Difference between revisions of "Interac-e-Transfer"

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(Created page with "'''Monese''' is a payment method added in Bisq v1.7.5. Monese is a popular neo bank app for users of GBP, EUR and RON. As well as the usual bank facilities Monese allows use...")
 
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'''Monese''' is a payment method added in Bisq v1.7.5.  
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'''Interac e-Transfer''' is a payment method added used in Bisq for buying and selling BTC for Canadian Dollars (CAD).  
  
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Monese is a popular neo bank app for users of GBP, EUR and RON. As well as the usual bank facilities Monese allows users to send money to other Monese accounts instantly and for free in any supported currency.
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Interac e-Transfer is popular way for Bisw Canadian users to send and receive payment to each other.
  
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Monese has a good use case in that it is instant, free, multi currency and has some better use cases than SEPA (current most popular EUR payment method). Also provides a [[Revolut]] alternative to users in UK and Europe.
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Transfers are almost instant, but can take up to 30 minutes depending on your bank or credit union.
  
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== Where can I find out more about Monese ? ==
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== Where can I find out more about Interac e-Transfer? ==
  
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Here is a list of Monese cresources:
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Here is a list of Interac e-Transfer resources:
  
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* [https://monese.com/ Monese website]
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* [https://en.wikipedia.org/wiki/Interac_e-Transfer Interac e-Transfer Wikipedia Page]
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* [https://monese.com/gb/en/fees-and-limits/fee-and-limits-information Monese fees and limits]
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* [https://www.interac.ca/en/consumers/products/interac-e-transfer/ Interac consumer webpage]
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* [https://monese.com/gb/en/terms Monese T&Cs]
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* [https://www.interac.ca/en/consumers/support/faq-consumers/ Interac e-Transfer FAQs]
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* [https://www.youtube.com/watch?v=6mloqND0ut0/ Interac e-Transfer YoutTube explainer video]
  
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== What countries are available for Monese? ==
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== What countries are available for Interac e-Transfer? ==
  
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Monese is available in the following countries; Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Norway, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the United Kingdom.
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Interac e-Transfer is available to users in Canada.
  
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Monese is available anyone who's at least 18 years old and is a resident of the above countries, regardless of their citizenship or financial history.
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== What currencies are available for Interac e-Transfer? ==
  
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== What currencies are available for Monese? ==
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Interac e-Transfer allows peer to peer payments of:
  
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Monese allows peer to peer payments of:
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* Canadian Dollars (CAD)
  
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* British pounds (GBP)
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== What is the maximum trading duration for Interac e-Transfer? ==
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* Euro (EUR)
 
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* Romanian lei (RON)
 
  
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== What is the maximum trading duration for Monese? ==
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The maximum trade time is 1 day. Generally Interac e-Transfer will be completed within 30 minutes.
  
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The maximum trade time is 1 day. Generally Monese transfers will be completed instantly.
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== What is the maximum BTC limit for an Interac e-Transfer trade? ==
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== What is the maximum BTC limit for an Monese trade? ==
 
  
 
0.25 BTC.
 
0.25 BTC.
  
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== Is Monese a payment method that can be signed? ==
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== Is Interac e-Transfer a payment method that can be signed? ==
  
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No, Monese accounts do not require signing.
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Yes, Interac e-Transfer accounts do not require [[Account_limits|signing]] to lift limits to above 0.01 BTC.  
  
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== How do I set up a Monese account? ==
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== How do I set up a Interac e-Transfer account? ==
  
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To set up a Monese account you will need to be a resident of any of the following countries; Austria, Belgium, Bulgaria, Croatia, Republic of Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Norway, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden and the United Kingdom.
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To set up a Interac e-Transfer account you will need to be a resident of Canada and have a participating bank or credit union account.
  
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To get a Monese account set up vist the [https://monese.com/ Monese website] to set up an account.
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To get a Interac e-Transfer account set up vist the [https://monese.com/ Monese website] to set up an account.
  
 
*To open a RON account, you need to either live in Romania or have Romanian citizenship, holding a valid CNP (Romanian Personal Numeric Code). You’ll need one or more of these documents during account opening: Romanian national identity card, Romanian passport, Romanian driving license or a residence permit.
 
*To open a RON account, you need to either live in Romania or have Romanian citizenship, holding a valid CNP (Romanian Personal Numeric Code). You’ll need one or more of these documents during account opening: Romanian national identity card, Romanian passport, Romanian driving license or a residence permit.
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Depending which country you live in, you may also be able to open an account in more than one currency. For example, you could have both a GBP and a EUR account.
 
Depending which country you live in, you may also be able to open an account in more than one currency. For example, you could have both a GBP and a EUR account.
  
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== How do I add Monese as a payment method in Bisq? ==
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== How do I add Interac e-Transfer as a payment method in Bisq? ==
  
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It is easy to add your Monese account to Bisq.
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It is easy to add your Interac e-Transfer account to Bisq.
  
