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The blocked funds are needed by the company to produce a new batch of devices.
The Flipper Zero development team said that the PayPal payment system blocked the business account of the company for the production of "tamagotchi for pentesters", and froze $ 1.3 million for more than 2 months without explanation.
In the summer of 2023, Flipper Zero opened sales of devices. Users had the opportunity to pay for the order using a card or PayPal. Moreover, the second payment option was chosen by more than half of the customers.
A few days after the start of sales, PayPal requested some documents from the developers as part of the compliance process, which were promptly provided by Flipper Zero.
According to Flipper Zero, PayPal tech support doesn't know what's going on. At the same time, the financial situation is quite critical. The blocked funds are required by the company for the production of a new batch of devices.
The Flipper Zero development team said that the PayPal payment system blocked the business account of the company for the production of "tamagotchi for pentesters", and froze $ 1.3 million for more than 2 months without explanation.
In the summer of 2023, Flipper Zero opened sales of devices. Users had the opportunity to pay for the order using a card or PayPal. Moreover, the second payment option was chosen by more than half of the customers.
A few days after the start of sales, PayPal requested some documents from the developers as part of the compliance process, which were promptly provided by Flipper Zero.
According to Flipper Zero, PayPal tech support doesn't know what's going on. At the same time, the financial situation is quite critical. The blocked funds are required by the company for the production of a new batch of devices.