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PayPal Gold Program Terms and Conditions 

 

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Last updated and effective June 30, 2022

 

Introduction

The PayPal Gold Program (the “PayPal Gold Program” or “Program”) is offered to PayPal accountholders via the PayPal mobile app, PayPal.com, or the PayPal Honey mobile browser extension made available to PayPal customers participating in the PayPal Gold Program. These terms and conditions (the "PayPal Gold Terms") are a contract between you and PayPal, Inc. ("PayPal") and govern your access to and use of the PayPal Gold Program.

PLEASE NOTE:

  • To receive cash back, you must redeem PayPal Gold reward points and have a PayPal account in good standing.
  • While PayPal Gold may be redeemed for cash back, other redemption options are available. You are not required to redeem your points for cash back. Points are not money and have no value prior to redemption. Points can only be earned on eligible purchases.
  • Points can expire. To prevent expiration, your PayPal account must remain active. If your PayPal account is inactive for a period of at least twelve (12) consecutive months (for example, from April 10 of this year to April 10 of next year), your points will expire.

PLEASE NOTE: These terms DO NOT apply with respect to the Honey Gold Offers Program (the “Honey Gold Program”) offered by Honey Science LLC and made available to users of the PayPal Honey mobile app (formerly known as the “Honey app”), the PayPal Honey website (at www.joinhoney.com), the browser extension made available to Honey Gold Program participants, and any other channels through which the Honey Gold Program may be offered.  The PayPal Gold Program and Honey Gold Program are separate rewards programs, subject to separate terms and conditions. Any Gold points you receive in each program cannot be combined, and points received in one program cannot be used for redemption in the other.  For information regarding the Honey Gold Program, visit https://www.joinhoney.com/terms.

In addition to these PayPal Gold Terms, by accessing and using the PayPal Gold Program, you agree to comply with the following additional policies (collectively, with these PayPal Gold Terms, the “Agreement”):

  

Accepting the Terms

By using, participating in, or receiving the benefit of any portion of the PayPal Gold Program, you agree to comply with and be bound by this Agreement.  You must have a valid PayPal account in good standing, be an individual, be a resident of the United States or one of its territories, and be at least 18 years old, or the age of majority in your state or jurisdiction of residence (if over 18), to use or participate in the PayPal Gold Program. You may not use the PayPal Gold Program or accept this Agreement if you are not of a legal age and able and competent to form a binding contract with PayPal. If you use the PayPal Gold Program, you represent that you have the capacity to be bound by this Agreement. Participation in the PayPal Gold Program is unauthorized in any jurisdiction where all or any portion of this Program may violate (or may cause PayPal to violate) any legal requirements, and you agree not to participate if you are a resident of any such jurisdiction. The PayPal Gold Program is for personal, non-commercial use. You agree that you are not using (and will not use) the PayPal Gold Program for or on behalf of any third party, for any company, association, or group, or for any commercial purpose. You further agree that you will not participate in the PayPal Gold Program using multiple PayPal accounts in an attempt to avoid any prohibition of this Agreement or earn PayPal Gold points (described below) in excess of what would otherwise be permitted under this Agreement.

You agree that PayPal’s decisions regarding the PayPal Gold Program and your participation in it are final and binding and you agree to abide by all such decisions. PayPal will be the sole arbiter in cases of suspected abuse, fraud, or violation of its rules and any decision it makes relating to termination, suspension, or disabling of your participation in the PayPal Gold Program terms and/or your forfeiture of any PayPal Gold points or other Program benefits.

 

Amendments of this Agreement

PayPal may amend these PayPal Gold Terms or other terms or policies that govern your participation in the PayPal Gold Program from time to time. Any changes to the Agreement will be posted on PayPal’s website, and the posted Agreement will indicate the date the Agreement was last revised. The revised Agreement will take effect when posted or as otherwise expressly indicated. If you do not agree to the changes, you must stop participating in the PayPal Gold Program or using any benefits of the PayPal Gold Program. By continuing to use the PayPal Gold Program after any changes to this Agreement take effect or taking such other action as specified by PayPal, you agree to be bound by those changes.

