Difference between revisions of "TransferWise"
| Line 36: | Line 36: | ||
Click 'Add your bank account' and enter your bank account details (these can be your own bank details, or they can be the TransferWise local bank account details you have created). | Click 'Add your bank account' and enter your bank account details (these can be your own bank details, or they can be the TransferWise local bank account details you have created). | ||
| − | Once added click the down arrow next to the account and select 'make primary'. This means when someone pays you via TransferWise to TransferWise it will go into your primary bank account. | + | Once added click the down arrow next to the account and select '[https://transferwise.com/help/articles/2932129/nominating-a-primary-account make primary]'. This means when someone pays you via TransferWise to TransferWise it will go into your primary bank account. |
NB: You need to have a primary bank account set up for each currency you wish to receive funds to on TransferWise. If you do not have a payment account set up the trader might not be able to send payment to you. If they are able payment will appear in your TransferWise balance for this currency. | NB: You need to have a primary bank account set up for each currency you wish to receive funds to on TransferWise. If you do not have a payment account set up the trader might not be able to send payment to you. If they are able payment will appear in your TransferWise balance for this currency. | ||
Revision as of 21:22, 27 November 2020
TransferWise to TransferWise payments were added to Bisq in v1.5.0.
TransferWise is a web and app based online money transfer service the supports multiple currencies. TransferWise to TransferWise payments allow users to send payment from any supported currency to any other supported currency. Payments utlize the TransferWise multi-currency account. This is available for users in most countries.
Contents
Setting up a TransferWise Account
Setting up an account. Go to TransferWise and register for an account. KYC will be required.
Setting up a TransferWise Account in Bisq
Go to the Account section > National Currency Accounts in Bisq and select the 'Add New Account'.
Enter your email address that is registered to TransferWise and the currencies you would like to be able to make/take offers with.
Sellers - Getting your account ready for trading on Bisq
You can set up your account on the App or on the web site. Screen shots are from the website.
On the left click 'open a balance'. Choose the currency you would like to trade in and select Confirm. You can add as many currencies as you wish.
The following currencies all come with local bank details as part of your TransferWise account (may differ depending on locations):
- AUD
- EUR
- GBP
- NZD
- RON
- SGD
- USD
If you are selling Bitcoin on Bisq these accounts are useful as they allow you to trade with those currencies as they give you a recipient bank account that can be used to receive funds from the Buyer of Bitcoin
Click on recipients. This is where you set up where you want the money paid to.
Click 'Add your bank account' and enter your bank account details (these can be your own bank details, or they can be the TransferWise local bank account details you have created).
Once added click the down arrow next to the account and select 'make primary'. This means when someone pays you via TransferWise to TransferWise it will go into your primary bank account.
NB: You need to have a primary bank account set up for each currency you wish to receive funds to on TransferWise. If you do not have a payment account set up the trader might not be able to send payment to you. If they are able payment will appear in your TransferWise balance for this currency.
Buyer's- Making payments using TransferWise to TransferWise
Bisq trade protocol for TransferWise means that the only information you have about the buyer is their email address.
TransferWise have a useful guide about this on their help section: Can I send money to someone with only their email address?
To set up a transfer to an email address, follow these steps:
- Start a transfer by clicking the Send money button
- At the recipient step, choose Someone else or Business or charity
- Untick the box next to I know their bank details
- Enter your recipient’s email and full name
- Pay for the transfer as usual
You can then choose how you would like to pay. You can ever pay by credit or debit card!
