Hacker News new | ask | show | jobs
by jusben1369 4035 days ago
Weird he or she blames PayPal much more than Indiegogo. PayPal is the one who carries all the risk (if you aren't legit and people demand their money back after you fled) while IG watches this play out in their front yard over and over again and says nothing. And the reference to a rifle and other sections about physical violence being the only way PayPal will learn are disturbing.
1 comments

Oh, but Paypal has been doing this to a whole lot of people for a very long time. There's plenty of horror stories of this kind.

In fact, he should've known that they are really, really biased against crowdfunding, pre-paying for events and processing lots of payments for non-physical goods.

The reasons technically make sense, but in reality, they should be able to do that without issues - it's not the early 00's, after all.

But it's like Paypal wants to be a "small payments" processor, instead of holding large amounts of money for other people. Maybe there are legal reasons for this...

Agree wholeheartedly that PayPal's issues with crowdfunding are well known.