Google

PayPal promises to better support crowdfunding

Written on:September 13, 2013
Comments are closed

After admitting that handling the “funding” part of crowdfunding has been a challenge, PayPal has officially promised better support with new policies in the coming months. Engadget spotted the company’s blog post, which slipped out inconspicuously on Wednesday and details PayPal’s difficulty with funding groups in a timely manner while remaining compliant with the government. It’s unclear what new policies or processes will be in place, but it’s likely a welcome relief for entrepreneurs and artists who have seen their newfound funds frozen after campaigns have completed.

Related research and analysis from GigaOM Pro:
Subscriber content. Sign up for a free trial.

  • How consumer media will change in 2013
  • Examining the rise of crowd labor platforms in 2012
  • Crowdfunding’s rapid growth and future opportunity


GigaOM

Sorry, the comment form is closed at this time.