Western union/moneygram as payment option

Payment methods
1

Hey all.

Was wonder if we can have western union and moneygram cash in store option. chargeback almost impossible and receipt as proof easily to obtain.

Thanks in advance.

2

As these work like cash deposit, I think WU and MG could be added in a similar way. We didn’t really consider them due to very high fees. What makes you think people would use it?

3

Thanks for prompt answer. Fees are not important. WU / MG is global so therefore anyone can buy from me bitcoins using this method.
If buyer is happy to pay premium why not? if we limit ourselves to only bank transfers/deposits that will be pointless.

If cash in store is used, chargeback is 0% possible. So i would vote for this to be added.

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4

I see. You seem to have some experience with WU/MG. It would be great if you could help me figure this out.

What is the mandatory information (text fields) to send and receive money via WU and MG?

A buyer needs to be able to prove he sent the fiat money. Would it be possible in both cases to tear a paper receipt into 4 pieces and take a picture of it?

I did a short google search and instantly found a WU fake receipt generator. I gues that would be a problem.

What do you think?

5

With WU:

For seller :

1.Name
2. surname
3. country
4. currency (sometimes country can pay in 2/3 different ones within same country)

For buyer seller providing:

1.MTCN
2.Name
3.Surname
4.country
5. amount in chosen currency.

Proof for sender: photo of paper receipt with custom note or even ID
For receiver: Again photo of receipt with all details visible.
Also: WU allows to check online if transfer is ready to be picked up/ waiting/ or picked up by receiver. So not that easy to scam.

For moneygram same rule apply:

Both buyer/seller must provide name surname , country, and currency.
On both ends ID is needed so not that easy to scam neither. Paper receipts and online check possible.

Hope that helps. I was doing a lot WU on localbitcoins and never been scammed even once. Fingers crossed of course.

To be honest i think even simple feedback system would help a lot in both cases. as of now without ranking or feedback system in place there is huge chance someone might scam.

1 Like
6

Wow, thanks a ton.

Looking good.

I’ll do some more research and will talk to Manfred about adding. Might even be in the next release.

Thanks again!

7

Well, we still waitign for WU on Bisq. I live in Ecuador and here WU is very common.

Please add WU and MG. Thank you