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Author Topic: MtGox OKPay Withdrawal Delay  (Read 10202 times)
nandika
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April 29, 2013, 06:52:35 AM
 #21

Danny, Apr 25 21:27 (JST):
Hello,

The funds in question have been confirmed as processed and should now appear in your account.

We apologize for any inconvenience this may have caused. If you have any further enquiries, please do not hesitate to contact Mt.Gox Support by responding to this email (should the enquiry relate to this ticket).

Thanks,

MtGox.com Team


Danny, Apr 24 21:31 (JST):
Hello,

Thank you for the email. On checking I can see that the withdrawal is still being processed due to lack of funds on our Okpay account. We have already sent more funds to it and expecting the withdrawals to be processed soon. I will keep you updated.

Thanks,

MtGox.com Team


"nandika", Apr 24 15:33 (JST):
Withdrawal shows error but my okpay account is correct & working. Also I've withdrawn lots before.
Please send my withdrawal ASAP:

2013/04/23 11:46:26   Withdraw   Status: error   $262.58000   $0.00290
Withdraw to account okpay

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April 29, 2013, 07:44:57 AM
 #22

oh.. looks like MtGox wasn't ready to have that that many withdrawals with OkPay... i started advertising their service with my affiliate link... maybe that's one of the reasons why their reserves got exhausted faster than they expected Smiley another probable reason is the btc rate difference between btc-e and mtgox... probably huge money flows go through OkPay to make profit of it.

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April 30, 2013, 03:38:59 AM
 #23

Had a 'error' show up as well today. Not sure what could have gone wrong.  

.SUGAR.
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April 30, 2013, 05:34:02 AM
 #24

Had a 'error' show up as well today. Not sure what could have gone wrong. 


Nothing is wrong, they do this intentionally.  They take your actual deposited cash and use it as a bank float to earn interest for a couple of days.  They don't have margin trading, so they can't claim that they don't have cash to cover withdrawals, when you sell a coin, someone has to have actual cash in their account to buy your coin.

The funny thing is that they are greedy over a few bucks.  They earn about 1% of roughly $10 millions worth of transactions today alone, that is $100000.  If they pay $300 average for their 20 employees (that number is probably high), and $4000 a day for office expenses, they would still make about $90,000 a day.  That is at least $20 millions a year after paying salary and equipment costs, and is probably split between 2-3 individuals.  Pretty good chunk of cash for a subpar service, yet they are greedy.
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April 30, 2013, 06:34:36 AM
 #25

Well that's just plain ole crappy if true.

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March 28, 2014, 09:49:57 AM
 #26

I'm having the reverse problem at the moment; my deposit into Mt-Gox from Okpay seems to be stalled.  Okpay sent it but it is not showing up in my Mt-Gox account yet.  It has been a few hours and usually it is much faster.  I suppose it is due to the problems Mt-Gox is having at the moment.  I should be patient but I want get in an scoop up some coins while they are fairly low.



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March 28, 2014, 09:51:40 AM
 #27

i thought gox was dead man

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March 31, 2014, 01:22:44 AM
 #28

hahaha and he deleted the post very fast. But how is such a mixup even possible? Did he confuse MTgox with btce?

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