PayPal Stops Charity Donations From Singapore Accounts

techcrunch.com 19 Mar '13, 4pm

PayPal Stops Charity Donations From Singapore Accounts

PayPal phases out donations to non-profits and charities from Singapore accounts starting tomorrow, the 21st of March, and will complete this by the end of the month. This decision is a result of PayPal failing to get a remittance license in the country from the Monetary Authority of Singapore. PayPal was able to offer remittance services over the years, till the governing body issued an instruction recently that required PayPal to stop this function in lieu of a license. Besides donations, buying goods from non-profits overseas is also not allowed, because they aren’t registered as commercial entities. The only way for a Singapore account holder to donate to a foreign charity through PayPal is if the latter has a Singapore arm set up in the country and registers itself with the payments provider. Phasing out donations is the second step of the company’s reaction to the re...

Full article: http://techcrunch.com/2013/03/19/paypal-stops-charity-don...

Tweets

@ning225 » 26 Mar '13, 2pm
[link] No point to use Paypal
@dinnie » 22 Mar '13, 6pm
@crepetastic 21st March. Which is basically two days ago. [link]
@perpetualfunk » 20 Mar '13, 7am
Paypal doesn't have a remittance license from MAS eh? [link]
@postmuseum » 20 Mar '13, 6am
Terrible! PayPal Stops Charity Donations From Singapore Accounts [link] via @TechCrunch
@rob_thomas10 » 20 Mar '13, 5am
RT @Illustrateit: PayPal Stops Foreign Charity Donations From Singapore Accounts - [link]
@All_Trends_IT » 19 Mar '13, 8pm
PayPal Stops Foreign Charity Donations From Singapore Accounts [link] via Victoria Ho
@MerkleRMG » 19 Mar '13, 7pm
Interesting read - RT @nonprofitnews24: PayPal Stops Charity Donations From Singapore Accounts - TechCrunch [link]
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» 19 Mar '13, 4pm
PayPal Stops Charity Donations From Singapore Accounts: PayPal phases out donations to non-profits and charities... [link]
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PayPal Stops Charity Donations From Singapore Accounts [link]