Payments Terms of Use

Introduction
I. GENERAL PAYMENTS TERMS
1. About Payments on eBay Services
2. International Sales
3. Seller Payment Fees
4. Seller Onboarding
5. Shipping
6. Managed Payments Limitations
7. Using Managed Payments
8. Security; Third-Party Providers; Data Protection
9. Collection of Fees and Other Amounts You Owe
10. Amendment
11. Term, Termination
12. Assignment
II. ADDITIONAL PAYMENTS TERMS FOR SERVICES PROVIDED BY EBAY COMMERCE INC.
III. ADDITIONAL PAYMENTS TERMS FOR SERVICES PROVIDED BY EBAY S.À R.L.
IV. ADDITIONAL PAYMENTS TERMS FOR SERVICES PROVIDED BY EBAY COMMERCE CANADA LTD.
V. ADDITIONAL PAYMENTS TERMS FOR SERVICES PROVIDED BY EBAY COMMERCE AUSTRALIA PTY LTD.
VI. ADDITIONAL PAYMENTS TERMS FOR SERVICES PROVIDED BY EBAY COMMERCE UK LTD.

Effective date from November 1, 2023 for sellers who accept these Payments Terms of Use during new seller registration or otherwise on or afterthat date. For all other sellers, if you receive Payment Services from eBay Commerce Inc. or eBay Commerce Canada Ltd., the effective date isNovember 15, 2023 with respect to those Payment Services; if you receive Payment Services from eBay Commerce Australia Pty Ltd., the effective
date is November 30, 2023 with respect to those Payment Services; and if you receive Payment Services from eBay S.à r.l. or eBay Commerce UK
Ltd., the effective date is January 1, 2024, with respect to those Payment Services.

Introduction
These Payments Terms of Use (“Payments Terms of Use”) set out the terms on which the eBay Payment Entities set forth below offer you Payment Services (asdefined below in Part I, Section 1) in relation to your use of the eBay Services. Your use of the eBay Services will continue to be governed by the User
Agreement applicable to you. Capitalized terms used, but not defined, in these Payments Terms of Use have the same meaning as set forth in the User
Agreement. The applicable User Agreement, related eBay policies, or other agreements between you and us (for example, a billing agreement) may include
provisions regarding your use of the eBay Services without Managed Payments (as defined below) which may conflict with these Payments Terms of Use. You
understand that, with respect to our Payment Services, these Payments Terms of Use supersede any and all such conflicting provisions. You agree to comply
with these Payments Terms of Use when accessing or using our Payment Services.
These Payments Terms of Use are between you and the applicable eBay Payment Entities, as set forth below. If you have international sales, you may receive
Payment Services from one or more eBay Payment Entities, as described in Part I, Section 2 below. In addition to the General Payments Terms (Part I of these
Payments Terms of Use), each eBay Payment Entity has Additional Payments Terms (Parts II, III, IV, V and VI of these Payments Terms of Use) that apply to the
Payment Services such entity provides. eBay Inc. and the companies it directly or indirectly controls, is controlled by, or is under common control with, arereferred to as our “Affiliates.” The eBay Payment Entities are Affiliates of eBay Inc.
eBay Payment Entity

Contact Information

eBay Commerce Inc. (“eCI”)
2065 Hamilton Avenue
San Jose, CA 95126, United States

English: https://www.ebay.com/
help/homePart II (“Additional Terms for Services Provided by eCI”) of these Payments Terms of Use contains an Agreement
to Arbitrate which will, with limited exception, require you to submit claims you have against us or our agents tobinding and final arbitration, unless you opt out of the Agreement to Arbitrate (see Part II, Section 4 (“Legal
Disputes”), Subsection B ("Agreement to Arbitrate")). If you do not opt out: (1) you will only be permitted to pursue
claims against us or our agents on an individual basis, not as a plaintiff or class member in any class or

Chinese:https://ocsnext.ebay.com.hk/
ocs/home

eBay Payment Entity

Contact Information

representative action or proceeding and (2) you will only be permitted to seek relief (including monetary,
injunctive, and declaratory relief) on an individual basis.

Germany: https://www.ebay.de/
help/home
France: https://www.ebay.fr/
help/home
Italy: https://www.ebay.it/
help/home
Spain: https://www.ebay.es/
help/home

eBay S.à r.l. (“eBay Sarl”)
22-24, Boulevard Royal
L-2449 Luxembourg
RCS registration number: B164557
VAT-ID LU26188648
eBay Sarl is authorized in Luxembourg as a payments institution and subject to the supervision of the Commission
de Surveillance du Secteur Financier (CSSF), 283 route d’Arlon, 1150 Luxembourg, (license no. 33/19). You cancheck eBay Sarl’s registration details by visiting the CSSF’s website at http://www.cssf.lu/en/.

Austria: https://ocsnext.ebay.at/
ocs/home
Ireland: https://ocsnext.ebay.ie/
ocs/home
Switzerland:
https://ocsnext.ebay.ch/ocs/home
Belgium (French):https://ocsnext.befr.ebay.be/ocs/home
Belgium (Dutch):https://ocsnext.benl.ebay.be/ocs/home
Netherlands:
https://ocsnext.ebay.nl/
ocs/home
Poland: https://ocsnext.ebay.pl/ocs/home

eBay Commerce Canada Ltd. (“ECCA”)
44 Chipman Hill
Suite 1000
Saint John NB E2L 2A9, Canada

eBay Commerce Australia Pty Ltd (“ECA”)
Level 18
1 York Street
Sydney NSW 2000
Australia

English: https://www.ebay.ca/
help/home
French:https://www.cafr.ebay.ca/
help/homehttps://www.ebay.com.au/
help/home

ECA is registered as a remittance service provider with, and is subject to the supervision of, the AustralianTransaction Reports and Analysis Centre (“AUSTRAC”), PO Box K534 Haymarket NSW 1240. You can check ECA’sregistration by visiting AUSTRAC’s website at https://online.austrac.gov.au/ao/public/rsregister.seam.

eBay Commerce UK Ltd (“ECUK”)
1 More London Place,
London, SE1, 2AF, United Kingdom
ECUK is authorized in the UK as a payment institution and regulated by the Financial Conduct Authority (“FCA”),
with firm reference number 925354. You can check ECUK’s registration details by visiting the FCA’s website
https://register.fca.org.uk.

https://www.ebay.co.uk/help/
home

I. GENERAL PAYMENTS TERMS
This Part I of the Payments Terms of Use applies to all Payment Services you receive from the eBay Payment Entities (also collectively referred to as “we” or“us” in this Part).

1. About Payments on the eBay Services
You agree to have the eBay Payment Entities receive or execute payments on your behalf in relation to your use of the eBay Services, and manage settlementof related payments to you (referred to as “Managed Payments,” “Payment Services,” or similar names).

Buyers may pay for your items using payment methods such as the following, the availability of which may vary:
Certain credit or debit cards (VISA, MasterCard, American Express, and Discover),PayPal,Google Pay,
Apple Pay,
Direct debit,“Pay Later” payment methods, otherwise known in some areas as payment via installments, or “direct debit upon invoice” or “payment upon invoice,” or“Buy Now Pay Later”,
eBay coupons, gift cards, etc. (if applicable), or
Funds held in a stored value account issued under eBay’s Balance Terms and Conditions (currently only available to selected sellers residing or establishedin the United States).
We may modify the scope of payment methods available at our sole discretion.
The underlying contract for the buyer’s purchase of “items” (which may refer to goods and/or services) from you is directly concluded between you and thebuyer.
After a Managed Payments transaction occurs, you will receive a notification confirming such payment transaction. We will initiate settlement of proceeds
received to your Linked Financial Account (as defined below in Part I, Section 4 “Seller Onboarding”). You can access the status of your Managed Payments
transactions, including settlements and other payment information, under the Payments tab in the Seller Hub, which will be available to you when you
successfully onboard to Managed Payments. If a payment is made to you in error, or if you receive funds that you are not otherwise entitled to receive at thetime of disbursement, we have the right to recoup such amounts from you.

2. International Sales
Because multiple eBay Payment Entities provide Payment Services, you may receive Payment Services from more than one eBay Payment Entity, as follows:
If you receive Payment Services from an eBay Payment Entity, such entity is appointed to process transactions and manage the settlement of funds related
to your sales.
Each eBay Payment Entity is appointed to manage payments for sales on one or more sites, as set forth in the table below (“Responsible Payment Entity”).
The site on which you list your item will determine the Responsible Payment Entity for a given sale. For example, ECA would be the Responsible Payment
Entity if you sell an item that you listed on ebay.com.au.
Your “Payout Entity” is the eBay Payment Entity associated with the country in which you reside or are established as a business. Your Payout Entity is
assigned to you as illustrated in the table below, unless you and we otherwise agree. You will receive all disbursements to your Linked Financial Accountfrom this entity, regardless of where you list your items.
If you sell an item listed on an eBay site whose Responsible Payment Entity is also your Payout Entity, your Payout Entity will process the sale and settle thecorresponding funds to your Linked Financial Account. For example, if your Payout Entity is ECCA, your funds awaiting payout from sales on ebay.ca will beprocessed and settled to your Linked Financial Account by ECCA.
If you sell an item listed on an eBay site whose Responsible Payment Entity differs from your Payout Entity, the Responsible Payment Entity will process thesale and transfer the corresponding funds to your Payout Entity, which will receive the funds on your behalf and in turn disburse them to your Linked
Financial Account. For example, if your Payout Entity is eCI and you reside in an “Additional Country” (as such term is defined in the chart below), your funds
awaiting payout from sales on ebay.de will be managed by eBay Sarl and settled to eCI. eCI will then disburse the funds to your Linked Financial Account.
The following table illustrates these distinctions:
Responsible Payment Entity for
Sales of Items Listed on

Payout Entity for Sellers Residing or
Established in

Additional Payments Terms

eCI

ebay.comthe United States (all references
herein to the “United States” shall
include its territories) and all othercountries (together, the “Additional
Countries”) that are not included
among the countries associated with
an eBay Payment Entity below

II. ADDITIONAL PAYMENTSTERMS FOR SERVICESPROVIDED BY eBay CommerceInc.

eBay Sarl

All European Economic Area (“EEA”)
eBay sites (including ebay.de,ebay.ie, ebay.fr, ebay.it, ebay.es,ebay.at, ebay.nl, ebay.be,befr.ebay.be, benl.ebay.be, ebay.pletc.) and ebay.ch

EEA countries (except Iceland) or
Switzerland

III. ADDITIONAL PAYMENTSTERMS FOR SERVICESPROVIDED BY eBay S.à r.l.

ECCA

ebay.cacafr.ebay.ca

CanadaIV. ADDITIONAL PAYMENTSTERMS FOR SERVICESPROVIDED BY eBay Commerce
Canada Ltd.

ECA

ebay.com.au

Australia

V. ADDITIONAL PAYMENTSTERMS FOR SERVICESPROVIDED BY eBay Commerce
Australia Pty Ltd.

ECUK

ebay.co.uk

the United Kingdom, Jersey,
Guernsey, Gibraltar (references madeherein to the “United Kingdom” areeBay Payment Entity

VI. ADDITIONAL PAYMENTSTERMS FOR SERVICES

eBay Payment Entity

Responsible Payment Entity for
Sales of Items Listed on

Payout Entity for Sellers Residing or
Established indeemed to also include Jersey,
Guernsey or Gibraltar for the purposesof these Payments Terms of Use)

Additional Payments Terms
PROVIDED BY eBay Commerce
UK Ltd.

If you reside outside the EEA (except Iceland), the United Kingdom, and Switzerland, the performance of any Payment Services provided to you by eBay Sarl
and/or ECUK is deemed suspended until an item you listed on a EEA, UK, or Swiss eBay site is sold.

