WildWoodFlower
Active Member
Greets All,
I am sure with the option posted on many of today's popular seed banks for payment option that most at least heard of this currency as a payment option. Several of these banks even go as far as to offer you extra bonus freebies for completing your purchase using it. But... Before you make a decision to take this route of payment I urge you my fellow medicates to read this first !!! ... I admit I was very reluctant to get involved with this in my opinion " Hacker Money " in the first place but seeing how the top seed banks were offering this option it must be legit, correct ? ...Wrong ... Like most of you I love to get extra bonus stuff so when I saw a seed bank offering this bitcoin promotion I jumped on the offer despite my initial thought of it being shady. ( I have already mentioned the seed bank I am referring to in a review posted on here of them. So not to beat a dead horse , I will not mention the specific bank in THIS post ). Anyway I bought enough bitcoin to make the purchase and even left myself plenty of extra funds to make sure there were no issues or hidden , unexpected fee's when making the purchase I would have enough to clear them. My order total came to $25.00 and included x3 free seeds for a Holiday Promotion as well as x2 free seeds for purchasing with bitcoin. I followed the directions to make the payment and before I hit send I saw that it was going to cost me an outrageous $33.00 ( 60% + of order amount ) on top of the amount I was sending so close to $60 worth of bitcoin to complete a $25.00 order.
At this point I was outraged and sent " Coinbase.com ( The exchange used ) " a few not so nice emails. Just to touch on it without getting off topic for those of you not familiar with them or how they work , you can buy bitcoin through them for cash, credit card , bank transfer, etc. The thing is once you have your bitcoin which takes 3-5 business days ( more like 9 days ) to become available for you to use, you can not send payment from Coinbase without paying huge network transaction fee's like the whopping 60+% I spoke of. So the workaround is that Coinbase also owns gdax,com and you can transfer funds from your coinbase account to your gdax account free of fees and then from gdax you can send payment to the merchant's ( seed bank in this case ) wallet without the insane network fee's. Sounds easy enough , but doing a simple " gdax refuses to let me exchange or complete my account verification " search in Google will prove very different. Like so many others they seemed to purposely keep me from logging in correctly even though it logs in from your coinbase account. So now I have my bitcoin I bought for the order but can't move it anywhere I am able to send it without getting nailed by massive fees for doing so. Gdax supposedly allowed this free of fee's but conveniently they simply do not answer support tickets and if they do give you a run around of excuses why you can't login that make no sense when I am logged into CB already and that is the login used for gdax, SMH. There is ALWAYS issues with being able to login to gdax to make the transfer so you end up getting stuck with no other option than to pay the high fees to make your order in time to take advantage of the promotional Holiday promotion in this case ( Very convenient for Coinbase that you are unable to login and have to pay them all that $$ in BS fees , I would have to say ).
Now that you have a basic idea of how Coinbase and Gdax work and don't work ..Since I was unable to login to make a fee free transfer I was left with the only option pay the fees to place the order in time to be eligible for the promotion. So I paid $60 to place a $25 order and that is just the start of it. After seeing no activity change on the order I contacted the seed banks support to find out what is going on with the payment I sent them and I was informed that they did not receive payment that I sent because " the transaction timed out ". I was then told they would issues a new order and sent me a link to request a refund and reorder again. I was shocked to hear this as I already received email conformation from coinbase.com informing me that I successfully completed a transaction with bitcoin to the wallet address they told me to use and that this transaction was final and could not be reversed. I checked my bitcoin wallet and the funds were removed and according to logs the payment was complete. However the seed bank claim they did not accept the payment and I should request the refund and re-order again. The kicker is that when I went to do the " Refund " which in order to refund does it not have to be received first ? how do you refund something you never had ?? Hmmmm . Anyway when following the direction for refund I noticed I would only be refunded the $25 and not the other $33 that I paid for this failed transaction in the first place. So now within a couple of days with nothing what so ever to show for it other than anger and I am asked to re-send the payment again which would have costed me another $20 - $30 in these BS network fees not to mention who was to say if I did pay it again that same thing would not happen again and then I would have been scammed out of another chunk of change in fees for nothing! Needless to say I refused to send another dime and went ahead and requested the refund since it was my only option.
