Well we've sort of come to an impasse here at 8-Bit Funding. We've unfortunately been unable to work with PayPal in extending the refund period to 120 days instead of the 60 days normally allowed. They basically told us, flat out, "no." As such we've been forced to give up the "Grace Period" until such time as we are able to either find a new payment processor or work out some sort of deal with PayPal.
The good news is that:
1. This does NOT apply retro-actively. If you've already made a contribution to a project, it is still safe under our former "Grace Period" rules, out of our own pocket if need be.
2. We are removing the 10% fee altogether. Developers will retain the entire amount they've collected minus our normal 5% fee.
This really isn't how we wanted to run the site as it leaves everybody a little more vulnerable. However, we assure you that we'll continue to screen projects that look shady to ensure that any contribution opportunities are safe.
So, on a final note: Please do not contribute unless you are 100% willing to depart with your money. We can't afford to refund anybody else from this point on.