Weird situation.

Let me start off by saying I'm not sure if it's the same for everybody but there's a delay between when I make instant purchases and when my bank processes them. I've used this to my advantage before to buy BTC when I didn't have the money to causing my account to overdraft more than once. Kind of using it like credit. On the 10th I placed an order on Coinbase for ~1.6 BTC I knew I didn't have money for in my bank account and spent the coins as planned. Fast forward to this morning when I get an email from Coinbase saying my bank rejected the charge due to insufficient funds and the Visa card I had on file for back up payment was no longer valid for some reason and unable to be charged so the were canceling the order for ~1.6 BTC. I messaged the chat support and explained what happened and he said it was beyond the realm of his knowledge and I'd have to email support directly. Does anybody have any idea what might happen next? I haven't emailed support yet and think I might just try to close the account and call it a win.


Comments


[3 Points] CocaineNose:

<n/a>


[2 Points] ThrowaMilkyWay:

...I might just try to close the account and call it a win.

You sound like an intelligent bloke who's really got his shit together. /s


[1 Points] SLIMEbaby:

So you got your coins out of them before confirming payment? If so, I'd close the account. I highly doubt they will enter it in the chex system, but they might.


[1 Points] hugsfordrugs:

Well I'd imagine that charge would bounce your bank account.


[1 Points] imaballerbaby:

I can't remember how much personal info I had to give to make a CB account but they will likely try to collect on that debt.

If you close your account and try to not pay them you are a cunty douche


[1 Points] iLoveDNM:

You could try to get away with it, but it's the same as writing a bad check. Not only are you going to get a major ding on your credit score, they'll send the debt to a debt collector. They could even charge you with a crime, in my state they call it 'uttering and publishing'. A fraud conviction will not only make it hard for you to get a bank account in the future it will also make it harder to get a good job.

Basically, you can get away with it just as much as you could get away with writing bad checks.