PayPal tweaks its policy to address crowdfunding issues
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PayPal has gotten itself some bad press over crowdfunding, in particular for withholding funds certain companies need to develop their projects. Now, the payments site reveals that it has put changes in place to address those problems. In a blog post today, Chief Risk Officer Tomer Barel says PayPal has started to engage crowdfunding campaign owners early on so it can understand the campaign goals and help to ensure these campaigns are compliant with its policies, as well as government regulations. To avoid the regulatory and risk issues — as well as upset customers — that crop up when crowdfunding...
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