Tagged: online payments

Two Big Questions For Indiegogo And PayPal On The Heels Of HealBe’s Crowdfunding Debacle

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We’ve been keeping up with PandoDaily writer James Robinson’s (pictured) digging into HealBe’s Indiegogo campaign. It turns out that Robinson’s search is now leading him toward other Indiegogo campaigns seemingly with similar issues. A recent article dives into claims made during a campaign for the TellSpec, a device whose inventors promised that it would be able to count… Read More

The Funding Continuum Enters Stage Left

Canada Equity Crowdfunding

This article originally appeared in ITBusiness and is being shared with Crowdfund Insider’s readers by Bret Conkin of FundRazr. The rules posted yesterday by Canadian securities regulators are still being digested, but upon first read, they appear very encouraging for Canadian startups, small business and even public issuers. The regulators have struck a balance by… Read More

Crowdfunding & What You Should Know About Online Payments Before Launch

Photo courtesy Sean MacEntee on Flickr - http://www.flickr.com/photos/smemon

Throughout 2013, PayPal and crowdfunding project creators repeatedly found themselves at odds. First it was Lab Zero Games, the company behind the hugely popular campaign for Skullgirls. Paypal froze Lab Zero’s account only to later release all but $35,000 of Lab Zero’s Indiegogo cash. It actually led Lab Zero to file a complaint against PayPal… Read More

Brief: FundersClub Launches “Theme Series” Funds In Three Verticals

fundersclub

FundersClub has announced the launch of the FundersClub Theme Series, a series of managed funds focused on early-stage companies in specific verticals. The first three funds will focus on health & wellness, Bitcoin & payments and hardware. FundersClub is an invite-only equity crowdfunding play. Just last month the platform announced the launch of Venture News, a “Hacker News”… Read More

Celery Nabs $2M Round To Help Crowdfunders Transition To Pre-Commerce

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When we first reported on payment startup Celery, the company had just come out of Y Combinator (by proxy via Airbrite) to launch a payment solution for crowdfunding project creators who had already closed a crowdfunding round. We did an in-depth interview with Chris Tsai and Brian Nguyen a to explore what the company was… Read More

Backer: A Crowdfunding Platform For Software Features From The Makers Of App.net

backer

Earlier this week we reported on a crowdfunding campaign launched by Balanced. It’s interesting in that it seeks to fund a new feature for Balanced’s ever-evolving online payments platform. In this case – and despite the fact that this is still a rewards-based campaign – backers aren’t individuals. Backers of this campaign are mostly comprised… Read More

Balanced Uses Crowdfunding To Float & Fund New Product Feature

matin balanced crowdhoster

We’ve reported on Balanced pretty extensively here at Crowdfund Insider. If there is one thing to know about this innovative online payments company, it’s that they take a really unorthodox approach to building their product, leaning heavily on the tenets of the open source software movement to get things done for their customers. When Balanced… Read More

Crowdfunding Stakeholders Should Be Paying Close Attention To This Twitter Deal

twitter

Remember Amex Sync? Back in 2012, American Express launched the program as a joint effort with Twitter. It offered Twitter users discounts on products for tweeting certain hashtags. The possibility of Twitter entering the e-commerce game has been the subject of a lot of prognostication for a long time in tech media circles, in part… Read More

Only The Beginning, Maybe: Putting Kickstarter’s Insane Growth In Perspective

Kickstarter Logo Black

For a lot of people, crowdfunding is Kickstarter. That is just how big New York City’s rewards-based crowdfunding stalwart has grown. Yesterday saw the release of Kickstarter’s 2013 recap. We covered it here on Crowdfund Insider, and it was inevitably picked up by just about every blog and tech pundit in the world. Wire service? Not when… Read More

Crowdfunding Escrow & Payment API BancBox Invest Shares Early Stats

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BancBox Invest (formerly BancBox Crowd) is a crowdfunding API that we’ve covered in-depth in the past. The escrow and payment solution for crowdfunding platforms recently shared statistics with Crowdfund Insider, and so far things are looking good. The company shared that 18 crowdinvesting platforms are current using their solution. BancBox Invest (previously BancBox Crowd) is the… Read More

Quick Stats: WePay’s Growth In The Crowdfunding Space

wepay

Payment processors have certainly reaped the benefits of the billions of dollars flowing through the crowdfunding space. WePay is no exception, having recently announced that they are processing as much as $1.5 million in crowdfunding contributions per day. Other quick stats… Secured their first API partner in October of 2011 An average of 35% month-over-month… Read More

PayPal Speaks, Releases Full Statement On Crowdfunding Issues

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This statement from Tomer Barel, PayPal VP of Risk Management, was posted yesterday and just shared with Crowdfund Insider. We’re posting this in it’s entirety and letting it speak for itself. TL;DR: it seems PayPal is about to get serious on fixing systemic issues regarding the release of funds to crowdfunding campaigns. The original post… Read More

Balanced CEO Matin Tamizi Responds To PayPal’s Crowdfunding Hiccups

paypal

PayPal has been a frequent subject of crowdfunding news recently for freezing and unfreezing payments for a host of successfully-funded crowdfunding campaigns. These include but are not limited to: Sigmo, Mailpile, GlassUp, Skullgirls and more. We recently came into contact with Balanced, an online payment and escrow solutions provider that has placed some focus on… Read More

Despite Rhetoric, PayPal Continues To Scare Crowdfunders By Freezing Funds

paypal

PayPal has recently made headlines for freezing the funds of successfully funded Indiegogo campaigns like MailPile and GlassUp. Both decisions were eventually reversed and accompanied by statements from PayPal admitting an error. In the MailPile case, PayPal was insistent that the company is committed to supporting crowdfunding campaigns… We have reached out to MailPile and… Read More

WATCH: Balanced Featured In Github Video Series

balanced logo

We recently brought you the story of Balanced, a payment processor and escrow service specializing in P2P marketplaces and crowdfunding platforms. Part of the story around Balanced is their open approach to building a business. A big part of that approach is deep integration with Github, and Recently Balanced was featured in Github’s “OctoTales” series…. Read More

Balanced: Payments & Escrow For P2P Marketplaces, Crowdfunding Platforms

balanced payments

Balanced was created to increase the global economy through payments. As we built Balanced, it troubled me that we had adopted the closed-off culture common to the financial services industry, where everything was locked up for the sake of “competitive advantage.” That wasn’t the kind of company I wanted to build, and over time, we learned… Read More

In-Depth: BancBox’s Payment Solution for Crowdfunding Platforms

BancBoxCrowd

One of the most important decisions any crowdfunding platform will undertake is deciding how to process payments. Platforms operate in a very specific (and complicated) context. In particular, two issues are bound to come up when considering whether to adopt a certain payment solution… Escrow – Placing funds in some form of escrow is core… Read More

Online Payment Processor Stripe Targets Crowdfunding Platforms With Two Offerings

Stripe

Cristina Cordova is in business development at online payment processor Stripe. Stripe is a well-known payment system. I’ve personally worked on Stripe integrations and can say that it’s a very nice system to work with, so my interest was piqued when I saw that Cristina is also active on Quora and often evangelizes Stripe as a… Read More