Twelve hours later I get a email from coinbase informing me that the amount of $9 in bitcoin was refunded to my wallet. So although my transaction was never completed and my order still is unpaid I now only have $10.17 in my bitcoin wallet left out of $68.00. So in a nut shell I paid $33 dollars in transaction fees to send payment to this seed banks plus $25 for order total that I was forced to refund and end up with over $50 that magically vanished into the internet and neither coinbase or the seed bank can account for where all that money went and I got not a thing other than a run around and scammed out of my money! I took the remaining $10 in bitcoin that they didn't rip me off sent it back to my bank and will never again waist my time or money with neither coinbase or this seed bank.
I am beyond upset but more importantly I want to get this story out so that no one else has to learn the hard lessons I did. And perhaps I can save someone else all the grief and aggravation of watching thieves take your money and then tell you no one is going to do shit about it. This bank could have stood uo for themselves and me as a customer of theirs against this ( obvious scam ) and file a merchants complaint support ticket to help resolve this but instead in basic told me oh well ..With support like that I amsure it's just a matter of time that they get the screws put to them right back. As of for coinbase and bitcoin in general I hope this was enough to keep you well clear of them. So if you still chose to pay with bitcoin , be aware that this could very easily happen to you as well. I would highly recommend choosing another payment method .. Anything other than bitcoin ! This could very well be a directed problem toward coinbase and the seed bank only but after all this fiasco , I personally will never again have any doing with bitcoin or anything like it ! Peace Roll It Up'ers keep ya heads up for shady BS like this and best wishes to everyone for the new year![bongsmilie bongsmilie bongsmilie](/styles/smilies/bong7bp.gif)
I am sure with the option posted on many of today's popular seed banks for payment option that most at least heard of this currency as a payment option. Several of these banks even go as far as to offer you extra bonus freebies for completing your purchase using it. But... Before you make a decision to take this route of payment I urge you my fellow medicates to read this first !!! ... I admit I was very reluctant to get involved with this in my opinion " Hacker Money " in the first place but seeing how the top seed banks were offering this option it must be legit, correct ? ...Wrong ... Like most of you I love to get extra bonus stuff so when I saw a seed bank offering this bitcoin promotion I jumped on the offer despite my initial thought of it being shady. ( I have already mentioned the seed bank I am referring to in a review posted on here of them. So not to beat a dead horse , I will not mention the specific bank in THIS post ). Anyway I bought enough bitcoin to make the purchase and even left myself plenty of extra funds to make sure there were no issues or hidden , unexpected fee's when making the purchase I would have enough to clear them. My order total came to $25.00 and included x3 free seeds for a Holiday Promotion as well as x2 free seeds for purchasing with bitcoin. I followed the directions to make the payment and before I hit send I saw that it was going to cost me an outrageous $33.00 ( 60% + of order amount ) on top of the amount I was sending so close to $60 worth of bitcoin to complete a $25.00 order.