 

Description of PayPal Gold Program

The PayPal Gold Program allows PayPal accountholders to search for deals, coupons, discount codes, and exclusive offers in order to look for potential savings when shopping online. As described in more detail below, participating in the PayPal Gold Program also provides you with an opportunity to earn PayPal Gold points. PayPal offers a variety of ways to access aspects of our PayPal Gold Program, including the PayPal website, mobile app, browser extension, and such other channels as PayPal may make available from time to time. Not all aspects of the PayPal Gold Program will be available through all access channels. For example, some aspects of the PayPal Gold Program may only be available through the PayPal mobile app and some only through the PayPal website or browser extension.

You must be a PayPal user in good standing to redeem PayPal Gold points or receive benefits of the PayPal Gold Program. All PayPal users in good standing may participate (subject to the eligibility requirements set out above) and no separate enrollment/application is required. PayPal does not charge fees to you for its PayPal Gold Program.

While we try and find you the best available discounts and coupons and to identify low prices, we may not always find you the best deal. PayPal is not responsible for any missed savings or rewards opportunities.

 

PayPal Is Not Responsible for Third Parties

All products you purchase from a third-party merchant, including those linked from the PayPal website or a PayPal emailed offer, or displayed through the PayPal mobile app, are: (a) priced by the applicable third-party merchant (including whether such prices include applicable local, state, or federal taxes, and any additional fees, such as shipping and handling); and (b) fulfilled, shipped, and otherwise serviced (including but not limited to the processing of returns, refunds, and cancellations) by the applicable third-party merchant and not by PayPal. PayPal is not responsible for any third-party merchant products, the business practices of any third party or any information contained on the merchant's website (including if the merchant's website is displayed through the PayPal mobile app or website). You agree that your purchase from a third-party merchant is subject to the merchant's own terms and conditions applicable to such purchase.  You agree that except for eligible transactions covered by PayPal Purchase Protection (and then subject to the terms of PayPal’s Purchase Protection program) PayPal is in no way responsible or liable to you for any products you purchase in connection with the PayPal Gold Program, including for any product liability claim, improper charges, delivery failures, pricing errors, or inaccurate product descriptions. You acknowledge and agree that PayPal is not liable or otherwise responsible for any breaches of credit card or debit card security or privacy by any third-party merchants.

When you access third-party websites through the PayPal Gold Program, you accept that there are risks in doing so, and that PayPal is not responsible for such risks. We encourage you to be aware when you are on a third-party merchant website and to read the terms and conditions and privacy policy of each third-party website or service that you visit or utilize.

PayPal has no control over, and assumes no responsibility for, the content, accuracy, privacy policies, or practices or opinions expressed in any third-party websites or by any third party that you interact with through the PayPal Gold Program. In addition, PayPal will not and cannot monitor, verify, censor or edit the content of any third-party site or service. By using the PayPal Gold Program, you release and hold us harmless from any and all liability arising from your use of any third-party website or service.

Except for eligible transactions covered by PayPal Purchase Protection (and then subject to the terms of PayPal’s Purchase Protection program), if you have a dispute with any third party (including a merchant from whom you purchase a product in connection with the PayPal Gold Program):

(1) you agree that PayPal is under no obligation to become involved; and

(2) to the maximum extent permitted by applicable law, you release PayPal, its officers, employees, agents, and successors from claims, demands, and damages of every kind or nature, known or unknown, suspected or unsuspected, disclosed or undisclosed, arising out of or in any way related to any dispute you have with a third party in connection with the PayPal Gold Program.

If you are a California resident, you shall and hereby do waive California Civil Code Section 1542, which says: "A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS THAT THE CREDITOR OR RELEASING PARTY DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF EXECUTING THE RELEASE AND THAT, IF KNOWN BY HIM OR HER, WOULD HAVE MATERIALLY AFFECTED HIS SETTLEMENT WITH THE DEBTOR OR RELEASED PARTY."

