Paypal Will No Longer Protect Future Kickstarter Projects | Chat 'n' Go

Paypal Will No Longer Protect Future Kickstarter Projects

Kickstarter is a service that allows you to support your favorite projects while they are in development. In the past Kickstarter is known to have projects that simply been canceled, fall apart or no success which if user pledged with Paypal as a way of payment, they could get a full refund from  Paypal.

Starting on 25th of June PayPal will no longer protect users from Kickstarter project according to PayPal’s updated agreement. Although not all projects are protected by PayPal, this still could effect on future projects. Regardless of the outcome of the project, users will have to find another way of getting full refunds.

According to Paypal’s statement made to Engadget:

In Australia, Brazil, Canada, Japan, United States and certain other countries, we have excluded payments made to crowdfunding campaigns from our buyer protection programs. This is consistent with the risks and uncertainties involved in contributing to crowdfunding campaigns, which do not guarantee a return for the investment made in these types of campaigns. We work with our crowdfunding platform partners to encourage fundraisers to communicate the risks involved in investing in their campaign to donors.

This move is unfortunate, but we all know that not all Kickstarter project can deliver as they promised and by supporting them is a risk to be taken.

Share

Kenny Chu

Kenny Chu is the main editor for the site which happens to be a owner and calls this site his own personal blog. Love tech and gaming and is here to report news about it.

Leave a Reply