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Topic: TradeHill announces no more BofA transactions (Read 1274 times)

full member
Activity: 238
Merit: 100
August 05, 2011, 06:38:52 PM
#9
I wonder how much the Dwolla chargebacks cost TradeHill. We find out TH is screwed out of a big chunk of money and suddenly they're not paying out and switching banks. I'd be surprised the dwolla stuff set them back that much but when it comes to Bitcoins it's hard to be surprised anymore.

I sure hope they can weather the storm as they have proven to be the most honest and forthright firm associated with bitcoin so far.

I second that, they'll keep my business
member
Activity: 84
Merit: 10
I yam what I yam. - Popeye
I wonder how much the Dwolla chargebacks cost TradeHill. We find out TH is screwed out of a big chunk of money and suddenly they're not paying out and switching banks. I'd be surprised the dwolla stuff set them back that much but when it comes to Bitcoins it's hard to be surprised anymore.

I sure hope they can weather the storm as they have proven to be the most honest and forthright firm associated with bitcoin so far.
hero member
Activity: 728
Merit: 501
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I wonder how much the Dwolla chargebacks cost TradeHill. We find out TH is screwed out of a big chunk of money and suddenly they're not paying out and switching banks. I'd be surprised the dwolla stuff set them back that much but when it comes to Bitcoins it's hard to be surprised anymore.
vip
Activity: 1052
Merit: 1155

I already read that blog post,  and they didn't give any specific details there either.
member
Activity: 84
Merit: 10
I yam what I yam. - Popeye
This is a good thing in the long run as BoA is truly the enemy.

I hope they set up with smaller local banks in a new network. Actually i hope they set up a permanent US office and stop this flying to the USA for every little disaster.
legendary
Activity: 2408
Merit: 1121
vip
Activity: 1052
Merit: 1155
Does anyone know the reason BOFA gave,  or exactly what the deal breaker was?
sr. member
Activity: 252
Merit: 251
No wonder, they are already under legal pressure for shady dealings.
Their management probably doesn't want anything to do with virtual currencies right now.

http://www.bizjournals.com/seattle/blog/2011/08/mckenna-sues-bofa-unit-over-foreclosures.html
hero member
Activity: 630
Merit: 500
...watch this market drop like a rock this weekend.
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