Tuesday, March 19, 2013

PayPal Stops Foreign Charity Donations From Singapore Accounts | TechCrunch

PayPal Stops Foreign Charity Donations From Singapore Accounts | TechCrunch: PayPal phases out donations to foreign 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.

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