Difference between revisions of "Payment methods"

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Bisq offers several '''payment methods''' to buy and sell bitcoin for fiat currencies or other cryptocurrencies.
  
Bisq offers several payment methods to buy and sell bitcoin. You may refer to chart below for details.
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Every offer on Bisq designates a payment method for traders to settle payments. The Bisq software does not actually integrate with any payment methods—'''all non-bitcoin fund transfers are made outside of Bisq software'''.
  
Every offer on Bisq designates a payment method for traders to settle payments. The Bisq software does not actually integrate with any payment methods—all non-bitcoin fund transfers are made outside of the Bisq software.
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Unlike cryptocurrency transfers, many fiat payment transfers are riddled with flaws and limitations that require Bisq to employ special measures to encourage fair and honest trades. One of these measures is lower per-trade limits, which are covered below. Another key measure is [[Account_limits#Account_signing|account signing]].
  
But unlike cryptocurrencies, fiat payment methods are riddled with flaws and limitations that require Bisq to employ several measures to encourage traders to carry out their parts of the deal quickly and honestly.
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__TOC__
  
Among these measures are:
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== Fiat payment methods == <!--T:8-->
 
 
'''(1)''' Limits that correspond to payment account risk profiles
 
 
 
'''(2)''' An account-signing mechanism to cultivate a network of trusted payment accounts.
 
 
 
== Supported fiat payment methods ==
 
  
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The payment methods vary in chargeback risk, regional availability, transaction size, fees, privacy, verifiability, and other characteristics.
 
The payment methods vary in chargeback risk, regional availability, transaction size, fees, privacy, verifiability, and other characteristics.
 
The top consideration for maintaining payment methods is chargeback risk. PayPal, Venmo, and Cash App are not supported on Bisq because chargebacks for payments made with those services are relatively easy.
 
The top consideration for maintaining payment methods is chargeback risk. PayPal, Venmo, and Cash App are not supported on Bisq because chargebacks for payments made with those services are relatively easy.
  
We welcome suggestions for new payment methods on Bisq, especially for those that enable new markets. Documentation on the criteria and process for adding new payment methods is [[https://github.com/bisq-network/bisq-docs/issues/172 forthcoming]]. For now, feel free to make suggestions by reaching out on [[https://keybase.io/team/bisq Keybase]].
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We welcome suggestions for new payment methods on Bisq, especially for those that enable new markets. Documentation on the criteria and process for adding new payment methods is [https://github.com/bisq-network/bisq-docs/issues/172 forthcoming]. For now, feel free to make suggestions by reaching out on [https://keybase.io/team/bisq Keybase].
  
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Below is a list of fiat payment methods Bisq currently supports.
 
Below is a list of fiat payment methods Bisq currently supports.
  
''Note: The maximum trade sizes listed below are not available for most newly-created payment accounts. Please see the [[https://bisq.wiki/Account_signing Account signing page]] for details on how to enable larger trade sizes for your payment accounts. ''
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''Note: The maximum trade sizes listed below are not available for most newly-created payment accounts. Please refer to [https://bisq.wiki/Account_signing Account signing] for details on how to enable larger trade sizes for your payment accounts. ''
  
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{| class="wikitable sortable"
 
{| class="wikitable sortable"
 
|-
 
|-
 
! Payment Method !! Region !! Trading Period !! Per-Trade Limit !! Notes
 
! Payment Method !! Region !! Trading Period !! Per-Trade Limit !! Notes
 
|-
 
|-
| Advanced Cash* || Global || 1 day || 2.00 BTC || Not available in the USA
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| Advanced Cash* || Global || 1 day || 2.00 BTC || Not available in the USA.
 
|-
 
|-
 
| Alipay* || China || 1 day || 1.00 BTC ||  
 
| Alipay* || China || 1 day || 1.00 BTC ||  
 
|-
 
|-
| Cash Deposit* || N/A || 4 days || 0.25 BTC || Some banks don't accept cash deposits from non-customers
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| [[Amazon_eGift_card|Amazon eGift Card*]] || Multiple || 1 day || 0.25 BTC || Supported in USD, EUR, CAD, and a [[Amazon_eGift_card|handful of other markets]].
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|-
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| Australian PayID* || Australia || 1 day || 1.00 BTC ||
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|-
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| [[Cash by Mail]]* || N/A || 6 days || 0.25 BTC || Some banks don't accept cash deposits from non-customers.
 
