I opened an account about a year ago and did nothing with it. I had my account suspended about a week ago, after not really touching it that whole year. When I asked Dwolla about it, they couldn't tell me why it had been suspended, so I just closed the account. Very unprofessional, all around, I was very glad I never attached any real accounts to it.
So, I tried Dwolla
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Re: So, I tried Dwolla
#12The other day I was trying to make some kind of transaction with Dwolla, and before I could, they asked me a series of questions to verify my identity. The questions had obviously been pulled from a background check based on my name that I didn't know they had done. It was asking me what the price of a house was when I originally bought it, and what street I lived on in a given time period. Outside of this being real…
FYI, those sound like credit check questions. They probably did some sort of credit pull.
(They know the answers to these because the credit reporting agencies know how much the house cost, where it was located, what previous address(es) you've had on your credit accounts (including credit cards), etc.)
Re: So, I tried Dwolla
#13The other day I was trying to make some kind of transaction with Dwolla, and before I could, they asked me a series of questions to verify my identity. The questions had obviously been pulled from a background check based on my name that I didn't know they had done. It was asking me what the price of a house was when I originally bought it, and what street I lived on in a given time period. Outside of this being real…
Are house sale prices not documented publicly in the US?
Re: So, I tried Dwolla
#14The other day I was trying to make some kind of transaction with Dwolla, and before I could, they asked me a series of questions to verify my identity. The questions had obviously been pulled from a background check based on my name that I didn't know they had done. It was asking me what the price of a house was when I originally bought it, and what street I lived on in a given time period. Outside of this being real…
Are house sale prices not documented publicly in the US?
They are. It's a very strange question to use.
Re: So, I tried Dwolla
#15The other day I was trying to make some kind of transaction with Dwolla, and before I could, they asked me a series of questions to verify my identity. The questions had obviously been pulled from a background check based on my name that I didn't know they had done. It was asking me what the price of a house was when I originally bought it, and what street I lived on in a given time period. Outside of this being real…
Are house sale prices not documented publicly in the US?
Yes, sale prices can be found in public records. Just look at sites like Zillow, you can look up any property and they'll show you a history (I'm not sure how far back they go) of the sales history of the house.
Re: So, I tried Dwolla
#16I'm curious if others have had similar experiences.
I've had good experiences moving a few thousands of dollars around through Dwolla in order to get them into bitcoin exchanges.
Re: So, I tried Dwolla
#17I currently use Dwolla for transferring funds over to Mtgox. Given this information, is there a better service for getting funds from a bank account over to Mtgox without doing a wire transfer?
Re: So, I tried Dwolla
#18Earlier quoted context omitted.
Are house sale prices not documented publicly in the US?
Yes, sale prices can be found in public records. Just look at sites like Zillow, you can look up any property and they'll show you a history (I'm not sure how far back they go) of the sales history of the house.
Whether property sales are public depends on the state you're in. Texas, for instance, doesn't make sale prices public.
Re: So, I tried Dwolla
#19Try Venmo?
Venmo has a $5k per week limit on payments as well as cashouts.
Re: So, I tried Dwolla
#20Citibank and Chase both have money transfer services via email. QuickPay and PopMoney, I believe. I have used both of them and they work. The sender needs to have an account with the originating bank, either Chase or Citi but the recipient can have an account anywhere with a routing number and account number. The bank facilitating the transfer will ask for ACH access to your receiving account and place some small transfers into your account. When you see those transfers they are like activation codes which you then use to validate that you are the owner of that account.
This certainly works in one off situations but I would love to see Citi or Chase productize this via an API for authorized merchants, etc.