PayPal's Payments without a PayPal account service is provided to on-line merchants and other PayPal account holders (who like to receive money in their PayPal account) by PayPal (Europe) S.à r.l. et Cie, S.C.A. ("PayPal") which is authorised and regulated by the Commission de Surveillance du Secteur Financier in Luxembourg.
This service allows on-line merchants to sell goods or services to persons who do not hold a PayPal account ("third party" or "you"). It involves PayPal issuing to the on-line merchant a sum of electronic money equivalent to the amount of the purchase, when PayPal receives funds from the third party. That electronic money is then paid to the on-line merchant's PayPal account as payment for the goods and services being purchased.
Similarly, the service allows other PayPal account holders (such as for example holders of personal accounts) to request a payment from a third party. In this case, the third party will pay the requested amount to PayPal and PayPal will credit a sum of electronic money equivalent to the requested amount to the account holder's PayPal account.
In case the merchant or other account holder is obliged to pay PayPal fees for this payment, the fee will be automatically deducted.
PayPal will monitor the number and amount of transactions when you pay us and we issue electronic money to merchants or other PayPal account holders. If these transactions are regular or exceed certain thresholds, we may require you to open a PayPal account with us. At that point you will need to enter into our standard user agreement to govern your newly-created relationship with us.
You should note that "Payments without a PayPal account" does not entitle you to the benefits of having a PayPal account. You will for example not be eligible to take advantage of our Buyer Protection Policy or any other benefits which we offer under the user agreement. You may have additional rights through your agreement with your credit or debit card issuer.
Even if you already own a PayPal account, you will not have any rights under our Buyer Protection Policy for transactions for which you use "Payments without a PayPal account".
However, as part of our service to eBay, you might be eligible for Buyer Protection for purchases on www.ebay.de according to the terms of the Buyer Protection Policy.