The reason given was "Under the Acceptable Use Policy, PayPal may not be used to send or receive payments for certain sexually oriented materials or services or for items that could be considered obscene". This is wrong/false on so many levels. We used PayPal only as a means to receive voluntary donations from people who wanted to support further development of Voat and to help pay for our hosting fees. This is beyond crazy.
According to PayPal User Agreement, our funds can be kept by PayPal for 180 days. I requested further clarification from PayPal, but I would like to advise everyone who planned to donate to Voat - to NOT do so via PayPal.
Honestly, I don't know what I expected when I trusted PayPal with our donation money. I apologize to everyone who donated to us through PayPal and I will badge everyone who did so even if the funds are never released by PayPal.
view the rest of the comments →
Vox ago
This whole story is going to make a great book on day.
Bug_Catcher_Joey ago
There's a great book "Founders at work" which features long interviews with entrepreneurs responsible for starting successful tech companies (Max Levchin from PayPal is in there too). I wouldn't mind a sequel featuring Atko 5 or 10 years from now.