Bitcoin Forum
October 24, 2017, 10:01:32 AM *
News: Latest stable version of Bitcoin Core: 0.15.0.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Dwolla no longer allowing transfers to bitcoin exchanges  (Read 1634 times)
testerx
Hero Member
*****
Offline Offline

Activity: 572



View Profile
October 10, 2013, 07:37:11 PM
 #1

Just found out-apparently Dwolla will no longer allow any Bitcoin exchange to transfer money with them anymore!   Luckily there are several other alternatives now but it's one less option now.  
Quote
Dear Dwolla Account Holder,

As you know, Dwolla does not sell, accept, mine, value, take possession of, or hold Bitcoin or any other virtual currency product, and none of Dwolla’s users transact business with Dwolla using Bitcoin or any other virtual currency product. However, recent interest involving virtual currency and its exchanges has created uncertainty and confusion around virtual currency, and Dwolla's relationship with a small number of its exchanges. This has forced Dwolla to reassign resources, funds, and services.

As Dwolla gears up for a new stage of growth, we recognize that we can no longer sustain this merchant base (.1 percent of Dwolla merchants) and its unique needs, and that attempting to do so jeopardizes both of our communities' starkly different, but similarly ambitious, vision for improving payments.

Effective October 28, 2013 at 4pm CT, Dwolla will be withdrawing its service offerings to virtual currency exchanges and virtual currency related services.

What does this mean?
Your account, and its functionality, will remain unaffected. However, you can deactivate your account from within your Dwolla dashboard, if you so choose.
Dwolla aims to provide its users and the few affected merchants with the guidance necessary to ensure a smooth transition. To do that, we encourage users to over-communicate with our support team, report any suspicious activity, and revisit our terms of service to ensure uninterrupted services.
What is the timeline of events?
October 10: Only existing users with a 30-day history with Dwolla will be able to send funds to merchants affected by this change.
October 15: Affected merchants will be limited to sending money only, and will no longer be able to receive funds from customers. They will be able to issue refunds to customers at this time.
October 28: Affected merchants’ accounts will be suspended. No further activity will be provided.
October 29: Provided no security or fraud concerns, Dwolla will transfer any of the remaining funds inside the affected merchant's Dwolla account to its linked bank account.
The decision to remove anyone from the network -- no matter the circumstances -- is not something Dwolla takes lightly. We are grateful for the opportunity to service and learn from these users. We wish the community and its pioneers the best.

Sincerely,
Dwolla Support
1508839292
Hero Member
*
Offline Offline

Posts: 1508839292

View Profile Personal Message (Offline)

Ignore
1508839292
Reply with quote  #2

1508839292
Report to moderator
1508839292
Hero Member
*
Offline Offline

Posts: 1508839292

View Profile Personal Message (Offline)

Ignore
1508839292
Reply with quote  #2

1508839292
Report to moderator
1508839292
Hero Member
*
Offline Offline

Posts: 1508839292

View Profile Personal Message (Offline)

Ignore
1508839292
Reply with quote  #2

1508839292
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1508839292
Hero Member
*
Offline Offline

Posts: 1508839292

View Profile Personal Message (Offline)

Ignore
1508839292
Reply with quote  #2

1508839292
Report to moderator
joesmoe2012
Hero Member
*****
Offline Offline

Activity: 756


Ching-Chang;Ding-Dong


View Profile WWW
October 10, 2013, 07:37:56 PM
 #2

I don't think this effects Campbx, they have been accepting dwolla for a while - though I could be wrong.

BCB
CTG
VIP
Legendary
*
Offline Offline

Activity: 1036


BCJ


View Profile
October 10, 2013, 07:40:06 PM
 #3

I don't think this effects Campbx, they have been accepting dwolla for a while - though I could be wrong.


according to the email they just sent you are wrong.
stex2009
Hero Member
*****
Offline Offline

Activity: 896


View Profile
October 10, 2013, 07:44:41 PM
 #4

I don't think this effects Campbx, they have been accepting dwolla for a while - though I could be wrong.


according to the email they just sent you are wrong.
looks like no (dwolla <-> campbx) after a few days?
testerx
Hero Member
*****
Offline Offline

Activity: 572



View Profile
October 10, 2013, 08:05:40 PM
 #5

I don't think this effects Campbx, they have been accepting dwolla for a while - though I could be wrong.

It means that from now until October 14 you can still send money over to CampBX if you have an aged out account, but then after that Dwolla will only be able to send to you for another 2 weeks before everything is shut off.  Luckily CampBX has several other options for withdrawal but it's still rather annoying that Dwolla is doing this. 
Cubic Earth
Hero Member
*****
Offline Offline

Activity: 738


HAZZA Token Sale October 3rd


View Profile
October 10, 2013, 08:19:44 PM
 #6

I think Bitcoin will survive this affront to its dignity, but my arbitrage system is about to suffer a serious blow.

