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PayPal’s new policies are more crowdfunding friendly

14
Mar
2014

Last year, PayPal promised to overhaul its policies after getting flak for freezing huge amounts of crowdfunding funds, and today its announced those changes. By the looks of it, PayPal has been working closely with crowdfunding websites to verify each campaign that wants to use its services. If it determines that a campaign is a true crowdfunding project (as opposed to a pre-order vehicle) with no guarantees of a final product, PayPal requires it to plaster a disclaimer on its campaign page.

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