 

Earning & Redeeming PayPal Gold; Limitations; Program Changes

We may from time to time make our rewards points, "PayPal Gold," available to you when you complete certain actions through the PayPal app, website, browser extension, and such other channels as we may make available from time to time.  You must be a PayPal user in good standing to participate in the PayPal Gold Program.

The most common way for you to earn PayPal Gold points is by making an eligible purchase from one of the participating third-party merchants while using the PayPal Gold Program. PayPal Gold points are not available for all merchants or items. When PayPal Gold points are available for eligible purchases made from a particular merchant, we may indicate so on PayPal’s website or mobile app and/or within any other software PayPal may make available for the PayPal Gold Program (e.g., browser extensions or plug-ins). If a merchant is participating in the PayPal Gold Program, you can earn PayPal Gold points based on the eligible items that you purchase in either of two ways (or taking such other action as PayPal may specify in PayPal Gold Program materials): 

(1) Via PayPal’s Referral Links. To be eligible to earn PayPal Gold points through this method, you must complete your purchase after visiting the participating merchant’s site/service via the referral links (for example, by clicking the “Shop Now” or similar button from within PayPal app or website) provided by PayPal as part of this program. See below for additional details on this requirement.

(2) When a Saved PayPal Gold Offer is Applied to Your PayPal Purchase. PayPal may give you the option to “save” PayPal Gold offers available from certain merchants to your PayPal wallet. Once you successfully save an offer, then you will be eligible to earn PayPal Gold points on purchases of eligible items made from that merchant that you pay for using your PayPal account (whether online through the merchant’s site or app or, where the applicable merchant accepts PayPal payments at retail locations, in-store at a participating store) while the offer remains valid. You must pay for your purchase using your PayPal account to be eligible to earn PayPal Gold points via this method. 

PLEASE NOTE: Saving a PayPal Gold offer to your PayPal wallet through the PayPal Gold Program as described above is not itself acceptance of the offer and does NOT “lock-in” the advertised PayPal Gold earning rate/amount. Check your PayPal account immediately prior to your purchase to determine the earning rate/amount then being offered, if any. Offers are subject to change and may fluctuate (or be withdrawn entirely) at any time based on PayPal’s agreement with the applicable merchant or for any other reason as determined by PayPal in its sole discretion. 

We may also offer additional methods to earn PayPal Gold points to some or all users at our discretion. Any earning opportunity may be subject to additional terms, as specified at the time of the offer, including offers requiring you to pay with your PayPal account. 

You can only earn PayPal Gold points through one earning method per qualifying purchase. Satisfying the requirements of more than one earning method in a single transaction will not result in earning any additional PayPal Gold points.

We may display to you the amount or range of PayPal Gold points which you may earn in connection with an eligible purchase in any of the following ways: (1) a fixed percentage reward rate applicable for eligible purchases (for example: 3% in PayPal Gold points based on the subtotal of eligible items), (2) a percentage reward rate range applicable for eligible purchases (for example: 1-4% in PayPal Gold points based on the subtotal of eligible items), (3) a fixed number of points for an eligible purchase (for example: 500 PayPal Gold points), or (4) a range of PayPal Gold points for an eligible purchase (for example: 300-500 points). We may also display to you the cash back percentage or dollar amount for a transaction, which represents the percentage of cash back or dollar amount you could receive in connection with an eligible transaction if you elect to redeem the PayPal Gold points earned in connection with that transaction for cash back to your PayPal account. You are not required to redeem the points earned in connection with any such transaction for cash back, and you may elect to redeem such points for any other redemption option offered as part of the PayPal Gold Program. For an eligible purchase, the number of PayPal Gold points to be provided may be calculated based on the subtotal of eligible items purchased from a participating merchant, excluding tax or any additional fees such as shipping, or (where indicated) it may be provided as a flat sum regardless of the value of your purchase. You can only earn PayPal Gold points on eligible purchases, and certain items, product categories, and purchases are ineligible for PayPal Gold points. Exclusions vary by merchant.  Except for certain product-specific offers, such as PayPal Gold Offers, we generally won't be able to determine if the item(s) you have purchased are eligible for PayPal Gold points or the amount of PayPal Gold points that you will earn for that purchase until after you make your purchase.

