BitcoinJungle on Nostr: Funding your strike fiat balance with ACH payment methods are slow..very slow. Strike ...
Funding your strike fiat balance with ACH payment methods are slow..very slow.
Strike is protecting themselves from non-sufficient fund rejections 1-5 days after you initiate a fiat deposit.
I bet they were taking some losses from their very generous policy. Imagine this:
- user deposits $100 fiat over ACH to strike
- user immediately pays themselves $100 in btc over LN
- days later, users bank rejects the withdrawal
- strike lost $100 because they can’t claw back the btc
Published at
2023-08-01 17:01:47Event JSON
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"pubkey": "aa55a479ad6934d0fd78f3dbd88515cd1ca0d7a110812e711380d59df7598935",
"created_at": 1690909307,
"kind": 1,
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"content": "Funding your strike fiat balance with ACH payment methods are slow..very slow.\n\nStrike is protecting themselves from non-sufficient fund rejections 1-5 days after you initiate a fiat deposit.\n\nI bet they were taking some losses from their very generous policy. Imagine this:\n\n- user deposits $100 fiat over ACH to strike \n- user immediately pays themselves $100 in btc over LN\n- days later, users bank rejects the withdrawal\n- strike lost $100 because they can’t claw back the btc",
"sig": "455bf044548f318f17fc5c994d314ae8033bc7bbc8524347bcb49e51b610547d05a2fa2e1ad11c890fe4f848ee09e9a007fda39b628e1d2a521a8876c04285c8"
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