I was just doing the same thing .... same source linked as above ...the irony of these quotes:
Especially with fraud, exchanges have problems. Virtual or not.1. In our highly regulated economy, moving money legally and operating anonymously don’t go hand in hand. Converting anything to real cash means at some point you have to prove who you are. It’s part of modern regulation and is there for good reasons. Naturally, it also becomes a point for potential fraud. Eventually, the numbers hit someone’s balance sheet and they will be reported, taxed, or penalized.
2. Any platform will be abused to the fullest extent possible, if not well controlled.
This is prevalent in Paypal’s history and a chapter in any payment network’s history.
Everyone at one point has had a fraud problem and has been targeted by the mafia, drug runners, and an assortment of people who traditionally no one wants to do business with.
3. If allowed, fraud will run free and someone will be held responsible for it
What everyone probably doesn’t want me to say.Have we found suspicious and fraudulent activity? Yes.
Do we deal with it accordingly? Yes.
There will always be endless amounts of attempted fraud. If it goes unchecked and ignored, the hellishly brutal onslaught of soul (and time) devouring problems that will stem from it will forever alienate any platform and its users.
The way Dwolla looks at itIf you are:
A legitimate US user
Accessing your own money
Engaging in a legal transaction
Then you should probably be able to use Dwolla how you’d like. If your intention is to buy a truckload of bananas and let them rot in the sun for a week so you can make a killing on banana bread, we won’t interfere. Doesn’t seem like a sound idea, but we won’t stop you.
We care about people legally accessing their own money and engaging in a legal transaction. If they are doing that then it’s not really our right to wag our finger and say, "that’s not ok."
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