Amazon forces Unglue.it to Suspend Crowdfunding for Creative Commons eBooks
Amazon Payments has informed us that they will no longer process pledge payments for Unglue.it, forcing us to suspend all active ungluing campaigns. According to a Senior Account Manager at Amazon, Amazon has decided against “boarding fresh crowdfunding accounts at this time”. Amazon has been providing payment services for Unglue.it, as it does for the popular crowdfunding site Kickstarter.
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anti-money laundering policies
Article at PaidContent suggest that it may be anti-money laundering policies that are causing Amazon to stop accepting payments for Unlgue.it
See:
http://paidcontent.org/2012/08/09/ebook-site-unglue-it-hits-bump-after-amazon-ends-crowdfunding-payment-support/
Just to clarify, these would
Just to clarify, these would be anti-money-laundering rules that impose a regulatory compliance & oversight burden on Amazon (and all payment processors) with respect to ALL crowdfunding companies; Unglue.it isn’t engaged in money laundering and there’s no reason for Amazon to suspect it of such.
Andromeda Yelton
librarian at Unglue.it