Bitcoin Forum

Economy => Service Discussion => Topic started by: bernard75 on June 20, 2013, 12:28:01 PM



Title: Bitspend.net funds seized and service closed
Post by: bernard75 on June 20, 2013, 12:28:01 PM
http://www.reddit.com/r/BitSpend/comments/1go95b/updatenews_why_we_have_been_slow_and_taking

Quote
Chase bank and another bank, have both decided that we as a Bitcoin based business are "Too High Risk" of clients, and have frozen/shut down our accounts. We were NOT given notice, and we were simply told "your funds will be sent to you by check within 30 days". This is not something we were ever warned about, given notice of, or even received the courtesy of a phone call from the bank beforehand.

This is becoming increasingly annoying!


Title: Re: Bitspend.net funds seized and service closed
Post by: painlord2k on June 20, 2013, 01:02:44 PM
More banks do this, more the ones not doing it will profit not doing it.
 ::)


Title: Re: Bitspend.net funds seized and service closed
Post by: MPOE-PR on June 20, 2013, 03:05:18 PM
Quote
Chase bank and another bank, have both decided that we as a Bitcoin based business are "Too High Risk" of clients, and have frozen/shut down our accounts. We were NOT given notice, and we were simply told "your funds will be sent to you by check within 30 days". This is not something we were ever warned about, given notice of, or even received the courtesy of a phone call from the bank beforehand.

Quote
Oh hi we are new firm of running Bitcoin-fiat interface services without the slightest clue as to how stuff works or even a cursory read through the fiat documentation. Please take us seriously! We are a business! Entrepreneurs! Change the world! Rawr!

Funny shit.


Title: Re: Bitspend.net funds seized and service closed
Post by: joesmoe2012 on June 21, 2013, 01:46:34 AM
What was the other bank?