Payout Currency
Your “Payout Currency” is the currency that we will use for settling your transaction proceeds to your Linked Financial Account. We will generally determine
your Payout Currency as follows, unless you and we agree otherwise:
If you are a seller residing or established in the United States, or any of the Additional Countries, your Payout Currency is the US Dollar.
If you are a seller residing or established in an EEA country (except Iceland), your Payout Currency will be the Euro.
If you are a seller residing or established in the United Kingdom, Switzerland, Liechtenstein, or Australia, your Payout Currency will be based on your countryof residence.
If you are a seller residing or established in Canada, your Payout Currency will be the Canadian Dollar or, if offered by us and selected by you, the US Dollar.
If you are a seller residing or established in an Additional Country, then your Payout Currency is the US Dollar, or such other currency as we may offer andyou may select as determined by your country of residence.
We may enable further Payout Currencies at our sole discretion in the future. Where offered by us and agreed upon by you and your buyer, your buyer may pay
for an item you sell with currency other than your Payout Currency. When this happens, the paid amount will be converted into your Payout Currency prior to
disbursement of the funds to you, using the applicable transaction exchange rate and assessing the currency conversion charge as indicated on our Fee Page
described in Section 3 (“Seller Payment Fees”) below. Similarly, your receipt of eBay Services from Affiliates may cause you to incur fees which are published ina currency other than your Payout Currency; if this happens, we may convert such fees into your Payout Currency in the same manner as described in the priorsentence.
Further, if you live in an Additional Country, the financial institution you opened your Linked Financial Account with may charge you a separate fee forconverting your funds from the US Dollar to your local currency.

3. Seller Payment Fees
The fees and expenses which we charge in relation to your use of Managed Payments are, unless otherwise communicated to you, set forth in the applicablefee page linked in the tables below based on the country that you reside or are established in (“Fee Page”). For instance, if you reside in Australia and do nothave an eBay store, clicking on the “Australia” link in the “Sellers in ___ without eBay Stores” column will take you to your applicable Managed Payments fee
page; in contrast, if you reside in Australia and have an eBay store, you should click on the “Australia” link in the “eBay Store Sellers in” column. Such fees andexpenses are subject to change, as set forth in the applicable User Agreement. For instance, if the Australian User Agreement is applicable, we may change
our seller fees from time to time in the manner set out in the Australian User Agreement.
Sellers in ____ without eBay Stores

eBay Store Sellers inAustralia

Australia

Canada (English); Canada (French)

Canada (English); Canada (French)

United States

United States

Private, Individual, or Non-Professional Sellers in

Business or Professional Sellers inAustria

Austria

Belgium (Dutch); Belgium (French)

Belgium (Dutch); Belgium (French)

China (Mainland)

China (Mainland)

FranceFranceGermany

Germany

Hong Kong

Hong Kong

Ireland

Ireland

Italy

Italy

Macau

Macau

Netherlands

Netherlands

PolandPoland

Spain

Spain

Switzerland

Switzerland

TaiwanTaiwanUnited Kingdom

United Kingdom

Private, Individual, or Non-Professional Sellers in

Business or Professional Sellers in

Additional Countries and EEA Countries Not Identified Above

Additional Countries and EEA Countries Not Identified Above

In some circumstances, you might be eligible for a credit of certain fees you paid, as described on the Fee Credits page.

4. Seller Onboarding
In order to use our services, you must register and accept these Payments Terms of Use. If you reside in the EEA, the United Kingdom, or Switzerland, yoursubmission of your Managed Payments online registration application constitutes your offer to conclude this agreement. If your onboarding is not immediately
confirmed, you will receive notification that you have been approved to receive services once we have reviewed your information.
To use Managed Payments, you must:
Link a financial account, so you may receive settlements of proceeds from Managed Payments to this account (“Linked Financial Account”).* If you residein the United States, Canada, the United Kingdom, or Australia, your Linked Financial Account must be a bank account based in your country of residence,or such other type of account or instrument (such as a debit card) that we may permit in our discretion. If you reside in a country within the EEA (except
Iceland), you may provide a bank account located in any EEA member state (except Iceland), as your Linked Financial Account. If you reside in Switzerland
or Liechtenstein, you must provide a bank account located in Switzerland or Liechtenstein as your Linked Financial Account. If you reside in an Additional
Country, we may require you to create a Linked Financial Account with a specific non-bank third-party financial institution to receive payouts. Dependingon the Additional Country that you reside in, we may also offer you the option to use a bank account located in the Additional Country as a Linked Financial
Account. If we cannot make direct debits from your Linked Financial Account for Owed Amounts (as defined in Section 9), we require you to keep anotherpayment method on file with us and we may withhold payouts to your Linked Financial Account until you have successfully provided us with such otherpayment method.
At this time, you may only use our Payment Services to receive disbursements to a Linked Financial Account. You may change your Linked Financial
Account at any time as permitted by us. Payouts will be made to your Linked Financial Account subject to (i) your completion of the Linked Financial
Account verification process, and (ii) the completion of our assessment for security and risk purposes and under our anti-money laundering and other legal
obligations. Our assessment typically takes up to two (2) days after your completion of the verification process, or longer if any issues or irregularities arisein which case we will complete our assessment without undue delay. If you reside in an Additional Country and we offer you the option to receive payouts tomore than one Linked Financial Account, we will allocate your payouts among your Linked Financial Accounts in conformity with your instructions. By addinga Linked Financial Account to your eBay account, you represent and warrant that you are the lawful owner of, or have the lawful right to use, any Linked
Financial Account you associate with your account. In certain circumstances, we may permit you to direct payouts to a Linked Financial Account owned orcontrolled by your legal representative. If you elect to receive payouts to a Linked Financial Account owned or controlled by a legal representative, yourepresent and warrant that the legal representative has the authority to receive payouts on your behalf, and you fully release us from any and all liability forlosses you may sustain arising from disbursements made by us to the legal representative under these Payments Terms of Use.
Provide us with all information which we may require for purposes that include: verifying your identity, complying with applicable laws and regulations suchas anti-money laundering and sanctions screening obligations, allowing us to manage settlements of your transaction proceeds, and assessing fraud andrisk. If you are an individual, this information may include, without limitation, your full name, address, phone number, date of birth, taxpayer identification
number, bank account information, and a form of government-issued identification (e.g., a copy of your identity card or driver’s license). If you are abusiness, this information may include, without limitation, your full business name, address, phone number, entity type, bank account information, tax
identification number, and business number, in addition to details regarding your beneficial owner(s), director(s), officer(s), authorized representative, legal
representative, and/or primary contact, such as name, contact information, nationality, title, and government-issued identification (such as a United States
Social Security Number). You understand that we will be unable to settle your proceeds or issue you any tax documents (such as a United States Internal
Revenue Service Form 1099-K) if you do not provide or appropriately update us with accurate contact information and other requested data.
Provide us with all information necessary to authenticate you or your payment transactions, which may include validation of your phone number or email.
You understand that we may be unable to execute certain transactions or complete certain requests without this information.
Maintain in a timely manner the accuracy of the information we have on file, and consent to our periodic updating of such stored information based on
information provided by you, your bank, or other payments services providers. You will only provide us information about payment or settlement methods
that you are authorized to use. You understand that if you update information such as your country of residency, you may need to repeat some or all of theonboarding steps described above to continue using Payment Services.
Comply with all, and not cause a third party to violate any, applicable laws, regulations, rules, and terms and conditions in connection with your use of theeBay Services. You will not use Payment Services to move funds associated with gambling. You understand that some third parties (such as banks, credit
and debit card issuers, credit and debit card networks, and payments services providers) may have their own terms and conditions for the payment or
settlement methods you or buyers choose to use in connection with payments that we manage, such as terms and conditions that relate to the settlementof funds, chargebacks, prohibited items, and overdrafts. Failure to abide by third-party terms and conditions may result in fees assessed to you, delays inyour receipt of funds, or other actions taken by such third parties. You agree that we have no control over, or responsibility or liability for, such fees, delays,or actions.
You authorize us and our Affiliates to check information you provide to us, including by verifying the existence of your bank account and obtaining reports
from, or comparing your information to, third-party sources. Such third-party sources may include without limitation, banks, credit agencies, data brokers, andother service providers. We reserve the right to close, suspend, or limit your account or rescind your access to any or all of our services in the event we areunable to obtain or verify any of this information. We are not responsible for any losses suffered by you as a result of incomplete or inaccurate information you
provide.

5. Shipping
When you receive notice that a buyer has paid for an item through a Managed Payments transaction, you must then ship or otherwise deliver your item inaccordance with the agreed shipping method.

6. Managed Payments Limitations
In some listings or categories, eBay may allow sellers to offer buyers the option to pay for a purchase directly to the seller without using the payment services
offered by us under these Payments Terms of Use, for example by cash payment on pickup (“Offline Payment Methods”). We do not manage payments for such
Offline Payment Methods. Offline Payment Methods are not covered by the eBay Money Back Guarantee or similar eBay buyer protection programs;
additionally, we will not assist buyers or sellers with payment disputes (such as chargebacks) in connection with Offline Payment Methods. Your listings aresubject to eBay’s payment policies and any other terms about payments that may appear on the eBay Services, including terms relating to the payment anddisbursement methods available to you for such listings.

7. Using Managed Payments
Returns and Cancellations; Refunds
If your buyer is entitled to a refund for a return or cancellation for a Managed Payments transaction, based on an agreement between you and the buyer or
according to eBay’s policies regarding such transaction, you authorize us to pay to the buyer the corresponding refund amount on your behalf.

eBay Buyer Protection Programs
eBay offers buyer protection programs on certain eBay Services to ensure that buyers receive the item they ordered or get their money back. Such programs
are referred to as “eBay Buyer Protection Programs,” and known in many jurisdictions as the “eBay Money Back Guarantee” (“eMBG”). You understand that if
your buyer successfully files a claim under such program for a Managed Payments transaction, the respective eBay company offering the eBay Buyer
Protection Program (“eMBG Service Provider”) will reimburse the buyer the amount owed on your behalf pursuant to the applicable User Agreement andeMBG policy. According to the applicable User Agreement and eMBG policy, you must reimburse the eMBG Service Provider for any such amounts.

Disputes
A buyer (or the owner of a payment instrument) may initiate a chargeback, direct debit reversal, or PayPal buyer protection claim, or otherwise asks theirfinancial institution to open a payment dispute (all referred to solely within this Part I as “Dispute”) in connection with a Managed Payments transaction. The
final outcome of the Dispute will be decided by the buyer’s financial institution.
We will manage Disputes, as follows: When a Dispute is opened, we will notify you and ask you whether you choose to accept or challenge the Dispute. If you
accept the Dispute, you agree to the reversal of the payment to the buyer. If you challenge the Dispute, eBay will submit to the financial institution any relevant
evidence you provide about the Dispute. You agree to provide timely information to assist in the Dispute resolution process and understand that your failure toprovide requested information on the timeline we require and as specified by credit and debit card networks' and other payment service providers' rules could
adversely impact the outcome of a Dispute investigation, up to complete forfeiture of the amounts in Dispute. If you accept the Dispute or if the buyer’s
financial institution decides in favor of the buyer, the respective amount will be refunded to the buyer's original payment method and charged to us. You must
reimburse us for such charges, unless you are eligible for seller protection in which case you are not held liable for amounts refunded to the buyer. If you
choose to accept the Dispute, we may still decide to challenge the Dispute in our discretion and at no additional costs to you.
Some payment institutions offer an optional arbitration process to contest the results of an individual Dispute. We may ask for your consent to participate insuch arbitration process. If you consent to chargeback arbitration, you authorize us to represent and defend you throughout the arbitration. You will be
responsible for all costs and expenses (including reasonable legal fees and any arbitration fees assessed by third parties, arising from such arbitration
proceedings), as agreed between you and us in each case, and you authorize us to pay these amounts on your behalf while the arbitration is pending.
You will not contest the resolution of any Dispute that we investigate and/or re-present, nor will you re-open resolved Dispute investigations. If you are a
consumer in the EU, UK or Australia, or a Small Business within the definition of Small Business Contract (as defined in s23 of Schedule 2 – Australian Consumer
Law of the Competition and Consumer Act 2010 (Cth)) (“Australian Small Business”) in Australia, your rights to file a complaint or to take legal action in court
remain unaffected.

Seller Protection
If you have met your eligibility requirements for, and fulfilled all your applicable obligations, under the Seller Protection policy, you will not be held liable for any
amounts to be returned to buyers due to eBay Buyer Protection Program claims, Disputes or unauthorized transactions with eBay spendable funds.

Fines, Penalties and Losses
We are unable to manage payments for prohibited and restricted items. Before listing your item, you must ensure it complies with eBay’s rules, applicable laws,
and any additional restrictions imposed by credit card associations, network rules, or third-party payments service providers that we may use.
You agree to indemnify and reimburse us for all reversals, chargebacks, claims, costs, losses, damages, fees, fines, penalties and other liabilities and expenses
incurred by us or brought against us by a third party arising out of (a) your breach of these Payments Terms of Use or the User Agreement including without
limitation any violation of eBay’s policies; (b) your violation of any law or the rights of a third party; or (c) any transaction processed by us for you for an item orservice you listed on eBay (including without limitation the accuracy of your item description or any claim or dispute arising out of items or services offered orsold by you).

