There is a whole thread discussing the Dwolla Terms of Service here: https://bitcointalksearch.org/topic/dwolla-terms-of-service-119183. In a nutshell it seems any virtual "currency" transactions are risky involving Dwolla unless the company or individual you are dealing with meets this particular requirement:
Act as a marketplace and/or exchange for virtual currency products without prior written consent;
There is at least one post from an existing company; BitInstant confirming that they do have the this explicit permission.
Topic: Dwolla to mtgoxusd/btc - fulfilled (Read 614 times)
I was considering this, but then I read the Dwolla terms of service:
Authorizations for Chargeback:
You understand that Dwolla does not warrant the transactions and that these transactions are subject to ACH chargeback processes. You agree and warrant that any chargebacks received by Dwolla can and will be debited from your Dwolla account and if such funds do not exist a debit for the chargeback amount will be placed against the bank account to which the funds were withdrawn.
Reversals
The party receiving funds in a transaction may be subject to reversals occurring within the account if claims are made by the sending party or by the sending party's financial institution.
You understand and agree that:
● If there is a reversal of a payment to you, you will be liable to Veridian for the full amount of the reversed payment plus a fee in the amount of $15 ("Reversal fee"). The reversed payment plus the reversal fee is the "Reversal Liability."
● Reversals are debited by Veridian in the Veridian Holding Account and will be reflected in Your Dwolla User Account.
● If You do not have a balance in Your Dwolla User Account that is sufficient to cover Your Reversal Liability, the remaining balance in Your Dwolla User Account (if any) will be used to cover the Reversal Liability, and You authorize Dwolla, acting on behalf of Veridian, to take any of the following actions:
1. Debit your attached Bank Account in the amount of the unpaid portion of the Reversal Liability;
2. Suspend Your User Account and require you to take immediate actions to repay the unpaid portion of the Reversal Liability; and/or
3. Engage in collection efforts to recover the unpaid portion of the Reversal Liability.
And some cream:
You understand and agree that Dwolla is not responsible for any losses or liability resulting from actions taken against Your User Account as detailed in this section.
Authorizations for Chargeback:
You understand that Dwolla does not warrant the transactions and that these transactions are subject to ACH chargeback processes. You agree and warrant that any chargebacks received by Dwolla can and will be debited from your Dwolla account and if such funds do not exist a debit for the chargeback amount will be placed against the bank account to which the funds were withdrawn.
Reversals
The party receiving funds in a transaction may be subject to reversals occurring within the account if claims are made by the sending party or by the sending party's financial institution.
You understand and agree that:
● If there is a reversal of a payment to you, you will be liable to Veridian for the full amount of the reversed payment plus a fee in the amount of $15 ("Reversal fee"). The reversed payment plus the reversal fee is the "Reversal Liability."
● Reversals are debited by Veridian in the Veridian Holding Account and will be reflected in Your Dwolla User Account.
● If You do not have a balance in Your Dwolla User Account that is sufficient to cover Your Reversal Liability, the remaining balance in Your Dwolla User Account (if any) will be used to cover the Reversal Liability, and You authorize Dwolla, acting on behalf of Veridian, to take any of the following actions:
1. Debit your attached Bank Account in the amount of the unpaid portion of the Reversal Liability;
2. Suspend Your User Account and require you to take immediate actions to repay the unpaid portion of the Reversal Liability; and/or
3. Engage in collection efforts to recover the unpaid portion of the Reversal Liability.
And some cream:
You understand and agree that Dwolla is not responsible for any losses or liability resulting from actions taken against Your User Account as detailed in this section.
Exchange fulfilled
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