Is Technocash legit? [edit: yes, yes they are! If a bit slow]

[ruski]

I reqd a transfer out of mtgox a wk ago, to AUD. It still hasnt come. So I tried to ring them on the no. on their site, and apparently it's been disconnected. Anyone know what the deal is?

[julz]

Well inbound transfers via Technocash have certainly been working ok. (about 3 days to transfer in to mtgox)

[repentance]

I reqd a transfer out of mtgox a wk ago, to AUD. It still hasnt come. So I tried to ring them on the no. on their site, and apparently it's been disconnected. Anyone know what the deal is?

They're a licensed financial services provider.  Where were you trying to ring them from?  If you're not in NSW, did you include the area code?

[indicasteve]

Hard to say..I've never used them.

A green flag is that that they say they are licensed... http://www.technocash.com/pages/licence.cfm

But a big red flag is that their address is a P.O. Box.

They do seem to appear to be a professional outfit at first glance.  All I can say is, keep us posted.

[Rodyland]

I've used them 3 times for AUD deposits into mtgox.  For two out of those 3 times I had to email both mtgox and technocash to find out "where my money went".  Three days my a$$.

But the money always arrived eventually.

[repentance]

I just rang their number.  It's working, but I got the "your call is being diverted" message and then an answering telling me to ring in business hours (it is business hours) and to leave a message.  Number definitely isn't disconnected.

Their bank details give a street address of 105 Pitt St, Sydney for them.  That building is full of financial types, lawyers, gem dealers, etc so that may be their registered office rather than their physical location.  All of their banks are in Parramatta, so that's probably where they actually operate from.

[RchGrav]

http://www.technocash.com/pages/pds_GFXaccount.cfm


http://maps.google.com/maps?q=105+Pitt+St,+Sydney,+NSW,+Australia,+2150&layer=c&sll=-33.828497,150.993403&cbp=13,284.41,,0,0.02&cbll=-33.828565,150.993722&hl=en&sspn=0.006295,0.006295&ie=UTF8&hq=&hnear=105+Pitt+St,+Sydney+New+South+Wales+2160,+Australia&ll=-33.828564,150.993723&spn=0.008289,0.016512&t=h&z=17&iwloc=A&panoid=tn8oZj28SzD6UqYGJwGknQ

Technocash Limited (ABN: 20 080 109 217)

Phone: +612-9687-1900
Fax: +612-8088-4348
105 Pitt St, Sydney, NSW, Australia, 2150
PO Box 618, Parramatta, NSW, Australia, 2124
Email: info@technocash.com
Website: www.technocash.com
Licence: Australian Financial Services Licence No: 247299

[ruski]

Yeah, it was my fault with the phone number. Their number is listed as though you're dialing them internationally, I ended up just trying the 8-digit number without the Vic area code. Still doesn't change the fact my money hasn't arrived though! 

[Rodyland]

Email technocash, email mtgox.  Your money will come through eventually.  Hope you weren't in a hurry to take advantage of the recent price drop!

[ruski]

Just an update - nearly two weeks, but eventually they came through. Now I'm confident to do some real trading in BTC.

[julz]

I've used them 3 times for AUD deposits into mtgox.  For two out of those 3 times I had to email both mtgox and technocash to find out "where my money went".  Three days my a$$.

But the money always arrived eventually.

4 times, 3 different bank accounts - so far all approx 3 banking days.   Maybe I've been lucky.

[julz]

I deposited some more yesterday.. it took just under 24 hrs this time.  nice!

bank-to-bank transfers I've done within the country usually take longer than that..   I'm surprised that it got to a Japanese account so quickly, after going via Technocash as an intermediary. 
Maybe technocash do the international part of the transfer quickly by having a credit agreement with mtgox.. or by settling in BTC

..Or maybe the Australian banks are finally realizing that to compete  they have to speed up their game?   (not likely)