PayPal to stop offering Purchase Protection coverage for crowdfunding projects
Sunday, May 8, 2016 at 4:12AM
Nicole Batac in News, PayPal, Payments, Press release, app news, crowdfunding

The next time you back a crowdfunding project, don’t expect PayPal to have your back. The service is revising its policy and plans to get rid of Purchase Protection coverage for crowdfunding projects starting June 25th. This change is seen as PayPal’s way to protect itself against the frequency of fraud and failure to deliver of projects on crowdfunding sites. This new policy means that even if you dispute the charge if or when a project fails, the product is broken, or completely fraudulent, PayPal won’t provide relief. This should affect Indiegogo backers more as Kickstarter payments aren’t protected by PayPal already.

Source: PayPal | Via: The Verge

Article originally appeared on Reviews, News and Opinion with a Canadian Perspective (https://www.canadianreviewer.com/).
See website for complete article licensing information.