What new payment methods would you like added to Bisq?

Pazza · November 6, 2020, 1:00pm

I have recently taken on the role of researching new payment methods that can be added to Bisq and am looking to get ideas from Bisq users about what payment method they would like added.

If you would like to buy or sell using a particular payment method that is not available on Bisq please let me know. Or if you have any suggestions or ideas about payment methods you think would be popular on Bisq please share.

Please share her or on the GitHub post I have just published.

Thanks

Bokehman · December 22, 2020, 6:09pm

There’s a new payment method in Brazil called PIX. It’s interchangeable between banks, instant and you don’t need to give much information: An email or phone number is enough (just like Zelle).

Pazza · December 26, 2020, 12:13am

Thanks @Bokehman thanks for mentioning PIX. It has been proposed in GitHub. If you could add your comments to the proposal that would be much appreciated

github.com/bisq-network/growth

New payment method from Brazil - PIX

opened 07:58AM - 18 Nov 20 UTC

closed 08:32AM - 04 Oct 21 UTC

felipeucc

re:payment-method

There is a new method of transferring securities available in Brazil called PIX.… The recipient only needs to share a phone number, e-mail or Social Security Number. The advantage over the National Bank Transfer payment method is that the PIX works 24 hours a day, 7 days a week and the transfer takes place in a few minutes. To prevent users from creating orders in different ways with the intention of receiving through PIX (which would make it difficult to accept orders), I believe it would be important to create a PIX payment method where you only need to inform one field, which would be the link , a phone or email ### Why _Why would Bisq benefit from adding this payment method? Is is popular in a particular region? More convenient? More safe?Is a payment method that works in the same way as National Bank Transfer for security, but uses a new protocol established by the Brazilian Central Bank and allows transfers to take place in a few minutes and works 24/7, which allows for faster negotiations ### Region _Who can use this payment method?_ works throughout Brazil ### Chargeback risk _How easy is it to cancel a payment once it's made? This is the most important characteristic of a payment method._ There is a possibility of chargeback if the payer disputes the payment at the Bank, as it is already done with National Bank Transfers. PIX follows the same rules, only uses a new protocol that works 24/7 ### Data requirements _What information **must** a user provide to a counterparty to accept a payment?_ the recipient needs to fill in a single field with the information he prefers (according to the registration made at PIX): Social Security Number (called CPF in Brazil) OR Phone number OR Email Only one of these 3 information is sufficient for payment to be made ### Verification _How can payments be verified? Examples: TLSNotary is typically used for electronic payments, and receipt scans are typically used for money orders._ it is possible to generate a proof of transaction via internet banking ### Duration _How long do payments take? Please provide a range, as the advertised best-case scenario rarely accounts for edge cases._ as PIX works 24/7 there is no need to worry about weekends for example. So I believe that 1 day is enough for the negotiation to be concluded ### Fees _Does it cost anything to make a transfer using this payment method? If so, how much?_ There are no costs ### Fraud risk _How easy or difficult is fraud with this payment method?_ it is possible for the recipient to inform a link in the field with the necessary data for payment (email, telephone or SSN described above). Link is also a valid possibility within the PIX protocol, but for the user's security within Bisq I believe that this option should not be used, because the link could be to a malicious destination. Outside this point, the risks are the same as for a National Bank Transfer

bisqforever · January 28, 2021, 5:45pm

Please add Bitrefill balance card or integreted bitrefill widget on bisq.

Balance cards are USD or EUR denominated gift cards which can be used by anyone, anywhere, to purchase any of our thousands of mobile refills or digital gift cards.

Buy a USD or EUR denominated Bitrefill Balance gift card, with Bitcoin, and shop from Bitrefill’s catalogue of 2000+ products, from anywhere, at any time. The Balance card never expires, and gives you credit to buy your Steam, Netflix, Uber Eats, Amazon, or thousands of our other products, instantly.