The exact number of PayPal Gold points that can be earned on an eligible purchase will be assigned by PayPal based on the prevailing rewards rate displayed to you at the time of purchase for eligible items in your purchase. Depending on the offer you accepted, PayPal Gold points may be awarded to you as a flat sum, a fixed percent value based on your eligible purchase value, or, where applicable, fall within a range or up to the maximum number disclosed to you, and will be based on a number of factors determined by PayPal in its sole discretion (including random chance).

PayPal Gold points will appear as pending in your Account Overview, generally within 1-14 days of completing your qualifying purchase, although this may vary based on the transaction and merchant. This will occur before we have verified that all items of your purchase are eligible for PayPal Gold. PayPal Gold points will remain pending for approximately 60-90 days (although this varies based on the merchant and may be longer in some instances – including travel-related purchases, for which PayPal Gold points will be available for redemption only after travel has been completed and points have been confirmed). You will not earn PayPal Gold points for any items that you return or for which you receive a full refund on. If part or all of your purchase is ineligible for PayPal Gold points, or if you return all or part of your purchase or receive a refund on it, the number of PayPal Gold points you receive on your purchase, whether or not showing as "pending," will be reduced accordingly based on the new subtotal of eligible items. For the purpose of clarity and without limiting the foregoing, PayPal may remove PayPal Gold points previously made available to you and/or cancel any awards for which those PayPal Gold points were redeemed in the event that you return all or part of your underlying purchase or a receive a refund on it (either through the merchant or via chargeback). If there are no eligible items in your cart, you will not earn any PayPal Gold points on that transaction or order. PayPal Gold points which are pending cannot be used or redeemed. You'll be able to see in your PayPal Gold Activity Dashboard when PayPal Gold points are no longer pending and become available to redeem.

We are able to provide PayPal Gold points to you based on agreements with third-party merchants in connection with your purchases. As such, we can only provide PayPal Gold points to you when an action is successfully completed and tracked and after the relevant third-party merchant completes its obligation pursuant to such agreements. You must follow the links and instructions on the PayPal website, mobile app, browser extension, or in other PayPal Gold Program materials in order to complete the eligible purchase, save the applicable offer, or complete another or qualifying action. If we are unable to track your transaction/action or if the relevant third-party merchant does not fulfill its obligation, then PayPal may choose not to provide the PayPal Gold points associated with that transaction to you. For purchases made using the "Via PayPal’s Referral Links” earning method described above, this includes instances where there are difficulties in tracking a transaction due to your use of an ad blocker or another service similar to PayPal. This could occur if, for example, you have downloaded another browser extension that provides a service similar to PayPal or navigated to a merchant site by clicking on a link from another website that provides discount codes or price tracking services.

If you have questions or issues in connection with earning PayPal Gold points for your transaction, please contact us.

We may require you to provide copies of your order confirmation, order number, or other proof of purchase. We may elect to provide you PayPal Gold points in our sole discretion based on the information you provide.

Provided your account is in good standing, you can redeem PayPal Gold points for PayPal Gold Program awards.  Available awards (and, where applicable, the number of PayPal Gold points required for each award type) will be as set forth on the PayPal website, mobile app, browser extension, or other PayPal Gold Program materials. Awards may vary, may be subject to availability or limitations on redemption, and may be subject to additional award-specific terms or limitations.  All redemptions are final. We may place other limitations on your ability to redeem PayPal Gold points. We may change the number of PayPal Gold points required, redemption-rate or availability of any item for which you may redeem PayPal Gold points in our sole discretion and without prior notice. We may also offer additional redemption options from time to time, as disclosed within our PayPal Gold Program. Use of awards may be subject to additional terms and limitations as specified at the time of redemption or in materials accompanying the award.

