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PayPal stops purchase protection for crowdfunding sites

Payments portal PayPal has updated its terms of service, removing purchase protection for payments made on crowdfunding platforms.

The new policy that will come into effect on June 25, and also drops protections for users paying for gambling and gaming and money paid to government agencies.

The buyer-protection policy helps if a purchase “doesn’t go as planned,” but as of next month, they will no longer foot the bill if your chosen crowdfunding campaign collapses or if the final product isn’t quite what you were after.

This means that you need to be careful before backing any product on Kickstarter.

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Ephraim Batambuze III

Digital guy, Web developer, Tech blogger, Gadgets Reviews, Geeky dad. Email:ebatambuze@gmail.com Twitter:@batambuze WhatsApp/Telegram:+256781665128 Skype:ebatambuze
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