PayPal adjusting policies to be more crowdfunding-friendly
PayPal recently announced plans to "overhaul" its policies to become more crowdfunding-friendly. This comes after a number of startups had their funds frozen by PayPal after successful crowdfunding initiatives. Examples of such issues include the momentary pause in the release of Yatagarasu Attack on Cataclysm's funds earned during its Indiegogo campaign, as well as that of Lab Zero Games when it crowdfunded DLC characters for Skullgirls in April.
PayPal VP Risk Management Tomer Barel wrote in an update on PayPal's site that while there are no policy changes to announce today, "in the meantime, we will ensure that each crowdfunding campaign is reviewed by a senior member of my team before any action is taken."
