SIGMO Receives Reprieve from PayPal Freeze Out

 

PayPay CheckmarkThree days ago SIGMO, a voice translating device crowdfunding on Indiegogo, was hit by the PayPal Freeze Out which has impacted multiple other crowdfunding campaigns.  Today they received good news which now allows contributors to utilize the PayPal platform to support their campaign once again.
Marti Karrer posted an announcement 8 minutes ago

 

SIGMO translation deviceDear Sigmo Supporters,

We have good news for today. Our PayPal account is unfrozen. We hope this problem will not happen again. Now you can contribute through PayPal system.

You can find more information about PayPal and Crowdfunding here:

http://venturebeat.com/2013/09/13/paypal-said-its-updating-its-policies-to-play-nice-with-crowdfunding/

https://www.paypal-forward.com/leadership/paypal-and-crowdfunding/

As noted above – and as we have covered on these pages – PayPal is in the process of updating their policies and procedures to accommodate the growing crowdfunding universe.

 

 


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