New Bitcoin Payment Method: Direct Transfer from Bank Account

Stephen Gornick

legendary

Activity: 2506

Merit: 1010

Quote from: getbitcoin on October 28, 2011, 11:36:27 PM

ACH transfers are fairly difficult to reverse, although not completely impossible.

ACH is the new PayPal.

There was a new entry added to the FAQ:

Quote

Q). Are there special requirements for My Bank Account orders? (Added March 2012)
A). Yes. Unfortunately, we have lost thousands of dollars on these orders, due to our banks clearing payments that were later fraudulently reversed. To reduce the amount of fraud, all My Bank Account orders must be accompanied by:
- Photo identification
- A current utility bill
- The first page of a current bank statement, showing sufficient funds in the account

- https://www.get-bitcoin.com/home/faq

gamer4156

sr. member

Activity: 1008

Merit: 250

Just wanted to say, I have used get-bitcoin multiple times and they are always fast and incredibly professional!

getbitcoin

newbie

Activity: 46

Merit: 0

Quote

Do you have a good reason to believe that those BoA's "direct bank account transfers" are irreversible?

ACH transfers are fairly difficult to reverse, although not completely impossible. Dwolla uses ACH, and MtGox and many other Bitcoin exchanges use Dwolla without much of a problem.

likuidxd

sr. member

Activity: 476

Merit: 500

Quote from: Vladimir on October 28, 2011, 10:42:16 PM

Do you have a good reason to believe that those BoA's "direct bank account transfers" are irreversible?

No not at all, it just saddens me when people use that establishment. I meant no harm or offense

Vladimir

hero member

Activity: 812

Merit: 1001

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Do you have a good reason to believe that those BoA's "direct bank account transfers" are irreversible?

likuidxd

sr. member

Activity: 476

Merit: 500

BoA....

boonies4u

hero member

Activity: 826

Merit: 1000

Quote from: getbitcoin on October 28, 2011, 08:33:35 PM

Hey everyone. We at Get-Bitcoin.Com are proud to announce a new payment method: direct transfer from any US bank account. Unlike bank wires, direct bank transfer is free! And unlike depositing cash, it can be done from your computer, without needing to visit a physical bank branch. Just make an order at get-bitcoin.com, and select "My Bank Account" as the payment method. We'll send an invoice to your email address that day, with directions on how to transfer the funds.

The only downside is that the direct bank account transfer can take several days to clear. However, it can also be cleared the next day, for a small additional fee of $2. (For those in-the-know, the transfer is conducted via ACH.)

We've also started accepting cash deposits to our Bank of America account, at any BofA bank branch. Hopefully, this will help some of those affected by the closure of exchb.com. We're planning on adding Chase and a few other banks next week.

Always glad to see clearing house and cash deposit support from exchanges and the like!

getbitcoin

newbie

Activity: 46

Merit: 0

Hey everyone. We at Get-Bitcoin.Com are proud to announce a new payment method: direct transfer from any US bank account. Unlike bank wires, direct bank transfer is free! And unlike depositing cash, it can be done from your computer, without needing to visit a physical bank branch. Just make an order at get-bitcoin.com, and select "My Bank Account" as the payment method. We'll send an invoice to your email address that day, with directions on how to transfer the funds.

The only downside is that the direct bank account transfer can take several days to clear. However, it can also be cleared the next day, for a small additional fee of $2. (For those in-the-know, the transfer is conducted via ACH.)

We've also started accepting cash deposits to our Bank of America account, at any BofA bank branch. Hopefully, this will help some of those affected by the closure of exchb.com. We're planning on adding Chase and a few other banks next week.

Topic: New Bitcoin Payment Method: Direct Transfer from Bank Account (Read 2581 times)