Hey guys. I’m a trader on HodlHodl and LocalBitcoins in Canada. I would very much like to expand to Bisq or maybe just replace LB with Bisq as one of my trading platforms.
Problem is, in Canada the most popular payment method on exchanges is e-transfers. And right now there is a big on Bisq which pretty much makes it very hard to trade with e-transfers in Canada. See here for more details: https://github.com/bisq-network/bisq/issues/3931
So if I am to trade on Bisq I will need to find an alternate payment method. And I find PayPal is probably my best alternative to e-transfers.
However, Paypal has inherent risks of chargebacks and payment reversal. I believe a chargeback can be initiated within 30 days of the original payment date.
So would it be possible to tell all my buyers that if they use Psypal, I reserve the right to hold the coin in escrow for 30 days after initial payment?
If I get the buyer to agree in chat to have the coin held in escrow for 30 days, would a mediator frown upon such practice? What would happen to a trade with coin held in escrow for 30 days after payment was made?