Holds
We reserve the right to manage the risks associated with providing you the Payment Services, by placing restrictions on your access to your funds when
deemed necessary, as described in further detail below.
You agree that we may place holds on your funds or instruct a payment service provider to hold your funds, prior to disbursement. For the avoidance of doubt, if
you receive funds to either a stored value account issued to you under eBay’s Balance Terms and Conditions or to a payment account, a hold may also beplaced on such funds. If a hold is placed on your funds, the amount and status of the hold will be displayed under the Payments tab in the Seller Hub/My eBay.
We will notify you through the eBay Message Center and/or by email and, depending on the reason, may request additional information from you to help
resolve the issue. A hold may be placed if we have reason to believe there is an increased risk associated with the provision of our Payment Services or with acertain Managed Payment transaction, for example if we cannot verify your identity or if your buyer files a dispute. Please see our holds help page for moredetail on the hold types and examples. We take into consideration relevant factors when assessing the risks including selling history, seller performance,
returns and cancellations, chargebacks, riskiness of the listing category, transaction value, the ability to make direct debits from your Linked Financial
Account, and the filing of eBay Buyer Protection Program claims. We also may cancel or freeze the settlement of your proceeds as necessary to comply with
our legal obligations in connection with fraud prevention, risk management, or regulatory compliance, or, upon lawful request by our Affiliates, to enable themto comply with legal obligations applicable to them (such as compliance with tax-related obligations from EU DAC7 legislation). Any hold placed on your funds
will be lifted when the issue is resolved.
Unless your payout entity is eBay Sarl or ECUK, we may retain an amount that we reasonably believe may be necessary to pay for any refunds, reimbursements,
or other payments associated with returns, Disputes, or other post-transaction activities, when your eBay account is closed. Unless otherwise required by law,
we will settle any unused retained amounts to your Linked Financial Account within 180 days of your eBay account closure.

Your bank’s holds and settlement procedures may at times cause delays in the settlement of funds to your Linked Financial Account, and we do not havecontrol over these delays.

Reserves
In order to manage risk or secure your obligations under these Payments Terms of Use, we have the right to require a reserve of transaction proceeds. Thismeans that the respective portion of your funds is reserved as unavailable for disbursement. Reserves may be in the form of rolling and/or minimum reserves.
A rolling reserve is a reserve funded by withholding a set percentage of your transaction proceeds each day for a fixed period to be released to you later at
a scheduled time on a rolling basis. For example, we may require a rolling reserve of 10% for a period of 60 days. Under this requirement, 10% of yourtransaction proceeds earned on day 1 will be withheld from your payouts and then be released to you on day 61. Subsequently, 10% of your transaction
proceeds earned on day 2 will be withheld and then released to you on day 62, and so forth. Rolling reserves are the most common type of reserve.
A minimum reserve is a requirement to hold a specific amount of money in your reserve. A minimum reserve may be funded by contributing a set
percentage of your daily transaction proceeds to the reserve up to the minimum requirement, or by setting-off the entire amount of the minimum
requirement from your pending payouts. For example, if we require a minimum reserve of $5,000, the reserve may be funded by contributing 10% of yourtransaction proceeds to the reserve each day until the amount reaches $5,000. Alternatively, if your pending payouts equal or exceed $5,000, the minimum
reserve may be funded by setting off the reserve requirement from your pending payouts at one-time in full.
We may require a reserve if we have reason to believe there is an increased risk of non-fulfillment of your obligations under these Payments Terms of Use. We
take into consideration relevant risk factors before requiring a reserve, including, as applicable (i) your eBay account history, (ii) whether the category you arelisting in has a higher likelihood of chargebacks or refunds, (iii) whether your eBay account has an elevated number of customer claims or disputes, (iv) yourbusiness and/or personal credit history (business sellers may be subject to credit agency checks), (v) whether you are selling products in advance ofavailability (pre-selling orders), and (vi) whether you have extended delivery time frames. Depending on your performance and the risk associated with your useof Managed Payments, a reserve may be raised, lowered, or removed at any time. The amount of each reserve (and any subsequent change) will be reasonably
determined based on the seller-specific risk (including the volume of your sales). The amount and status of each reserve will be displayed under the Payments
tab in the Seller Hub/My eBay and we will notify you of any reserves we require of you.
If ECA is your Payout Entity, any reserve required of you is further subject to the Seller Reserve Terms and Conditions. By accepting these Payments Terms ofUse, you agree to the Seller Reserve Terms and Conditions to the extent they apply to you.

Our Liability
If we have acted with reasonable precautions and/or in accordance with our legal obligations, we are not liable for any unauthorized, incorrectly, unexecuted, ordelayed payment transactions when such issues were caused by abnormal and unforeseeable circumstances beyond our control.

Signature
In instances where we are required to collect your signature to meet anti-money laundering and/or other legal requirements, we may (where not prohibited byapplicable law) treat your acceptance of these Payments Terms of Use as the equivalent of you providing us your signature.

8. Security; Third-Party Providers; Data Protection
Security
You acknowledge the importance of the security measures we put in place with regards to Managed Payments, and agree to comply with them. You areresponsible for maintaining the security of all passwords, codes, or other login credentials used to access your eBay account and the related Payment
Services and, subject to eBay’s seller protection policies, for any transactions made or actions taken using your eBay account.
If you become aware of an unauthorized payment transaction or of a delayed or incorrectly executed transaction, you must notify us immediately by using acontact method stated in the “Introduction” of these Payments Terms of Use, above. If you notify us by telephone of such a transaction, we may request written
confirmation immediately following the notification. The notification shall be free of charge.

Third-Party Providers
We may use our Affiliates or third-party service providers (for example companies that process payments and disburse settlements, perform risk assessments
or compliance checks, verify identity, or validate payment or settlement methods) in different locations to assist us in providing Managed Payments. Our
Affiliates or third-party service providers may further outsource the services to other eBay Affiliates or third-party service providers. In this context we maytransfer your data to such eBay Affiliates or third-party service providers to whom services are outsourced. At times, we may communicate to you through theeBay Affiliate which provides the eBay Services to you. For example, our Affiliate may notify you of a hold or other restrictions taken on your account. As relating
to outsourced services, you hereby explicitly agree to our use of such eBay Affiliates or third-party service providers to assist us in providing Managed
Payments and the outsourcing of services in relation thereto (including the right to sub-outsource), and you accept that the obligation of secrecy does notexist with respect to the related transfer of data (e.g. contact details, account information, sales related information) to such eBay Affiliates and third-party
service providers. Our Affiliates and third-party service providers are either subject by law to a professional secrecy obligation, as provided by the law
applicable to the eBay Affiliates or third-party service providers, or will be contractually bound to comply with strict confidentiality rules. Customer datatransferred in accordance with these purposes will only be accessible to a limited number of persons within the relevant eBay Affiliates or third-party service
providers, on a need to know basis. Regardless of whether we use eBay Affiliates or third-party service providers, the appropriate eBay Payment Entity remains
responsible to you for the performance of the services contemplated under these Payments Terms of Use.
In conformity with our User Privacy Notice, we may also share information collected by us pursuant to these Payments Terms of Use with our Affiliates asnecessary to enable your continued use of our Payment Services and the eBay Services. Please view our User Privacy Notice for more information on thecollection and processing of personal data, including details on processing purposes and legal bases under applicable data protection laws.

Data Protection
Our performance of Payment Services entails the processing of your buyer’s personal data when a sale happens. With respect to such data processing, you,
the Responsible Payment Entity, and the Payout Entity each act as a separate data controller/business under the applicable data protection laws (which may
without limitation include, the General Data Protection Regulation, the California Consumer Privacy Act, or other data protection laws to which you are subject).
You agree to: comply with your obligations as a data controller/business pursuant to the applicable data protection laws, and provide us with all suchreasonable cooperation, information, and assistance as necessary for us to meet our requirements as a data controller/business.

9. Collection of Fees and Other Amounts You Owe
You authorize us to collect from you any amounts you owe us, our Affiliates (in particular the Affiliate which provides the eBay Services to you), or third parties
who, as separately authorized by you, provide services to you in connection with your use of the eBay Services (such as shipping carriers), under these
Payments Terms of Use, the User Agreement, any other service contract, policy, agreement or as required by law (referred to as “Owed Amounts”). Owed
Amounts typically include the following:Fees;
Amounts as described in “Returns and Cancellations; Refunds”, “Disputes” or “Fines, Penalties and Losses” in Section 7 above;
Amounts you owe the eMBG Service Provider under the applicable eMBG Policy;
Taxes or other charges related to your use of our or our Affiliates’ services, if applicable and required by law; andAmounts we incorrectly settled to you due to a payment processing error or otherwise (see Section 1 above).
For clarity, your authorization permits us to collect amounts which you already owe to us, our Affiliates or third parties as described above. This authorization
does not establish any new claims for payment against you. In some cases, our Affiliates may assign a claim against you for payment of Owed Amounts payable
by you to us.
Collection of the Owed Amounts may be carried out on a one-time, sporadic, or recurring basis by the following means:
Retaining such amounts from your current or future disbursements relating to any transactions that you may have in connection with any eBay accountowned by you;
Recouping from your Linked Financial Account (and if required, by issuing a direct debit mandate or other similar authorization);
Recouping from any other payment instrument or payment method you may have authorized or placed on file with us or our Affiliates (for example, to pay forseller fees, shipping labels, or dispute resolution);
Recouping from your stored value account, if a stored value account has been issued to you;
Recouping from your payment account, if a payment account has been issued to you (see Part III); andRetaining collections agencies or using other collections methods, if the collection by other means has been unsuccessful.
You authorize us to choose the method of collection among those listed above. We generally deduct Owed Amounts from your current or future
disbursements we process on your behalf. If a stored value account or payment account has been issued to you, we will deduct the Owed Amounts from funds
held in the relevant stored value account or payment account before disbursing the funds to you. If your disbursements awaiting payout or funds held are notsufficient to cover these amounts, we will charge your Linked Financial Account or another payment method on file. If you have several payment instruments on
file, you may indicate a specific payment instrument as your preferred payment method for collecting Owed Amounts in your eBay account.
You also authorize the Affiliate whom you have entered into the User Agreement with for the provision of eBay Services to charge you for any Owed Amounts
on our behalf from any payment method you may have on file with such Affiliate.
If you provide us with a SEPA/BACS direct debit mandate for debiting Owed Amounts from your bank account, any required advance notice will be given to you
at least three days prior to charging your bank account. At any point prior to you explicitly cancelling a SEPA/BACS direct debit mandate we have obtained
from you, we may deduct Owed Amounts based on such mandate. Unless you are a consumer in the EU or UK, you waive, to the extent possible underapplicable law, any rights you may have to receive advance notice of any particular preauthorized charge.
If our attempt to recoup an Owed Amount from a payment instrument you have authorized us to use fails as a result of your acts or omissions, we may charge
you for the failed attempt as set forth on the Fee Page or as applicable in Parts IV and V below.

10. Amendment
All sellers (except consumers in Germany)
We may amend these Payments Terms of Use by notifying you of the changes in writing (for example, by posting a revised version of these Payments Terms of
Use on our website, including the Seller Hub or the eBay Message Center). Before the anticipated effective date of such change, we will notify you at least
fourteen (14) days prior, ora. if your Payout Entity is eBay Sarl or ECUK, then two (2) months prior;b. if your Payout Entity is ECA, then thirty (30) days prior.
If you are a consumer (i.e., not a business) outside of Germany whose Payout Entity is eBay Sarl or ECUK, you will be deemed to have consented to thesechanges unless you explicitly reject them before the anticipated effective date. For all other sellers, your continued use of Managed Payments beyond theeffective date of the changes will constitute your acceptance of the changes.
Consumers in Germany
If you are a consumer in Germany, we may offer you changes to these Payments Terms of Use at any time. We will be notifying you in text-form, for example via
email, and/or the Seller Hub or the eBay Message Center of any proposed changes at least two (2) months before the anticipated effective date of suchchange.
The changes offered to you shall only become effective if you accept them as follows:
If a proposed change is a material change (as defined below), we will ask for your active consent to such a change.
If a proposed change is not a material change, you will be deemed to have consented to these changes unless you explicitly reject them by notice to us in
text form (e.g. via email) before the anticipated effective date. In case of such changes, we will inform you in the notice with which we offer you the changes
about the right of rejection, the period of time and your termination right (see subsection below).
A “material change” is a change of these Payments Terms of Use (especially with respect to provisions defining the type and general scope of the agreed
services or the term and termination) in our favor, which would significantly shift the balance between service and remuneration to your disadvantage or would
effectively establish an entirely new contract.

