Cancel open trade with unresponsive buyer

Support
1

I am trying to sell some BTC. I clicked on an offer that a BTC buyer had posted and accepted the offer.

At the time I accepted the offer, the BTC price was considerably lower than it is now. The buyer has not made payment and it has been a day and a half so far. The offer I accepted requires the buyer to pay me via Zelle.

I can’t imagine why the buyer would want to delay making the payment, since the price he would pay is lower than the current BTC price. I sent him a chat msg last night asking him (nicely) to complete the trade, as I’m in a hurry to get it done (especially given the trend in price).

My question: Is there any way to cancel the trade at this point, since the buyer has not made any payment? I see no way to do that.

I realize there is a 4-day rule. Am I stuck waiting it out? If there is a way to cancel the trade, what are the ramifications for doing so with respect to the deposits involved?

Thanks for any advice

2

You are right in that you cannot just cancel the trade now that it has been opened, or rather, you can but you would face a penalty.
You should definitely wait for the trade period expiration, and if that is reached, you will get a compensation out of the buyer’s deposit, and will be able to cancel the trade then. Here’s hoping the buyer doesn’t become unresponsive

3

Here’s how Bisq deals with trades when they don’t go the happy path: Dispute resolution - Bisq Wiki