Hacker Read

xadhominemx · 2024-02-03 14:50:09

How is any of this different with cash withdrawals? You're still withdrawing from a digital account.

amiga_500 | karma 776 | avg karma 1.35 · | 2019-07-28 17:58:25+00:00

What if you cannot withdraw it because we move to digital only "cash"?

olalonde | karma 25101 | avg karma 4.21 · | 2022-07-01 10:14:54

Your money can't be debased. You can withdraw your money from your bank (digitally).

PakG1 | karma 6101 | avg karma 3.08 · | 2023-03-22 21:43:11

I presume a withdrawal is different from a wire transfer or cheque.

anonymoushn | karma 6102 | avg karma 1.88 · | 2021-11-21 06:00:36

Withdrawal as in obtaining cash? Most payments don't use cash so it seems like a bit of a red herring.

raphaelj | karma 2092 | avg karma 5.23 · | 2020-12-28 00:45:13+00:00

How is this different from withdrawing from an ATM with my C/C ?

InclinedPlane | karma 30955 | avg karma 3.47 · | 2013-04-26 16:02:16

It's not a debit card transaction, it's an ATM withdrawal.

ilyt | karma 8981 | avg karma 1.98 · | 2023-02-28 19:20:32

If you're at bank you can just withdraw cash tho

throwawaygh | karma | avg karma · | 2022-01-26 13:37:45

Interesting; I wasn't aware. In the US it's still very normal (and free) to deposit/withdraw cash at physical branches.

peanuty1 | karma 532 | avg karma 1.68 · | 2023-11-20 17:00:41

Cash App has fees for instant withdrawals.

magnamerc | karma 166 | avg karma 1.11 · | 2019-05-30 17:26:22+00:00

That's interesting. Can you withdraw? I was under the impression that withdrawals are disabled for now.

PeterisP | karma 22789 | avg karma 2.57 · | 2023-01-03 08:53:51

Because unlike in an ATM withdrawal where you take money out from your bank, you just paid the merchant a bunch of money, and the merchant is giving some of that payment back to you as cash.

vinniejames | karma 449 | avg karma 1.57 · | 2019-10-12 19:17:43

Not true, you still get screwed on cash withdrawals regardless of the service you use. Most ATMs apply DCC even when you hold the local currency

gwill | karma 835 | avg karma 4.37 · | 2024-05-01 13:04:18

they charge debit, so it's basically an atm withdrawal at point of sale.

ghshephard | karma 24055 | avg karma 4.4 · | 2013-05-09 21:47:25

Right - but there is a difference between the "Withdrawal limit" and the "Account Balance" - Just because you have a $50mm withdrawal limit, doesn't mean you have a $50mm account balance.

EugeneOZ | karma 2439 | avg karma 1.21 · | 2021-11-21 05:43:24

I’m talking about withdrawal only.

But it's not like a bank, I agree - a bank gives some protection to your money, because they have responsibilities.

reply

andrewxdiamond | karma 1651 | avg karma 4.65 · | 2024-04-30 21:36:53

Nope. ATM withdrawal. My bank even reimburses the ATM fee associated with it

topynate | karma 1081 | avg karma 3.83 · | 2014-03-24 21:59:42+00:00

It's not obvious that you need to verify your identity to withdraw. It would be very easy for someone to see a deposit address and assume withdrawals would be just as friction-less.

davidblair | karma 556 | avg karma 9.42 · | 2014-04-01 00:11:30+00:00

Deposits have been restricted at this time, not withdrawals.

jf22 | karma 861 | avg karma 1.58 · | 2014-11-13 17:27:46

Why not just go to the bank and fill out a withdraw slip?