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 http://ift.tt/1n8Dchp

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s