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ACH transactions are reversible FWIW.
by zt 13y ago
ACH transactions are reversible FWIW.
- mgrunin 13y agoYes, I am aware of that. I told them in my last email that I will be reversing my ACH if they continue to ignore me.
- jhardcastle 13y agoReverse now. You have plenty of proof. There's no need to take a bath on this.
- dusing 13y agoyou should just get it reversed as soon as possible. Combined with the fall of BTC you are lucky to have a "out". Also once you threaten the reversal there isn't much reason for them to work with you. What if they give you BTC tomorrow and you reversed the ACH already.
- yapcguy 13y agoSecond this. Get your money back, live to fight another day. Why ask for delivery and suffer a loss?
- state 13y agoCould you talk about why you don't want to reverse it?
- kayoone 13y agoYou are aware that the BTC value just dropped dramatically right? Why dont you reverse if thats possible?
- bushido 13y agoActually having this option is really good and you should use it, as there could be a likelihood of "legitimate" BTC services facing bank runs in the current panic. Of course, you could be contributing in a bank run, though that's not your concern.
- sjtgraham 13y agoHang on. So one could buy and receive BTC, dispose of them, and then reverse the ACH transfer? Brings a whole new meaning to the term "double spending"!
- dangrossman 13y agoThat's pretty much why Dwolla pulled out of funding Bitcoin exchanges.
- kolev 13y agoNo, they are not - only if you prove fraud. I tried to get an ACH back with BofA and I couldn't. The other party can reverse it, you can't yourself.