Are USD Withdrawals From Mt Gox to Dwolla Still Taking Weeks? - page 6.

epetroel

sr. member

Activity: 431

Merit: 251

Quote from: EuSouBitcoin on July 09, 2012, 08:33:45 AM

My account has had "Verfied Status (Level 1)" for over 6 months. I'm still waiting for USD to arrive in my Dwolla account which was requested from Mt Gox on June 29th.

I don't think verification status has anything to do with it. The way I understand it, Gox is in some kind of bureaucratic limbo with Dwolla right now. Because of this they are trying to avoid keeping any significant funds at Dwolla in case they just arbitrarily decide to shut down Gox's account and lock up whatever money they have there. So, Gox is keeping just enough money there to cover their immediate need for withdrawals. Since it takes time to transfer money to Dwolla, this means that everybody's withdrawals are delayed by approximately that amount of time (which appears to be something like 12 days from my experience over the last couple months).

EuSouBitcoin

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My account has had "Verfied Status (Level 1)" for over 6 months. I'm still waiting for USD to arrive in my Dwolla account which was requested from Mt Gox on June 29th.

mjsbuddha

sr. member

Activity: 336

Merit: 250

yung lean

Quote from: drlatino999 on July 07, 2012, 12:00:12 PM

Quote from: mjsbuddha on July 07, 2012, 07:11:12 AM

Quote from: drlatino999 on July 06, 2012, 08:47:01 AM

Quote from: TwinTurbo on July 05, 2012, 11:20:25 PM

The last three transactions I've done from MtGox to Dwolla over the last month or two have all taken greater than 8-10 days. In each instance, the amount was between $500 - $1,000.

There's got to be a better way. This is getting pretty ridiculous.

I'm starting to think that may be the past, unless Gox is just humoring me to throw the statistics (highly unlikely).

Not for me. My last dwolla withdrawal was 2012/6/27 23:19:17. Has yet to go through.

Are you confirmed as AML verified on both end?

Update - All of my funds cleared by Friday, total of four business days.

Yep. Confirmed. Still waiting on $200 withdrawal to dwolla

drlatino999

sr. member

Activity: 335

Merit: 250

Quote from: mjsbuddha on July 07, 2012, 07:11:12 AM

Quote from: drlatino999 on July 06, 2012, 08:47:01 AM

Quote from: TwinTurbo on July 05, 2012, 11:20:25 PM

The last three transactions I've done from MtGox to Dwolla over the last month or two have all taken greater than 8-10 days. In each instance, the amount was between $500 - $1,000.

There's got to be a better way. This is getting pretty ridiculous.

I'm starting to think that may be the past, unless Gox is just humoring me to throw the statistics (highly unlikely).

Not for me. My last dwolla withdrawal was 2012/6/27 23:19:17. Has yet to go through.

Are you confirmed as AML verified on both end?

Update - All of my funds cleared by Friday, total of four business days.

mjsbuddha

sr. member

Activity: 336

Merit: 250

yung lean

Quote from: drlatino999 on July 06, 2012, 08:47:01 AM

Quote from: TwinTurbo on July 05, 2012, 11:20:25 PM

The last three transactions I've done from MtGox to Dwolla over the last month or two have all taken greater than 8-10 days. In each instance, the amount was between $500 - $1,000.

There's got to be a better way. This is getting pretty ridiculous.

I'm starting to think that may be the past, unless Gox is just humoring me to throw the statistics (highly unlikely).

Not for me. My last dwolla withdrawal was 2012/6/27 23:19:17. Has yet to go through.

waltmarkers

member

Activity: 104

Merit: 10

Quote from: eliale on July 06, 2012, 08:20:04 AM

It is my understanding you do also have a USA based company (otherwise it would be hard to work with Dwolla), why don't you offer ACH payments?

They are safe on your side, not expensive (maybe free) and in 2/3 days are credited.

