They use iLok, and their licence transfer FAQ says:kidslow wrote: Mon Oct 02, 2023 10:50 pm You might look at Soundtheory's EULA, and if not explicitly prohibited, an account takeover would theoretically be on the table for you to find a buyer at some clearing price between say €0 and €71.90.
"It is important that you notify us directly of any transfer. PACE do not let us know if you attempt a transfer through their system"
...so there's no getting around the $150 transfer fee, in my case (I wouldn't want a buyer to get into trouble somehow, no matter how unlikely) and potentially a Paypal fee, too (IIRC there's no such fee within the EU "for friends and family" but there sure is one for e.g. UK buyers).