Here are the key updates, ENOCH.

Hi Fred,

eBay and PayPal will be separate companies soon. You can be confident that we're still committed to offering you seamless buying and selling on eBay. We just want to let you know about updates to the eBay User Agreement and Privacy Notice.

Our updated User Agreement and Privacy Notice take effect for new users on May 1, 2015 and on June 15, 2015 for all other users. The updated User Agreement and Privacy Notice were posted on www.ebay.com on May 1, 2015.

Key updates to the eBay User Agreement:
Fees, holds, returns & cancellations, and eBay Money Back Guarantee: Users now authorize eBay to instruct PayPal to make deductions from their PayPal account(s) for fees, returned items, items not as described, return shipping, cancellations (under our new cancellation policy), and eBay Money Back Guarantee reimbursements. eBay will recommend, rather than request, when PayPal can restrict funds in a seller's PayPal account. We clarified language for holding seller funds, placing charges on a seller invoice and/or charging a payment method on file, and removing funds in a buyer's currency.

Authorization to contact you and record calls: We simplified and clarified the language for: (1) consent for eBay to contact you with auto-dialed or pre-recorded calls or by SMS; (2) eBay sharing phone numbers with our authorized service providers; and (3) for eBay recording/monitoring calls.

Agreement to arbitrate: Clarified that the laws of Utah apply to claims arising from our User Agreement unless Utah law is inconsistent with, or preempted, by Federal law. eBay will no longer pay some arbitration costs for claims greater than US$10,000.

Other changes: We've made updates globally to describe policies for abuse of eBay services. Users that register or use an account on behalf of a company must be authorized by that company to register or use that account. Accounts registered on behalf of a company are owned by that company. We also updated various eBay company addresses.

Key updates to the eBay Privacy Notice:
eBay and PayPal data sharing: An entirely new sub-section under Disclosure to cover the authorized data sharing between eBay and PayPal.

Contacting users via electronic means: Additional language regarding our ability to contact users via email and on mobile devices — we have added/clarified some of the language in our Use and Retention section regarding our use of some personal information (emails, mobile phone numbers) to contact users. This language is parallel to changes made in the User Agreement in this regard, and provides us additional legal protection in most of our jurisdictions, especially in the US and Canada.

Thanks for being a part of the eBay community.