This Agreement is a contract between you and PayPal Payments (Beijing) Co., Ltd. (a subsidiary of PayPal Pte. Ltd., hereinafter referred to as "PayPal Payments", "we" or "us" or "our") governing your use of a PayPal PRC account (hereinafter referred to as "PayPal Account") and associated PayPal services (hereinafter referred to as "PayPal Services").

This privacy statement explains how and why PayPal collects, stores, uses, and shares personal data when you visit our websites or use our services. Reading it will help you understand.

You are independently responsible for complying with all applicable laws and regulations and all practices of using the Internet and payment service in all of your actions related to your use of PayPal's services, regardless of the purpose of the use.

These terms and conditions ("Terms") are a contract between you and PayPal Payments (Beijing) Co., Ltd., a company of the People's Republic of China, ("PayPal Payments", "we" or "us") and govern your use of APM functionality, as set out below, which may be available to you as part of the PayPal Services.

When you visit or interact with our sites, services, applications, tools or messaging, we or our authorized service providers may use cookies, web beacons, and other similar technologies for storing information to help provide you with a better, faster, and safer experience and for advertising purposes.

RMB transfer service (hereinafter “Service”) is a PayPal service, provided by PayPal Payments (Beijing) Co., Ltd. (hereinafter “PPCN”) and PayPal Pte. Ltd (hereinafter “PayPal Singapore”) jointly (each of PPCN and PayPal Singapore jointly or separately hereinafter refer to as “PayPal” or “us”) to you.

Vendor Payouts (hereinafter “Service”) is a PayPal service, provided by PayPal Payments (Beijing) Co., Ltd. (hereinafter “PPCN” or “us”) to you.