The Financial Services (Distance Marketing) Regulations 2004 say in Section 11:
Subject to paragraphs (2) and (3), regulation 9 does not confer on a
consumer a right to cancel a distance contract which is—
(a) a contract for a financial service where the price of that service
depends on fluctuations in the financial market outside the supplier’s
I am dealing with this same issue, and it makes me incredibly angry that Paypal doesn't offer a way for us to OPT OUT of vendors being added to our automatic payments approval list - If I want a vendor on that list I should give explicit permission!!!
I read somewhere that anytime you conduct a transaction with a vendor who uses paypal pro, that vendor is ...