GoFundMe pauses donations to Canada truckers
1–10 of 319 posts
Re: GoFundMe pauses donations to Canada truckers
#2It surprises me to see GoFundMe bow to political pressure, when the platform is designed to fund people that are standing up against governments.
Re: GoFundMe pauses donations to Canada truckers
#3I'm still curious how these sites skirt banking regulations, for what is essentially what PayPal was originally (advertised as sending/ transferring money, but between delays and dark patterns, it really ends up in an account under their control, at least temporarily).
If they're going to lock or delete an account (regardless of reason), there should be a requirement that funds are either paid to the benefactor or refunded immediately.
Re: GoFundMe pauses donations to Canada truckers
#4The more and more that banks and other organizations do things like this, the more and more sense crypto makes in general.
Re: GoFundMe pauses donations to Canada truckers
#5It surprises me to see GoFundMe bow to political pressure, when the platform is designed to fund people that are standing up against governments.
The people who operate the platforms can have individual political motivations.
Re: GoFundMe pauses donations to Canada truckers
#6I'm still curious how these sites skirt banking regulations, for what is essentially what PayPal was originally (advertised as sending/ transferring money, but between delays and dark patterns, it really ends up in an account under their control, at least temporarily). If they're going to lock or delete an account (regardless of reason), there should be a requirement that funds are either paid to the benefactor or re…
They skirt it because regulators are largely clueless and don't take action until it blows up into a public scandal.
Re: GoFundMe pauses donations to Canada truckers
#7The Canadian government is spewing gasoline and the truckers are holding the matches.
Re: GoFundMe pauses donations to Canada truckers
#8I'm still curious how these sites skirt banking regulations, for what is essentially what PayPal was originally (advertised as sending/ transferring money, but between delays and dark patterns, it really ends up in an account under their control, at least temporarily). If they're going to lock or delete an account (regardless of reason), there should be a requirement that funds are either paid to the benefactor or re…
They skirt it because regulators are largely clueless and don't take action until it blows up into a public scandal.
But this isn't Uber or even crypto.
There are clear definitions, regulations, and penalties for operating as a dollar holding/ transferring financial institution.
Especially since the percentage paid as a fee makes it essentially a defaulted account, or at least a service not provided and funds not returned.
These types of donation accounts have a long history at brick banks of helping those in need (while taking a hefty percentage off the top). It's not a new idea.
I suspect it's more likely this isn't lack of regulation, so much as a loophole or stretched legal definition. Maybe someone here is familiar with their regulatory classification. You don't launch something like this without reasonably ensuring the feds aren't coming after you.
Re: GoFundMe pauses donations to Canada truckers
#9Is the money that was already donated still accessible? This doesn't sit well with me. I guess it's a private company, but damn.
Re: GoFundMe pauses donations to Canada truckers
#10The money should first go to Ottawa residents besieged and subjected to 24 hour honking, diesel fumes and noise from engines running through the night.
Then there's revenue loss for the businesses forced to shut down and wage loss for their employees.
Class Action Suit could rightfully clean out the GoFundMe.