Simon Collison, New Adventures in Web Design Conference

"The major obstacle is processing money for the tickets, and the problems PayPal create for me. It’s their policy to retain a major chunk of funds until after the event, and there’s no way around this, which causes serious cashflow issues for me. In order to pay the remaining significant overheads I had to borrow over £25,000 from an unnamed source, and I only received that remaining amount from PayPal in March. Myself and other organisers talk about this regularly, assessing alternatives and considering creating our own payment method, but for now PayPal has us all by the short and curlies."

From: an interview with Matthew Telfer.

  1. conferencesburnedbypaypal posted this