A change which is due to a requirement of law, a legally binding court decision or an injunction does not constitute a material change.
Termination right in case of amendments (all sellers)
If you do not agree to proposed changes, you may terminate these Payments Terms of Use, pursuant to Section 11 (“Term, Termination”) below, without any
extra cost at any time before the effective date. We always publish the amended Payments Terms of Use on the eBay website.

11. Term, Termination
These Payments Terms of Use are effective indefinitely, unless terminated in accordance with the below.
We may terminate these Payments Terms of Use by giving written notice fourteen (14) days prior or if eBay Sarl or ECUK is your Payout Entity, then two (2)months prior via email to your registered email address. However, we may also terminate these Payments Terms of Use on less notice or with immediate effectin the following scenarios:
We are required to do so by law or a court order,
A governmental authority requires us to do so to comply with anti-money laundering or counter-terrorism financing obligations,
We have reasonable grounds to believe you are carrying out a prohibited or illegal activity (including, but not limited to, financial crimes such as fraud,
bribery, corruption money laundering, or sanctions violations),
We are unable to verify your or your business’s identity, or any other information pertaining to you, or
You are otherwise in breach of a material contractual obligation of these Payments Terms of Use, or seriously or persistently violating any provisions ofthese terms in any other way.
If eBay Sarl or ECUK is your Payout Entity, you may terminate these Payments Terms of Use and close your payment account, without prejudice to thetermination events foreseen above, by giving one (1) month notice by notifying eBay Sarl preferably via email at payments@ebay.de or ECUK at
Paymentsinfouk@ebay.co.uk or by contacting the Customer Service via any of the available communication methods (e.g. Contact Us form, chat).
If eBay Sarl or ECUK is not your Payout Entity, you may terminate these Payments Terms of Use by closing your eBay account; if you use Managed Payments
after such termination, you will be deemed to have again accepted these Payments Terms of Use.
If you give notice of termination to one eBay Payment Entity, such notice shall also be deemed as a termination notice to the remaining eBay Payment Entities.
Your use of the eBay Services as a seller requires continued registration for Managed Payments. Should you therefore terminate this agreement, you will not beable to use the eBay Services provided by our Affiliates. Our Affiliates which provide you the eBay Services according to the User Agreement may terminate
the User Agreement pursuant to the termination provisions therein.
Termination of this Agreement shall not affect the rights or liabilities of either party accrued until termination and/or any terms intended (expressly or implicitly)
to survive termination, including your obligation to pay amounts owed to us relating to your activities prior to termination and our right to collect from you suchamounts in accordance with these Payments Terms of Use. If there are pending payment transactions at the time the termination takes effect, they will beprocessed pursuant to terms of these Payments Terms of Use unless prohibited by law. As of the effective date of the termination, you will not be able to sell
any items on eBay Services anymore.

12. Assignment
In our sole discretion, we may assign our rights and obligations under these Payments Terms of Use and, in such event, we will notify you accordingly.

II. ADDITIONAL TERMS FOR SERVICES PROVIDED BY eCI
In addition to the General Payments Terms above, the following provisions apply with respect to Payment Services you receive from eCI. Within this section,“we” or “us” refers to eCI.
As between you and eCI, these Payments Terms of Use incorporate by this reference the provisions of the User Agreement to the extent applicable to thisagreement. In the event of any conflict between the User Agreement and these Payments Terms of Use, these Payments Terms of Use will govern.
We may change, discontinue, enhance, or modify features of Managed Payments at any time.

1. Appointment of eCI as AgenteCI will receive payments on your behalf as your agent. You hereby appoint eCI as your agent for the limited purpose of receiving, holding and settling
payments for Managed Payments transactions.
A payment received by us from a buyer, on your behalf, satisfies the buyer’s obligation to you in the amount of the payment received, regardless of whether we
actually settle such payment to you. In the event that we do not make any such payment to you as described in these Payments Terms of Use, you will haverecourse against us only and not against the buyer, as such payment is deemed to be made by the buyer to you upon receipt by us. To the extent permissible
under the rules of any third-party or governmental body with jurisdiction over us, you agree that we are not liable for your acts and omissions and you
understand that we disclaim any such liability.

2. Receipt and Settlement of Funds
After a Managed Payments transaction occurs, you will receive a notification confirming such payment transaction. In certain instances, your transaction may
be declined, frozen, or held for any reason including for suspected fraud, high risk or potential violation of any regulation, compliance with economic ortrade sanctions, eBay or eCI policies, or a policy of one of our third-party payments services providers.
Funds received by us on your behalf represent an unsecured claim for payment against us, but do not constitute deposits; nor are these amounts eligible for
FDIC pass-through insurance. eCI may combine your funds with the funds of other eCI customers in pooled custodial accounts and invest the funds inaccordance with state money transmitter laws. You do not have any ownership interest in these investments and any interest earned from these investments
will be retained by us. To the extent you may have any beneficial ownership in the interest or proceeds of these investments, your acceptance of these terms
constitutes an assignment of any right, title or interest therein to us.

If we are your Payout Entity, we will initiate settlement of proceeds received to your Linked Financial Account. We may, in our sole discretion, offer you theoption to receive your proceeds to a stored value account issued to you by us. Your transaction proceeds, other than those being held in accordance withthese Payments Terms of Use, and subject to the estimated settlement times set forth in the next sentence, will be aggregated to a batch for settlement to you
on a regular basis (for example, a single daily settlement for all transactions ready for disbursement to you that day), unless otherwise requested by you andagreed to by us. We anticipate that Managed Payments transaction proceeds will generally be settled to your Linked Financial Account approximately two toseven business days after the buyer's transaction, although actual settlement times may vary for individual transactions based on circumstances such as yourbank’s processing times. Notwithstanding the foregoing, when you onboard to Managed Payments, we may initially place you on a different payout schedule(no less frequently than monthly) and will communicate the applicable payout schedule to you in My eBay or Seller Hub.
We may diverge from this procedure as needed for compliance or operational reasons. If we are unable to settle the Managed Payments proceeds, then,depending on the reason why we are unable to settle the proceeds, we may refund the buyer or otherwise process these funds in accordance with applicablelaw, including abandoned property laws, such as by escheating funds to a governmental body after the passage of an applicable period of time, or our policies.

3. Authorization for Collection of Owed Amounts
You hereby authorize eCI to debit or charge any Owed Amount from your Linked Financial Account or any other payment method you have on file with us,
including your stored value account (if stored value has been issued to you). Your authorization will remain in full force and effect until the earlier occurrenceof: our receipt from you of any written communication that revokes such authorization, or upon the closure or termination of your eBay account.
To the extent permitted by law, you hereby irrevocably sell, assign, grant, convey and transfer to eBay and its Affiliates, as applicable, all of your rights, title, andinterests in any and all accounts receivable, payments of money, and general intangibles owed in your favor to satisfy any and all obligations or liabilities you
owe to eBay or its applicable Affiliate in connection with your use of Managed Payments and eBay Services for the sale of goods or services to your Buyers.

4. Legal Disputes
PLEASE READ THIS SECTION CAREFULLY. IT AFFECTS YOUR RIGHTS AND WILL HAVE A SUBSTANTIAL IMPACT ON HOW CLAIMS YOU AND eCI HAVE AGAINSTEACH OTHER ARE RESOLVED.
You and eCI agree that any claim or dispute at law or equity that has arisen, or may arise, between you and eCI (or any related third parties) that relates in any
way to or arises out of this or previous versions of these Payments Terms of Use, your use of or access to Managed Payments, or the actions of eCI or its
agents, will be resolved in accordance with the provisions set forth in this Legal Disputes Section. Any translation of these Payments Terms of Use and all
related documents is done for our users’ convenience and in the event of a dispute between the English and any Chinese-language versions, the English
version of these Payments Terms of Use and all related documents shall govern.

A. Applicable Law
You agree that, except to the extent inconsistent with or preempted by federal law, the laws of the State of Utah, without regard to principles of conflict of laws,
will govern these Payments Terms of Use and any claim or dispute that has arisen or may arise between you and eCI, except as otherwise stated in these
Payments Terms of Use.

B. Agreement to Arbitrate
You and eCI each agree that any and all disputes or claims that have arisen, or may arise, between you and eCI (or any related third parties) that relate in any
way to or arise out of this or previous versions of these Payments Terms of Use, your use of or access to Managed Payments, the actions of eCI or its agents,
or any products or services sold, offered, or purchased through the Services shall be resolved exclusively through final and binding arbitration, rather than incourt. In this Legal Disputes Section, the term “related third parties” includes your and eCI’s respective affiliates, subsidiaries, parent companies,
predecessors, successors, assigns, as well as your, eCI’s, and these entities’ employees and agents. Alternatively, you may assert your claims in small claims
court, if your claims qualify and so long as the matter remains in such court and advances only on an individual (non-class, non-representative) basis. The
Federal Arbitration Act governs the interpretation and enforcement of this Agreement to Arbitrate.

1. Prohibition of Class and Representative Actions and Non-Individualized Relief
YOU AND ECI AGREE THAT EACH OF US MAY BRING CLAIMS AGAINST THE OTHER ONLY ON AN INDIVIDUAL BASIS AND NOT AS A PLAINTIFF OR CLASSMEMBER IN ANY PURPORTED CLASS, OR REPRESENTATIVE OR PRIVATE ATTORNEY GENERAL ACTION OR PROCEEDING. UNLESS BOTH YOU AND ECIAGREE OTHERWISE, THE ARBITRATOR MAY NOT CONSOLIDATE OR JOIN MORE THAN ONE PERSON'S OR PARTY'S CLAIMS, AND MAY NOT OTHERWISEPRESIDE OVER ANY FORM OF A CONSOLIDATED, REPRESENTATIVE, CLASS, OR PRIVATE ATTORNEY GENERAL ACTION OR PROCEEDING. ALSO, THE
ARBITRATOR MAY AWARD RELIEF (INCLUDING MONETARY, INJUNCTIVE, AND DECLARATORY RELIEF) ONLY IN FAVOR OF THE INDIVIDUAL PARTY
SEEKING RELIEF AND ONLY TO THE EXTENT NECESSARY TO PROVIDE RELIEF NECESSITATED BY THAT PARTY'S INDIVIDUAL CLAIM(S). ANY RELIEF
AWARDED CANNOT AFFECT OTHER USERS. If a court decides that applicable law precludes enforcement of any of this paragraph's limitations as to aparticular claim or a particular request for a remedy (such as a request for injunctive relief), then that claim or that remedy request (and only that claim orthat remedy request) must be severed from the arbitration and may be brought in court, subject to your and eCI’s right to appeal the court's decision. Allother claims will be arbitrated.

2. Arbitration Procedures
Arbitration is more informal than a lawsuit in court. Arbitration uses a neutral arbitrator instead of a judge or jury, and court review of an arbitration award isvery limited. However, an arbitrator can award the same damages and relief on an individualized basis that a court can award to an individual. An arbitrator
should apply the terms of these Payments Terms of Use as a court would. All issues are for the arbitrator to decide, except that issues relating toarbitrability, the scope or enforceability of this Agreement to Arbitrate, or the interpretation of Section 1 of this Agreement to Arbitrate ("Prohibition of Classand Representative Actions and Non-Individualized Relief"), shall be for a court of competent jurisdiction to decide.
The arbitration will be conducted by the American Arbitration Association ("AAA") under its rules and procedures, including the AAA's Consumer Arbitration
Rules and the AAA’s Commercial Arbitration Rules (as applicable), as modified by this Agreement to Arbitrate. The AAA's rules are available at www.adr.org.
In the event that the AAA is unavailable to administer the arbitration, another administrator will be selected by the parties or the court.

