Payment processor announces alarming update to terms of agreement
– By Paul Joseph Watson – April 24, 2015
In an alarming new update to its user agreement released this week, PayPal has announced that it will assert copyright ownership over all intellectual property of anyone who uses its payment services.
The update comes in the aftermath of the announcement that eBay and PayPal will split apart into two separate companies.
Under the heading “Intellectual Property,” PayPal announces that it is introducing a new paragraph to its agreement, effective July 1, 2015, that will allow the company to “use content that you post for publication using the Services”.
“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…
View original post 345 more words