New PayPal Privacy Policy


I use PayPal off and on,  but think I might actually delete my account altogether.  At the least,  guess who will never,  ever post ANY content on PayPal.  This is from their new privacy policy that goes into effect in May:

15.5 License Grant from You to PayPal; IP Warranties.  Subject to section 15.6, when providing PayPal with content or posting content using PayPal Services, you grant us a non-exclusive, worldwide, perpetual, irrevocable, royalty-free, transferable, and 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 PayPal, its sublicensees or its assignees.  You represent and warrant that none of the following infringe any intellectual property or publicity right: your provision of content to PayPal, your posting of content using the PayPal Services, and PayPal’s use of such content (including of works derived from it) in connection with the PayPal Services.”

Irrevocable? Perpetual? Transferable? Sublicensable? ….. Kidding, right? Making money is one thing, but PayPal makes money off my purchases and through a fee structure … but this is just a bit much.

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