A party who intends to seek arbitration must first send to the other, by certified mail, a valid Notice of Dispute ("Notice"), which may be downloaded at thislink: http://p.ebaystatic.com/aw/help/legal/Notice_of_Dispute.pdf. The Notice to eCI must be sent to eBay Inc., Attn: Litigation Department, Re: Notice of
Dispute, 583 W. eBay Way, Draper, UT 84020. Any such Notice addressed to and received by eBay will also be deemed to be received by eCI, if such Notice
regards services offered by eCI. eCI will send any Notice to you to the physical address we have on file associated with your eBay account; it is yourresponsibility to keep your physical address up to date. To be valid, you must personally sign the Notice and complete all information on the Notice form,
including a description of the nature and basis of the claims the party is asserting, the specific relief sought, and the email address and phone number
associated with your account.
If you and eCI are unable to resolve the claims described in a valid Notice within 30 days after eCI receives the Notice, you or eCI may initiate arbitration
proceedings. A form for initiating arbitration proceedings is available on the AAA's site at www.adr.org. In addition to filing this form with the AAA inaccordance with its rules and procedures, the party initiating the arbitration must mail a copy of the completed form to the opposing party. You may send a
copy to eCI at the following address: eBay Commerce Inc. c/o CT Corporation System, 1108 E South Union Ave., Midvale, UT 84047. In the event eCI initiates
an arbitration against you, it will send a copy of the completed form to the physical address we have on file associated with your eBay account. Any
settlement offer made by you or eCI shall not be disclosed to the arbitrator.
Where no disclosed claims or counterclaims exceed $25,000, the dispute shall be resolved by the submission of documents only, subject to thearbitrator's discretion to require an in-person hearing, if the circumstances warrant. In cases where an in-person hearing is held, you and/or eCI may attend
by telephone, unless the arbitrator requires otherwise.
The arbitrator will decide the substance of all claims in accordance with applicable law, including recognized principles of equity, and will honor all claimsof privilege recognized by law. The arbitrator shall not be bound by rulings in prior arbitrations involving different users, but is bound by rulings in priorarbitrations involving the same eCI user to the extent required by applicable law. The arbitrator's award shall be final and binding and judgment on the award
rendered by the arbitrator may be entered in any court having jurisdiction thereof.
3. Costs of Arbitration
Payment of all filing, administration and arbitrator fees will be governed by the AAA's rules, unless otherwise stated in this Agreement to Arbitrate. If you
complied with the Notice of Dispute procedures of Section 2 of this Agreement to Arbitrate (“Arbitration Procedures”) and the value of the relief sought is$10,000 or less, at your request, eCI will pay all administration, and arbitrator fees associated with the arbitration. Any request for payment of fees by eCIshould be submitted by mail to the AAA along with your Demand for Arbitration and eCI will make arrangements to pay administration and arbitrator fees
directly to the AAA. In the event the arbitrator determines the claim(s) you assert in the arbitration to be frivolous, you agree to reimburse eCI for all fees
associated with the arbitration paid by eCI on your behalf that you otherwise would be obligated to pay under the AAA's rules. eCI will pay as much of thefiling, administration, and arbitrator fees as the arbitrator deems necessary to prevent the cost of accessing the arbitration forum from being prohibitive.

4. Severability
With the exception of any of the provisions in Section 1 of this Agreement to Arbitrate ("Prohibition of Class and Representative Actions and NonIndividualized Relief"), if an arbitrator or court decides that any part of this Agreement to Arbitrate is invalid or unenforceable, the other parts of thisAgreement to Arbitrate shall still apply.

5. Opt-Out Procedure
IF YOU ARE A NEW USER OF OUR PAYMENT SERVICES, YOU CAN CHOOSE TO REJECT THIS AGREEMENT TO ARBITRATE ("OPT-OUT") BY MAILING US A
WRITTEN OPT-OUT NOTICE ("OPT-OUT NOTICE"). THE OPT-OUT NOTICE MUST BE POSTMARKED NO LATER THAN 30 DAYS AFTER THE DATE YOUACCEPT THESE PAYMENTS TERMS OF USE FOR THE FIRST TIME. YOU MUST MAIL THE OPT-OUT NOTICE TO EBAY INC., ATTN: LITIGATION DEPARTMENT,
RE: OPT-OUT NOTICE, 583 WEST EBAY WAY, DRAPER, UT 84020. ANY SUCH OPT-OUT NOTICE ADDRESSED TO AND RECEIVED BY EBAY WILL ALSO BE
DEEMED TO BE RECEIVED BY ECI, IF SUCH OPT-OUT NOTICE REGARDS SERVICES OFFERED BY ECI.
For your convenience, we are providing an Opt-Out Notice form. You must complete and mail that to us in order to opt out of the Agreement to Arbitrate.
You must complete the Opt-Out Notice form by providing the information called for in the form, including your name, address (including street address,
city, state and zip code), and the user ID(s) and email address(es) associated with the eBay Service account(s) to which the opt-out applies. You must sign
the Opt-Out Notice for it to be effective. This procedure is the only way you can opt out of the Agreement to Arbitrate. If you opt out of the Agreement toArbitrate, all other parts of these Payments Terms of Use and its Legal Disputes Section will continue to apply to you. Opting out of this Agreement toArbitrate has no effect on any previous, other, or future arbitration agreements that you may have with us.

6. Future Amendments to the Agreement to Arbitrate
Notwithstanding any provision in the User Agreement or these Payments Terms of Use to the contrary, you and we agree that if we make any amendment tothis Agreement to Arbitrate (other than an amendment to any notice address or site link provided herein) in the future, that amendment shall not apply to
any claim that was filed in a legal proceeding against eCI prior to the effective date of the amendment. The amendment shall apply to all other disputes orclaims governed by the Agreement to Arbitrate that have arisen or may arise between you and eCI. We will notify you of amendments to this Agreement toArbitrate by posting the amended terms on www.eBay.com at least 30 days before the effective date of the amendments and by providing notice throughthe eBay Message Center and/or by email. If you do not agree to these amended terms, you may close your account within the 30-day period and you will
not be bound by the amended terms.

C. Judicial Forum for Legal Disputes
Unless you and we agree otherwise, in the event that the Agreement to Arbitrate above is found not to apply to you or to a particular claim or dispute, either asa result of your decision to opt out of the Agreement to Arbitrate or as a result of a decision by the arbitrator or a court order, you agree that any claim or
dispute that has arisen or may arise between you and eCI must be resolved exclusively by a state or federal court located in Salt Lake County, Utah. You andeCI agree to submit to the personal jurisdiction of the courts located within Salt Lake County, Utah for the purpose of litigating all such claims or disputes.

III. ADDITIONAL TERMS FOR SERVICES PROVIDED BY EBAY SARLIn addition to the General Payments Terms above, the following provisions apply with respect to Payment Services you receive from eBay Sarl. Within thissection, “we” or “us” refers to eBay Sarl.

As between you and eBay Sarl, these Payments Terms of Use incorporate by this reference the provisions of the User Agreement to the extent applicable tothis agreement. In the event of any conflict between the User Agreement and these Payments Terms of Use, these Payments Terms of Use will govern.

1. Payment Service; Disabling Payment Methods
You authorize eBay Sarl to acquire and settle payments that it receives on your behalf. When you sell an item on eBay, you are deemed to be a payee, with eBay
Sarl acting as your payment service provider. In a refund, chargeback, or similar scenario, or if you use your funds to pay, you may be deemed to be a payer,
again with eBay Sarl acting as your payment service provider. If eBay Sarl is your Payout Entity, eBay Sarl will open and hold a payment account for you.
The acceptance of a buyer’s payment instrument (for example, their Visa card), once it has been authorized for payment, satisfies the buyer’s payment
obligation to you, regardless of whether we actually settle such payment to you. In the event that we do not make any such payment to you as described inthese Payments Terms of Use, you will have recourse against us only and not against the buyer. To the extent permissible under the rules of any third-party or
governmental body with jurisdiction over us, you agree that we are not liable for your acts and omissions and you understand that we disclaim any such liability.
We may disable specific payment method(s) available to buyers for all or some of your listings if we reasonably believe the use of such payment methods foryour transactions will increase regulatory, financial, or other risk to us. For example, if you would like to offer a high-priced item with a new eBay account, we
may disable such payment methods where the amount is credited with a time delay after the transaction (e.g. direct debit or payment upon invoice). In
assessing the risk, we consider relevant factors such as your sales history, service status, eBay account history, risks associated with certain item categories,
transaction value, and number and monetary amounts of eBay Buyer Protection cases. We will re-enable the affected payment method(s) for your listings once
the risk no longer exists.

2. Execution of Payment Transactions
When you, as a payee or payer, use Managed Payments, the payment transactions will be executed in accordance with the payment schemes rules andprocedures, or as otherwise agreed.

Required Information
Your payer (for example, the buyer of an item you sell on eBay) must ensure we are provided with the data required for us to execute the payment transaction. If
we do not have sufficient data to execute such transaction, we reserve the right to ask your payer’s payment service provider for the required information.
We require the following information for the execution of a payment transaction:
Your name,Your eBay username,
The buyer’s name (where applicable),
The buyer’s eBay username, and any other data about the buyer which the buyer’s payment service provider or we may require (where applicable),
The currency of the payment transaction (if possible, in abbreviated form),
The amount of the payment transaction, andThe beneficiary’s payment details.
We may also require specific information, such as a one-time authorization code sent to your verified phone number or email address, to authenticate apayment transaction (or to allow you to access certain information related to Managed Payments on eBay).
To the extent reasonably possible, we will automatically utilize the information stored in our systems. Where the required information provided by you or yourpayer is not fully available or is inaccurate, we will not bear any liability for any damage, delay, or other consequence from the non-execution or defective
execution of the relevant payment transaction.

Receipt of Payment Orders
A payment order will be deemed to have been received by us if:
Carried out by means of a payment card, then in accordance with the card schemes rules; orReceived by our available electronic communication channels, then on the business day when it is actually received by us.
If the payment order is not received on a business day, it will be deemed to be received on the next business day. “Business days” in this Part III of these
Payments Terms of Use shall mean the days on which banks in Luxembourg are open for regular business.
You may not revoke a payment order after we have received it. However, if we have agreed that a payment order will be executed on a certain future date, thebusiness day prior to this future date will be the latest you can revoke the payment order.

Refusal of Payment Orders
We reserve the right to refuse the execution of a payment order when:
The payment order information contains factual errors and/or is incomplete;
You have not satisfied your obligations under these Payments Terms of Use or any other agreement between you and us;
There are doubts about the validity of the instruction, or the identity or authority of the person giving the payment order; or
The payment order, if executed, would lead to a breach of the applicable rules, laws, or regulations.
We may charge a reasonable fee for such a refusal.
You acknowledge that when executing a payment transaction, we may have to disclose information mentioned above and your legal address to the otherparty’s payment service provider and, where relevant, also to intermediaries involved in the execution of the payment transaction. You expressly accept andinstruct us to disclose such data.
Where you are the payer, the execution of the transaction may depend on us having received the respective amount from you prior to the execution.

3. Settlement of Funds
If we are your Payout Entity, we will initiate settlement of proceeds received to your Linked Financial Account. Your payments will generally be initiated either
automatically according to the schedule you have pre-selected or “on demand” based on an individual payment instruction we receive from you. However, if
your payment account is not configured to include a regularly scheduled settlement, we may periodically sweep available funds out of your payment accountand send them to your Linked Financial Account.
Your transaction proceeds, other than those being held in accordance with these Payments Terms of Use, will be aggregated to a batch for settlement to you
according to the payout schedule agreed with you. For example, if you select weekly payouts, a single settlement will be initiated automatically once a week
for all transactions ready for disbursement to you on that day. If you request a payout on demand, a single settlement will be initiated for all transactions readyfor disbursement to you on that day. You may be able to choose to have only a portion of your available transaction proceeds paid out to your Linked Financial
Account, leaving the rest in your payment account. We anticipate that your transaction proceeds will be available on your payment account and ready for
disbursement approximately one to two business days after the buyer's completion of the order, although actual availability may vary for individual transactions
depending on the buyer’s payment method, and when the payment transaction is received by us. We may diverge from the agreed settlement process asneeded for compliance or risk reasons. The balance on your payment account is not a deposit. You will not receive interest or any other earnings on the money
held in your payment account.
If we are unable to settle your proceeds, then, depending on the reason why we are unable to settle your proceeds, we may refund the buyer (e.g., in the eventthat we cannot process your information due to technical reasons etc.) or otherwise process these funds in accordance with applicable law.
We will provide you with monthly statements of your transactions free of charge, which can be accessed in the Seller Hub.

4. Liability for Unauthorized Payment Transactions
You will be fully liable for all losses relating to an unauthorized payment transaction if you acted fraudulently with respect to such a payment transaction, or if
you failed to fulfill one or more of the obligations under this agreement (such as keeping your credentials safe or notifying us without undue delay) with intent or
gross negligence.

