Author

Topic: MTGOX to DWOLLA transfer time? (Read 1953 times)

full member
Activity: 222
Merit: 100
www.btcbuy.info
November 25, 2012, 11:58:19 AM
#4
One time it was okay-ish. Now there's holiday season, and nothing could be withdrawn for days. My last successful withdrawal took over 2 days to make it to dwolla. The one I'm waiting for already stayed in "confirmed" state for 2 days, and per my experience it will not go out before it is "todo". I am very, very disappointed.
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
November 24, 2012, 02:49:53 AM
#3
So Dwolla has better customer service than mtgox.....awesome......lol
legendary
Activity: 2506
Merit: 1010
November 22, 2012, 04:50:17 AM
#2
Sometimes it takes 1 hour and sometimes it takes like 24+ hours.

Not all that long ago it used to be several weeks.

 - https://mtgox.com/press_release_20120808.html


Just know, it isn't Dwolla that is taking any time.  Account-to-account (A2A) transfers on Dwolla are immediate.  So when there is a delay it is because Mt. Gox has not sent the API request to Dwolla to make the transfer.

They have limits as to how much Dwolla funds they can add apparently, so they cannot simply just keep enough Dwolla funds to be able to accommodate every withdrawal request.  Of course, when there is a price spike up there is a flock of people cashing out their coins and withdrawing, so I'm suspecting that's when the lag will be the longest.
legendary
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
November 21, 2012, 02:35:47 PM
#1
How long does it take?

I know that my amount I transferred wasn't that large, why the delay?

Sometimes it takes 1 hour and sometimes it takes like 24+ hours.
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