Paypal Won't Release Funds To Slain Soldier's Family
robustyoungsoul writes "Popular sports blog Deadspin established the Adam Knox Fund for the purpose of raising money in honor of the fallen soldier who was killed in Iraq. They took the donations through a PayPal account.
Turns out now, however, PayPal will not release the money due to the way the account was set up on their end."
"Paypal Won't Release Funds To Slain Soldier's Family"
That isn't quite true, they are holding the funds until mid April, probably due to somebody screwing up. I'm not convinced that it was Paypal's mistake to begin with.
"Paypal Doesn't Want Slain Soldiers' Families To Receive Aid"
Come on now, yea, there may have been a mistake made, but it has nothing to do with the money going to a Slain Soldiers' Family.
Why the need for so much drama?
It could be worse, it could be Monday.
Lesson learned to all: if you're going to claim you're a nonprofit organization, BE A NONPROFIT ORGANIZATION.
This site was not nonprofit, and was having the funds sent to their own, private account.
Yes it's sad, but ask yourself the following: could you trust a nonprofit paypal donation if you knew that they only had to casually mention that they were nonprofit? That they didn't have to prove it?
There's nothing stopping the people who run that website, other than personal honor, from pocketing the cash and giving the finger to everyone who donated. And THAT is why PayPal has those policies. I'm surprised that they'd even hand over the cash after 180 days in fact.
It's sad, yes: but in the future, they should know to make an actual nonprofit organization with its own account. Doing such a thing isn't that hard: you just have to apply, and make a seperate checking account. My club at High School did it, and the people in that club were a bunch of idiots, especially in High School (myself included).
-Vendal Thornheart
If PayPal wants to continue pretending to be a bank, they should be regulated like one.
"The Federal Reserve is a fraudulent system."--Lew Rockwell
End The FED. -
Buddy, if your definition of evil is PayPal then you need some serious help.
PAYING with PayPal is rarely the problem. It's GETTING YOUR MONEY BACK from PayPal where all the issues come up. All their policies are designed to do one thing: keep the cash in their accounts, earning interest for them, for as long as possible. As a payer, I've never had any issues.
Dude, I think I can see my house from here.