PayPal stops protecting you when crowdfunding goes bust (updated)

PayPal won't be so crowdfunding-friendly in the future. The payment giant is dropping Purchase Protection for crowdfunding projects as of a user agreement change coming June 25th. From then on, you back efforts at your own risk -- if a campaign goes bust or otherwise doesn't deliver what you were promised, you can't dispute the PayPal charge to get your cash back. You might not want to take a chance on that too-cool-to-be-true gadget, then.
Read more: http://snapzu.com/wildcard/paypal-stops-protecting-you-when-crowdfunding-goes-bust-updated