       ▄▄█████████▄▄
    ▄██▀▀         ▀▀██▄
  ▄██▀   ▄███████▄    ██▄
 ▄█▀  ▄██████▀▀  ▄▄▄   ██▄
▄█▀  ▄█████▀  ▄██████▄  ██▄
██  ▄████▀  ▄█▀ ██████▄  ██
██  ████▄ ▄█▀ ▄█▀ ▀████  ██
██  ▀██████ ▄█▀  ▄████▀  ██
▀█▄  ▀██████▀  ▄█████▀  ▄█▀
 ▀█▄   ▀▀▀  ▄▄█████▀   ▄█▀
  ▀██▄   ▀███████▀   ▄██▀
    ▀██▄▄         ▄▄██▀
       ▀▀█████████▀▀
.HAZZA.
█████▀
███▀
██  ▄█
██▄██▀
███▀ 
█▀  ▄█
  ▄███
▄██▀██
█▀  ██
  ▄███
▄█████

█████▀
███▀
██  ▄█
██▄██▀
███▀ 
█▀  ▄█
  ▄███
▄██▀██
█▀  ██
  ▄███
▄█████
.
▬▬▬   Mentioned in   ▬▬▬
[CNBC] [BLOOMBERG]

█████▀
███▀
██  ▄█
██▄██▀
███▀ 
█▀  ▄█
  ▄███
▄██▀██
█▀  ██
  ▄███
▄█████

█████▀
███▀
██  ▄█
██▄██▀
███▀ 
█▀  ▄█
  ▄███
▄██▀██
█▀  ██
  ▄███
▄█████
theonewhowaskazu
Sr. Member
****
Offline Offline

Activity: 448


View Profile
October 10, 2013, 09:08:17 PM
 #7

Well, dwolla just about killed itself just now, didn't it Cheesy

I was never a big fan of it, anyway. ACH generally works better.

Darkwill
Newbie
*
Offline Offline

Activity: 3


View Profile
October 10, 2013, 09:12:42 PM
 #8

I knew this was coming. The government is exerting direct pressure to everything that makes BTC usable in the US.
stex2009
Hero Member
*****
Offline Offline

Activity: 896


View Profile
October 11, 2013, 05:53:50 PM
 #9

So campbx will suffer because of this! do they have a stock I can short?
StuffOfInterest
Sr. Member
****
Offline Offline

Activity: 379


View Profile
October 11, 2013, 08:07:15 PM
 #10

Wonderful timing.  I just signed up for Dwolla and CampBX on the basis of being able to use them to move money in and out of Bitcoin without resorting to wire transfers or mailing paper.

Miner Control to get auto algorithm switching for multiple mining services. (please donate if you like)
Could Proof of Blockchain (PoBC) help secure a coin and avoid runaway ASIC mining?
ScaryHash
Hero Member
*****
Offline Offline

Activity: 528


View Profile
October 12, 2013, 04:15:13 AM
 #11

Wonderful timing.  I just signed up for Dwolla and CampBX on the basis of being able to use them to move money in and out of Bitcoin without resorting to wire transfers or mailing paper.

You can still do an ach deposit from CampBX for 2 bucks. Not too bad. But, you're right. Pain in the behind.
joesmoe2012
Hero Member
*****
Offline Offline

Activity: 756


Ching-Chang;Ding-Dong


View Profile WWW
October 12, 2013, 04:23:36 AM
 #12

This does make it more difficult to get money on the exchange, though sending a check shouldn't be that hard for any americans out there.

cowandtea
Sr. Member
****
Offline Offline

Activity: 434


View Profile
October 14, 2013, 01:21:27 AM
 #13

Getting harder and harder to just buy and sell Bitcoin now ....

theonewhowaskazu
Sr. Member
****
Offline Offline

Activity: 448


View Profile
October 15, 2013, 04:37:39 AM
 #14

Wonderful timing.  I just signed up for Dwolla and CampBX on the basis of being able to use them to move money in and out of Bitcoin without resorting to wire transfers or mailing paper.

You can still do an ach deposit from CampBX for 2 bucks. Not too bad. But, you're right. Pain in the behind.


If you're using ACH, why not just Coinbase?

hulk
Sr. Member
****
Offline Offline

Activity: 392


View Profile
October 15, 2013, 01:50:09 PM
 #15

This sucks, I am guessing more and more Bitcoin exchange would follow.

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!