|-
 
|-
| Chase QuickPay || USA || 1 day || 0.25 BTC ||  
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| Cash Deposit* || N/A || 4 days || 0.25 BTC || Ensure to follow Cash by Mail trade rules.
 
|-
 
|-
| Face-to-Face (F2F)* || Global || 4 days  || 1.00 BTC ||  
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| Chase QuickPay || USA || 1 day || 0.25 BTC || Now integrated with Zelle.
 
|-
 
|-
| Faster Payments* || UK || 1 day || 0.25 BTC ||  
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| [[Face-to-face_(payment_method)|Face-to-Face (F2F)]]* || Global || 4 days  || 1.00 BTC || [[Face-to-face_(payment_method)|See article]] for special guidance on F2F transactions.
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|-
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| [[Faster Payments]]* || UK || 1 day || 0.25 BTC || [[Faster_Payments|See article]] for recent changes to avoid issues.
 
|-
 
|-
 
| HalCash* || Spain || 1 day || 1.00 BTC ||  
 
| HalCash* || Spain || 1 day || 1.00 BTC ||  
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| MoneyBeam (N26) || Europe || 1 day || 0.25 BTC ||  
 
| MoneyBeam (N26) || Europe || 1 day || 0.25 BTC ||  
 
|-
 
|-
| MoneyGram* || Global || 4 days  || 0.50 BTC ||  
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| MoneyGram* || Global || 4 days  || 0.50 BTC ||
 
|-
 
|-
 
| National Bank Transfer || N/A || 4 days  || 0.25 BTC ||  
 
| National Bank Transfer || N/A || 4 days  || 0.25 BTC ||  
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| PromptPay* || Thailand || 1 day || 1.00 BTC ||  
 
| PromptPay* || Thailand || 1 day || 1.00 BTC ||  
 
|-
 
|-
| Revolut || Global || 1 day || 0.25 BTC ||  
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| [[Revolut]] || Global || 1 day || 0.25 BTC || [[Revolut|See article]] for recent changes to avoid issues.
 
|-
 
|-
 
| SEPA || Europe || 6 days || 0.25 BTC ||  
 
| SEPA || Europe || 6 days || 0.25 BTC ||  
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| Transfer from Specific Banks  || N/A || 4 days  || 0.25 BTC ||  
 
| Transfer from Specific Banks  || N/A || 4 days  || 0.25 BTC ||  
 
|-
 
|-
| US Postal Money Order* || USA || 8 days || 0.25 BTC || Maximum is $1,000 per money order within the USA
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| [[TransferWise]]* || Global || 4 days || 1.00 BTC ||
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|-
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| [[US Postal Money Order]]* || USA || 8 days || 0.25 BTC || Within USA, $1000 limit per transaction, up to $3000 per day without ID.
 
|-
 
|-
 
| Uphold || Global || 1 day || 0.25 BTC ||  
 
| Uphold || Global || 1 day || 0.25 BTC ||  
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| Western Union || Global || 4 days  || 0.50 BTC ||  
 
