Faster Payments - Revision history

Strayorigin: replaced the max btc limit value with macro {{MaxTradeSizeBisq1}}

2025-02-12T02:17:43Z

replaced the max btc limit value with macro {{MaxTradeSizeBisq1}}

Strayorigin: changed max trade amount per approved proposal #467

2025-01-26T19:47:52Z

changed max trade amount per approved proposal #467

Strayorigin at 17:10, 8 January 2025

2025-01-08T17:10:29Z

Strayorigin: corrected grammar, reworded some sections for clarity, changed name from 'systems' to service as this is correct branding and avoids confusion with faster payments systems, a hong kong service

2025-01-04T05:25:14Z

corrected grammar, reworded some sections for clarity, changed name from 'systems' to service as this is correct branding and avoids confusion with faster payments systems, a hong kong service

Strayorigin: Undo revision 3824 by Strayorigin (talk)

2025-01-04T05:23:24Z

Undo revision 3824 by Strayorigin (talk)

Strayorigin: changed "systems" to "service" as this is correct branding. systems refers to a hong kong system that is similar

2025-01-04T05:18:55Z

changed "systems" to "service" as this is correct branding. systems refers to a hong kong system that is similar

Strayorigin: fixed grammar and reworded for clarity and format. changed max btc amount

2025-01-04T05:14:55Z

fixed grammar and reworded for clarity and format. changed max btc amount

Pazza at 03:06, 29 October 2024

2024-10-29T03:06:53Z

Pazza at 03:00, 29 October 2024

2024-10-29T03:00:34Z

Pazza: /* What is the maximum BTC limit for an Faster Payments trade? */

2024-06-16T18:38:14Z

What is the maximum BTC limit for an Faster Payments trade?

@@ Line 25: / Line 25: @@
 == What is the maximum limit for BTC in a Faster Payments trade? ==
-.0625 BTC.
+{{MaxTradeSizeBisq1}}.
 == Is Faster Payments a payment method that can be signed? ==

@@ Line 25: / Line 25: @@
 == What is the maximum limit for BTC in a Faster Payments trade? ==
-.1252 BTC.
+.0625 BTC.
 == Is Faster Payments a payment method that can be signed? ==

@@ Line 25: / Line 25: @@
 == What is the maximum limit for BTC in a Faster Payments trade? ==
-.10 BTC.
+.1252 BTC.
 == Is Faster Payments a payment method that can be signed? ==

← Older revision		Revision as of 05:25, 4 January 2025
Line 1:		Line 1:
−	'''Faster Payments ~~System~~ (UK)''' is a payment method available in Bisq for buying and selling BTC with British Pounds (GBP). Faster Payments is the most common way people in the UK send and receive payments from each other via their banks. Faster Payments are usually instant, but they can take up to 24 hours to complete depending on the sender's or receiver's bank.	+	'''Faster Payments Service (FPS)''' is a payment method available in Bisq for buying and selling BTC with British Pounds (GBP). Faster Payments is the most common way people in the UK send and receive payments from each other via their banks. Faster Payments are usually instant, but they can take up to 24 hours to complete depending on the sender's or receiver's bank.

	== Where can I find out more about Faster Payments? ==		== Where can I find out more about Faster Payments? ==

← Older revision		Revision as of 05:23, 4 January 2025
Line 1:		Line 1:
−	'''Faster Payments ~~Service~~ (~~FPS~~)''' is a payment method available in Bisq for buying and selling BTC with British Pounds (GBP). Faster Payments is the most common way people in the UK send and receive payments from each other via their banks. Faster Payments are usually instant, but they can take up to 24 hours to complete depending on the sender's or receiver's bank.	+	'''Faster Payments System (UK)''' is a payment method available in Bisq for buying and selling BTC with British Pounds (GBP). Faster Payments is the most common way people in the UK send and receive payments from each other via their banks. Faster Payments are usually instant, but they can take up to 24 hours to complete depending on the sender's or receiver's bank.

	== Where can I find out more about Faster Payments? ==		== Where can I find out more about Faster Payments? ==

← Older revision		Revision as of 05:18, 4 January 2025
Line 1:		Line 1:
−	'''Faster Payments ~~System~~ (UK)''' is a payment method available in Bisq for buying and selling BTC with British Pounds (GBP). Faster Payments is the most common way people in the UK send and receive payments from each other via their banks. Faster Payments are usually instant, but they can take up to 24 hours to complete depending on the sender's or receiver's bank.	+	'''Faster Payments Service (FPS)''' is a payment method available in Bisq for buying and selling BTC with British Pounds (GBP). Faster Payments is the most common way people in the UK send and receive payments from each other via their banks. Faster Payments are usually instant, but they can take up to 24 hours to complete depending on the sender's or receiver's bank.

