PayPal Will Soon Own Your Copyrights!

PayPal's new user agreement, effective July 1, 2015, states that it will assert copyright ownership over any and all intellectual property for those who use its services to do business.

OKAY! Let me preface this article by saying that I am not an intellectual property lawyer.

There's something lurking in the dark that they don't want us to know.

We all know people don't read the terms of service when they sign a contract online or download a program, or anything like that, so I'm sure they know it'd be easy for them to slip this into their terms of service and nobody notice.

 But, someone did notice!

Paul Joseph Watson, a reporter with Info Wars, first broke this alarming story on April 24.

In the new agreement, under "intellectual property", PayPal states the following.

“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.”

 So what does this mean for creative's?

Well, it seems that if you do business through PayPal that is transaction of payment, according to this new agreement in their intellectual property section, they will own the copyright to what ever media, image, art, etc. that one makes available simply by using their service.

 I'd like to get an intellectual property lawyer's view on this new amendment, but I think it's safe to say that I'll have to find me a new service to use.