Remember the guy who collected tens of thousands of dollars for Katrina victims and PayPal just closed their account and stole all the money?
This POS company is a blight on humanity. Neither their executives nor the government officials that should be regulating them care, since they’re all laughing all the way to the bank.
I honestly want to see govt. regulate this, I am honestly curious how can these guys have been evading govt regulation for so long, like this is getting as bad if not much worse than Big Tech. Or maybe it's part of big tech, this bs just doesn't make any sense to me.
See I would rather 1 scammer get away if it means 100 legitimate fund raisers get to keep operating.
Canada's Trudeau showed the world what the nightmare scenario is: he single-handedly and with no evidence, decided that donating to a cause was retroactively illegal and every donor in his jurisdiction will have their assets frozen extra-judicially. No thanks.
> Remember the guy who collected tens of thousands of dollars for Katrina victims and PayPal just closed their account and stole all the money?
I do remember that guy, his name was Richard “Lowtax” Kyanka (he died). PayPal offered to donate the money to United Way, and Lowtax refused. The money was refunded by PayPal to the donators minus forex fees[0].
> PayPal offered to donate the money to United Way, and Lowtax refused
It's important to remember why Lowtax refused:
>The Paypal representative said they can only donate money to the United Way; you know, the organization where the president was sued for stealing half a million dollars from them. You know, the organization with a loathsome two star rating, that spends nearly double the amount of money in "administrative overhead" (read: advertising) as Red Cross. It turns out that this is what the United Way is famous for. They weasel their way into companies and sign contracts with them, blocking the corporations from accepting donations to any other charity. I guess it's fitting Paypal chose to team up with them.
This POS company is a blight on humanity. Neither their executives nor the government officials that should be regulating them care, since they’re all laughing all the way to the bank.