Burned by PayPal

This article first appeared in issue 226 of .net magazine – the world's best-selling magazine for web designers and developers.

“Using PayPal to receive funds for your business seems to be a game of Russian roulette,” argues UX designer Aral Balkan. He’s one of an increasing number of web conference organisers who claim to have been ‘burned’ by the payment giant.

The main sticking point seems to be the way the payment company can lock accounts for significant periods of time, freezing a business’s funds – often when it most needs them.

This can cause big problems for organisers of web conferences. In Balkan’s case, a month before his Brighton event, Update 2011, a three-month freeze was placed on the conference’s accounts. “What business can survive without cash flow for three months?” he protests.

Thank you for reading 5 articles this month* Join now for unlimited access

Enjoy your first month for just £1 / $1 / €1

*Read 5 free articles per month without a subscription

Join now for unlimited access

Try first month for just £1 / $1 / €1

TOPICS

The Creative Bloq team is made up of a group of design fans, and has changed and evolved since Creative Bloq began back in 2012. The current website team consists of eight full-time members of staff: Editor Georgia Coggan, Deputy Editor Rosie Hilder, Ecommerce Editor Beren Neale, Senior News Editor Daniel Piper, Editor, Digital Art and 3D Ian Dean, Tech Reviews Editor Erlingur Einarsson and Ecommerce Writer Beth Nicholls and Staff Writer Natalie Fear, as well as a roster of freelancers from around the world. The 3D World and ImagineFX magazine teams also pitch in, ensuring that content from 3D World and ImagineFX is represented on Creative Bloq.