It could be a good alternative solution

This. ACH would really be wonderful for US users.

drlatino999

sr. member

Activity: 335

Merit: 250

Quote from: TwinTurbo on July 05, 2012, 11:20:25 PM

The last three transactions I've done from MtGox to Dwolla over the last month or two have all taken greater than 8-10 days. In each instance, the amount was between $500 - $1,000.

There's got to be a better way. This is getting pretty ridiculous.

I'm starting to think that may be the past, unless Gox is just humoring me to throw the statistics (highly unlikely).

eliale

hero member

Activity: 838

Merit: 501

It is my understanding you do also have a USA based company (otherwise it would be hard to work with Dwolla), why don't you offer ACH payments?

They are safe on your side, not expensive (maybe free) and in 2/3 days are credited.

It could be a good alternative solution

Mt.Gox Support

vip

Activity: 308

Merit: 250

Quote from: TwinTurbo on July 06, 2012, 01:56:53 AM

Quote from: Mt.Gox Support on July 06, 2012, 12:16:38 AM

Quote from: TwinTurbo on July 05, 2012, 11:20:25 PM

The last three transactions I've done from MtGox to Dwolla over the last month or two have all taken greater than 8-10 days. In each instance, the amount was between $500 - $1,000.

There's got to be a better way. This is getting pretty ridiculous.

The better way? Ask Dwolla to send us "Writing Consent" that we asked for, it is now over 4 weeks that we replied to all their question and still waiting.

Thanks for the insight. My apologies if it seemed like I was blaming Mt. Gox. I wasn't aware that Dwolla was holding things up. Where can I learn more about it? Does Mt. Gox have any suggested alternatives to get money to a US bank account that are not too expensive?

For all the difficulties, I still appreciate the service Mt. Gox provides, as well as the fast support response.

No Problems here. Dwolla's silence is not helping in us in intrusting them with a LOT of money...

TwinTurbo

member

Activity: 91

Merit: 10

Quote from: Mt.Gox Support on July 06, 2012, 12:16:38 AM

Quote from: TwinTurbo on July 05, 2012, 11:20:25 PM

The last three transactions I've done from MtGox to Dwolla over the last month or two have all taken greater than 8-10 days. In each instance, the amount was between $500 - $1,000.

There's got to be a better way. This is getting pretty ridiculous.

The better way? Ask Dwolla to send us "Writing Consent" that we asked for, it is now over 4 weeks that we replied to all their question and still waiting.

Thanks for the insight. My apologies if it seemed like I was blaming Mt. Gox. I wasn't aware that Dwolla was holding things up. Where can I learn more about it? Does Mt. Gox have any suggested alternatives to get money to a US bank account that are not too expensive?

For all the difficulties, I still appreciate the service Mt. Gox provides, as well as the fast support response.

Mt.Gox Support

vip

Activity: 308

Merit: 250

Quote from: TwinTurbo on July 05, 2012, 11:20:25 PM

The last three transactions I've done from MtGox to Dwolla over the last month or two have all taken greater than 8-10 days. In each instance, the amount was between $500 - $1,000.

There's got to be a better way. This is getting pretty ridiculous.

The better way? Ask Dwolla to send us "Writing Consent" that we asked for, it is now over 4 weeks that we replied to all their question and still waiting.

TwinTurbo

member

Activity: 91

Merit: 10

The last three transactions I've done from MtGox to Dwolla over the last month or two have all taken greater than 8-10 days. In each instance, the amount was between $500 - $1,000.

There's got to be a better way. This is getting pretty ridiculous.

drlatino999

sr. member

Activity: 335

Merit: 250

Update - Day 1 Dwolla transaction was 13 hours, day 2 is at 15 hours and counting. By morning I will hopefully see an update.

drlatino999

sr. member

Activity: 335

Merit: 250

Quote from: EuSouBitcoin on July 02, 2012, 10:42:45 PM

I'll be a guinea pig. I requested to withdraw between $6K and $7K from Mt Gox to my Dwolla account on June 29, 2012. Let's see how long it takes to arrive in my Dwolla account. As of July 2nd, the status in history of my Mt Gox account says "confirmed". Mt Gox says 8 business days to do the transfer. Let's see what happens.

