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I am having the same issue! UGH! I am using Windows and the watermark does not go away.
Since this thread was branched from an old one, can you provide details about your problem (what version, operating system, what happens, and what you have tried)?
Bob is right. It would help if you provided some detail.
What is supposed to happen is that after you pay for and register the product, you output the video once again. The new version is not supposed to have watermarks.