Freedom Phone Founder Erik Finman shared how PayPal's decision to ban his account four days after his startup launched destroyed the company's future success.
Erik Finman thought his latest venture was an instant success: the tech entrepreneur's Freedom Phones raked in $3.5 million in sales in just the first week.
Over $1 million of Freedom Phone's $3.5 million in sales had been processed through PayPal. But then the tech giant suspended the company's account, tying up that money for nearly a year, according to Finman. Finman says his freedom phone could have been the next iPhone if his funds weren't tied up by PayPal and other payment processors.
PayPal has previously defended their platform for some banning decisions as attempts to eliminate hate speech.
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