Withdraw funds from 4.CN

[tonecas]

has anyone having problems withdrawing money from 4.cn lately?

since about one year ago withdrawing money in the 5 figures range is a pain, specially in USD.

it seems the intermediary bank (an US bank) asks for information about the transaction. I have been providing it over and over again but every time I try to get my money it takes weeks until I receive the funds.

from 4.CN sometimes i get a reply that they need their boss to provide personal information to the banks but that he is traveling and can't provide it now. this seems bogus to me. why a company needs it's boss to clear transactions? aren't they a business and have a CFO, CTA or similar?

I have been getting my money but this puts me unease.

any similar experiences?

 

[Michael Ehrhardt]

Hi there
I just tried to withdraw my funds as well
My email and my bank are verified
Now when i try to withdraw they ask for reall name verification and than i have to add my pp or bank again

Wtf

Any idea ?

 

[ghcomp]

it seems the intermediary bank (an US bank) asks for information about the transaction. I have been providing it over and over again but every time I try to get my money it takes weeks until I receive the funds.

Seeing that it's a US bank maybe they want to know the source of funds that is required by the FIU and perhaps that's why they keep asking for identification and also why it takes a while to verify.

 

[promo]

Might be a issue of liquidity. Looking at their transaction numbers they only do 500 transactions a year or something.

At least if they number their transactions consecutively. This seems to be true.

 

[Michael Ehrhardt]

4.cn is now a eName company
I cant believe they have a limit or some like that

There must be a Bug or change in the Settings

Weird that i always find the Bugs at Sedo or Uni or 4.cn

I am a magnet for that

Done 4 times a withdraw in the past
Fast and easy

New management might changed something

 

[tonecas]

since I reported this issue I never have been able to withdraw money in USD without any problem.

EUR transfers gave no problem but now they are giving too.

I have transfers stalled for a month and still nothing...

the problem is the transfer is acknowledged by 4.cn's bank and all seems OK but the money gets stalled at the intermediary bank that ask for documentation and, surprisingly, the only way to know this is by insisting in querying the banks to know what is going on.

 

[bobbarato]

This is all my fault. I've been thinking of giving 4.cn a whirl and I jinxed it. Sorry Namepros.

btw I broke goldenname.com too...

 

[Michael Ehrhardt]

This is all my fault. I've been thinking of giving 4.cn a whirl and I jinxed it. Sorry Namepros.

btw I broke goldenname.com too...

 

[imglobal]

I never have a problem with 4.cn except for one time when they were in the a staff meeting and could not send the same day. Their wires always reach my bank account the very same day they send (because they are ahead by 15 hours). Overall their support is often instant reply.

It's kind of a concern to have my photo id on file with them, but I guess they had encountered scammer before so it is to protect their customers.

My last withdraw on 1/21/17 was about $41,000. The total withdraw so far is:

1,908,050.36 CNY =277,700.209 USD

The only concern I have with them is the domains don't get as much bids or pitch better pricing like on namejet. But they can move names and can't beat the gold account with only 4% commission. But I guess you get what you paid for.

They are a sizable company and been around awhile. They also own dn.com as an escrow services company but I don't like it.

Hope that helps.

 

[bobbarato]

I'd like to ask a noob question. So when the (wire?) payment from 4.cn is delayed do you contact 4.cn and they get back to you with 'it is at xyz bank, here's the transaction number, contact them'?

 

[tonecas]

yes, they come with a talk similar to that. that's when the problem starts. you have to insist with them to check with their bank and look at the status of the transaction. only they can find out if the transfer is stalled, typically because of the need of documentation proving the origin of the funds. but they always start saying it's fine and the money was sent...

 

[imglobal]

I'd like to ask a noob question. So when the (wire?) payment from 4.cn is delayed do you contact 4.cn and they get back to you with 'it is at xyz bank, here's the transaction number, contact them'?

Have you spoken to your account representative? I have my own dedicated representative. There was only one time when I needed her to push finance department on the wire and it gone out the same day. They also provided receipt of the wire.

 

[tonecas]

receipt of the wire doesn't mean anything because the transfer may be stalled in intermediary banks, even if for the sending bank all seems OK...