Charles Cormiercharlescormier.com

PayPal Holds $136,000 - Startup Faces Major Challenge!

2 Jan 2024 · 0 min

Watch on YouTube

0:08

A startup founder describes how PayPal froze $136,000 in client funds with a 180-day hold, refusing to do business when the company was under two years old. The hold created a major cash crisis at a critical moment.

Yes. Just like any businesses, you know, you must have faced some pretty intense challenges. So what were they, and how did you resolve these?
Oh, Charles, the big one was when I woke up and I got an email from PayPal. Company wasn't even 2 years old yet. And they said, we're keeping your money for 180 days and choosing not to do business with you. There was $136,000 that we collected from clients.

More from Charles

24:44

He Built Carta from 0$ to $100M

10h ago

5:07:42

Founder Wisdom: the audiobook, version 2 (5 hours of stories from founders and CEOs)

13h ago

2:52:44

8 CEO Questions I Love Asking: the audiobook (64 founders answer, in their own words)

13h ago

25:04

John Normoyle - Founder @ Content Joinery

15h ago

1:32:48

Interview Them: the full GTM Ventures system (audiobook) | Charles Cormier

16h ago

22:08

Dean Koenning - Founder & CEO at VOICO

18h ago

24:26

Eric Frost - Managing Partner at Demos

2d ago

19:23

Jonathan D. Fox - Founder & Managing Partner @ Z2

2d ago

0:17

drastic diet & exercise: 6000 to 600 calories

2d ago

25:52

IS AGI HERE?

3d ago

1:05

mapping space roads: nasa retirement leads to lunar & martian mapping

3d ago

See all content