Any startup that wants to depend on Paypal in any shape or form is only setting up itself for a disaster and world of hurt<p>Paypal are the scum of the scum, with the most clueless customer support, they act like a bank but are not a bank (well here in europe anyways) and hence not subject to same regulations and scrutiny (what little of those there are) so if something happens to your money with them (and its guaranteed they will screw you sooner or later) then you are f%&cked<p>so beware!
considering PayPal's ethically void approach to business there are few things I'd recommend to a startup less than having any sort of involvement w/ them
I think this is great scheme by Paypal, I've a few companies that use PayPal as our main Payment gateway although I've always found there phone support great (a lot of people don't realise you can phone PayPal), sometimes with API errors and integration stuff the forum can be a bit lacking.
So you get $50k in waived fees and dedicated support for no equity? Sounds like a great deal to me, especially if you are wary of working with PayPal. It's a guaranteed whitelist of your account.
I am curious if this has any relation to their recent acquisition of Braintree Payments. If they are instead using Braintree as the payment gateway, it could work out very well for the participants.
paypal might not be great to work with..<p>i've previously had $50k locked for over a year (and thought i'd NEVER get it back). I then vowed never to use them again...<p>but buying stuff with paypal is just SOO easy.. its 3 clicks... so much easier than getting a credit card out.<p>i hate/love dem<p>regardless, this offer is pretty attractive