As of July 1st Paypal Now Owns Your Copyright And Trademarks

superb

Banned
5,042
935
Joined
Jun 2, 2013
Paypal will now have rights over your material on your website that is used with paypal.

https://www.paypal.com/ie/webapps/mpp/ua/upcoming-policies-full?locale.x=GB

This page informs users in advance of important changes to the PayPal service, its User Agreement, or other policies. This page displays policy updates with future effective dates. Go to Past Policy Updates for previous policy updates.

Amendment to PayPal Legal Agreements

Effective Date: Jul 1, 2015

Amendment to the PayPal User Agreement.
  1. Intellectual Property
We are adding a new paragraph to section 1.3., which outlines the licence and rights that you give to us and to the PayPal Group (see paragraph 12 below for the definition of “PayPal Group”) to use content that you post for publication using the Services. A similar paragraph features in the Privacy Policy, which is removed by the addition of this paragraph to the User Agreement. The new paragraph at section 1.3 reads as follows:

“When providing us with content or posting content (in each case for publication, whether on- or off-line) using the Services, you grant the PayPal Group a non-exclusive, worldwide, perpetual, irrevocable, royalty-free, sublicensable (through multiple tiers) right to exercise any and all copyright, publicity, trademarks, database rights and intellectual property rights you have in the content, in any media known now or in the future. Further, to the fullest extent permitted under applicable law, you waive your moral rights and promise not to assert such rights against the PayPal Group, its sublicensees or assignees. You represent and warrant that none of the following infringe any intellectual property right: your provision of content to us, your posting of content using the Services, and the PayPal Group’s use of such content (including of works derived from it) in connection with the Services.”

 
 
Last edited:
Rather shop online using snail mail than PayPal.

Hopefully more people see this.
 
what do you mean? like if u open a business online via pp? that's not possible right?
 
Infowars :rolleyes

The amendment is in relation to the fact that they're going to start offering buyer protection for non-physical goods and services.

That sucks for sellers, but they're not out to steal anyone's trademarks or copyrights.
 
Back
Top Bottom