What is PayPal's policy regarding intellectual property rights?

PayPal prohibits transactions for counterfeit items and unauthorized replicas or copies of items. Examples include (but are not limited to) counterfeit watches, handbags or accessories, and unauthorized copies of software programs, video games, music, movies, television programs, and photographs. Users that offer access to copyrighted materials through PayPal must maintain an adequate process to receive and resolve infringement notifications from rights owners.

PayPal also prohibits transactions for devices that allow domestic video game consoles to play back-up or import versions of video games, including mod chips, game enhancers, and boot disks.