Ok, well, there’s not much point in posting a screenshot anyway TBH.
On the Barclays account, the outgoing FP payment only shows a name reference and obviously the amount.
With the Halifax account that received the FP, there was a lot more reference number information (internal bank references), but absolutely NONE of it was a reference to the transaction details other than the name which doesn’t help tie that with the Barclays payment otherwise, and therein lies the easy possibility for scamming i.e.
The sender creates a new faster payment using their family’s or other bank account details, but using the Bitsquare reference as the name and just sends the money there! When it comes to arbitration, they just say ‘look, there’s the payment I made’. But that proves absolutely nothing!
I think it’s far easier in arbitration for the receiver to show that they have not received the money by the simple omission of it not in the recent transactions, but even there is another problem.
Say the seller sold quite a few identical Bitcoin transactions. How do you separate them out without some sort of unique ID again?
This looks a bit of a minefield, no?
The same thing obviously applies to SEPA or other payments.
Regarding my 2nd sale. It is now well over 2 hours since the original sale. That’s 2 hours AFTER the confirmation in the block chain, and they still have not even initiated the payment.
Overall, I haven’t received a penny yet.
Edit: Almost as soon as I’d posted this, the 2nd transaction status changed to show the sender had sent the payment. I checked the bank and the money was there! That’s how Faster Payments should work. Nice
Why would ANYONE in their right mind use SEPA / CHAPS which they are charged a huge fee for using the exact same details they would for Faster Payments which are FREE and instant?