PayPal Updates Its Policies

PayPal has updated its policies related to releasing funds attained through crowdfunded projects. The firm’s chief risk officer, Tomer Barel said in the company’s official blog that the amendment is a distinction between preselling and crowdfunding. “Crowdfunding is essentially different from regular ecommerce,” he mentioned. “There is a distinction between crowdfunding and “preselling”. In crowdfunding, the method involves speculatively supporting …