> Crowd supply does not accept paypal.
> Is that because crowd supply does not accept paypal
.... where do i start? ok let's start gently with a *few* choice stories.
http://www.inc.com/eric-markowitz/paypal-crowdfunding-mailpile-foes-friends.html
http://brown-moses.blogspot.co.uk/2013/05/paypal-effectively-destroys-my.html
http://www.carbonated.tv/technology/crowdfundings-paypal-and-scam-problem
https://news.ycombinator.com/item?id=9629341
http://venturebeat.com/2013/08/14/glassup-raised-100k-on-indiegogo-but-paypal-is-refusing-to-pay-up/
but my all-time favourite one is this:
http://garethhayes.net/paypal-warning/
where the guy basically got over 600 people to register for class-action
lawsuit against paypal in under 48 hours.
i think these two sentences basically say it all though:
"Accepting Paypal for crowd-funding campaigns creates a massive liability for
the campaign owners as well as campaign funders and in my humble opinion is
simply not worth it."
"All the evidence points towards Paypal’s core business model involving
EARNING INTEREST WITH FUNDS STORED WITH THEM"
does that help answer your question, tonlee? :)
