But I'm missing something. Mt. Gox fails to transfer money to your Dwolla account, but you are upset with Dwolla?
I suppose you must ask the question "why doesn't mtgox have funds available in their Dwolla". The likely answer is in the subject of every post in this thread.
Mtgox has serious cash flow - people are both depositing money by Dwolla, and withdrawing funds by Dwolla. Dwolla has basically said "sorry, we are holding all your deposits for a week before you can have access, sorry about your plans to use those funds to pay withdraws". So mtgox is supposed to give Dwolla a permanent loan of tens or hundreds of thousands of dollars so they can continue at the same cash flow through Dwolla? This is why Dwolla are scum.
There is absolutely no legitimate reason for Dwolla to delay the availability of funds paid to you by someone else. You are being paid by money that is already in the Dwolla system. $100 of "dwolla cash" should directly represent $100 of vetted cash that is held in Dwolla's real bank account. After it is in their system and has gone through their incoming funding delays, it should be considered "same as cash", so moving it from one account to another should not make the funds unavailable to anyone for another week.
Dwolla has likely decided that by making funds that are already in their system unavailable to users, they can use the "always pending" cash flow float as their own personal bank account to dip into to pay employees and expenses to keep the business running a bit longer until it implodes. They can also charge $3 per month for this "service", which I'm sure they'll pull right out of your bank account if you don't have available Dwolla funds.
The problem with Dwolla is it is run by people who are proud to have no banking experience. They told people that accepting Dwolla was as good as cash, and then when they were hit with ACH chargebacks from not understanding the system, then they pulled funds back out of Dwolla accounts. Worse, they did not debit the money from the user account that had deposited funds - they pulled the money out of other's accounts that had accepted payments from Dwolla users. And they tried to do it silently, they would just make money disappear out of Tradehill's account with no notice that Dwolla was charging back the funds, and with nothing to discover in the history. This is why Dwolla is scum.
Then after they had allowed people to use their system, they suddenly suspended account access and demanded ID from users in order to release the funds. This is why they are scum.
Then they come up with some ridiculous system to try to fix their completely broken business model of accepting reversible bank transfers as payments by requiring a
social media account and a social "payment hub" be added or they will hold your money in their bank account for a month before releasing it??? This is why they are idiots.
Then after companies have set up a business model of using Dwolla with immediate availability of funds, they change the policy with no announcement and completely fuck up the cash flow of companies like MtGox and users that need to get their money out. They have the gall to even want to check user's credit, when it is Dwolla's credit that should be checked. This is why they are scum.
A Google search for Dwolla should not bring up Ashton Kutcher fluff press releases, it should show that they are being sued for stealing tens of thousands of dollars from their users and destroying someone else's business.
I suppose I will finish this rant by saying that Dwolla didn't put my mtgox withdraw into "pending", it was paid on Tuesday, so I don't know what accounts they are doing this on.
