Startup Founder Claims PayPal Froze $20,000 in Funds, Then Offered Him a Business Loan

The founder of Hacker Paradise, a startup that organizes trips for entrepreneurs who want to work while traveling the world, has a bone to pick with PayPal

In a widely circulated Medium post, Casey Rosengren details how one month after Hacker Paradise opened a PayPal account, the company froze all of its assets, totaling $30,000

Given that Hacker Paradise is a travel company and receives funds from all around the world, this wasn’t surprising, Rosengren writes, and after some back and forth, the company was able to get $10,000 released. In the meantime, Rosengren and his co-founders scraped together personal funds in order to keep the company’s cash flow positive. READ FULL ARTICLE WITH LINK BELOW

via Entrepreneur: Latest Articles


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