Bitcoin Forum
December 15, 2017, 01:27:56 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: DWOLLA - Important information regarding virtual currency‏  (Read 800 times)
mufa23
Legendary
*
Offline Offline

Activity: 1022


I'd fight Gandhi.


View Profile
October 10, 2013, 07:57:30 PM
 #1

Just got this email ~20 min ago:

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

I highly doubt we make up for only 0.1% of their users...

Positive rep with: pekv2, AzN1337c0d3r, Vince Torres, underworld07, Chimsley, omegaaf, Bogart, Gleason, SuperTramp, John K. and guitarplinker
1513344476
Hero Member
*
Offline Offline

Posts: 1513344476

View Profile Personal Message (Offline)

Ignore
1513344476
Reply with quote  #2

1513344476
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513344476
Hero Member
*
Offline Offline

Posts: 1513344476

View Profile Personal Message (Offline)

Ignore
1513344476
Reply with quote  #2

1513344476
Report to moderator
1513344476
Hero Member
*
Offline Offline

Posts: 1513344476

View Profile Personal Message (Offline)

Ignore
1513344476
Reply with quote  #2

1513344476
Report to moderator
1513344476
Hero Member
*
Offline Offline

Posts: 1513344476

View Profile Personal Message (Offline)

Ignore
1513344476
Reply with quote  #2

1513344476
Report to moderator
ElectricMucus
Legendary
*
Offline Offline

Activity: 1596


God of the code.


View Profile WWW
October 10, 2013, 08:11:29 PM
 #2

I highly doubt we make up for only 0.1% of their users...

I don't.
illpoet
Sr. Member
****
Offline Offline

Activity: 341


View Profile
October 10, 2013, 08:23:18 PM
 #3

yeah i wonder, i had never heard of dwolla until i found out i could use it to (then) xfer/receive money from mtgox.  I thought they had already done this tho, and i was wondering about it when i saw that coinmkt.com was going to use dwolla. i guess they just decided to completely severe ties in fear of our overlords.

Tym's Get Rich Slow scheme: plse send .00001 to
btc: 1DKRaNUnMQkeby6Dk1d8e6fRczSrTEhd8p ltc: LV4Udu7x9aLs28MoMCzsvVGKJbSmrHESnt
thank you.
tclo
Hero Member
*****
Offline Offline

Activity: 490



View Profile
October 10, 2013, 08:25:03 PM
 #4

repost:

https://bitcointalk.org/index.php?topic=309022.0
cryptojoe
Member
**
Offline Offline

Activity: 61


View Profile
October 10, 2013, 08:42:24 PM
 #5

Dwolla!!!!!  Noooooooooooo.  Guess it's back to money orders in and out of campBX.  Or zipzap to snapswap to ripple to bitstamp. No other cheap ways for U.S. folks to get dollars into bitcoins. My guess is that dwolla and bitfunder and the rest of them are getting some flak from the U.S. and they're seeing the writing on the wall.  bail now before they shut you down.  must be in the air. 
BCB
CTG
VIP
Legendary
*
Online Online

Activity: 1050


BCJ


View Profile
October 10, 2013, 08:47:11 PM
 #6

I highly doubt we make up for only 0.1% of their users...

the other 0.99% of their users are buying burritos and frappuccinos in Des Moines
bigasic
Hero Member
*****
Offline Offline

Activity: 882



View Profile
October 10, 2013, 09:06:25 PM
 #7

Its pretty obvious that Dwolla and others probably spent a ton of time and money going thru records with the FBI, IRS, Ect. Them announcing closing and the SR closure isnt  a coincidence. They figure the headache and costs are just not worth it.. THey are thinking that everyone that deals with bitcoin is a crook.. Now that SR is closed, lets hope it will start to attain more credibility...
ElectricMucus
Legendary
*
Offline Offline

Activity: 1596


God of the code.


View Profile WWW
October 10, 2013, 09:08:06 PM
 #8

everyone that deals with bitcoin is a crook..
there you said it.
bbit
Legendary
*
Offline Offline

Activity: 1316


Bitcoin


View Profile
October 10, 2013, 09:28:26 PM
 #9

0.1 percent of merchants not users.


           █████████████████     ████████
          █████████████████     ████████
         █████████████████     ████████
        █████████████████     ████████
       ████████              ████████
      ████████              ████████
     ████████     ███████  ████████     ████████
    ████████     █████████████████     ████████
   ████████     █████████████████     ████████
  ████████     █████████████████     ████████
 ████████     █████████████████     ████████
████████     ████████  ███████     ████████
            ████████              ████████
           ████████              ████████
          ████████     █████████████████
         ████████     █████████████████
        ████████     █████████████████
       ████████     █████████████████
▄▄
██
██
██
██
██
██
██
██
██
██     
██
██
▬▬ THE LARGEST & MOST TRUSTED ▬▬
      BITCOIN SPORTSBOOK     
   ▄▄
██
██
██
██
██
██
██
██
██
██     
██
██
             ▄▄▄▄▀▀▀▀▄
     ▄▄▄▄▀▀▀▀        ▀▄▄▄▄           
▄▀▀▀▀                 █   ▀▀▀▀▀▀▀▄▄
█                    ▀▄          █
 █   ▀▌     ██▄        █          █               
 ▀▄        ▐████▄       █        █
  █        ███████▄     ▀▄       █
   █      ▐████▄█████████████████████▄
   ▀▄     ███████▀                  ▀██
    █      ▀█████    ▄▄        ▄▄    ██
     █       ▀███   ████      ████   ██
     ▀▄        ██    ▀▀        ▀▀    ██
      █        ██        ▄██▄        ██
       █       ██        ▀██▀        ██
       ▀▄      ██    ▄▄        ▄▄    ██
        █      ██   ████      ████   ██
         █▄▄▄▄▀██    ▀▀        ▀▀    ██
               ██▄                  ▄██
                ▀████████████████████▀




  CASINO  ●  DICE  ●  POKER   
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
   24 hour Customer Support   

▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
techman05
Hero Member
*****
Offline Offline

Activity: 405


View Profile WWW
October 10, 2013, 09:31:00 PM
 #10

At one point read this and was hoping bitinstant would kick in when they open but I'm pretty sure they use dwolla too to get funds in.  I can only hope one of the exchanges find a way to open a reputable bank in US for cash / bitcoins.

Like the info address for potential tips Wink
BTC 1CL5BnNhdL2wDVmSDwMbW1cNhZew87CAPV
* http://www.miningrigrentals.com/register?ref=563
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!