 
# Go to the top menu in Bisq and select Account.  
 
# Go to the top menu in Bisq and select Account.  
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When setting up your Monese account in Bisq please make sure to include your name and phone number that matches your Monese account. This will ensure that when you send funds they show from the correct account and when you receive funds they will be credited to your account.}}
 
When setting up your Monese account in Bisq please make sure to include your name and phone number that matches your Monese account. This will ensure that when you send funds they show from the correct account and when you receive funds they will be credited to your account.}}
  
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== How do I buy BTC with my Monese account? ==
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== How do I buy BTC with my Interac e-Transfer account? ==
  
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You can buy BTC with Monese on Bisq in 2 waysː
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You can buy BTC with Interac e-Transfer on Bisq in 2 waysː
  
 
# Make an offer to buy BTC on the EUR, GBP or RON market.
 
# Make an offer to buy BTC on the EUR, GBP or RON market.
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{{Admonition_Warn|BTC Sellers should expect to receive payment from the phone number / name shown in the BTC Buyer's Bisq account.}}
 
{{Admonition_Warn|BTC Sellers should expect to receive payment from the phone number / name shown in the BTC Buyer's Bisq account.}}
  
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== Are there any limits for me to be aware of when using my Monese account? ==
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== Are there any limits for me to be aware of when using my Interac e-Transfer account? ==
  
 
For more info see specific country page on Monese website about limit for example (UK): https://monese.com/gb/en/fees-and-limits/fee-and-limits-information
 
For more info see specific country page on Monese website about limit for example (UK): https://monese.com/gb/en/fees-and-limits/fee-and-limits-information
  
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== Are there any fees for me to be aware of when using my Monese account? ==
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== Are there any fees for me to be aware of when using my Interac e-Transfer account? ==
  
 
It is free to send and receive payments.
 
It is free to send and receive payments.
  
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== How does dispute resolution when trading with Monese? ==
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== How does dispute resolution when trading with Interac e-Transfer? ==
  
 
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 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.  

Revision as of 21:42, 3 December 2022

Interac e-Transfer is a payment method added used in Bisq for buying and selling BTC for Canadian Dollars (CAD).

Interac e-Transfer is popular way for Bisw Canadian users to send and receive payment to each other.

Transfers are almost instant, but can take up to 30 minutes depending on your bank or credit union.

Where can I find out more about Interac e-Transfer?

Here is a list of Interac e-Transfer resources:

What countries are available for Interac e-Transfer?

Interac e-Transfer is available to users in Canada.

What currencies are available for Interac e-Transfer?

Interac e-Transfer allows peer to peer payments of:

  • Canadian Dollars (CAD)

What is the maximum trading duration for Interac e-Transfer?

The maximum trade time is 1 day. Generally Interac e-Transfer will be completed within 30 minutes.

What is the maximum BTC limit for an Interac e-Transfer trade?

0.25 BTC.

Is Interac e-Transfer a payment method that can be signed?

Yes, Interac e-Transfer accounts do not require signing to lift limits to above 0.01 BTC.

How do I set up a Interac e-Transfer account?

To set up a Interac e-Transfer account you will need to be a resident of Canada and have a participating bank or credit union account.

To get a Interac e-Transfer account set up vist the Monese website to set up an account.

  • To open a RON account, you need to either live in Romania or have Romanian citizenship, holding a valid CNP (Romanian Personal Numeric Code). You’ll need one or more of these documents during account opening: Romanian national identity card, Romanian passport, Romanian driving license or a residence permit.

Depending which country you live in, you may also be able to open an account in more than one currency. For example, you could have both a GBP and a EUR account.

How do I add Interac e-Transfer as a payment method in Bisq?

It is easy to add your Interac e-Transfer 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 Monese
  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: Monese - EUR - Jean Dupont)
  7. Click save new account

Make sure all the details are correct when you add.

Monese payments are done by linking accounts to phone numbers. If you add the person to your phone contacts you will be able to send payment to them if they have registered the number with their Monese account

  • Full name of user
  • Phone Number including international code
Warn
 Monese is a bank app for users of GBP, EUR and RON*. Monese allows users to send money to other Monese accounts instantly and for free in any supported currency.
  • To open a RON account in Monese, you need to either live in Romania or have Romanian citizenship.

When setting up your Monese account in Bisq please make sure to include your name and phone number that matches your Monese account. This will ensure that when you send funds they show from the correct account and when you receive funds they will be credited to your account.

How do I buy BTC with my Interac e-Transfer account?

You can buy BTC with Interac e-Transfer on Bisq in 2 waysː

  1. Make an offer to buy BTC on the EUR, GBP or RON market.
  2. Take an offer to buy BTC on the EUR, GBP or RON market.

When the offer is confirmed Bisq will provide you with the BTC Sellers Monese 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.

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

How do I sell BTC with my Monese account?

You can sell BTC with Monese on Bisq in 2 waysː

  1. Make an offer to sell BTC on the EUR, GBP or RON market.
  2. Take an offer to sell BTC on the EUR, GBP or RON market.

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

Warn
 BTC Sellers should expect to receive payment from the phone number / name shown in the BTC Buyer's Bisq account.

Are there any limits for me to be aware of when using my Interac e-Transfer account?

For more info see specific country page on Monese website about limit for example (UK): https://monese.com/gb/en/fees-and-limits/fee-and-limits-information

Are there any fees for me to be aware of when using my Interac e-Transfer account?

It is free to send and receive payments.

How does dispute resolution when trading with Interac e-Transfer?

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.

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