wants direct contract (control) over merchants offering services indicated.