Post
Topic
Board Bitcoin Discussion
Re: TradeHill - Why we no longer accept Dwolla and an open letter to Ben Milne
by
Bitcoin Swami
on 30/07/2011, 19:13:25 UTC
Now, after your announcement that you will no longer use Dwolla for withdrawals, I am forced to stop using Tradehill as my exchange.  I will have to move back to Mt. Gox. I absolutely refuse to use Paxum as a service due to their intrusive background information requirements.
Is there a reason why you chose to stop using Dwolla for account withdrawals?  Its impossible for the end user (like me) to fraud Tradehill out of money when I am simply making a withdrawal. Plus, Dwolla is still ALOT cheaper to withdraw funds, its $.25 compared to Paxums $1.00.

I'm with CubedRoot on this one.  I have USD stuck on TradeHill that I'll have to to trade back to BTC just to get it out and resell on MtGox, paying commissions again to both.  I understand preventing inbound transfers, but by getting rid of outbound you screwed quite a few of us.
SteveFL,
Keep in mind also, that now, to get your USD from Tradehill all the way back to your bank it will now cost you $6.00!!!!!  Using Dwolla this same set of transfers would have only cost you $.50. 
I think its rather frustrating that Tradehill wont simply keep using Dwolla for Withdrawals since there is absolutley 0 risk in them getting frauded on withdrawals.

Wouldn't that mean tradehill would still need to keep an account with them with money in it?  What if Dwolla would decide to reverse more transactions and take more money from tradehill? I'm not sure how it works just asking a question.