You can compare your experience with mine in post #23, maybe track in a similar format?

EuSouBitcoin

sr. member

Activity: 490

Merit: 251

I'll be a guinea pig. I requested to withdraw between $6K and $7K from Mt Gox to my Dwolla account on June 29, 2012. Let's see how long it takes to arrive in my Dwolla account. As of July 2nd, the status in history of my Mt Gox account says "confirmed". Mt Gox says 8 business days to do the transfer. Let's see what happens.

drlatino999

sr. member

Activity: 335

Merit: 250

Quote from: Mt.Gox Support on July 02, 2012, 09:29:56 PM

Quote from: drlatino999 on July 01, 2012, 02:04:20 PM

**Withdrawal Limits not increased yet by Gox even though verified, having to do multiple Dwolla pulls.

Did as requested, in the email:

Quote from: Mt. Gox

Dear My Mtgox User Name,

We are pleased to inform you that the identification documentation you have submitted has been reviewed, and your account has been upgraded to "Verified" status.

If you would like to request a withdrawal limit increase (up to 10x your current daily limit, and up to 5x your current monthly limit), please reply back to this email with the below.

Wallet (BTC/USD/ETC): 0.0000 btc/ my wallet balance
New Daily Limit: 1600 btc/$4,000

Wallet (USD/EUR/ETC): 0.0000btc / my wallet balance
New Monthly Limit: 3000 btc / $10,000

Hi

This is in fact normal, being verified does not automatically raise your limits. You have to contact the support for that as explained during the process. So just contact the support and they will handle it for you quickly.

Cheers

In other news, kudos on the Dwolla transfer, same day. I may have to take back some of my scorn. Have two more transfers to do and are interested in how they will turn out Cheesy

Mt.Gox Support

vip

Activity: 308

Merit: 250

Quote from: drlatino999 on July 01, 2012, 02:04:20 PM

**Withdrawal Limits not increased yet by Gox even though verified, having to do multiple Dwolla pulls.

Hi

This is in fact normal, being verified does not automatically raise your limits. You have to contact the support for that as explained during the process. So just contact the support and they will handle it for you quickly.

Cheers

Kluge

donator

Activity: 1218

Merit: 1015

ACHs are reversible for >60 days. It's a little more ballsy to fraudulently reverse an ACH transaction, but very possible. I wouldn't want to have hundreds of thousands of dollars effectively "pending" in the ACH reversal window. Fwiw.

drlatino999

sr. member

Activity: 335

Merit: 250

For Science - I plan on moving around $2500 out of Gox using Dwolla. Due to the fact that my count has become unverified (WTF mate...) I have resubmitted my documentation. As such, I will document exactly how long it takes for money to actually hit a bank using this method, and this will occur each month on the 1st as a standardized metric (without the resubmitting of the AML documents hopefully). I would do a wire, but I don't trust Gox to not delay it and the other methods start shaving too much off the top.

July Transfer
AML Verification
July 1 1245 - July 1 2038

Mt. Gox -- Dwolla
July 2 0744 - July 2 2035
July 3 0714 - July 5 0944

Dwolla -- Bank
July 2 2040 - July 5 1500
July 5 0952 - July 6 1500

Mt.Gox Support

vip

Activity: 308

Merit: 250

Quote from: EuSouBitcoin on June 28, 2012, 10:06:06 PM

"We are still waiting for Dwolla to give us a "Green Light" and continue to work with them. Since we do not have any reply from them after sending them all the necessary documentation we want to play safe."

Mt Gox when do you expect to receive an answer from Dwolla regarding the "Green Light"?

Ask them, not us! As I said, one of my colleague did send everything Dwolla asked several weeks ago (now 3?), I contacted personally Ben Milne over a week ago by email and no reply. I won't give up I will try to get in touch with them, but at this stage we are waiting for them and ready to work with them like in the past!

Topic: Are USD Withdrawals From Mt Gox to Dwolla Still Taking Weeks? - page 6. (Read 9829 times)