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PayPal is fine for a certain class of limited transactions - usually when they involve selling physical or digital products which actually exist and can be deli
by whyleyc 13y ago
PayPal is fine for a certain class of limited transactions - usually when they involve selling physical or digital products which actually exist and can be delivered today.
Rightly or wrongly though they have a very[1] long[2] history[3] of freezing the accounts of projects they deem to be remotely 'risky' to them. By definition this would seem to include almost any crowdfunded project where an actual product or service which people are paying for does not yet exist.
Given how well documented this is I can't help but wonder why a company like IndieGoGo would touch PayPal with a bargepole - their interests seem diametrically opposed !
IndieGoGo should be protecting their users by disabling PayPal as a payment option for all projects.
[1] http://techcrunch.com/2011/12/06/paypal-account-freeze/ http://techcrunch.com/2011/12/06/paypal-account-freeze/
[2] http://www.holdtheline.com/threads/paypal-freezes-funds-from-skullgirls-crowdfunding-drive.5309/ http://www.holdtheline.com/threads/paypal-freezes-funds-from...
[3] http://www.siliconbeat.com/2013/08/16/paypal-freezes-then-returns-money-for-glassup-campaign/ http://www.siliconbeat.com/2013/08/16/paypal-freezes-then-re...