	== Where can I find out more about Faster Payments? ==		== Where can I find out more about Faster Payments? ==

@@ Line 1: / Line 1: @@
-'''Faster Payments System (UK)''' is a payment method added used in Bisq for buying and selling BTC for British Pounds (GBP).
+'''Faster Payments System (UK)''' is a payment method available in Bisq for buying and selling BTC with British Pounds (GBP). Faster Payments is the most common way people in the UK send and receive payments from each other via their banks. Faster Payments are usually instant, but they can take up to 24 hours to complete depending on the sender's or receiver's bank.
 == Where can I find out more about Faster Payments? ==
@@ Line 13: / Line 9: @@
 * [https://www.sortcodes.co.uk/ Sort Code Checker]
-== What countries are available for Faster Payments? ==
+== Which countries are available for Faster Payments? ==
 Faster Payments is available to users with a UK Bank or payment provider account.
@@ Line 19: / Line 15: @@
 == What currencies are available for Faster Payments? ==
-Faster Payments allows peer to peer payments of:
+Faster Payments enables peer-to-peer payments of:
-* British Pounds (GBP)
+British Pounds (GBP)
-== What is the maximum trading duration for Faster Payments? ==
+== What is the maximum duration for a Faster Payment trade? ==
-The maximum trade time is 1 day. Generally Faster Payments will be completed within 5 minutes.
+The maximum trade time is 1 day. Generally, Faster Payments will be completed within 5 minutes.
-== What is the maximum BTC limit for an Faster Payments trade? ==
+== What is the maximum limit for BTC in a Faster Payments trade? ==
-.125 BTC.
+.10 BTC.
 == Is Faster Payments a payment method that can be signed? ==
 No, Faster Payments accounts do not require signing to lift limits.
 == How do I set up a Faster Payments account? ==
-Faster Payments are supported by all UK banks and some payment providers eg TransferWise.
+Faster Payments are supported by all UK banks and some payment providers (e.g., Wise).
-== How do I add Faster Payments account as a payment method in Bisq? ==
+== How do I add a Faster Payments account as a payment method in Bisq? ==
 It is easy to add your Faster Payments account to Bisq.
 # Go to the top menu in Bisq and select Account.
 # Then select National Currency Accounts.
-# Click add new account
+# Click Add New Account.
-# Select Faster Payments
+# Select Faster Payments.
-# Complete the details
+# Complete the details, ensuring all information is accurate.
-# 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: Faster Payments - GBP - John Smith)
+# Choose to use a Custom Account Name. This helps make it easier for you to manage multiple payment methods in Bisq. It will be visible only to you, for example: Faster Payments - GBP - John Smith.
-# Click save new account
+# 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 (e.g., John Smith, or J Smith), your Sort Code, and your Account Number.
-Make sure to include both your Name as shown by the bank when you send payment (eg John Smith, or J Smith), your sort code and account number.
+No changes needed if all the information is correct when you add the account.
-{{Admonition_Warn|Faster Payments on Bisq does not require you bank to match the Faster Payment 'name check' service. Most UK banks are opted in to the name check service but not all are. It is fine to send payment to the account shown in the Bisq contract even if their name does not show on the name check. However this does not mean BTC sellers can make up any name. BTC seller MUST ensure the details they enter match the name of their account shown in their bank.}}
+{{Admonition_Warn|Faster Payments on Bisq do not require your bank to match the Faster Payment 'name check' service. Most UK banks are opted into the name check service, but not all are. It is fine to send payment to the account shown in the Bisq contract, even if their name does not show on the name check. However, this does not mean BTC sellers can make up any name. BTC sellers must ensure the details they enter match the name of their account shown in their bank.}}
-== How do I buy BTC with my Faster Payments account? ==
+== How do I purchase BTC using my Faster Payments account? ==
-You can buy BTC with Faster Payments on Bisq in 2 waysː
+You can buy BTC with Faster Payments on Bisq in two ways:
 # Make an offer to buy BTC on the GBP market.
 # Take an offer to buy BTC on the GBP market.
-When the offer is confirmed Bisq will provide you with the BTC Sellers Faster Payments details for you to complete the payment. You should send payment immediately and confirm you have done so in Bisq by clicking 'payment started'.
+When the offer is confirmed, Bisq will provide you with the BTC seller's Faster Payments details for you to complete the payment. Please 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.