5. Our Liability
We will refund you in full and are liable for losses directly and reasonably foreseeably incurred by an incorrectly or non-executed payment transaction,
provided that you have informed us of such transaction without undue delay after becoming aware of the defect and in no event later than thirteen (13) months
after the transaction was executed, unless we failed to make information about the transaction available to you.
We are liable for damages suffered as a result of willful misconduct or gross negligence. In case of minor negligence, we are only liable for (a) damages
resulting from injury to life, body, or health; or (b) foreseeable typically occurring damages resulting from the breach of an essential contractual obligation. Any
further liability is excluded.
If you are a business using the Payment Services, unforeseeable damages in accordance with the above include (but are not limited to) loss of goodwill or
reputation, direct or indirect loss of profits, loss of data, loss of business and other intangible losses. You also explicitly agree that as a business you may notbenefit from the rights and liability regimes deriving from the legal provisions with regard to payment services (Articles 79(1), 81(3), 86, 88 to 90, 93 and 101 of
the Luxembourg Law of 10 November 2009 on payment services) in the event of non-execution or defective execution of Payment Services under thisagreement, meaning we are not liable to you for the losses or damage you may suffer under those provisions.

6. Shipping Labels
If buyers purchase a return shipping label at their own expense on the eBay website, eBay may automatically deduct the label costs from the refund amount abuyer receives from you. If this occurs, you agree (as a debtor to the buyer for the refund) to be delegated as a debtor to the shipping carrier for the label costs,
and authorize us to use the relevant part of the refund amount to pay the shipping carrier on your behalf. You will not bear any additional shipping costs in thisevent.

7. Klarna
On certain European eBay sites, buyers may choose a Klarna Payment Method to pay the purchase price for any item you sell them. You hereby agree to andshall comply with the terms and conditions for Klarna Payment Methods (“Klarna Payment Methods Terms”), which shall form an integral part of these Payments
Terms of Use. Subject to the following, you agree to sell and assign your purchase price claims against buyers who choose a Klarna Payment Method to eBay
Sarl, which will then sell and assign these claims to Klarna Bank AB (publ), Sveavägen 46, 111 34 Stockholm, Sweden (“Klarna”) based on an assignment-chain via
our acquirer, e.g. Adyen N.V. (“Acquirer”). The buyers who use a Klarna Payment Method will make their payments to Klarna, which will forward the payments toeBay Sarl via the Acquirer, so that eBay Sarl will process and settle such payments according to these Payments Terms of Use.

7.1. Contractual object and scope
7.1.1 These Klarna Payment Methods Terms shall apply in addition to the other terms and conditions agreed between you and eBay Sarl in these Payments Termsof Use and, in the event of a conflict, shall prevail over such other terms and conditions in these Payments Terms of Use.
7.1.2 Klarna is a payment institution that is constantly supervised and officially licensed by Finansinspektionen, the Swedish Financial Supervisory Authority.
Klarna offers payment methods for integration on eBay Services. The payment methods offered by Klarna ("Klarna Payment Methods") include payment by
invoice and payment by installments. Your buyers who purchase items on eBay Services may use the currently available Klarna Payment Methods offered byeBay to settle the purchase price claim.
7.1.3 If your respective buyer chooses one of the Klarna Payment Methods in connection with a sales contract on the eBay Services (“Sales Contract”), eBay Sarl
acquires your purchase price claims against your buyers including all ancillary rights and will sell and assign these to the Acquirer. The Acquirer will then sell
and assign the purchased claims to Klarna, who will assume the payment default risk in accordance with the following provisions. This arrangement is further
referred to as “Chain Factoring”.
7.1.4 Klarna and the Acquirer will not be a party to and not have any obligation under these Payments Terms of Use or any other agreement between you andeBay Sarl, eBay, the buyer or any third party.

7.2. Integration of the Klarna Terms of Payment and the Klarna Privacy Notice
In case of payment by invoice, you shall conclude with each buyer the Klarna terms for payment by invoice (“Klarna Pay Later Terms”) for the buyer’s use ofKlarna Payment Methods, as available online at https://cdn.klarna.com/1.0/shared/content/legal/terms/27220/de_de/invoice?fee=0. You hereby agree andaccept that the Klarna Pay Later Terms shall become an integral part of each Sales Contract where the buyer uses the Klarna Payment Method payment by
invoice. Also, the Klarna Data Privacy Notice (“Klarna-PN”) shall be made available to any buyer using a Klarna Payment Method. You hereby agree that Klarna
has the Klarna Pay Later Terms and the Klarna-PN implemented into the payment check-out of the Klarna Payment Methods and instruct Klarna to have theKlarna Pay Later Terms and the Klarna-PN made available to the buyer on your behalf.

7.3. Purchase and Assignment of Seller Receivables
7.3.1 You agree that each receivable against your respective buyer in connection with a Sales Contract where your buyer has chosen a Klarna Payment Method
and which is nominated in EUR (jointly the “Seller Receivables” and each a “Seller Receivable”) will automatically be offered to eBay Sarl for purchase after
conclusion of each Sales Contract. eBay Sarl will either accept your offer by proceeding with the payment process, or reject your offer. Such offer andacceptance will conclude a purchase agreement between you and eBay Sarl (“Single Purchase Agreement”) regarding the relevant Seller Receivable which ispurchased (the “Purchased Receivable”) in accordance with these Klarna Payment Methods Terms.
7.3.2 You hereby assign, subject to the conclusion of a Single Purchase Agreement, all your current and future Seller Receivables including ancillary rights(such as rights for any securities, transport and deficiency insurance claims, withdrawal or rescission rights, or other claims against third parties with respect tothe relevant Seller Receivable) to eBay Sarl, and eBay Sarl hereby accepts the assignment.
7.3.3 Upon conclusion of a Single Purchase Agreement, you and eBay Sarl reiterate the assignment of the relevant receivable identified through thetransaction-ID in the purchase offer whereby the purchase offer constitutes an offer to assign the relevant receivable from you to eBay Sarl and the acceptanceof purchase offer constitutes an acceptance of this offer by eBay Sarl.
7.3.4 In case there is any doubt about the validity of the assignment of the Seller Receivables and this requires any further declaration or action by you, you will
execute such declaration or action upon request of eBay Sarl.
7.3.5 You irrevocably authorize eBay Sarl with the power of sub-delegation to notify the relevant buyer regarding the assignment of the Seller Receivable and to
exercise non-assignable rights, such as contractual rights, in connection with the Seller Receivables in its own name.

7.4. Collection Risk/Collection
7.4.1 Except in a case of a Defect Receivable pursuant to section 7.6.1, eBay Sarl bears the risk that the Purchased Receivables are not collectable from therespective buyer in part or in full, in particular caused by the insolvency of the buyer. eBay Sarl will pay the purchase price (minus the agreed fees and expensesof eBay Sarl) for the relevant Purchased Receivable regardless of whether it chooses to enforce the relevant Purchased Receivable.
7.4.2 The collection and enforcement of the Purchased Receivables is the responsibility of eBay Sarl. eBay Sarl shall bear any and all costs in this regard.
7.4.3 eBay Sarl will transfer the economic risks of the obligations described in section 7.4.1 and 7.4.2 to the Acquirer and consequently to Klarna in accordancewith the Chain Factoring as described in section 7.1.3.

7.5 Representations and Warranties
7.5.1 Every time upon entering into a Single Purchase Agreement concerning a Purchased Receivable, you represent and warrant to eBay Sarl thati. the Purchased Receivable is valid, validly assigned to eBay Sarl and enforceable against the buyer;
ii. you hold free and clear title to, and may freely assign and transfer, the Purchased Receivable, and the Purchased Receivable has not yet been assigned ortransferred to third parties; andiii. you will ship, deliver or provide the respective item(s) to the relevant buyer completely, on time and in accordance with the Sales Contract with therespective buyer in order that the respective buyer is not able to exercise any right or claim of retention, set-off, supplementary performance, reduction,
recession right or damage claims.
7.5.2 Each of these representations and warranties to eBay Sarl with respect to a Single Purchase Agreement will be provided by eBay Sarl to the Acquirer (andby the Acquirer to Klarna) back-to-back in accordance with the Chain Factoring arrangement.

7.6. Assignment of Purchased Receivables back to You/Disputes
7.6.1 If the relevant Purchased Receivable fulfills one of the following criteria (the “Defect Receivable”):
a. the buyer reverses the Sales Contract on the basis of a mandatory withdrawal right or a voluntary right of return offered by you;b. in case of an eMBG claim or a payment dispute; for example, if the buyer objects to a Purchased Receivable, if - upon request of eBay Sarl - you do notprovide valid proof of shipment or delivery or other proper performance to eBay Sarl in accordance with the Seller Protection Policy;
c. you are in breach of a representation and warranty pursuant to section 7.5.1 in respect of the Purchased Receivable;
or in any other case where you give a refund to a buyer for any Purchased Receivable (“Refunded Receivable”), and the Acquirer consequently decides to use
its right to assign back the relevant Defect/Refunded Receivable to eBay Sarl, eBay Sarl is entitled to assign back any Defect/Refunded Receivable to you.
7.6.2 eBay Sarl hereby assigns all current and future Defect/Refunded Receivables to you subject to the condition precedent in section 7.6.3 below and you
hereby accept the assignment of all current and future Defect/Refunded Receivables.
7.6.3 The assignment of the relevant Defect/Refunded Receivable above is subject to the condition precedent that eBay Sarl notifies you of the re-assignment(the “Re-Assignment Notice”).
7.6.4 You are obliged to pay back any purchase price which you have received for the Defect/Refunded Receivable from eBay Sarl without undue delay after
eBay Sarl has provided the relevant Re-Assignment Notice. eBay Sarl is entitled to set-off this claim which you are obliged to pay to eBay Sarl with any further
payment which eBay Sarl is obliged to pay to you.

7.7. Information and Assistance Obligations/General Provisions

7.7.1 You shall undertake to inform eBay Sarl promptly upon becoming aware of (i) any breach of a representation and warranty according to section 7.5.1
regarding any Purchased Receivable or (ii) any other event that may materially impair or jeopardise the realisation of the Purchased Receivables or mightmaterially change your solvency or, subject to you becoming aware of it, the probability of payment of the Purchased Receivables by the buyer.
7.7.2 In case you receive any direct payments from a buyer on the Purchased Receivable, you shall reject these received payments and refund the buyer, andnotify the payer that payment shall be made to Klarna. You shall notify eBay Sarl of any rejected payments on the Purchased Receivables.
7.7.3 Upon eBay Sarl’s request, you shall promptly hand over to eBay Sarl, the Acquirer, and/or Klarna any information, records and documents which arenecessary or expedient for the examination and the enforcement of the Purchased Receivables.

8. Corrective Measures
If we become aware of suspected or actual fraud or other security threats affecting your eBay account, we will notify you by email and provide you with
instructions on how to protect such account.

9. Financial Regulations Consent
eBay Sarl will share information you provided to eBay Sarl with our Affiliates or third parties only for the purpose of such Affiliates and third parties assisting usin providing Managed Payments as described in Part I, Section 8 (Third party Providers), or in accordance with the following consent.
You expressly consent to eBay Sarl sharing your information with our Affiliates or third parties under the conditions and for the purposes as described below.
By sharing this information, we and the respective Affiliate will be able to comply with applicable law. This will allow us and our Affiliates to continue to provide
our services to you.
We may share your information with eBay GmbH or other eBay Affiliates which are obligated under the Digital Services Act (Regulation (EU) 2022/2065 of
the European Parliament and of the Council of 19 October 2022 on a Single Market For Digital Services and amending Directive 2000/31/EC) to obtain suchinformation from you. The Digital Services Act obligates online platform providers like eBay to obtain and validate certain information from professional
sellers offering goods and services to consumers in the EU. Such information can among others include identification information about you (including forexample a copy of your identification document or an equivalent electronic document), information on your account with us (including information related
to your Linked Financial Account), as well as the results of any verification of such information performed by us.
We may share with eBay GmbH (the entity providing the eBay Services to customers in the EU under the User Agreement) your Linked Financial Accountinformation and the total amounts paid to you in a given quarter including amounts withheld for fees and taxes, as well as any other information about you toallow eBay GmbH to comply with its obligations under the EU DAC7 tax directive (Council Directive (EU) 2021/514 of 22 March 2021 amending Directive
2011/16/EU on administrative cooperation in the field of taxation). Under this directive as transposed into national law, eBay GmbH is required to collectcustomer information for certain sellers and report this to EU tax authorities.
We may share with eBay Inc. (the entity that facilitates the offer, sale, and purchase of goods and services on the eBay.com e-commerce marketplace) yourLinked Financial Account information to enable eBay Inc. to comply with United States federal and state laws that require online marketplaces to collect andverify certain information regarding high-volume third party sellers of consumer products on such online marketplaces. These laws include the UnitedStates INFORM Consumers Act (H.R. 2617 – 117th Congress (2021-2022)) and any such substantially similar laws as may be adopted in the United States fromtime to time.
We may, directly or through our Affiliates, disclose account information to intellectual property rights owners on the basis of applicable national law of an
EU member state in an out-of-court disclosure process, in the event of an infringement of their intellectual property rights for which our payment services
have been used (including, but not limited to, Art. 19 of the German Trademark Act).
We may disclose to tax authorities in the EU your account information and details on your cross-border payment transactions, as well as any otherinformation required to comply with our obligations under the CESOP Directive (Council Directive (EU) 2020/284 of 18 February 2020 amending Directive
2006/112/EC), as transposed into national law in the EU Member States.

