AI
Thursday, April 09, 2015 2:33:40 AM
Have you read Dwolla's legal disclaimer?
https://legal.dwolla.com/tos/
Specially section 1.1 which they were kind enough to write in bold:
" THE FUNDS HELD IN THE HOLDING ACCOUNT ARE NOT ELIGIBLE FOR INDIVIDUAL INSURANCE AND MAY NOT BE ELIGIBLE FOR SHARE INSURANCE BY THE NATIONAL CREDIT UNION SHARE INSURANCE FUND. IN THE EVENT OF A FINANCIAL INSTITUTION PARTNER RECEIVERSHIP, YOU MAY LOSE VALUE. "
I can't understand why a government agency or any other business would do transactions with them... Why risk all funds in your account when about every other bank account in the country has this insurance... I guess the market is dying for real-time transactions to take such risks...
Oh, you mean you still have to load & unload accounts with ACH? Ha, still room for MYEC to improve Dwolla's service if people & businesses are still willing to risk their funds with Dwolla
https://legal.dwolla.com/tos/
Specially section 1.1 which they were kind enough to write in bold:
" THE FUNDS HELD IN THE HOLDING ACCOUNT ARE NOT ELIGIBLE FOR INDIVIDUAL INSURANCE AND MAY NOT BE ELIGIBLE FOR SHARE INSURANCE BY THE NATIONAL CREDIT UNION SHARE INSURANCE FUND. IN THE EVENT OF A FINANCIAL INSTITUTION PARTNER RECEIVERSHIP, YOU MAY LOSE VALUE. "
I can't understand why a government agency or any other business would do transactions with them... Why risk all funds in your account when about every other bank account in the country has this insurance... I guess the market is dying for real-time transactions to take such risks...
Oh, you mean you still have to load & unload accounts with ACH? Ha, still room for MYEC to improve Dwolla's service if people & businesses are still willing to risk their funds with Dwolla
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