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Topic: [ANN] Selling online never been easier thanks to Mt.Gox's new “Pay Now” button! (Read 3991 times)

legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
As stated, we clearly said that a few people has been affected when it comes to Deposit/Withdraw in USD, we are working on it.
These kinds of vague answers are entirely unhelpful and destroy confidence. How many people? How much money? How long have they been waiting? When do you expect a resolution?

If it's 5 people, $100,000, nobody's been waiting more than a month, and you expect a resolution in a month, that's one thing. If it's 250 people, $5,000,000, people have been waiting three months, and you have no idea when there will be a solution, that's a completely different problem.

People are trying to decide whether to trust you with their fortunes and livelihoods. "Some people are having a problem we are working on" doesn't cut it.

You pretty clearly described exactly the situation when money laundering regulations, and the regulations regarding attempted circumvention of money laundering come into effect. MtGox would be in violation (I believe) of most money laundering regulations if suddenly a whole bunch of people withdrew USD with each transaction being a bit under 10,000USD.

As an EDIT: The sort of data you wish you had from MtGox might be secret for a variety of reasons. You could potentially figure out their financial situation, or if someone is really doing something nefarious divulging everything might tip them off, or one could learn scope out their safeguards.

Companies, especially financial ones have plenty of reasons to keep this sort of data secret. Sure they could be in trouble, but everyone knowing that lessens their ability to maybe rectify the situation.
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
How many people? How much money? How long have they been waiting? When do you expect a resolution?

I think the bigger concern, that I've not seen addressed, is that MtGox may be insolvent.

What is the cause of the problem affecting these "few people".  Is it that you don't have enough US dollars to pay them?

You are unable to process large dollar transactions and many of us suspect it's because of insolvency

I sincerely hope you're wrong about solvency problems.

Well, is he?

I suspect if it's large dollar transactions there is money-laundering issues. Anything over 1,000EUR generally has additional checks required, and anything right under 10,000 or lots of amounts around the same amount of time, has to be scrutinized for deliberate circumvention of money laundering rules.
legendary
Activity: 2030
Merit: 1000
My money; Our Bitcoin.
Feature request: The ability to view and delete buttons that have been created. Unless I missed something obvious, there is no way to see buttons that I have created once I have navigated away from the page where I make them.

+1 

A choice of different button sizes would be nice as well, particularly smaller ones. 
rjk
sr. member
Activity: 448
Merit: 250
1ngldh
Feature request: The ability to view and delete buttons that have been created. Unless I missed something obvious, there is no way to see buttons that I have created once I have navigated away from the page where I make them.
legendary
Activity: 2072
Merit: 1006
this space intentionally left blank
does this only work when I have my balance at MtGox?
legendary
Activity: 2072
Merit: 1006
this space intentionally left blank
As soon as someone starts using this feature to buy and sell Magic cards the circle will be complete.

thread has been won, close the internet.
legendary
Activity: 1260
Merit: 1000
As soon as someone starts using this feature to buy and sell Magic cards the circle will be complete.

QFT

Epic
legendary
Activity: 1400
Merit: 1013
As soon as someone starts using this feature to buy and sell Magic cards the circle will be complete.
sr. member
Activity: 431
Merit: 251
Gonzague,

One suggestion I would make to help alleviate all the fuss and support tickets:  Have a small chart on the Withdrawals page with an ETA for each option.  If wires to USA take 4-5 days, say that up front.  If Dwolla takes 7-10 days, let people know up front.  It will save you lots of headaches later by properly setting the expectations in the beginning.

Also, if you could have a button on your site to Cancel a pending withdrawal, that would be nice too.  Maybe 4 days ago I decided to withdraw funds, but now I see a buying opportunity.  Giving people a way to cancel these themselves will help clear out your withdrawal queue without needing a support ticket each time.

Tony


+1 on the ability to cancel a withdrawal without contacting support.
hero member
Activity: 742
Merit: 500
Gonzague,

One suggestion I would make to help alleviate all the fuss and support tickets:  Have a small chart on the Withdrawals page with an ETA for each option.  If wires to USA take 4-5 days, say that up front.  If Dwolla takes 7-10 days, let people know up front.  It will save you lots of headaches later by properly setting the expectations in the beginning.

Also, if you could have a button on your site to Cancel a pending withdrawal, that would be nice too.  Maybe 4 days ago I decided to withdraw funds, but now I see a buying opportunity.  Giving people a way to cancel these themselves will help clear out your withdrawal queue without needing a support ticket each time.

Tony
legendary
Activity: 2072
Merit: 1006
this space intentionally left blank
I've cashed out a couple of 10k€ the past weeks and the longest it took was, indeed 5 business days.
the last 9k€ withdrawal took three business days.

seems okay to me.


dwolla withdrawals - now theres another thing.
legendary
Activity: 2940
Merit: 1333
How many people? How much money? How long have they been waiting? When do you expect a resolution?

