UPI

UPI is a payment method added in Bisq v1.7.5.

Unified Payments Interface (UPI) is an instant real-time payment system developed by National Payments Corporation of India facilitating inter-bank transactions. This is an umbrella organization for operating retail payments and settlement systems in India.

Where can I find out more about UPI?

Here is a list of UPI resources:

• Unified Payments Interface Wiki
• UPI video explainer
• UPI limits

What countries are available for UPI?

UPI is available users in India.

What currencies are available for UPI?

UPI supports INR currency.

What is the maximum trading duration for UPI?

The maximum trade time is 1 day. Generally UPI transfers will be completed instantly.

What is the maximum BTC limit for an UPI trade?

0.25 BTC.

Is UPI a payment method that can be signed?

No, UPI accounts do not require signing.

How do I add UPI as a payment method in Bisq?

It is easy to add your UPI account to Bisq.

1. Go to the top menu in Bisq and select Account.
2. Then select National Currency Accounts.
3. Click add new account
4. Select UPI
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: UPI - INR - Aam Aadmi)
7. Click save new account

If you have more than one UPI account you wish to add to Bisq you can create different accounts for each.

Make sure all the details are correct when you add.

How do I buy BTC with my UPI account?

You can buy BTC with UPI on Bisq in 2 waysː

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

When the offer is confirmed Bisq will provide you with the BTC Sellers UPI details for you to complete the payment. You should send 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.

How do I sell BTC with my UPI account?

You can sell BTC with UPI on Bisq in 2 waysː

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

When the offer is confirmed Bisq will provide with the BTC Buyer with your UPI 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'.

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.

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

UPI fees are low. They are either free or no more then about 5 INR per transaction.

How does dispute resolution when trading with UPI ?

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.

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.

For more information see dispute resolution.