All the exposed material can help in a law court. How about suing them?
So, I tried Dwolla
121–130 of 151 posts
Re: So, I tried Dwolla
#122[deleted]
Re: So, I tried Dwolla
#123> While there are no really good alternatives to moving money domestically except via check Does the U.S. really not have customer-to-customer wire transfers from regular banks? I'm continually amazed by how terrible your banking system is.
As an American living in the UK, I was amazed at how easy it was to transfer money here. It's seriously painless.
Re: So, I tried Dwolla
#124> While there are no really good alternatives to moving money domestically except via check Does the U.S. really not have customer-to-customer wire transfers from regular banks? I'm continually amazed by how terrible your banking system is.
It truly is shit. Japan's isn't great either. UK's probably the best I've experienced in all the countries I've lived in. Hong Kong comes a close second.
Norway's is also pretty easy. You log on, enter the person's account number (unless you already have it saved), and give the amount you want to send along with the date you want it to happen.
Re: So, I tried Dwolla
#125> While there are no really good alternatives to moving money domestically except via check Does the U.S. really not have customer-to-customer wire transfers from regular banks? I'm continually amazed by how terrible your banking system is.
It's pretty easy in India too. It's called NEFT and very cheap. I've never been charged more than Rs. 10 - 20.
Re: So, I tried Dwolla
#126Earlier quoted context omitted.
I don't think your impression of American shopping is accurate. Many people pay with credit cards because they don't want to deal with loose coins and because credit card transactions can be viewed online. Anything I put on my Visa card I pay off in full at the end of the billing period; there are no fees, charges, or changes in prices that hit you when you use a credit card.
In the UK we can do all that with debit cards, only there's no monthly bill to occasionally forget to pay.
We too can use debit cards that way. The laws regarding fraud liability differ between debit and credit. As such, credit card providers generally have fraud detection departments working around the clock, whereas the onus is entirely on you to report fraudulent charges on a debit card within so many days of the charges appearing on your monthly statement.
Re: So, I tried Dwolla
#127The 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…
Dwolla did not perform a "background check" in the sense that you may think. When dealing with online fraud, it's common to use identify verification services like IDology (and a few others) that basically provide an API to generate these types of questions based on public records matching your name/address. Many banks use the same verification services.
Odd, because if it's publicly available...
Re: So, I tried Dwolla
#128Moving 5 figures of needed funds through Dwolla immediately after opening an account. Come on - that's just pricelessly stupid, and I'm not surprised it raised flags. The clown is the person who would do such a thing. And he expects the funds to be available almost instantly. Send a few hundred or thousands of dollars to test an entirely new payment method first, and to establish that it works.
Anyone involved in technology should know - test before making a big commitment.
Sorry, I don't give any demerits to Dwolla on this and neither should you.
I've used dwolla quite a bit, mostly for bitcoin, and it's been fine. As with any place that handles your money, you need to establish a short record of legitimate transactions and use it sensibly. Otherwise you are a "clown."
Re: So, I tried Dwolla
#129Earlier quoted context omitted.
Interesting, none of my (four) banks have asked for photo ID. Two of which were started online (but are still a traditional bank).
When did you open those accounts? "Know Your Customer" (which basically translates to SSN, government-issued photo ID, and blacklist checks) has been required of all US banks since 2003 thanks to the 2001 PATRIOT Act. When I was 15, I was able to open a checking account by mail with no ID. Today, every bank I use lists government-issued photo ID as a requirement right on the website before you can start applying.
I work at a major online bank in the US. We have strong "Know Your Customer" policies as required by the Patriot Act, but they do not, in the normal course of business, require a copy of an ID. The Patriot Act does not require IDs, it requires processes to identify the customer, and different banks approach that differently.
Re: So, I tried Dwolla
#130Earlier quoted context omitted.
Credit cards are still more expensive than debit cards, and in Australia any machine that can take the former will take the latter as well. Credit cards allow you to spend money you don't have, whereas debit cards don't.
Sure, credit cards aren't a good product for every person, but your dismissal of them is fairly shallow. Not all credit cards have annual fees, and those that do usually offer benefits to the card holder that the card holder has determined are worth the cost of the fee. Interest is only charged if you don't pay your card off each month, and I have mine set up to pay automatically. They do allow you to spend money you…
One way to reconcile our views on this is the hypothesis that most Australians are living beyond their means...