I think the bigger concern, that I've not seen addressed, is that MtGox may be insolvent.

What is the cause of the problem affecting these "few people".  Is it that you don't have enough US dollars to pay them?

You are unable to process large dollar transactions and many of us suspect it's because of insolvency

I sincerely hope you're wrong about solvency problems.

Well, is he?
hero member
Activity: 686
Merit: 500
Wat
Quote
He added that since most Bitcoin transactions flowed through Mt Gox, it was "much easier to see how the funds were cashed out, and locate the final target if there was need.

legendary
Activity: 1596
Merit: 1012
Democracy is vulnerable to a 51% attack.
As stated, we clearly said that a few people has been affected when it comes to Deposit/Withdraw in USD, we are working on it.
These kinds of vague answers are entirely unhelpful and destroy confidence. How many people? How much money? How long have they been waiting? When do you expect a resolution?

If it's 5 people, $100,000, nobody's been waiting more than a month, and you expect a resolution in a month, that's one thing. If it's 250 people, $5,000,000, people have been waiting three months, and you have no idea when there will be a solution, that's a completely different problem.

People are trying to decide whether to trust you with their fortunes and livelihoods. "Some people are having a problem we are working on" doesn't cut it.
vip
Activity: 308
Merit: 250
In other words ... API ?

Well, we launched the merchant API in March ;-) https://mtgox.com/press_release_20120306.html and now all our merchant solutions are in one page https://mtgox.com/merchant

Let me make explicit what I thought was obviously implied in my question:

Can I *create* a button via the merchant API or do I have to manually
create 2000 buttons ?



Sorry for not being clear, but yes you can create any buttons you want from our API. The "Button Creator" is for occasional merchants, the API is for professional like you who wants more. There technically no differences between the Button and the API.

Cheers


so you could (via any old shopping cart system like magento or osCommerce) determine a €/$ price for your item and then have a corresponding mtgox checkout button configured?

Our technician sent me this link for you https://en.bitcoin.it/wiki/MtGox/API/HTTP/v1#Dynamic_Button, so basically the answer to your question is yes.
legendary
Activity: 2072
Merit: 1006
this space intentionally left blank
In other words ... API ?

Well, we launched the merchant API in March ;-) https://mtgox.com/press_release_20120306.html and now all our merchant solutions are in one page https://mtgox.com/merchant

Let me make explicit what I thought was obviously implied in my question:

Can I *create* a button via the merchant API or do I have to manually
create 2000 buttons ?



Sorry for not being clear, but yes you can create any buttons you want from our API. The "Button Creator" is for occasional merchants, the API is for professional like you who wants more. There technically no differences between the Button and the API.

Cheers


so you could (via any old shopping cart system like magento or osCommerce) determine a €/$ price for your item and then have a corresponding mtgox checkout button configured?
vip
Activity: 308
Merit: 250
In other words ... API ?

Well, we launched the merchant API in March ;-) https://mtgox.com/press_release_20120306.html and now all our merchant solutions are in one page https://mtgox.com/merchant

Let me make explicit what I thought was obviously implied in my question:

Can I *create* a button via the merchant API or do I have to manually
create 2000 buttons ?



Sorry for not being clear, but yes you can create any buttons you want from our API. The "Button Creator" is for occasional merchants, the API is for professional like you who wants more. There is technically no differences between the Button and the API.

Cheers
vip
Activity: 308
Merit: 250
In other words ... API ?

Well, we launched the merchant API in March ;-) https://mtgox.com/press_release_20120306.html and now all our merchant solutions are in one page https://mtgox.com/merchant
vip
Activity: 571
Merit: 504
I still <3 u Satoshi
have you seen paypal's fees?!

I think this is awesome

Mark my words. It is only a matter of time.

I will Frank your words.

Franked.
vip
Activity: 308
Merit: 250
Please... Mt.Gox Support.  Stop with the lying.  You are unable to process large dollar transactions and many of us suspect it's because of insolvency and/or a setup to allow you to pass the blame off onto other entities when your system continues to fall apart.  This "announcement" smacks of BS.  You can't even handle minor fiat transactions NOW, why would anyone want to trust you with their business, possibly with large(r) volumes of fiat transactions?

Anyone signing up for your service is just asking to be run out of business when you can't/won't pay them the money you owe them.  Anyone considering this needs to be wary.  MTGox can't pay their bills now, what makes you think you'd be anywhere high on the priority list of getting paid when it all comes tumbling down?  The answer is, you won't.  Any funds you were due from them will magically go poof and/or be blamed on a third party entity.



Dear Inaba

As stated, we clearly said that a few people has been affected when it comes to Deposit/Withdraw in USD, we are working on it.

Regardless of what you think of us, Mt.Gox is still running, still moving forward and still innovates where many small and larger players collapsed and shutdown, we went through hell many times and we are still here. Are we perfect? No, but we are working like hell to improve things and make sure to bring something positive to Bitcoin and the community.
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