Author Topic: PayPal freezes Kickfurther account  (Read 3124 times)

WES

  • Jr. Member
  • **
  • Posts: 81
    • View Profile
PayPal freezes Kickfurther account
« on: February 01, 2016, 12:57:47 PM »
Message today from Kickfurther:
Quote
PayPal recently froze the funds in our account. They have a long history of doing this, and recently settled a class action lawsuit related to this as well (https://www.paypal.com/webapps/mpp/class-action-settlement).

Because we need to quickly deploy capital that comes in through PayPal to complete purchase orders for our partner businesses, we obviously can't wait 6 months for our PayPal account funds to be unfrozen.

Until further notice all PayPal transactions are currently blocked on Kickfurther.

WTF?

nonattender

  • Hero Member
  • *****
  • Posts: 726
  • I am not here.
    • View Profile
Re: PayPal freezes Kickfurther account
« Reply #1 on: February 01, 2016, 02:01:57 PM »
Did you actually invest in Kickfurther even after their guy showed up here and got the business end of investor feedback on their model?
(Are you diligently shilling all of your soon-to-be-ex- friends trying to sell leftover dollar-store items from China at a small 900% markup?)
A little nonsense now and then is relished by the wisest men.

bobeubanks

  • Sr. Member
  • ****
  • Posts: 273
    • View Profile
Re: PayPal freezes Kickfurther account
« Reply #2 on: February 01, 2016, 04:36:42 PM »
Quote
recently settled a class action lawsuit related to this as well (https://www.paypal.com/webapps/mpp/class-action-settlement).


I'm not sure that "recently settled" is appropriate terminology for a lawsuit settled over 10 years ago.