Post
Topic
Board Bitcoin Discussion
Re: Public Message for Tradehill
by
Yankee (BitInstant)
on 31/07/2011, 02:38:22 UTC
...and that's why I felt compelled to pull my admittedly meager funds out immediately.

Sadly I will be contacting all those that I have recommended TH to to recant.

How embarassing two in one week! Sheesh.

I've read your posts and I honestly don't understand what TradeHill did wrong to you.
All I read is how much you hate them and pulling your money out.
May I ask why?

You have read my posts and came up with that conclusion? May I suggest you go back and re-read them, this time for content?

I *love* how open they (TH) have been during this process. I take Dwolla as the bad guy here. But the fact is I have no safe way to get money into or out of TradeHill now unless I am willing to write a check for $10,000. I don't have those kinds of funds available to me nowadays.

Sheesh!

Some people would consider a Wire transfer safe, but not you....


I am not "some people". I have initiated scored of wire transfers, most of which have been less than satisfying processes, especially when considering the fees involved. I have also initiated scores of transactions with four different brokerage houses who all accepted my mailed checks and mailed me checks gladly at NO EXTRA CHARGE.

TradeHill is not a brokerage house.
However, under the Dwolla circumstances I do agree with you. They should temporarily figure out a way to accommodate you.
Have you tried contacting them directly? I know from experience they will jump over hoops for their customers.

Like I said I was completely *shocked* the answer was not "sure we'd be glad to".

I like them both, but that was 100% the wrong way to treat a concerned customer, no matter how insignificant I am at this time.

As you said, "may I suggest you re-read my post"
I will repeat my comment for you, Have you tried contacting them DIRECTLY and not making a post on this forum like you are king of the world.





at least give them a few days to make their final Dwolla withdrawals. At that point, you can be completely done with it.

Although I would LOVE for this to be the case, its just not possible. We're talking about hundrends of thousands of dollars. Should TradeHill risk all these funds and trust Dwolla when they have already screwed us?

Really? Again, assuming that Dwolla has not given Tradehill's account a complete negative balance (which they have not reported officially), how is Tradehill "risking all of these funds" by doing the following:

User A withdraws $1000 USD via Dwolla to Dwolla account xxx-xxx-xxx.

Tradehill adds $1000 USD funds to Dwolla account via bank transfer, sends money to User A.

User A withdraws money into personal bank account.

Done. Assuming Tradehill does not have a negative balance, they can do this just fine.

TradeHill cannot send a single dollar to Dwolla until Dwolla reimburses them the money they are owed and commits to no future chargebacks based on past transactions.
Would you continue doing business with your accountant if you find out he was skimming money from you?