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Dwolla is completely unscrupulous and cannot be trusted. They claimed for years their transactions were 'irreversible' and then went ahead and secretly reverse
by aianus 11y ago
Dwolla is completely unscrupulous and cannot be trusted.
They claimed for years their transactions were 'irreversible' and then went ahead and secretly reversed (read: just deleted them from the db and claimed not to know about them) a bunch of transactions that bankrupted Tradehill. Disgusting company.
http://observer.com/2012/03/dwolla-was-just-sued-by-bitcoiners-for-2-m/ http://observer.com/2012/03/dwolla-was-just-sued-by-bitcoine...
- pbreit 11y agoGive it a rest. This, if true, is an extraordinary situation. Using an online payment service for currency trading is not the best idea.
- aianus 11y agoThey marketed their service as free of chargebacks. 1. The fact that a payment company connected to ACH, a reversible payment method, would claim something like this demonstrates gross incompetence at best. 2. If they didn't want high risk customers like TradeHill they should have politely kicked them off the service, not kept them on while silently defrauding them of their money and hoping they wouldn't notice. > Using an online payment service for currency trading is not the best idea. What, TradeHill should have expected Dwolla to violate their own terms of service (no chargebacks) and therefore it's their own fault? That's asinine.