PayPal Gold points cannot be purchased, are not your property, are not money, can expire as described in these PayPal Gold Terms, and have no value prior to redemption. Upon redemption, additional terms may apply. PayPal Gold points are not transferrable under any circumstances (except where PayPal expressly makes transfer or account linking functionality available within the PayPal Gold Program and then subject to any additional terms or limitations set out by PayPal) and can expire as further explained below. Without limiting the foregoing, PayPal Gold points are not descendible and may not be transferred by operation of law (including via inheritance, bankruptcy, or in the event of divorce).  You understand that benefits you receive through the redemption of PayPal Gold points may qualify as taxable income under applicable law and you are solely responsible for any tax liability incurred in connection with your participation in the PayPal Gold Program.

PayPal reserves the right at any time to cancel, terminate, modify, or restrict PayPal Gold Program (for some or all users), or any aspect of the PayPal Gold Program, including any available offers, point redemption ratios, redemption options, expiration terms, etc. PayPal reserves the right to apply such changes retroactively to PayPal Gold points already accrued. You understand that, in some cases, withdrawal or reversal of previously credited PayPal Gold points may result in your having a negative PayPal Gold balance and you will be unable to redeem any subsequently earned PayPal Gold points until you have returned to a positive points balance. You agree that PayPal has the right to limit the quantity of PayPal Gold points you may earn, refuse to provide you PayPal Gold, or otherwise modify, restrict or eliminate your ability to earn or redeem PayPal Gold in our sole discretion and without prior notice to you. 

 

Redemption for Cash

One type of award for which you may (in our sole discretion) be able to redeem PayPal Gold points is cash redemption. This redemption option requires you to have a valid personal PayPal account that is active and in good standing in PayPal’s sole discretion and has your bank account or debit card linked to it.

After you have elected to redeem PayPal Gold points for cash, it can take up to 24 hours for the funds to be sent to your PayPal account. After that, to cash out your funds, you can transfer them to the linked debit card or bank account. Or, if you have a PayPal Balance account, you can hold it as balance for future use. This redemption option is subject to additional terms, as specified in the PayPal Balance Terms and Conditions.

Redemptions are final and cannot be reversed once started.

Redeeming PayPal Gold points for cash may be considered taxable income. You are responsible for compliance with all applicable tax requirements. You may be asked to provide certain identifying information (like your Social Security Number or Taxpayer Identification Number) for tax purposes.

 

Redemption for PayPal Shopping Credit

Another type of award for which you may (in our sole discretion) be able to redeem PayPal Gold points is a PayPal Shopping Credit. This award provides a specified discount on future eligible purchases paid for using PayPal. PayPal Shopping Credits are subject to additional terms, as specified below and disclosed to you at the time of redemption.

PayPal Shopping Credits are issued for loyalty and promotional purposes and are subject to expiration as specified at the time you redeem PayPal Gold points for the PayPal Shopping Credit. Following the stated expiration date of a particular PayPal Shopping Credit (“Expiration Date”), you will not be able to use the PayPal Shopping Credit and will forfeit any remaining value. PayPal Shopping Credits have no value unless and until redeemed for an eligible purchase prior to expiration.

Once credited to your PayPal account, the PayPal Shopping Credit will be automatically applied to your next eligible purchase made using PayPal as your payment method. The PayPal Shopping Credit will be reflected on your PayPal receipt or in the transaction details in your PayPal account.

