Gentlemen,
2) Regarding paper deposits and electronic withdrawals:
We process a massive number of paper and electronic deposits / withdrawals. At this scale we have discovered many issues where banks, post office, and our own admins can make human errors. Overall error rate is less than 0.01%, but unfortunately errors take longer to resolve as we need to document and trace the issue with our partners, banks, or USPS. Electronic errors are resolved in 15 business days and paper errors are resolved in approximately 3 weeks.
It takes a long time but we always resolve issues to customer's satisfaction.
Also wanted to add that CampBX does not do ANY ARBITRAGE with customer funds, or trade directly with any customers. We are purely a platform to match buyers and sellers as documented in the FAQ and policy documents on our website.
Thank you,
Keyur
Bullshit. I checked with my bank 3 different times, at about 7 days, 10 business days, and 17 business days. You never even tried to deposit the money. That can't be just a number and paperwork error, because I quadruple checked my account number, and I've done this before with other banks and exchanges. Then my money showed up in my CampBX account, and there was no explanation from the 2 separate tickets that I submitted (one of which you never answered).
There is only one explanation for that.
You make money when people sell high, and try to get their money out, and cannot. Then they have to buy low, and transfer their BTC out.
You delay the process as long as possible, and when 1 BTC was ~$1000, multiply that by several thousand BTC, you have $$$ to play with for a month, interest free.
You can then play around with the other exchanges, and make money on the price differences of not just BTC, but other cryptocoins as well. It's so easy a caveman could do it. But, you need a significant amount of money, which you get interest free from your own customers.
You do not follow your own policies.Is it really that hard to follow your own policies and actually do what you say you are going to do? That's how honest businesses develop a solid reputation and make money.
CampBX cannot follow it's own written advertised policies. They should be avoided like the plague.