10. General Provisions
Exclusion of Certain Provisions for Non-Consumers
If you are a business which uses the Payment Services, you agree that Articles 79 (1), 81 (3), 86, 88, 89, 90, 93, and 101 and Title III of the Law of 10 November
2009 on payment services shall not apply to your use of the Payment Services.

Individuals
If you are an individual acting in your own capacity and not on behalf of a business, you may not use the Payment Services to receive or transfer funds on behalfof another natural person or a legal entity.

Complaints
Any complaints about eBay Sarl or the services it provides should first be addressed to eBay Sarl. You agree that all responses from eBay Sarl relating to suchcomplaints may be sent to you by email.
Should you not be satisfied with eBay Sarl’s responses, you may also escalate your complaint to the CSSF (www.cssf.lu), which is the competent authority toreceive out-of-court complaints by customers of payment service providers authorized in Luxembourg. For further information please refer to our Complaints
Procedure.

Communication
We will communicate with you in the language(s) in which we provided these Payments Terms of Use to you. You agree that we may give you notice or otherinformation by posting it in your eBay Account, emailing it to your registered email address, mailing it to your registered physical address, calling your phone
number, or sending you mobile messages.
Legal notices to eBay Sarl (except for termination notices pursuant to Part I, Section 11) shall be served by mail to the following address: eBay S.à r.l., 22-24
Boulevard Royal, L-2449 Luxembourg.

You may request a copy of any legally required disclosures (including these Payments Terms of Use) from us; we will then provide it to you in a format whichallows you to store and reproduce the information (for example, by email) or, upon your request, on paper.

Governing Law and Jurisdiction
These Payments Terms of Use shall be governed by and construed in accordance with the laws of the Grand Duchy of Luxembourg. If you are acting as aconsumer (rather than as a business) and if mandatory statutory consumer protection regulations in your country of residence contain provisions that are more
beneficial for you, such provisions shall apply irrespective of the choice of Luxembourg law.
As a consumer, you may bring any judicial proceedings relating to the General Payments Terms and these Additional Payments Terms for Payment Services
provided by eBay Sarl before the competent court of either your place of residence or eBay Sarl's place of business in Luxembourg. If eBay Sarl wishes toenforce any of its rights against you as a consumer, we may do so only in the courts of the jurisdiction in which you are a resident. If you are acting as a businessseller, you agree to submit to the exclusive jurisdiction of the courts of the Grand Duchy of Luxembourg.

IV. ADDITIONAL TERMS FOR SERVICES PROVIDED BY ECCA
In addition to the General Payments Terms above, the following provisions apply with respect to Payment Services you receive from ECCA. Within this section,“we” or “us” refers to ECCA.
As between you and ECCA, these Payments Terms of Use incorporate by this reference the User Agreement. In the event of any conflict between the User
Agreement and these Payments Terms of Use, these Payments Terms of Use will govern.
We may change, discontinue, enhance, or modify features of Managed Payments at any time.

1. Receipt and Settlement of Funds
After a Managed Payments transaction occurs, you will receive a notification confirming such payment transaction. In certain instances, your transaction may
be declined, frozen, or held for any reason including for suspected fraud, high risk or potential violation of any eBay or ECCA policies, or a policy of one of ourthird-party payments services providers.
Funds received by us on your behalf represent an unsecured claim for payment against us, but do not constitute deposits. ECCA may combine your funds withthe funds of other ECCA customers in pooled custodial accounts and invest the funds in accordance with applicable law. You do not have any ownershipinterest in these investments and any interest earned from these investments will be retained by us.
If we are your Payout Entity, we will initiate settlement of proceeds received to your Linked Financial Account. Your transaction proceeds, other than thosebeing held in accordance with these Payments Terms of Use, and subject to the estimated settlement times set forth in the next sentence, will be aggregatedto a batch for settlement to you on a regular basis (for example, a single daily settlement for all transactions ready for disbursement to you that day), unlessotherwise requested by you and agreed to by us. We anticipate that Managed Payments transactions proceeds will generally be settled in your Linked
Financial Account approximately two to seven business days after the buyer's transaction, although actual settlement times may vary for individualtransactions based on circumstances such as your bank’s processing times. However, we may diverge from this procedure as needed for compliance oroperational reasons. Notwithstanding the foregoing, when you onboard to Managed Payments, we may initially place you on a different payout schedule (noless frequently than monthly) and will communicate the applicable payout schedule to you in My eBay or Seller Hub.
If we are unable to settle your proceeds, then, depending on the reason why we are unable to settle your proceeds, we may refund the buyer (e.g., in the eventthat we cannot process your information for technical reasons or you violate these Payments Terms of Use, etc.) or otherwise process these funds inaccordance with applicable law or policies.

2. Authorization to Pay
The authorization to pay for Owed Amounts in accordance with Part I, Section 9 is an electronic pre-authorized debit agreement (“PAD Agreement”) that you
are entering into for business purposes to allow eBay to debit your designated bank account, and is subject to the rules of Payments Canada.
By completing registration for Managed Payments, you hereby authorize ECCA (or its Affiliates) and the ﬁnancial institution that has issued your Linked
Financial Account to debit your Linked Financial Account for Owed Amounts in variable amounts at such intervals as when you have Owed Amounts that are
due and owing and we are unable to collect such Owed Amounts from your current or future disbursements.
You agree to waive all pre-notification requirements under the Payments Canada rules in respect of any variable debits originated under this PAD
Agreement. ECCA will notify you by email regarding any one-time or sporadic debits in order to obtain your authorization.
ECCA, or its Affiliates, will charge your account a CDN$ 7.00 fee by way of a separate debit for each and every debit transaction authorized above that is
unsuccessful or returned unpaid by your ﬁnancial institution. We shall have no liability to you whatsoever caused by a dishonored debit.
If you would like to cancel this PAD Agreement, you may do so at any time by contacting ECCA. If you cancel this PAD Agreement without providing a new
authorization, we may suspend or cancel your Payment Services and eBay may suspend or cancel your eBay Services.
You have certain recourse rights if any debit does not comply with this PAD Agreement. For example, you have the right to receive reimbursement for any debitthat is not authorized or is not consistent with this PAD Agreement. To obtain more information on your recourse rights, or for further information on your right tocancel this PAD Agreement and applicable forms, you may contact your ﬁnancial institution or visit www.payments.ca.

3. Legal Disputes
PLEASE READ THIS SECTION CAREFULLY. IT AFFECTS YOUR RIGHTS AND WILL HAVE A SUBSTANTIAL IMPACT ON HOW CLAIMS YOU AND EBAY HAVEAGAINST EACH OTHER ARE RESOLVED.
You and ECCA agree that any claim or dispute at law or equity that has arisen, or may arise, between you and ECCA (including any claim or dispute between you
and a third-party agent of ECCA) that relates in any way to or arises out of this or previous versions of these Payments Terms of Use, your use of or access to the
Payment Services, the actions of ECCA or its agents, will be resolved in accordance with the provisions set forth in this Legal Disputes Section.
Law and Forum for Disputes if you do not reside in Quebec – These Payments Terms of Use and any dispute or claim you have against eBay shall begoverned in all respects by the laws of the Province of Ontario and the federal laws of Canada applicable therein. Except as otherwise agreed by theparties or as described in the Arbitration Option paragraph below you agree to submit to the jurisdiction of the courts located in Toronto, Ontario for the
resolution of and all claims or disputes you may have against ECCA.
Law and Forum for Disputes if you reside in Quebec - These Payments Terms of Use and any dispute or claim you have against ECCA shall be governed in
all respects by the laws of the Province of Quebec and the federal laws of Canada applicable therein.
Arbitration Option - For any dispute or claim (excluding claims for injunctive or other equitable relief) where the total amount of monetary relief sought isless than CDN$15,000, the parties may elect to resolve the dispute in a cost-effective manner through binding arbitration. In the event that the parties
agree to arbitration, such arbitration shall be conducted pursuant to the simplified arbitration procedure set out in the arbitration rules of the ADR Instituteof Canada, in force at the time of the dispute. Unless the parties agree or the arbitrator determines otherwise, the arbitration shall not involve any personal
appearance by the parties or witnesses and shall be conducted by telephone, online and/or be solely based on written submissions. Any judgement on theaward rendered by the arbitrator may be entered in any court of competent jurisdiction.
Improperly Filed Claims - All claims you bring against ECCA must be resolved in accordance with this Resolution of Disputes section. All claims filed or
brought contrary to the Resolution of Disputes section shall be considered improperly filed. Should you file a claim contrary to the Resolution of Disputes
Section, ECCA may recover attorneys' fees and costs up to CDN$1500, provided that eBay has notified you in writing of the improperly filed claim, and you
have failed to promptly withdraw the claim. Except as stated otherwise, legal notices to ECCA shall be served on ECCA’s national registered agent.
[Does not apply if you reside in Quebec] Any translation of these Payments Terms of Use and all related documents is done for our users’ convenience and in
the event of a dispute between the English and French version, the English version of these Payments Terms of Use and all related documents shall govern.
If you are a resident of the Province of Quebec, the following clause applies: The parties hereby confirm that they have requested that these Payments Termsof Use and all related documents be drafted in English. Les parties ont exigé que la présente convention et tous les documents afférents soient rédigés en
langue anglaise.

V. ADDITIONAL TERMS FOR SERVICES PROVIDED BY ECAIn addition to the General Payments Terms above, the following provisions apply with respect to Payment Services you receive from ECA. Within this section,“we” or “us” refers to ECA.
As between you and ECA, these Payments Terms of Use incorporate by this reference the User Agreement. In the event of any conflict between the User
Agreement and these Payments Terms of Use, these Payments Terms of Use will govern.
We may change, discontinue, enhance, or modify features of Managed Payments at any time. If ECA is your Payout Entity, we will notify you of any materialchanges or modifications to the features of Managed Payments through eBay messages (in My eBay) or directly to the email address linked to your account.

1. Receipt and Settlement of Funds; Disabling Payment Methods
After a Managed Payments transaction occurs, you will receive a notification confirming such payment transaction. In certain instances, your transaction may
be declined, frozen, or held for any reason including for suspected fraud or potential violation of any eBay or ECA policies, or a policy of one of our third-party
payments service providers.
Funds received by us on your behalf represent an unsecured claim for payment against us, but do not constitute deposits. ECA may combine your funds withthe funds of other ECA customers in pooled accounts and invest the funds. You do not have any ownership interest in these investments and any interest
earned from these investments shall be retained by us.
If we are your Payout Entity, we will initiate settlement of proceeds received to your Linked Financial Account. Your transaction proceeds, other than thosebeing held in accordance with these Payments Terms of Use, and subject to the estimated settlement times set forth in the next sentence, will be aggregatedto a daily batch for settlement to you to be paid out as agreed with you (for example, a single daily settlement for all transactions ready for disbursement to youthat day). We anticipate that Managed Payments transaction proceeds will generally be settled to your Linked Financial Account approximately two to sevenbusiness days after the buyer's transaction, although actual settlement times may vary for individual transactions based on circumstances such as your bank’s
processing times. However, we may diverge from this procedure as needed for compliance or risk reasons. If we are unable to settle your proceeds, then,depending on the reason why we are unable to settle your proceeds, we may refund the buyer (e.g., in the event that we cannot process your information fortechnical reasons etc.) or otherwise process these funds in accordance with applicable law or our policies.
We may disable specific payment method(s) available to buyers for all or some of your listings if we reasonably believe the use of such payment methods foryour transactions will increase regulatory, financial, or other risk to us. For example, if you would like to offer a high-priced item with a new eBay account, we
may disable such payment methods where the amount is credited with a time delay after the transaction (e.g. Buy Now Pay Later). In assessing the risk, we
consider relevant factors such as your sales history, service status, eBay account history, risks associated with certain item categories, transaction value, andnumber and monetary amounts of eBay Buyer Protection cases. We will re-enable the affected payment method(s) for your listings once the risk no longer
exists.

