Paypal withholding crowdfunded games money
Yatagarasu Attack on Cataclysm is a PC fighting game that was crowdfunded through Indiegogo this summer. The fundraising managed to earn more than $118,000; money that will help the developer a lot to build their game.
All the money raised were deposited on a Paypal account that was locked down by the company, making impossible for the developer and publisher of the game to access the account.
Paypal consideres that the funding is “reserved” and they will give 50% of the money up front and the rest after the game is completed. Will the developer manage to access all their fundings or will Paypal win this battle?