Pazza · January 29, 2021, 11:17pm

Thanks, what would be the use case for this?

Wouldn’t the BTC buyer just be buying a gift card using BTC to purchase BTC at a markup?

bisqforever · January 30, 2021, 7:04pm

With bitrefill I could sell my cryptos and receive a gift card with FIAT money. The buyer could purchase the gift card with any crypto and exchange it at any time to receive crypto.This would be a decentralized, private and confidential exchange. If in the future bitrefill would add even more payment methods it could be even more interesting. For now it would only be a stable currency exchange.

Pazza · February 1, 2021, 2:41am

Ok, so rather than you buy the fiat gift card yourself another user would buy it on your behalf? But wouldn’t the buyer then need to purchase you a gift card with their own crypto to send you a gift card?

I don’t think you can purchase gift cards on Bitrefill with anything other than crypto.

bisqforever · February 3, 2021, 7:46pm

Yes only with crypto. But I can get a gift card in fiat. Another alternative is this.
Here you can also buy gift cards with fiat and it is an alternative to amazon.
https://dundle.com/
No registration is needed to purchase. You can buy gift cards with 69 payment methods

Pazza · February 6, 2021, 12:42am

Thanks, I think Dundle would be a better option as it gives the user way to pay in fiat. Including Paypal!

I did not see a Dundle gift card though. It would be good if the buyer can just purchase one gift card and then the seller can use the Dundle gift card to exchange into a gift card for something else. Is this possible?

bisqforever · February 6, 2021, 9:48am

I have never used the service. From what I read you can buy gift cards or prepaid cards like visa, mastercard. Purchases can be made with 69 payment methods including paypal or credit cards.

Get your Prepaid Mastercard Gift Card online within seconds

Looking for a secure prepaid card for online payments? Get this virtual Mastercard Gift Card now with instant email delivery and it’s ready to use within seconds. Spend the pre-loaded balance online anywhere Prepaid Mastercards are accepted. That’s millions of sites! No need to complete an application process, deal with bankers or share personal financial data you want to keep private. You don’t even have to link a bank account! No more overspending or surprise fees, since you can only spend the available balance on the card. So buy your virtual payment card now, receive the unique code by email, and use it immediately to pay online with full security!

Does this Prepaid MasterCard expire?

First, make sure to redeem your gift card code within 4 months after the purchase. Once redeemed, you receive your instant Mastercard details which are valid for a period of 12 months in Europe and 6 months in the United States. Log in to My Digital Wallet to find the details of your card.

bisqforever · February 26, 2021, 6:45pm

I found and tried this alternative. You can buy gift cards through credit cards. It could be an alternative .https://giftoff.com

Pazza · February 27, 2021, 12:38am

Thanks @bisqforever for the suggestion. I have revisited your earlier suggestion about Bitrefill. Check out the proposal here: Add BitRefill as a multi-currency payment method

bisqforever · April 12, 2021, 9:27pm

when will birefill be added?

Peer · April 13, 2021, 8:05am

Bill Payments.
I would like to pay my bills with bitcoin. So selling btc on bisq and buyer pays for my bill. Currently bitbill dot eu is offering this service anonymously up to 500 eu. local coins swap has something similar ‘Bill payment’. It’s not very popular though.

Pazza · April 16, 2021, 10:46pm

Looks like this service has shutdown https://www.bitbill.eu/ ??

Pazza · April 16, 2021, 10:46pm

Looking to make recommendations at the end of May. Please comment on any payments you would like added as it will make it easier to see what are the most in demand payment methods.

Peer · April 21, 2021, 9:31am

Correct, I didn’t know that

Conza · June 13, 2021, 3:15am

We know why?

Pazza · June 13, 2021, 2:29pm

Not sure, I do not think they were ever very popular: https://twitter.com/BitbillE (13 followers).

Bitrefill seems to be a lot more popular and that is due to be added.

Conza · June 15, 2021, 1:28am

Ah mistook them for Bitrefull