OkPay Deposit pending?

[malaimult]

did you withdraw btc in to okpay account? or mtgox usd to okpay?

[1714105349]

1714105349

[1714105349]

1714105349

[repentance]

Any business which allows instant transactions is going to get hit with fraudulent transactions sooner or later.  Smaller businesses have little capacity to cope with this.  People have probably tried to manipulate their system with fraudulent transactions and they're likely trying to work out a way to deal with that.

[nandika]

did you withdraw btc in to okpay account? or mtgox usd to okpay?

I funded okpay with my bitcoin, using add funds in okpay menu.

Didn't know mtgox can be used to fund okpay, I'll try that later.

[nandika]

Any business which allows instant transactions is going to get hit with fraudulent transactions sooner or later.  Smaller businesses have little capacity to cope with this.  People have probably tried to manipulate their system with fraudulent transactions and they're likely trying to work out a way to deal with that.

Then enable manual verification for bitcoin transactions.
Even though disabling automatic deposits, and verifying each transaction one by one shouldn't take time from Apr 17 (more than a month)...

[repentance]

Any business which allows instant transactions is going to get hit with fraudulent transactions sooner or later.  Smaller businesses have little capacity to cope with this.  People have probably tried to manipulate their system with fraudulent transactions and they're likely trying to work out a way to deal with that.

Then enable manual verification for bitcoin transactions.
Even though disabling automatic deposits, and verifying each transaction one by one shouldn't take time from Apr 17 (more than a month)...

Manual verifications aren't a viable once you reach a certain level of transactions without putting on additional staff.  Most small businesses either run at a loss or barely break even in their early stages and can't afford to hire more staff.  Manual verifications are extremely time-consuming, so small, start-up businesses operated by one or two people have a limited capacity to perform them as the need to do so increases.

And no, it shouldn't take a month or more for them to process transactions, but if they have been hit with deposit fraud who knows how it's affected their cash flow or their trading accounts (both currency and Bitcoin)?  When they were first mentioned on the forum, the thing which struck me most apart from their fees was how vulnerable their business model was to fraud.

[malaimult]

well i never try to fund the okpay account using btc but i'm guessing there is a sort of verification for this kind of transaction if not the okpay wallet has some problems receiving btc atm.
my transactions with okpay was : btc wallet -mtgox usd - withdraw mtgox usd to okpay and the entire transaction took 10 min to have my okpay account funded

[ziomik]

I think they read this forum, and a lack of response does not honor. We are awaiting an official response. Patience has its limits.

[bagazaga]

It seems, that they do not read that forum. And before posting here, I've called them, and they gave me redeemable MtGox USD code (they offered bitcoins first).

[repentance]

It seems, that they do not read that forum. And before posting here, I've called them, and they gave me redeemable MtGox USD code (they offered bitcoins first).

Their last activity on the forum was in April.

Name:   OKPAY
Posts:   17
Position:   Jr. Member
Date Registered:   11 November 2011, 22:53:53
Last Active:   17 April 2012, 23:12:58

Their "customer service" performance in the forums hasn't exactly been stellar.

[Fjordbit]

They are claiming that BitCoin processing is restored. Is this true?

https://www.okpay.com/en/company/news/bitcoin-payments.html

[HostFat]

Yes, they also ask the 5%

[malaimult]

i've done a withdraw from mtgox to okpay on friday and today the status from my mtgox withdraw is "todo". i contact mtgox and they told me that this status means that the transfer has been initiated and they soon will fund the okpay account. so in this case i don't think the okpay has any problems, so far mtgox didn't push the transaction forward

[Fjordbit]

i've done a withdraw from mtgox to okpay on friday and today the status from my mtgox withdraw is "todo". i contact mtgox and they told me that this status means that the transfer has been initiated and they soon will fund the okpay account. so in this case i don't think the okpay has any problems, so far mtgox didn't push the transaction forward

Did you withdraw bitcoin to okpay, or use a mt gox code? The people above were complaining about their bitcoin funding not going through. I understand the 5% fee, but there is some convenience in okpay that I like.

[malaimult]

the withdraw was from my mtgox usd account directly to okpay account. i tried btc to okpay and the transaction was done after 6 conf.

[nandika]

it's pending again, be careful when you fund your account directly to okpay from BTC.

Transaction IDxxxxxxx

Gross$36.82 USD
Fees$0.00 USD
Net$36.82 USD
Date7/12/2012
Time7:37 PM
Status Pending
External Transaction IDeb34d8431393c3a84f83e608b0bd646d54ebddcc6cb618bc78680e4218341105
Comment5.5 BTC Ex 6.69600930 USD (1LSPkANLVXhFHLuSbeZY5WyYYvg9QFUaxF)

Transaction has like 440 confirmations...

[c_k]

Is this reliable these days?

[OKPAY]

Dear customers, Bitcoin processing has been restored and now fully functional. If you still experiencing any issues please PM me or contact support team directly at https://www.okpay.com/en/support/index.html. We will be glad to resolve your issue.
Thanks 

[OKPAY]

Deposits are instant, we require 6 bitcoin confirmations to complete the transfer.

[paraipan]

Deposits are instant, we require 6 bitcoin confirmations to complete the transfer.

Nice