At this point I was outraged and sent " Coinbase.com ( The exchange used ) " a few not so nice emails. Just to touch on it without getting off topic for those of you not familiar with them or how they work , you can buy bitcoin through them for cash, credit card , bank transfer, etc. The thing is once you have your bitcoin which takes 3-5 business days ( more like 9 days ) to become available for you to use, you can not send payment from Coinbase without paying huge network transaction fee's like the whopping 60+% I spoke of. So the workaround is that Coinbase also owns gdax,com and you can transfer funds from your coinbase account to your gdax account free of fees and then from gdax you can send payment to the merchant's ( seed bank in this case ) wallet without the insane network fee's. Sounds easy enough , but doing a simple " gdax refuses to let me exchange or complete my account verification " search in Google will prove very different. Like so many others they seemed to purposely keep me from logging in correctly even though it logs in from your coinbase account. So now I have my bitcoin I bought for the order but can't move it anywhere I am able to send it without getting nailed by massive fees for doing so. Gdax supposedly allowed this free of fee's but conveniently they simply do not answer support tickets and if they do give you a run around of excuses why you can't login that make no sense when I am logged into CB already and that is the login used for gdax, SMH. There is ALWAYS issues with being able to login to gdax to make the transfer so you end up getting stuck with no other option than to pay the high fees to make your order in time to take advantage of the promotional Holiday promotion in this case ( Very convenient for Coinbase that you are unable to login and have to pay them all that $$ in BS fees , I would have to say ).
Now that you have a basic idea of how Coinbase and Gdax work and don't work ..Since I was unable to login to make a fee free transfer I was left with the only option pay the fees to place the order in time to be eligible for the promotion. So I paid $60 to place a $25 order and that is just the start of it. After seeing no activity change on the order I contacted the seed banks support to find out what is going on with the payment I sent them and I was informed that they did not receive payment that I sent because " the transaction timed out ". I was then told they would issues a new order and sent me a link to request a refund and reorder again. I was shocked to hear this as I already received email conformation from coinbase.com informing me that I successfully completed a transaction with bitcoin to the wallet address they told me to use and that this transaction was final and could not be reversed. I checked my bitcoin wallet and the funds were removed and according to logs the payment was complete. However the seed bank claim they did not accept the payment and I should request the refund and re-order again. The kicker is that when I went to do the " Refund " which in order to refund does it not have to be received first ? how do you refund something you never had ?? Hmmmm . Anyway when following the direction for refund I noticed I would only be refunded the $25 and not the other $33 that I paid for this failed transaction in the first place. So now within a couple of days with nothing what so ever to show for it other than anger and I am asked to re-send the payment again which would have costed me another $20 - $30 in these BS network fees not to mention who was to say if I did pay it again that same thing would not happen again and then I would have been scammed out of another chunk of change in fees for nothing! Needless to say I refused to send another dime and went ahead and requested the refund since it was my only option.
Twelve hours later I get a email from coinbase informing me that the amount of $9 in bitcoin was refunded to my wallet. So although my transaction was never completed and my order still is unpaid I now only have $10.17 in my bitcoin wallet left out of $68.00. So in a nut shell I paid $33 dollars in transaction fees to send payment to this seed banks plus $25 for order total that I was forced to refund and end up with over $50 that magically vanished into the internet and neither coinbase or the seed bank can account for where all that money went and I got not a thing other than a run around and scammed out of my money! I took the remaining $10 in bitcoin that they didn't rip me off sent it back to my bank and will never again waist my time or money with neither coinbase or this seed bank.
I am beyond upset but more importantly I want to get this story out so that no one else has to learn the hard lessons I did. And perhaps I can save someone else all the grief and aggravation of watching thieves take your money and then tell you no one is going to do shit about it. This bank could have stood uo for themselves and me as a customer of theirs against this ( obvious scam ) and file a merchants complaint support ticket to help resolve this but instead in basic told me oh well ..With support like that I amsure it's just a matter of time that they get the screws put to them right back. As of for coinbase and bitcoin in general I hope this was enough to keep you well clear of them. So if you still chose to pay with bitcoin , be aware that this could very easily happen to you as well. I would highly recommend choosing another payment method .. Anything other than bitcoin ! This could very well be a directed problem toward coinbase and the seed bank only but after all this fiasco , I personally will never again have any doing with bitcoin or anything like it ! Peace Roll It Up'ers keep ya heads up for shady BS like this and best wishes to everyone for the new year
![bongsmilie bongsmilie bongsmilie](/styles/smilies/bong7bp.gif)
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