I don't know why, in 2013, people are surprised when they use PayPal and wind up without access to the money for months or years. Paypal apologists will say that this is relatively rare. Even if that is true, since the criteria they use to take these actions are often beyond the control of merchants, using PayPal is an unacceptable risk for any business that doesn't have at least 6 months of working capital. Always a…
PayPal Freezes Mailpile Campaign Funds
61–70 of 366 posts
Re: PayPal Freezes Mailpile Campaign Funds
#62Re: PayPal Freezes Mailpile Campaign Funds
#63I don't know why, in 2013, people are surprised when they use PayPal and wind up without access to the money for months or years. Paypal apologists will say that this is relatively rare. Even if that is true, since the criteria they use to take these actions are often beyond the control of merchants, using PayPal is an unacceptable risk for any business that doesn't have at least 6 months of working capital. Always a…
What should they use - Google Checkout? https://support.google.com/checkout/sell/answer/3080449?hl=e... For better or worse, Paypal has survived and looks like it's going to go on surviving, that's why people if they only support one method, choose it.
Re: PayPal Freezes Mailpile Campaign Funds
#64People should start to understand that crowdfunding is not a trivial business from a legal and regulatory perspective. Yes, PayPal sucks, but you can run into this crap with any bank or payment service provider you don't have clear and direct business dealings with, and who you haven't informed upfront about what you're up to. Also, it's just plain lazy and irresponsible of IndieGogo to pay out via PayPal, at least n…
I'm surprised PayPal still haven't taken a clear stance against crowdfunding like Amazon Payments have. That's part of the problem - it's really vague as to what situations PayPal will intervene in.
Re: PayPal Freezes Mailpile Campaign Funds
#65> They just don't want to, and we cannot help but wonder why. > Crowd funding is an adventure. I don't think PayPal are as enthusiastic in joining you in an "adventure" as you think. Especially if that adventure includes credit card chargebacks.
Sounds like an opportunity to create a crowdfunding site that only accepts cash in the mail. But then, I'm sure you open up a whole new can of worms.
Re: PayPal Freezes Mailpile Campaign Funds
#66Re: PayPal Freezes Mailpile Campaign Funds
#67Earlier quoted context omitted.
Sure, but we have no reason to give those details to PayPal, and very good reasons not to. Edit: Delaying payments by months is not acceptable or reasonable. There are tax implications (we have to deal with multiple jurisdictions) and opportunity costs. Also, this very obviously goes against the wishes of our community of backers - they are supporting a free software development project, not buying a product.
Sure, but we have no reason to give those details to PayPal You'll reduce your risk profile, and increase your chances of receiving payment inside the next year. and very good reasons not to Aside from potentially delayed payouts, what are your other good reasons? Edit, replying to your edit: Our community of backers... are supporting a free software development project, not buying a product Do you know for a fact th…
PayPal is a business partner in this setup, and they are shouldering a lot of risk on the developers behalf. I can understand not wanting to share something as intimate as a business/developement plan, but PayPal is within their rights, boty legally and morally, to ask for one. If the developers are having trouble with this, they should find another partner for their venture. (imho)
That said, PayPal can be real douchebags. Too many friends, business partners and colleagues has been burnt by them in the past. If you're doing something nonprofit, move elsewhere.
Re: PayPal Freezes Mailpile Campaign Funds
#68I don't know why, in 2013, people are surprised when they use PayPal and wind up without access to the money for months or years. Paypal apologists will say that this is relatively rare. Even if that is true, since the criteria they use to take these actions are often beyond the control of merchants, using PayPal is an unacceptable risk for any business that doesn't have at least 6 months of working capital. Always a…
There are some things that cause PayPal to just freeze an account, and it's next to impossible to speak to a human or to otherwise get the situation resolved.
Pretty much the only threat to Stripe's eventual world domination would be PayPal getting its act together.
Re: PayPal Freezes Mailpile Campaign Funds
#69Re: PayPal Freezes Mailpile Campaign Funds
#70I don't know why, in 2013, people are surprised when they use PayPal and wind up without access to the money for months or years. Paypal apologists will say that this is relatively rare. Even if that is true, since the criteria they use to take these actions are often beyond the control of merchants, using PayPal is an unacceptable risk for any business that doesn't have at least 6 months of working capital. Always a…
What should they use - Google Checkout? https://support.google.com/checkout/sell/answer/3080449?hl=e... For better or worse, Paypal has survived and looks like it's going to go on surviving, that's why people if they only support one method, choose it.
PS. They accept Bitcoin donations (not in the indiegogo campaign, just independently) and already raised 52.44 BTC which roughly translates to 5244 EUR. Not bad if you ask me for a payment channel that's not actively advertised by them.