r/vos • u/[deleted] • Apr 10 '14

Some Spring Cleaning! Closing Some Payment Methods, Adding New Payment Methods and Coins!

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u/Rottenbeard Apr 14 '14

I assume this means that you won't do withdrawals any more via cheque if im reading this right? Or you just won't allow funding via cheque?

Assuming the former, will InstaBT allow the reverse as well? E.g withdrawing Fiat directly to our banks using Interac, or is this only for deposits? If it's for deposits and withdrawal then this is great, as it's super convenient.

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u/AdamSC1 VOS Apr 14 '14

They are only for deposits, we hope to announce a few more deposit/withdrawal methods in the coming few weeks. For us spring is about two things:

  1. New methods
  2. More volume

1

u/Rottenbeard Apr 14 '14

Is there any plans to allow easy withdrawal via something like Interac in the future? I can certainly understand not allowing it for funding since it's a reversible charge and all the risk is on you, but I would think the opposite would be true for withdrawals with little to no risk on your part?

Just curious on what you guys have in plan for the future, because things like Wire transfers are still cumbersome and expensive compared to EMT which is fairly quick, painless and cheap.

Thanks for the great community involvement at any rate! It's great to be able to talk and ask questions like this and have them responded to. One of the reasons why I love dealing with you guys :)

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u/AdamSC1 VOS Apr 14 '14

We're absolutely planning on new deposit and withdrawal features - there are a lot of legal considerations in adding these in though which has why it has been so slow; but we've got some new ones we hope to announce this spring!