PayPal TOS changes July 1st 2015

[Xyver]

https://www.cryptocoinsnews.com/bitcoin-future-paypal-changes-terms-service-take-content/

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

What do you think? There has to be a catch to this, there's no way that they could actually slip this by.

The TL,DR is "“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... Paypal owns whatever you sell through Paypal.

[kolloh]

I'm wondering if this is just a misinterpretation but this sounds pretty sketch. I wonder if Paypal has yet commented about this?

I can't see how they could own content that you sell when they are simply a payment processes. They definitely need to review this and modify this section of the policies though.

[Vod]

So... Paypal owns whatever you sell through Paypal.

That's what I read from your statement as well.  They have gotten too big for their own good.

Someone needs to develop an alternative currency....