If prior to the Expiration Date, you receive a full refund for or there is a reversal on a transaction you made using the PayPal Shopping Credit, the PayPal Shopping Credit (or portion thereof used on the applicable transaction) will be returned to your PayPal account and the original Expiration Date shall apply to the PayPal Shopping Credit.  If, following the Expiration Date, there is a refund or reversal on a transaction you made using the PayPal Shopping Credit, the PayPal Shopping Credit will not be returned to your PayPal account and is void. In the event that you receive a partial refund for any transaction you made using both a PayPal Shopping Credit and another method of payment, the other method of payment will be credited first in applying the refunded amount to you, up to the total amount of the original transaction paid for using that payment method, after which – provided the return is processed before the Expiration Date – any remainder will be added to your account as a PayPal Shopping Credit (and the returned PayPal Shopping Credit will remain subject to the original Expiration Date).

PayPal Shopping Credits may not be redeemed on all transactions. Excluded transactions which the PayPal Shopping Credit cannot be used for include, but are not limited to, the following: send money transactions, eBay seller fees, eBay purchases paid via an eBay invoice, PayPal preapproved payments, and the payment of any PayPal transaction fees. PayPal Shopping Credit may not be applied to past purchases. The PayPal Shopping Credit is valid in the United States and can only be used for purchases from U.S. merchants in U.S. Dollars.

The PayPal Shopping Credit cannot be transferred (to other PayPal users or outside of PayPal) or combined with any other PayPal (a) offer (including but not limited to Pay After Delivery); (b) promotion code; (c) coupon; or (d) discount (including applying multiple PayPal Shopping Credit to a single purchase). The PayPal Shopping Credit cannot be redeemed for cash or other value and cannot be withdrawn from your PayPal account. PayPal Shopping Credit has no monetary value except as provided for under this Agreement. PayPal Shopping Credit is void where prohibited and may not be available when network connectivity between the merchant and PayPal is unavailable. The PayPal Shopping Credit is visible on our website at www.paypal.com, and may not be visible in the PayPal mobile app.

 

Redemption at Checkout

We may also permit you (in our sole discretion) to redeem PayPal Gold points during the checkout process when paying for a purchase using your PayPal account. Where available, you may redeem PayPal Gold points towards the total price of an eligible purchase. Unless otherwise specified by PayPal during the checkout process, PayPal Gold points can be redeemed in any denomination of whole points. Upon redemption, the points will be converted to cash to fund the purchase. The per-point redemption value of each PayPal Gold point will be as specified by PayPal during the checkout process. Redemption of PayPal Gold at checkout can only be used for eligible purchases from U.S. merchants in U.S. Dollars up to the total purchase price. Please note though that, even if you redeem PayPal Gold points to fund the entire purchase price, you will still be required to provide a back-up funding source in order to complete the transaction. Your back-up funding source may be charged in the event of a payment dispute, if your final charge with the merchant ultimately exceeds the value of points redeemed (e.g., due to a variable cost, such as shipping fees or gratuity), or in certain other circumstances.)

Redemption at checkout is available only where expressly indicated by PayPal on its website/app, browser extension, during the checkout process and is not available on all transactions paid for using PayPal. Excluded transactions include, but are not limited to, the following: send money transactions, eBay seller fees, eBay purchases paid via an eBay invoice, PayPal preapproved payments, and the payment of any PayPal transaction fees.

Not all payment sources may be combined with at-checkout redemption of PayPal Gold to fund an eligible purchase. PayPal Gold may be redeemed at checkout in combination with PayPal Shopping Credit(s) to fund a single purchase, but may not be applied to the same purchase as funds held in a PayPal Balance Account (unless otherwise expressly permitted by PayPal as part of the checkout process for an eligible purchase). In addition, PayPal Gold redeemed at checkout may not be combinable with payments from certain payment cards, bank accounts, and other funding sources/instruments. Payment cards, accounts, and other funding instruments/sources that are not usable in combination with redemption of PayPal Gold at checkout will be identified during the checkout process on PayPal’s website or app.

