PayPal Freezes Mailpile Campaign Funds

#1

Post by capgre » Thu, Sep 05, 2013, 10:20 AM UTC

PayPal Freezes Mailpile Campaign Funds
mailpile.is

Re: PayPal Freezes Mailpile Campaign Funds

#2

Post by andyhmltn » Thu, Sep 05, 2013, 10:26 AM UTC

Why do people still use PayPal? Their service is just absolutely insane.

Re: PayPal Freezes Mailpile Campaign Funds

#3

Post by andyhmltn » Thu, Sep 05, 2013, 10:29 AM UTC

They will only release the funds when version 1.0 ships? Does PayPal not understand that it costs money to create products? That's the entire reasoning behind crowdfunding! 'Well you see this money you said you needed to make version 1.0 of the product? Well you can have it after you've finished'

Re: PayPal Freezes Mailpile Campaign Funds

#4

Post by GoldfishCRM » Thu, Sep 05, 2013, 10:29 AM UTC

Hmm.. This does not sound good. Hope it will resolve it self. Maybe a founder to founder call is in place.

Re: PayPal Freezes Mailpile Campaign Funds

#5

Post by zokier » Thu, Sep 05, 2013, 10:30 AM UTC

SURPRISE!

Re: PayPal Freezes Mailpile Campaign Funds

#6

Post by DoubleMalt » Thu, Sep 05, 2013, 10:31 AM UTC

andyhmltn wrote: post #2

Why do people still use PayPal? Their service is just absolutely insane.

Because indiegogo forces you to do it more ore or less.

Glad I didn't donate yet. If necessary I'll fly over and deliver it in person ;)

Re: PayPal Freezes Mailpile Campaign Funds

#7

Post by M4v3R » Thu, Sep 05, 2013, 10:32 AM UTC

This is not the first time Paypal did that [1] and it most certainly won't be the last time. That's one of the reasons Bitcoin was invented. I hope that events like this will drive its adoption as a safe alternative for crowd funding and online shopping.

[1] http://www.gamesindustry.biz/articles/2013-04-23-skullgirls-... and probably there's more of this

Re: PayPal Freezes Mailpile Campaign Funds

#8

Post by HerraBRE » Thu, Sep 05, 2013, 10:33 AM UTC

DoubleMalt wrote: post #6

andyhmltn wrote: post #2

Why do people still use PayPal? Their service is just absolutely insane.

Because indiegogo forces you to do it more ore or less. Glad I didn't donate yet. If necessary I'll fly over and deliver it in person ;)

IndieGoGo actually support direct credit card donations, but a lot of people asked for PayPal as an option and we relented. So donating via. IGG actually works just fine - we have obviously disabled the PayPal option.

Re: PayPal Freezes Mailpile Campaign Funds

#9

Post by andyhmltn » Thu, Sep 05, 2013, 10:33 AM UTC

DoubleMalt wrote: post #6

andyhmltn wrote: post #2

Why do people still use PayPal? Their service is just absolutely insane.

Because indiegogo forces you to do it more ore or less. Glad I didn't donate yet. If necessary I'll fly over and deliver it in person ;)

Oh dear, that's not a good situation then!

Re: PayPal Freezes Mailpile Campaign Funds

#10

Post by zokier » Thu, Sep 05, 2013, 10:34 AM UTC

andyhmltn wrote: post #3

They will only release the funds when version 1.0 ships? Does PayPal not understand that it costs money to create products? That's the entire reasoning behind crowdfunding! 'Well you see this money you said you needed to make version 1.0 of the product? Well you can have it after you've finished'

> That's the entire reasoning behind crowdfunding!

They're not a crowdfunding service, they are a escrow service. The whole point of escrowing is that the service keeps the money safe until the transaction is completed (ie the buyer gets what she was buying).