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Author Topic: TradeHill announces no more BofA transactions  (Read 1049 times)
phorensic
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August 05, 2011, 09:08:44 PM
 #1

...watch this market drop like a rock this weekend.
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Jack of Diamonds
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August 05, 2011, 09:34:42 PM
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No wonder, they are already under legal pressure for shady dealings.
Their management probably doesn't want anything to do with virtual currencies right now.

http://www.bizjournals.com/seattle/blog/2011/08/mckenna-sues-bofa-unit-over-foreclosures.html

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MemoryDealers
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August 05, 2011, 10:18:31 PM
 #3

Does anyone know the reason BOFA gave,  or exactly what the deal breaker was?

TraderTimm
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August 05, 2011, 10:41:32 PM
 #4

The relevant blog post is here:

http://tradehillblog.com/2011/08/05/delays-in-usd-deposits-withdrawals/


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August 05, 2011, 10:51:39 PM
 #5

This is a good thing in the long run as BoA is truly the enemy.

I hope they set up with smaller local banks in a new network. Actually i hope they set up a permanent US office and stop this flying to the USA for every little disaster.

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August 05, 2011, 10:53:25 PM
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I already read that blog post,  and they didn't give any specific details there either.

fitty
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August 05, 2011, 11:29:29 PM
 #7

I wonder how much the Dwolla chargebacks cost TradeHill. We find out TH is screwed out of a big chunk of money and suddenly they're not paying out and switching banks. I'd be surprised the dwolla stuff set them back that much but when it comes to Bitcoins it's hard to be surprised anymore.
Smalleyster
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August 05, 2011, 11:37:00 PM
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I wonder how much the Dwolla chargebacks cost TradeHill. We find out TH is screwed out of a big chunk of money and suddenly they're not paying out and switching banks. I'd be surprised the dwolla stuff set them back that much but when it comes to Bitcoins it's hard to be surprised anymore.

I sure hope they can weather the storm as they have proven to be the most honest and forthright firm associated with bitcoin so far.

Feel like investing in a Miner?:
http://bitcointalk.org/index.php?topic=30044.msg377773#msg377773
A soup to nuts newbee system for a secure, portable USB wallet (free instructions):
NoobHowTo: http://bitcointalk.org/index.php?topic=27088.msg341387#msg341387
jondecker76
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August 05, 2011, 11:38:52 PM
 #9

I wonder how much the Dwolla chargebacks cost TradeHill. We find out TH is screwed out of a big chunk of money and suddenly they're not paying out and switching banks. I'd be surprised the dwolla stuff set them back that much but when it comes to Bitcoins it's hard to be surprised anymore.

I sure hope they can weather the storm as they have proven to be the most honest and forthright firm associated with bitcoin so far.

I second that, they'll keep my business

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