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.
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Spank_My_Bottom ago
What donation platform do you prefer now? Bitcoin? Patreon? Wireless transfer?
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Edit: I had researched and set up Bitcoin Wallet and sent some funds to it, they will be all donated to Voat. I encourage the rest of the users to do the same.
Nevertheless, many people will not be willing to go through that hassle, voat should consider setting up their own credit card gate or allow people to send money via SOPA transaction.
Skanda ago
Bitcoin is the answer.
Nobody can arbitrarily decide to "limit your Bitcoin wallet".
It's technically impossible.
SilverBanana ago
On the other hand, the bitcoin and other cryptocurrencies fluctuate even more than rest of FX market and there is certain hustle and expenses in transfering the funds to state currency.
Reddit_Exodus ago
Fluctuation doesn't matter if you just buy it and immediately transfer. As long as you can immediately go Paper->Bitcoin->Paper only a few cents will be lost in transfer fees.
SilverBanana ago
No buying or selling is really immediate, I wonder just how volatile can the whole ordeal be. Maybe I am overstating the effect since we are not talking millions here, more like ten of thousands dollars if all goes well.
Reddit_Exodus ago
I have used crypto currencies before. They do not change within half an hour.
SilverBanana ago
True, and there are even bitcoin derivatives now!
Reddit_Exodus ago
I was in the dogecoin hype train. Sold out before it crashed. Bought a few games. Won out in the end.
SilverBanana ago
Voat should still accept dogecoin. It is valid cryptocurrency.
Reddit_Exodus ago
I also think it is much more stable now. Only fluctuates a few BTC per day and usually the average stays the same.