Interac-e-Transfer

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:

• Interac e-Transfer Wikipedia Page
• Interac consumer webpage
• Interac e-Transfer FAQs
• Interac e-Transfer YoutTube explainer video

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?

0.125 BTC.

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

Yes, Interac e-Transfer accounts 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. Enquire with your bank to see if Interac e-Transfer is supported.

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 Interac e-Transfer
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: Interac e-Transfer - CAD - Jean Dupont)
7. Click save new account

Make sure all the details are correct when you add.

Make sure to include both your 'Secret question' and 'Secret answer' when setting up your account as Bisq does not support Interac e-Transfer Autodeposit.

Interac e-Transfer on Bisq does not support Autodeposit as a payment method. Buyers and sellers need to include their Interac e-Transfer 'Secret question' and 'Secret answer'. If you are doing an Interac e-Transfer trade with a user that has not provided a 'Secret question' and 'Secret answer' please open up a mediation ticket by pressing 'Ctrl' and 'O' while the trade is selected and a mediator will assist you.

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 CAD market.
2. Take an offer to buy BTC on the CAD market.

When the offer is confirmed Bisq will provide you with the BTC Sellers Interac e-Transfer 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.

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 Interac e-Transfer account?

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

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

When the offer is confirmed Bisq will provide with the BTC Buyer with your Interac e-Transfer 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.

BTC Sellers should expect to receive payment from the phone number / email / 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?

Limits are set by your bank. Check with your bank what the limits allowed are.

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.