"The bad news is, PayPal have frozen our PayPal account. This means roughly $45,000 of the $135,000 we have raised so far are in a state of limbo and we don't know when we will get access to the money"
And the campaign is currently at 137.000 USD. IGG offers PayPal as payment method along with CC payment and from what I've gathered those funds are handled via PayPal. AFAIK the funds at kickstarter are split in a similar fashion depending on the payment provider.
The gist is: For flexible funding campaigns the amount given via PayPal are transferred directly to the campaigns PP account (minus the fees obviously). For fixed funding campaigns the given amount is transferred after the campaign meets the funding goal. Money given via direct Credit Card payment will be cashed out after the campaign reaches its deadline and should arrive within 15 business days.
Mailpile is a flexible funding campaign, so the first rule applies and funds are directly placed in their PP account.
"The bad news is, PayPal have frozen our PayPal account. This means roughly $45,000 of the $135,000 we have raised so far are in a state of limbo and we don't know when we will get access to the money"
And the campaign is currently at 137.000 USD. IGG offers PayPal as payment method along with CC payment and from what I've gathered those funds are handled via PayPal. AFAIK the funds at kickstarter are split in a similar fashion depending on the payment provider.