PayPal is updating two provisions of its user agreement covering privacy and charities. It’s also notifying customers of the availability of IRS Form 1099Ks, which summarize the gross payments customers received through PayPal for the sales of goods and services for tax-year 2024.
To access information about the changes to the PayPal user agreement, customers can visit PayPal’s website, click on “Legal” at the bottom of the page, and select “Policy Updates.” Doing so will take visitors to a page where it outlines changes to the following two policies – the Privacy Statement and the Confirmed Charities Terms and Conditions – with links to more information:
Amendments to the PayPal Privacy Statement
Effective February 13, 2025:
We’re updating the PayPal Privacy Statement (and the separate Fastlane by PayPal Terms and Conditions) to improve your experience. You can use information you save with Fastlane to help speed up checkouts and other online shopping tasks, like creating a store account.
Review the updated PayPal Privacy Statement
Amendments to the PayPal Confirmed Charities Terms and Conditions
Effective March 17, 2025:
The PayPal Confirmed Charities Terms and Conditions are being updated to reflect data-sharing permissions in relation to payments via third-party wallets and the PayPal mobile application.
Review the updated PayPal Confirmed Charities Terms and Conditions
PayPal is also notifying customers about the availability of IRS Form 1099-K. To access their 1099K, sellers can log in to their PayPal account and click Reports, click Tax documents, select the desired tax year, and select “View Form 1099-K.”