2. Unsuccessful Direct Debits
We will charge your account an AUD 8.00 fee by way of a separate debit for every debit transaction for an Owed Amount that is unsuccessful or returned
unpaid by your financial institution. We shall have no liability to you whatsoever caused by a dishonored debit.

3. Legal Disputes
If a dispute arises between you and ECA, our goal is to provide you with a neutral and cost-effective means of resolving the dispute quickly. We strongly
encourage you to first contact us to seek a resolution. If your dispute is not resolved by contacting Customer Service, all legal notices and formal disputes
should be sent to ECA's registered agent in accordance with the “Notices” section below. We will consider reasonable requests to resolve the dispute throughalternative dispute resolution procedures, such as mediation or arbitration, as alternatives to litigation.

Law and Forum for Legal Disputes
These Payments Terms of Use will be governed in all respects by the laws of New South Wales. We encourage you to try and resolve disputes using certified
mediation (such as online dispute resolution processes). If a dispute cannot be resolved then you and ECA irrevocably submit to the non-exclusive jurisdictionof the courts of New South Wales, Australia.

Notices
Legal notices must be served on ECA’s registered agent (in ECA’s case) or to the registered email address associated with your account (in your case). Notice
will be deemed given 24 hours after email is sent, unless the sending party is notified that the email address is invalid or that the email has not been delivered.
Alternatively, we may give you legal notice by mail to the address provided by you during the registration process. In such case, notice will be deemed given
three business days after the date of mailing.
Any notices to ECA’s registered agent must be given by registered ordinary post (or if posted to or from a place outside Australia, by registered airmail) or byfacsimile transmission to eBay Commerce Australia Pty Ltd c/o Corrs Chambers Westgarth, Quay Quarter Tower, 50 Bridge Street, Sydney NSW 2000, Fax: (02)9210 6611.

VI. ADDITIONAL TERMS FOR SERVICES PROVIDED BY ECUKIn addition to the General Payments Terms above, the following provisions apply with respect to Payment Services you receive from ECUK. Within this section,“we” or “us” refers to ECUK.
As between you and ECUK, these Payments Terms of Use incorporate by this reference the provisions of the User Agreement to the extent applicable to thisagreement. In the event of any conflict between the User Agreement and these Payments Terms of Use, these Payments Terms of Use will govern.

1. Payment Service; Disabling Payment Methods
You authorize ECUK to acquire and settle payments that it receives on your behalf. When you sell an item on eBay, you are deemed to be a payee, with ECUK
acting as your payment service provider. In a refund, chargeback, or similar scenario, or if you use your funds to pay, you may be deemed to be a payer, again
with ECUK acting as your payment service provider. If ECUK is your Payout Entity, ECUK will open and hold a payment account for you.
The acceptance of a buyer’s payment instrument (for example, their Visa card), once it has been authorized for payment, satisfies the buyer’s payment
obligation to you, regardless of whether we actually settle such payment to you. In the event that we do not make any such payment to you as described inthese Payments Terms of Use, you will have recourse against us only and not against the buyer. To the extent permissible under the rules of any third-party or
governmental body with jurisdiction over us, you agree that we are not liable for your acts and omissions and you understand that we disclaim any such liability.
We may disable specific payment method(s) available to buyers for all or some of your listings if we reasonably believe the use of such payment methods foryour transactions will increase regulatory, financial, or other risk to us. For example, if you would like to offer a high-priced item with a new eBay account, we
may disable such payment methods where the amount is credited with a time delay after the transaction (e.g. direct debit or payment upon invoice). In
assessing the risk, we consider relevant factors such as your sales history, service status, eBay account history, risks associated with certain item categories,
transaction value, and number and monetary amounts of eBay Buyer Protection cases. We will re-enable the affected payment method(s) for your listings once
the risk no longer exists.

2. Execution of Payment Transactions
When you, as a payee or payer, use Managed Payments, the payment transactions will be executed in accordance with the payment schemes rules andprocedures, or as otherwise agreed.

Required Information
Your payer (for example, the buyer of an item you sell on eBay) must ensure we are provided with the data required for us to execute the payment transaction. If
we do not have sufficient data to execute such transaction, we reserve the right to ask your payer’s payment service provider for the required information.
We require the following information for the execution of a payment transaction:
Your name,Your eBay username,
The buyer’s name (where applicable),
The buyer’s eBay username, and any other data about the buyer which the buyer’s payment service provider or we may require (where applicable),
The currency of the payment transaction (if possible, in abbreviated form),
The amount of the payment transaction, andThe beneficiary’s payment details.
We may also require specific information, such as a one-time authorization code sent to your verified phone number or email address, to authenticate apayment transaction (or to allow you to access certain information related to Managed Payments on eBay).
To the extent reasonably possible, we will automatically utilize the information stored in our systems. Where the required information provided by you or yourpayer is not fully available or is inaccurate, we will not bear any liability for any damage, delay, or other consequence from the non-execution or defective
execution of the relevant payment transaction.

Receipt of Payment Orders
A payment order will be deemed to have been received by us if:
Carried out by means of a payment card, then in accordance with the card schemes rules; orReceived by our available electronic communication channels, then on the business day when it is actually received by us.
If the payment order is not received on a business day, it will be deemed to be received on the next business day. “Business days” in this Part III of these
Payments Terms of Use shall mean the days on which banks in London are open for regular business.
You may not revoke a payment order after we have received it. However, if we have agreed that a payment order will be executed on a certain future date, thebusiness day prior to this future date will be the latest you can revoke the payment order.

Refusal of Payment Orders
We reserve the right to refuse the execution of a payment order when:
The payment order information contains factual errors and/or is incomplete;
You have not satisfied your obligations under these Payments Terms of Use or any other agreement between you and us;
There are doubts about the validity of the instruction, or the identity or authority of the person giving the payment order; or
The payment order, if executed, would lead to a breach of the applicable rules, laws, or regulations.
We may charge a reasonable fee for such a refusal.
You acknowledge that when executing a payment transaction, we may have to disclose information mentioned above and your legal address to the otherparty’s payment service provider and, where relevant, also to intermediaries involved in the execution of the payment transaction. You expressly accept andinstruct us to disclose such data.
Where you are the payer, the execution of the transaction may depend on us having received the respective amount from you prior to the execution.

3. Settlement of Funds
If we are your Payout Entity, we will initiate settlement of proceeds received to your Linked Financial Account. Your payments will generally be initiated either
automatically according to the schedule you have pre-selected or “on demand” based on an individual payment instruction we receive from you. However, if
your payment account is not configured to include a regularly scheduled settlement, we may periodically sweep available funds out of your payment accountand send them to your Linked Financial Account.
Your transaction proceeds, other than those being held in accordance with these Payments Terms of Use, will be aggregated to a batch for settlement to you
according to the payout schedule agreed with you. For example, if you select weekly payouts, a single settlement will be initiated automatically once a week
for all transactions ready for disbursement to you on that day. If you request a payout on demand, a single settlement will be initiated for all transactions readyfor disbursement to you on that day. You may be able to choose to have only a portion of your available transaction proceeds paid out to your Linked Financial
Account, leaving the rest in your payment account. We anticipate that your transaction proceeds will be available on your payment account and ready for
disbursement approximately one to two business days after the buyer's completion of the order, although actual availability may vary for individual transactions
depending on the buyer’s payment method, and when the payment transaction is received by us. We may diverge from the settlement process as needed forcompliance or risk reasons. The balance on your payment account is not a deposit. You will not receive interest or any other earnings on the money held in yourpayment account.
If we are unable to settle your proceeds, then, depending on the reason why we are unable to settle your proceeds, we may refund the buyer (e.g., in the eventthat we cannot process your information due to technical reasons etc.) or otherwise process these funds in accordance with applicable law.
We will provide you with monthly statements of your transactions free of charge, which can be accessed in the Seller Hub.

4. Liability for Unauthorized Payment Transactions
You will be fully liable for all losses relating to an unauthorized payment transaction if you acted fraudulently with respect to such a payment transaction, or if
you failed to fulfill one or more of the obligations under this agreement (such as keeping your credentials safe or notifying us without undue delay) with intent or
gross negligence.

5. Our Liability
We will refund you in full and are liable for losses directly and reasonably foreseeably incurred by an incorrectly or non-executed payment transaction,
provided that you have informed us of such transaction without undue delay after becoming aware of the defect and in no event later than thirteen (13) months
after the transaction was executed, unless we failed to make information about the transaction available to you.
To the fullest extent permitted by applicable law, we and our Affiliates (and our and their respective employees, directors, agents and representatives) will not
be liable for any direct lost profits, any indirect lost profits, or any special, incidental or consequential damages (including without limitation damages for lossof data or loss of business) arising out of or in connection with these Payments Terms of Use or Managed Payments (including the inability to use Managed
Payments). In addition, to the fullest extent permitted by applicable law, in no event will aggregate liability of us or our Affiliates (and our and their respective
employees, directors, agents and representatives) arising out of or in connection with these Payments Terms of Use, the transactions contemplated hereby, orManaged Payments exceed the actual amount of direct damages (excluding direct loss of profits), whether in contract, tort (including negligence, productliability or other theory), warranty, or otherwise.
Without limiting the foregoing, in no event will we or any of our Affiliates be liable to you for any failure or delay by us (or our employees, agents, orrepresentatives) in performing our obligations under these Payments Terms of Use, where such failure or delay is caused by abnormal and unforeseeable
circumstances beyond our control, the consequences of which would have been unavoidable despite all reasonable efforts to the contrary, or where we arebound by other legal obligations covered by applicable law.

6. Shipping Labels
If buyers purchase a return shipping label at their own expense on the eBay website, eBay may automatically deduct the label costs from the refund amount abuyer receives from you. If this occurs, you agree (as a debtor to the buyer for the refund) to be delegated as a debtor to the shipping carrier for the label costs,
and authorize us to use the relevant part of the refund amount to pay the shipping carrier on your behalf. You will not bear any additional shipping costs in thisevent.

7. Corrective Measures
If we become aware of suspected or actual fraud or other security threats affecting your eBay account, we will notify you by email and provide you with
instructions on how to protect such account.

8. General Provisions
If you are using these payment services of managed payments as a business, you agree that Articles 66(1), 67(3), 67(4), 75, 77, 79, 80, 83, 91, 92, 94 and Part 6 of
the Payment Services Regulations 2017 shall not apply to your use of the Payment Services.

Individuals
If you are an individual acting in your own capacity and not on behalf of a business, you may not use the Payment Services to receive or transfer funds on behalfof another natural person or a legal entity.

Complaints
Any complaints about ECUK or the services it provides should first be addressed to ECUK. You agree that all responses from ECUK relating to such complaints
may be sent to you by email.
Should you not be satisfied with ECUK’s answer, you may also escalate your complaint to the FCA (www.fca.org.uk), which is the competent authority to receive
out-of-court complaints by customers of payment service providers authorized in the UK. For further information please refer to our Complaints Procedure.

Communication
We will communicate with you in the language(s) in which we provided these Payments Terms of Use to you. You agree that we may give you notice or otherinformation by posting it in your eBay Account, emailing it to your registered email address, mailing it to your registered physical address, calling your phone
number, or sending you mobile messages.
Legal notices to ECUK (with the exception of a termination notice pursuant to Section 9) shall be served by mail to the following address: eBay Commerce UK
Ltd, Hotham House, 1 Heron Square, Richmond upon Thames, Surrey TW9 1EJ, United Kingdom.
You may request a copy of any legally required disclosures (including these Payments Terms of Use) from us; we will then provide it to you in a format whichallows you to store and reproduce the information (for example, by email) or, upon your request, on paper.

Governing Law and Jurisdiction
These Payments Terms of Use shall be governed by and construed in accordance with the laws of England and Wales. If you are acting as a consumer (rather
than as a business) and if mandatory statutory consumer protection regulations in your country of residence contain provisions that are more beneficial for you,such provisions shall apply irrespective of the choice of English law.
As a consumer, you may bring any judicial proceedings relating to the General Payments Terms and these Additional Payments Terms for Payment Services
provided by ECUK before the competent court of either your place of residence or ECUK's place of business in the United Kingdom. If ECUK wishes to enforce
any of its rights against you as a consumer, we may do so only in the courts of the jurisdiction in which you are a resident. If you are acting as a business seller,
you agree to submit to the exclusive jurisdiction of the English courts.
Posting Date: October 26, 2023