Posted on September 10, 2013 AT 01:44pm
After locking out Legend of Raven developer Nyu Media’s $118,243 of Indiegogo-fueled crowdfunding last night, PayPal has reversed their position.
“I’m relieved to announce that today we received an email from PayPal’s ‘Office of Executive Escalations,’ advising us t hat they have released all reserve funds and removed all reserve settings from our account,” Nyu Media founder Seon King posted on Legend of Raven‘s Indiegogo blog. “This comes as a HUGE relief for all involved in the development of Yatagarasu AoC [original, Japanese name], as the money raised by our contributors is vital to the game development and pursuing alternative arrangements at this timing would have been hugely problematic.”
Then the account was frozen last night, PayPal informed Nyu Media that they would only release 50 percent of development income prior to the game’s February 2014 launch. According to a PayPal representative speaking to Polygon, the company is still trying to improve their policies to avoid something similarly happening in the future.
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