PayPal freezes GlassUp’s $100K crowdfunding money, eventually releases it

“Today, the news is good: PayPal is releasing the funds. ‘It’s great news. It’s wonderful,’ Giartosio told me this morning from Venice, Italy. ‘Now I can open PayPal payments again on the campaign.’ Early this morning, a PayPal representative contacted me with the news. It turns out, on reflection, that there’s nothing nefarious about an Italian wearable computing company — and that PayPal thinks GlassUp is actually a pretty cool product. The question is: How much more successful would GlassUp have been if PayPal had not caused this problem? Or if, even after freezing the account, someone had just Googled the project, picked up the phone, and had a conversation?”

http://venturebeat.com/2013/08/15/paypal-releasing-glassups-indiegogo-crowdfunding-money/

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