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Author Topic: MtGox withdrawal delays [Gathering]  (Read 555493 times)
levino
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April 18, 2013, 10:27:00 AM
 #1

Hey everybody. My withdrawal from MtGox in Euros via SEPA is heavily delayed. It has been "confirmed" (e.g. cued for execution) for 14 days now. I complained and demanded a cancellation to rebuy bitcoins and sell them on Bitstamp or alike. They refused that and told me to wait "just a little longer" as the transfer is "in the middle of being processed" by their bank (which I find a completely inadequate and unprofessional - if not childish - description of whatever is happening to the transaction right now). I consider this as unacceptable. I wanted to share this experience with other users here so they are warned when considering using MtGox to sell their BTC for Euro. If you had comparable experience please share.

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Moebius327
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April 18, 2013, 10:31:53 AM
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When was the last time someone received his money via Bank transfer from MtGox?

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April 18, 2013, 10:34:36 AM
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+1

Quote
James Support, Apr 18 03:24 (JST):

Hello,

Thank you for the reply. Sorry for the delay and we were able to locate the transaction in question. It appears that our bank is still in the middle of processing the funds,and we will keep you updated once the transactions is processed. We apologize for any inconvenience this may cause.
Let us know if you have any other questions.

Thanks,

MtGox.com Team

You bet this causes inconvenience!

SEPA transactions are regulated by EU law and required to not take more than 1 business day.
BenTuras
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April 18, 2013, 10:43:24 AM
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Same here, could it have to do with the Polish bank account problems Bitcoin-24 is having ?

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April 18, 2013, 01:35:26 PM
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I am waiting for several withdrawals, too.
One of it beeing 2 weeks.
Bugpowder
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April 18, 2013, 03:35:04 PM
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When was the last time someone received his money via Bank transfer from MtGox?

I got a international wire from them yesterday.  Not SEPA though.
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April 18, 2013, 04:17:07 PM
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6 days EUR to SEPA still waiting.

I kinda have a gut feeling that the Polish bank account has been frozen for 7 days and they don't want to say it.
Just my speculation, no fact.

Hope it's 7 days and not 3 months like Bitcoin-24. I was counting on that money.

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bhafner
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April 18, 2013, 06:44:11 PM
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Hi,

I withdrew 196.00 € on 09-04-2013 (DD-MM-YYYY) and 61.46 € on 15-04-2013.

I received the 61.46 € on 17-04-2013 (yesterday).

Although, I still haven't receive the 196.00 € withdrawn earlier...

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April 18, 2013, 07:07:55 PM
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Same for me..-.-
https://bitcointalk.org/index.php?topic=177490.0

I won't use MtGox again that's for sure....
crazy_rabbit
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April 18, 2013, 07:33:20 PM
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6 days EUR to SEPA still waiting.

I kinda have a gut feeling that the Polish bank account has been frozen for 7 days and they don't want to say it.
Just my speculation, no fact.

Hope it's 7 days and not 3 months like Bitcoin-24. I was counting on that money.

In the past Gox has hit transfer limits imposed on them by their bank. Others have run into it in the past. Gox moves a lot of money and considering the massive amount of Fiat Flight and Fiat Entrace of the past week or so it's no surprise that their bank may be slowing them down. Indeed they might be running up against the limits of their business incorporation rights. IE: potentially their are dealing with so much money that the government might require them to be a different type of corporate structure then they are. Or heck- it's always likely that the same people who are DDOSing Gox might be falsely calling in complaints. 

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Dr3AM$cAp3
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April 18, 2013, 07:50:36 PM
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Same for me..-.-
https://bitcointalk.org/index.php?topic=177490.0

I won't use MtGox again that's for sure....

Local p2p is looking better every day, though Gox never looked very good.

New to the game, too much to learn.
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April 18, 2013, 08:33:36 PM
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Or heck- it's always likely that the same people who are DDOSing Gox might be falsely calling in complaints.  

No.

6 days and waiting. Although someone else claims he just got his transfer in 48 hours.

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April 18, 2013, 08:36:34 PM
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I wonder how fast are they when someone tries to withdraw something near $1M

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levino
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April 19, 2013, 05:38:06 AM
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FYI: Since of this morning my withdrawal is "processed".

Withdrawal ordered on 5th April, executed on 19th April.

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zedicus
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April 19, 2013, 09:20:27 AM
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FYI: Since of this morning my withdrawal is "processed".

Withdrawal ordered on 5th April, executed on 19th April.

Is this for SEPA? or US BANK?
levino
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April 19, 2013, 10:30:36 AM
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FYI: Since of this morning my withdrawal is "processed".

Withdrawal ordered on 5th April, executed on 19th April.

Is this for SEPA? or US BANK?

SEPA. I am the thread starter. This update is concerning the withdrawal from the first post on top.

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el_rlee
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April 19, 2013, 01:09:30 PM
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SEPA. Two withdrawals, 8th and 11th of April, nothing arrived yet.
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April 19, 2013, 08:00:35 PM
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Hope you guys get it resolved..  Im a bitfloor refuge looking for new exchange and tho i dont use SEPA its worrisome nonetheless.

Good luck and post your results here please so all the onlookers can see. Hopefully mtgox fixes the issues. Sounds bank related. Eur banks in particular if its just SEPA.
Bugpowder
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April 19, 2013, 08:53:49 PM
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International wire goes on same day or next day for me.  Speed and security are worth the 2000jpy fee IMHO.
levino
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April 20, 2013, 12:34:49 PM
 #20

Hey everybody. My withdrawal from MtGox in Euros via SEPA is heavily delayed. It has been "confirmed" (e.g. cued for execution) for 14 days now. I complained and demanded a cancellation to rebuy bitcoins and sell them on Bitstamp or alike. They refused that and told me to wait "just a little longer" as the transfer is "in the middle of being processed" by their bank (which I find a completely inadequate and unprofessional - if not childish - description of whatever is happening to the transaction right now). I consider this as unacceptable. I wanted to share this experience with other users here so they are warned when considering using MtGox to sell their BTC for Euro. If you had comparable experience please share.
Money arrived on 19th April. Delay ~ 16 days.

BM-2cWwQnMzK9XFTjfn6jSRRJwTG8a2wooR9A
www.coyno.com - www.bitcoinage.de
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