+If you have the option to include a payment reference, please leave it blank. If your bank requires one, 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.
+Once the BTC seller receives your payment, they will confirm in Bisq. At that point, your security deposit and the amount you purchased will be available in your wallet.
-{{Admonition_Warn|Please send payment only to the details provided by the BTC Seller in their Bisq account. Please leave the payment description blank.}}
+{{Admonition_Warn|Please, send your 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 Faster Payments account? ==
+== How do I sell BTC using my Faster Payments account? ==
-You can sell BTC with Faster Payments on Bisq in 2 waysː
+You can sell BTC with Faster Payments on Bisq in two ways:
 # Make an offer to sell BTC on the GBP market.
 # Take an offer to sell BTC on the GBP market.
-When the offer is confirmed Bisq will provide with the BTC Buyer with your Faster Payments details for you to complete the payment. They should send payment at their first opportunity and confirm they have done so in Bisq by clicking 'payment started'.
+When the offer is confirmed, Bisq will provide the BTC Buyer with your Faster Payments details so you can complete the payment. The buyer should send payment at their earliest convenience and confirm they have done so in Bisq by clicking 'payment started'.
-Once you receive payment from the BTC Buyer you should confirm payment has been received in Bisq. One you have done this the BTC Buyer will receive their funds and you will receive your security deposit back.
+Once you receive payment from the BTC Buyer, you should confirm payment has been received in Bisq. Upon doing this, the BTC Buyer will receive their funds and you will receive your security deposit back.
-{{Admonition_Warn|BTC Sellers should expect to receive payment from the name shown in the BTC Buyer's Bisq account. Not all banks will show the sort code and account number the payment came from but the name must match.}}
+{{Admonition_Warn|BTC Sellers should expect to receive payment from the name shown in the BTC Buyer's Bisq account. Not all banks will show the sort code and account number the payment came from, but the name must match.}}
 == Are there any limits for me to be aware of when using my Faster Payments account? ==
@@ Line 89: / Line 85: @@
 Limits are set by your bank. Check with your bank what the limits allowed are. Most limits will be at least £20,000 per day. There is no minimum limit.
-== Are there any fees for me to be aware of when using my Faster Payments account? ==
+== Are there any fees I should be aware of when using my Faster Payments account? ==
 It is free to send and receive payments.
-== How does dispute resolution when trading with Faster Payments? ==
+== How does dispute resolution work with Faster Payments? ==
-If a dispute occurs the mediator may ask the buyer to send them information showing that they made the payment of the correct amount to the BTC Seller within the correct time frame.
+If a dispute arises, the mediator may ask the buyer to provide information proving they made a payment of the correct amount to the BTC Seller within the correct time frame.
-The mediator may ask the seller to send them information to prove their account details are correct, or in the case of the BTC Buyer making a payment late, or of the wrong amount.
+Similarly, the mediator may request the seller to furnish evidence verifying their account details are accurate, or in the case of the BTC Buyer making a payment late, or of the incorrect amount.
-For more information see [[dispute resolution]].
+For further details, please refer to [[dispute resolution]].

← Older revision		Revision as of 03:06, 29 October 2024
Line 1:		Line 1:
−	'''Faster ~~Payment~~ System (UK)''' is a payment method added used in Bisq for buying and selling BTC for British Pounds (GBP).	+	'''Faster Payments System (UK)''' is a payment method added used in Bisq for buying and selling BTC for British Pounds (GBP).

	Faster Payments is the most common way people in the UK send and receive payment to each other via their banks.		Faster Payments is the most common way people in the UK send and receive payment to each other via their banks.

← Older revision		Revision as of 03:00, 29 October 2024
Line 1:		Line 1:
−	'''Faster ~~Payments~~''' is a payment method added used in Bisq for buying and selling BTC for British Pounds (GBP).	+	'''Faster Payment System (UK)''' is a payment method added used in Bisq for buying and selling BTC for British Pounds (GBP).

	Faster Payments is the most common way people in the UK send and receive payment to each other via their banks.		Faster Payments is the most common way people in the UK send and receive payment to each other via their banks.