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Author Topic: Updated: How long to wait for cash to arrive?  (Read 1569 times)
FlyingMoose
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November 23, 2010, 12:59:36 AM
 #1

I sent cash in the mail to trade for bitcoins.  It's been over a week so far.

How long should I wait before I conclude that I've been ripped off and post a negative review?
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MoonShadow
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November 23, 2010, 01:13:45 AM
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I sent cash in the mail to trade for bitcoins.  It's been over a week so far.

How long should I wait before I conclude that I've been ripped off and post a negative review?

If you sent the money internationally, say from the US to a dealer in Canada like I did, it will take much longer than you would assume that it should.  I believe that it took almost three weeks for me.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
FlyingMoose
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November 23, 2010, 01:18:53 AM
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Nope, just within the US.

I'll wait a bit longer though, I don't want to hurt someone's reputation if it's not justified.
BrightAnarchist
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November 23, 2010, 01:31:07 AM
 #4

I did a similar transaction and it took 5 days. I would give it up to 10 though before declaring an issue. If it wasn't mailable, you should have gotten it returned to you. There's only something like a 1% chance that it got lost in the mail.

Don't trade with anyone who doesn't have a good reputation on the forums.
BrightAnarchist
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November 23, 2010, 01:32:11 AM
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Also, with the advent of bitcoingateway.com, I don't think cash-in-the-mail is the best way to buy them anymore.
Bimmerhead
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November 23, 2010, 01:48:02 AM
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Also, with the advent of bitcoingateway.com, I don't think cash-in-the-mail is the best way to buy them anymore.

When did that launch?  That's great we finally have a credit card solution.

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FlyingMoose
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November 23, 2010, 01:52:29 AM
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I've done a lot of reading on the forum and never heard of bitcoingateway.com.  I tried to go there but it says the server isn't responding.

I wish someone would come up with a *real* solution to buying bitcoins.
BrightAnarchist
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November 23, 2010, 01:56:31 AM
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I think it just opened recently. The server is working for me ...

see http://bitcointalk.org/index.php?topic=1888.0

chaord
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November 23, 2010, 03:00:54 AM
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Hi guys.  BitcoinGateway.com is my site.  It's currently open to the public (and you guys) but I haven't started advertising it actively yet (so that I can work out the kinks).  Any feedback is appreciated.

Oh, and Bimmerhead -- check your email Smiley

--Chaord
FlyingMoose
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November 23, 2010, 03:31:37 AM
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The site is working now, looks pretty good. 
nanotube
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November 23, 2010, 04:14:21 AM
 #11

Also, with the advent of bitcoingateway.com, I don't think cash-in-the-mail is the best way to buy them anymore.


nor with the earlier advent of bitcoin-otc, there's been btc-ppusd trading going on based on a web of trust there for a while now. beats cash in mail, as far as i'm concerned.

bitcoingateway looks great and quite useful, though! Smiley

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BrightAnarchist
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November 23, 2010, 04:24:03 AM
 #12

Yep.

Although I must say, cash in the mail can be quite fun when it works out Smiley

I don't know why, it just has a certain excitement to it...
nanotube
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November 23, 2010, 04:24:42 AM
 #13

Yep.

Although I must say, cash in the mail can be quite fun when it works out Smiley

I don't know why, it just has a certain excitement to it...

haha interesting point. Smiley

Join #bitcoin-market on freenode for real-time market updates.
Join #bitcoin-otc - an over-the-counter trading market. http://bitcoin-otc.com
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FlyingMoose
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February 10, 2011, 12:05:48 AM
 #14

The cash I sent just arrived in my mail today, marked "insufficient address".  So, that's almost 3 months that it was in the postal system.
ribuck
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February 10, 2011, 10:55:06 AM
 #15

The cash I sent just arrived in my mail today, marked "insufficient address".  So, that's almost 3 months that it was in the postal system.

Then there is still hope for me! I mailed a payment two months ago which didn't arrive.
Binford 6100
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February 10, 2011, 03:59:11 PM
 #16

The cash I sent just arrived in my mail today, marked "insufficient address".  So, that's almost 3 months that it was in the postal system.
and did not get lost (keeping in mind how big and federal US are)
good work!

You can't build a reputation on what you are going to do.
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