Sold 0.008 btc for over 11,000 USD at mtgox [Updated] - page 3.

elggawf

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Quote from: Andris on July 31, 2011, 10:02:56 AM

Dwolla has stated up front from when I first heard about them that ACH chargebacks were possible.

... and yet all their marketing stuff says the opposite. Landing them firmly in the bullshit, "as seen on TV" category.

I don't have a problem with chargebacks, or anything Dwolla has done. I actually like the service, and I still use it (sparingly). But you have to call bullshit when you see it.

John (John K.)

legendary

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Away on an extended break

Quote from: wumpus on July 31, 2011, 10:07:38 AM

huh, since when are bitcoins $137500?

Either you're referring to the one like 1 hour ago or you meant like 10 years later Grin

wumpus

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No Maps for These Territories

huh, since when are bitcoins $137500?

Andris

newbie

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Dwolla has stated up front from when I first heard about them that ACH chargebacks were possible.

elggawf

sr. member

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Merit: 250

Quote from: Andris on July 31, 2011, 09:54:41 AM

Oh yes, Paypal is so much better when it comes to chargebacks. /sarcasm

Paypal is what it is - everyone using it now should fully comprehend that until you get your money safely into a real banka ccount it it's not really your money... they should fully understand that Paypal is chargeback hell, particularly if you're selling "high risk" things/services.

Dwolla on the other hand claimed cash-like transactions, no chargeback concerns, etc... and it turned out to be bullshit. I'm almost willing to bet that the 25c transactions is bullshit too. I'm wondering if it's below-cost, that they're operating on venture capital and that they're just hoping to reach critical mass before the VC runs out and they have to up their charges.

Note that some parts of their site still say "no chargeback concerns" yet their support/PR people will happily tell you they've always had a process for filing disputes. Until they do something to demonstrate that their marketing hasn't been 100% bullshit, I'm not going to waste my time implementing their payment system into my billing system, though I do still use them for turning BTC into USD.

Andris

newbie

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Quote from: Xiong Zhuang on July 31, 2011, 09:45:00 AM

I doubt it's only me have a negative balance. I curious about how the reputation of mtgox and dwolla will go after this issue.

mtGox? I don't know. Dwolla has called me personally and listened to my concerns and desire for features, I'm fairly confident about their future.

Quote from: kiwiasian on July 31, 2011, 09:51:43 AM

And yet everyone loves Dwolla but hates Paypal.

Oh yes, Paypal is so much better when it comes to chargebacks. /sarcasm

John (John K.)

legendary

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Away on an extended break

Quote from: bitbot on July 31, 2011, 09:45:38 AM

should have used liberty reserve Tongue

+1

But the problem is LR is currently on hold on mtgox due to outage of lr funds. That sucks Cry

Anyhow, prepare for another rollback Cry

kiwiasian

full member

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Quote from: elggawf on July 31, 2011, 09:37:19 AM

Quote from: kiwiasian on July 31, 2011, 09:34:30 AM

Dwolla doesn't do chargebacks...you can't reverse the transaction.

Someone doesn't pay attention to current events it seems.

Dwolla's marketing speak is a bunch of shit, everywhere they said "no chargeback concerns" is a lie.

And yet everyone loves Dwolla but hates Paypal.

Xiong Zhuang

member

Activity: 102

Merit: 10

Quote from: John (John K.) on July 31, 2011, 09:44:43 AM

Quote from: Xiong Zhuang on July 31, 2011, 09:39:14 AM

Quote from: John (John K.) on July 31, 2011, 09:35:58 AM

They do chargebacks. But he could launder the money quick and fast Roll Eyes

I can't do that, can you teach me?

That is illegal and unless you're behind some strong proxies chances are you're gonna face the problems later. Undecided

Easy dude, I am not going anywhere.

bitbot

member

Activity: 70

Merit: 10

and since you are in negative you may find it impossible to withdraw any bitcoins you may own until you put your account into green again

bitbot

member

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should have used liberty reserve Tongue

Xiong Zhuang

member

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Merit: 10

Quote from: Andris on July 31, 2011, 09:39:46 AM

Quote from: kiwiasian on July 31, 2011, 09:34:30 AM

Dwolla doesn't do chargebacks...you can't reverse the transaction.

Considering they seem to have a very close relationship, my guess is that anyone with a negative balance is going to see a reversal.

I doubt it's only me have a negative balance. I curious about how the reputation of mtgox and dwolla will go after this issue.

John (John K.)

legendary

Activity: 1288

Merit: 1227

Away on an extended break

Quote from: Xiong Zhuang on July 31, 2011, 09:39:14 AM

Quote from: John (John K.) on July 31, 2011, 09:35:58 AM

They do chargebacks. But he could launder the money quick and fast Roll Eyes

I can't do that, can you teach me?

That is illegal and unless you're behind some strong proxies chances are you're gonna face the problems later. Undecided

Andris

newbie

Activity: 28

Merit: 0

Quote from: kiwiasian on July 31, 2011, 09:34:30 AM

Dwolla doesn't do chargebacks...you can't reverse the transaction.

Considering they seem to have a very close relationship, my guess is that anyone with a negative balance is going to see a reversal.

bitbot

member

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Merit: 10

i believe that legally he should be able to keep the money

he sold bitcoins and got the money

Xiong Zhuang

member

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Merit: 10

Quote from: John (John K.) on July 31, 2011, 09:35:58 AM

They do chargebacks. But he could launder the money quick and fast Roll Eyes

I can't do that, can you teach me?

John (John K.)

legendary

Activity: 1288

Merit: 1227

Away on an extended break

Prolly the last money transferring system without chargebacks are LR Undecided

elggawf

sr. member

Activity: 308

Merit: 250

Quote from: kiwiasian on July 31, 2011, 09:34:30 AM

Dwolla doesn't do chargebacks...you can't reverse the transaction.

Someone doesn't pay attention to current events it seems.

Dwolla's marketing speak is a bunch of shit, everywhere they said "no chargeback concerns" is a lie.

John (John K.)

legendary

Activity: 1288

Merit: 1227

Away on an extended break

They do chargebacks. But he could launder the money quick and fast Roll Eyes

Xiong Zhuang

member

Activity: 102

Merit: 10

Quote from: qikaifu on July 31, 2011, 09:31:58 AM

Quote from: Andris on July 31, 2011, 09:28:50 AM

Of course mtGox will charge back the money. He has six months to do so. If you spend it, you are on the hook. I would highly suggest leaving it where it is so it goes smoothly for Dwolla.

He is chinese name. If he is in china, you have to spend at least 10k usd to got him.

I do live in China, and if Mtgox cancel my LR withdraw which still in progress, I have to give the money back.

Topic: Sold 0.008 btc for over 11,000 USD at mtgox [Updated] - page 3. (Read 10879 times)