Did you hear about Regretsy?
Apparently a website called regretsy collected a lot of money in donations from their site visitors, with all the money going towards buying toys for children this season. Unfortunately, Regretsy used PayPal to collect and payout the funds, and PayPal decided that their actions weren’t worthy of a charity status. Not only did PayPal charge fees on all the monies collected, they then froze the funds and refused to return the fees! WOW! Read about it here: http://www.regretsy.com/ and here: http://techcrunch.com/2011/12/06/do-you-hear-what-i-hear-yes-its-paypal-stealing-money-from-kids/.
We’d love to hear your suggestions for a good online payment system that our team could use to collect donations for our charitable causes.