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PayPal Shuts Down Secret Santa Charity Fund To Help Children In Need

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Way to ruin Christmas, PayPal.

The site has been getting a ton of negative feedback from customers after shutting down a Secret Santa charity drive on the popular website Regretsy. LAME!

Last month, the website's owner began a charity drive on the website to donate money to children in need.

200 children were to receive Christmas gifts paid for by donors. But, when she put the "Donate" button instead of the "Buy" button on the profitable site, PayPal shut down the drive, gave all the money back, and froze her account.

When word got around of the evil PayPal's doing, people began blasting the site. LUCKILY, PayPal realized they were in the wrong and decided to make a donation to Regretsy to help families in need during the holiday season.

Regretsy's owner, April Winchell, said she did have an "encouraging" conversation with PayPal. She added:

"I am extremely grateful to all of you for your efforts. If Paypal is sincere about allowing us to make these gifts, you will have made a difference for 200 children and their families this holiday season."

Phew! Thank goodness Christmas isn't canceled this year!

And kudos to you, April, for doing such a noble deed for children. Bravo!

[Image via WENN.]

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Snoop Pays Further Tribute To Nate Dogg, Starts Trust Fund

Filed under: Snoop

snoop starts trust fund for nate doggs family

Such a nice gesture! These two were clearly very close friends.

As a further tribute to Nate Dogg, who passed away at the tragically young age of 41 earlier this month, Snoop has set up a trust fund for Nate's family "for expenses of services and the financial security of Nate's children. 100% of all donations will be given to Nate Dogg's family."

Snoop is accepting donations to the Nate Dogg Memorial Fund via PayPal, postal mail, or in person.

Very sweet of you, Snoop. We're sure his family sincerely appreciates it.

Will U donate to the Nate Dogg Memorial Fund?

[Images via WENN.]

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Shoppers Shelled Out The Green On Black Friday

Filed under: DisneyBusiness BlitzMacy's

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A good time was had by all on Black Friday, especially retailers.

Between in-store and internet sales on the Friday following Thanksgiving, sales were up as much as 25% compared to last year's dismal holiday season.

Macy's CEO Terry Lundgren said over 7,000 early bird shoppers lined up outside the department store in Herald Square on Friday morning, up 40% from 2009.

Disney also proved to be a big winner, boasting internet sales on the 26th was their "biggest day in history".

Dayum.

Online transaction site PayPal also reported a 25% increase in sales on Thursday and Friday, mostly from "gadgets and toys".

Sounds like there's going to be a lot of happy kids this year!

[Image via AP Images.]

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PayPal Pays Back

Filed under: InspirationCharity

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Peter Thiel (left), co-founder of PayPal, is starting a grant program to encourage kids to start their own businesses.

Thiel does not believe that colleges teach kids enough about entrepreneurship. He is now offering 20 winners, under the age of 20, $100,000 grants to fund new business.

Thiel wants to be able “to encourage potential young entrepreneurs to get get involved in science technology.”

The start up cash is most often the problem for new businesses…but not for these 20 winners!

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