 If you receive a full refund for or there is a reversal on a transaction in which you redeemed PayPal Gold points at checkout, your PayPal Gold balance will be credited in an amount equal to the PayPal Gold points you originally redeemed on such purchase. In the event that you receive a partial refund for any transaction you paid for using both at-checkout redemption of PayPal Gold points and another payment method, the other method of payment will be credited first in applying the refunded amount to you – up to the total amount of the original transaction paid for using that payment method – after which any remainder will be credited to your PayPal Gold balance as PayPal Gold points.

 

Expiration & Loss of PayPal Gold Points; Termination of the Program

To maintain your PayPal Gold points, your PayPal account must remain active. If your PayPal account is inactive for a period of at least twelve (12) consecutive months (for example, from April 10 of this year to April 10 of next year), PayPal has the right (to the maximum extent permitted by applicable law) to reset your PayPal Gold points to zero (0), in which case you will no longer be eligible to redeem any then-unredeemed PayPal Gold points. For the purposes of these PayPal Gold Terms, inactive means that you have not logged into your PayPal account or otherwise used your PayPal account to transact in any way, including making an online or in-store purchase using PayPal, or sending, receiving, or withdrawing money. To the maximum extent permitted by applicable law, you agree that any disputes about whether your PayPal Gold rewards points should expire will be resolved by PayPal in its sole discretion, and you agree to abide by PayPal's resolution of such dispute. If your PayPal account is closed, any unredeemed PayPal Gold points balance associated with your account will no longer be redeemable. PayPal reserves the right to suspend or terminate, in its sole and absolute discretion, your participation in the PayPal Gold Program or your PayPal account entirely if PayPal reasonably suspects that you have abused any PayPal Gold Program benefits or privileges, have violated or acted inconsistently with these PayPal Gold Terms, any other aspect of the Agreement or applicable law, or have acted in a manner harmful to our interests. Abuse or violations that may result in suspension or termination include (but are not limited to): (i) using automated or fraudulent means (including artificially manufacturing transactions/spend) to earn PayPal Gold or otherwise participate in this program ; (ii) your failure to abide by the requirements of the Agreement; (iii) the attempted or actual purchase, sale, or transfer of any PayPal Gold points or PayPal account; and (iv) making a misrepresentation to PayPal in connection with your participation in the PayPal Gold Program. You understand and agree that termination of your participation in the PayPal Gold Program (or your PayPal account) will result in the immediate forfeiture of all PayPal Gold points and unused Program awards associated with that account.

PayPal reserves the right to cancel, terminate, modify, or restrict the PayPal Gold Program (for some or all users), or any or all Program benefits, including but not limited to any available offers, point redemption ratios, redemption options, and expiration terms at any time and for any reason. In the event PayPal elects to terminate the PayPal Gold Program entirely, we will provide a notice of termination on the PayPal website and/or by email to the email address then associated with your PayPal account.  Unless a shorter notice period (or no notice) is required by applicable law or by PayPal as determined in its sole discretion, PayPal will provide you with at least twenty-one (21) days’ notice prior to termination of the PayPal Gold Program during which time you may continue to redeem accumulated PayPal Gold points. Any conclusion to the PayPal Gold Program that results in the transfer of participants to a successor loyalty Program, where such participants do not forfeit all unexpired, unredeemed PayPal Gold points in their account as a result, will not be considered a termination of the Program for purposes of this provision. In addition, this provision will not apply if PayPal elects, in its sole discretion, upon termination of the Program, to automatically credit to each program participant’s PayPal account a pro rata credit amount equal to the redemption value of the participant’s unredeemed PayPal Gold points.

 

Assignment

PayPal may assign, without recourse, any or all of its rights or obligations under this Agreement, including all or a portion of this Agreement and/or all or a portion of any liabilities related to PayPal Gold rewards points.  In the event that PayPal assigns any or all of the liabilities related to PayPal Gold rewards points, the assignee shall be the sole obligor with respect to such points, and PayPal shall have no further liability with respect to such points.