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Paypal Payment Protection to End for Crowd-Funding

Posted May 10, 2016 by Suzie Ford

Paypal Payment Protection to End for Crowd-Funding

Paypal has announced that users participating in crowd funding initiatives will no longer qualify for payment protection. Included crowd-funding services falling under the new rules are Indigogo and KickStarter. Paypal indicated that these initiatives embody too many "risks and uncertainties".

Beginning June 25th, those supporting crowd-funded projects will no longer be able to submit a claim to recover cash.

SECTION 13.3 Ineligible Items

We’re updating the list of items that are not eligible for Purchase Protection.  The new items that will not be eligible are: 

  • Payments on crowdfunding platforms
  • Anything purchased from or an amount paid to a government agency
  • Gambling, gaming and/or any other activity with an entry fee and a prize

We’re also clarifying the exclusion for items equivalent to cash to now include stored value items such as gift cards and pre-paid cards.

You can read the full notice of the change to the User Agreement on the PayPal site.

Via GamesIndustry.biz

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Suzie Ford / Suzie is the Associate Editor and News Manager at MMORPG.com. Follow her on Twitter @MMORPGMom

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