SEPA

SEPA is a payment method used in Bisq for buying and selling BTC for Euros (EUR). SEPA is the most common way people in the EU send and receive payments to each other via their banks.

SEPA payments usually take a couple of working days to complete, but can take up to 6 days depending on weekends and public holidays.

Where can I find out more about SEPA?

Here's a list of SEPA resources:

• SEPA Wikipedia Page
• SEPA regulator

What countries are available for SEPA?

SEPA payments are available to most people in Europe. All EU users and some additional European countries can benefit from this service.

What currencies are available for SEPA?

SEPA allows peer to peer payments of:

• Euros (EUR)

What is the maximum trading duration for SEPA?

The maximum trade time is 6 days. Generally, SEPA payments will be completed within 2 working days. SEPA payments are usually not processed on weekends or bank holidays.

What is the maximum BTC limit for a SEPA trade?

0.0624 BTC.

Is SEPA a payment method that can be signed?

Yes, SEPA payment accounts on Bisq require signing to lift limits to above .002 BTC.

How do I set up a SEPA account?

SEPA is supported by all EU-based banks, some EU-based payment providers, as well as some non-EU European banks and payment providers.

How do I add a SEPA account as a payment method in Bisq?

It is easy to add your SEPA account to Bisq.

1. Go to the top menu in SEPA and select Account.
2. Then select National Currency Accounts.
3. Click add new account
4. Select SEPA
5. Complete the details
6. Choose to use a custom account name this helps makes it easier for you to manage multiple payment methods in Bisq (this will be visible only to you, for example: SEPA - EUR - Jan Franco
7. Click save new account

Make sure all the details are correct when you add.

Make sure to include both your Name as shown by the bank when you send payment (eg Jan Franco, or Franco. Jan), your IBAN and BIC number.

Revolut SEPA accounts are not allowed on Bisq due to poor acceptance by other banks

How do I buy BTC with my SEPA account?

You can buy BTC with SEPA on Bisq in 2 ways:

1. Make an offer to buy BTC on the EUR market.
2. Take an offer to buy BTC on the EUR market.

When the offer is confirmed, Bisq will provide you with the BTC seller's SEPA details for you to complete the payment. You should send the payment immediately and confirm you have done so in Bisq by clicking 'payment started'.

If you have the option to include a payment reference, please leave it blank. If your bank requires one, please just use your name that matches your bank account.

Once the BTC seller receives your payment, they will confirm in Bisq, and your security deposit and your purchased trade amount will be available in your wallet.

Please send payment only to the details provided by the BTC Seller in their Bisq account. Please leave the payment description blank.

How do I sell BTC with my SEPA account?

You can sell BTC using SEPA on Bisq in two ways:

1. Make an offer to sell BTC on the EUR market.
2. Take an offer to sell BTC on the EUR market.

Once your offer is confirmed, Bisq will provide the BTC buyer with your SEPA details for completing the payment. The buyer should send the payment promptly and confirm in Bisq by clicking 'payment started'.

Upon receiving the payment, confirm it in Bisq. After you've done this, the BTC buyer will receive their funds, and you will get your security deposit back.

BTC Sellers should expect to receive payment from the name shown in the BTC Buyer's Bisq account. Not all banks will show the IBAN and BTC number the payment came from but the name must match.

Are there any limits for me to be aware of when using my SEPA account?

Limits are set by your bank. Check with your bank what the limits allowed are. Most limits are about €50,000 per day. There is no minimum limit.

Are there any fees for me to be aware of when using my SEPA account?

It is free to send and receive SEPA payments (as in the SEPA network itself do not charge fees to the operators). However, some banks might add changes to send or receive SEPA payments. If your bank has SEPA charges consider looking to open a new bank with fee free banking.

How does dispute resolution when trading with SEPA?

If a dispute arises, the mediator may request the buyer to submit information proving they made the payment of the correct amount to the BTC Seller within the specified time frame.

The mediator may also ask the seller to provide information verifying their account details are accurate. In cases where the BTC Buyer makes a payment late or of the wrong amount, the seller should be prepared to provide this information as well.

For more information see dispute resolution.