| Western Union || Global || 4 days  || 0.50 BTC ||  
 
|-
 
|-
| Zelle || USA || 4 days  || 0.25 BTC ||  
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| Zelle || USA || 4 days  || 0.25 BTC || See [https://www.zellepay.com/get-started this page] to see if/how your bank works with Zelle (including sending limits).
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|}
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<nowiki>*</nowiki> These payment methods '''do not''' need to be signed to lift the 0.01 BTC buying limit (see [[Account_limits#Account_signing|account signing]] for more details).
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=== Payment method guides === <!--T:15-->
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<div style="margin-top: 1.5em;">
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<li style="display: inline-block;"> [[File:Payment-methods-advice-eur.png|thumb|none|300px|EUR payment methods overview.]] </li>
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<li style="display: inline-block;"> [[File:Payment-methods-advice-usd.png|thumb|none|300px|USD payment methods overview.]] </li>
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</div>
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<div style="clear: both;"></div>
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== Altcoin payment methods == <!--T:18-->
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Bisq also supports a [https://bisq.network/markets/ variety] of cryptocurrencies for buying and selling bitcoin, like [[XMR]], [[ETH]], [[ZEC]], [[L-BTC]] or [[LTC]].
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Because altcoin transfers are irreversible and relatively quick, altcoin trades can be up to 2 BTC in size right away (no need to wait for account aging or account signing).
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{| class="wikitable"
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|-
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! Payment Method !! Trading Period !! Per-Trade Limit
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|-
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| [[Altcoins]] || 1 day || 2.00 BTC
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|-
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| [[Altcoins Instant]] || 1 hour || 2.00 BTC
 
|}
 
|}
  
* ''These payment methods do not need to be signed to attain buying limits higher than 0.01 BTC (see account signing for more details).''
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Altcoins Instant trades go by fast! Please remember to disable Instant offers in <code>Portfolio</code> > <code>My Open Offers</code> if you might not be around to settle an Instant trade.
  
== Altcoin payment methods ==
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See more details about creating altcoin accounts [[Creating_a_payment_account#Creating_an_altcoin_account | here]].
  
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[[Category:Features]]
 
[[Category:Features]]
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Revision as of 19:20, 28 April 2021

Other languages:
English • ‎español • ‎中文(中国大陆)‎

Bisq offers several payment methods to buy and sell bitcoin for fiat currencies or other cryptocurrencies.

Every offer on Bisq designates a payment method for traders to settle payments. The Bisq software does not actually integrate with any payment methods—all non-bitcoin fund transfers are made outside of Bisq software.

Unlike cryptocurrency transfers, many fiat payment transfers are riddled with flaws and limitations that require Bisq to employ special measures to encourage fair and honest trades. One of these measures is lower per-trade limits, which are covered below. Another key measure is account signing.

Fiat payment methods

The payment methods vary in chargeback risk, regional availability, transaction size, fees, privacy, verifiability, and other characteristics. The top consideration for maintaining payment methods is chargeback risk. PayPal, Venmo, and Cash App are not supported on Bisq because chargebacks for payments made with those services are relatively easy.

We welcome suggestions for new payment methods on Bisq, especially for those that enable new markets. Documentation on the criteria and process for adding new payment methods is forthcoming. For now, feel free to make suggestions by reaching out on Keybase.

Below is a list of fiat payment methods Bisq currently supports.

Note: The maximum trade sizes listed below are not available for most newly-created payment accounts. Please refer to Account signing for details on how to enable larger trade sizes for your payment accounts.

Payment Method Region Trading Period Per-Trade Limit Notes
Advanced Cash* Global 1 day 2.00 BTC Not available in the USA.
Alipay* China 1 day 1.00 BTC
Amazon eGift Card* Multiple 1 day 0.25 BTC Supported in USD, EUR, CAD, and a handful of other markets.
Australian PayID* Australia 1 day 1.00 BTC
Cash by Mail* N/A 6 days 0.25 BTC Some banks don't accept cash deposits from non-customers.
Cash Deposit* N/A 4 days 0.25 BTC Ensure to follow Cash by Mail trade rules.
Chase QuickPay USA 1 day 0.25 BTC Now integrated with Zelle.
Face-to-Face (F2F)* Global 4 days 1.00 BTC See article for special guidance on F2F transactions.
Faster Payments* UK 1 day 0.25 BTC See article for recent changes to avoid issues.
HalCash* Spain 1 day 1.00 BTC
Interac e-Transfer Canada 1 day 0.25 BTC
Japan Zengin Furikomi* Japan 1 day 1.00 BTC
MoneyBeam (N26) Europe 1 day 0.25 BTC
MoneyGram* Global 4 days 0.50 BTC
National Bank Transfer N/A 4 days 0.25 BTC
Perfect Money* Europe and USA 1 day 1.00 BTC
Popmoney USA 1 day 0.25 BTC
PromptPay* Thailand 1 day 1.00 BTC
Revolut Global 1 day 0.25 BTC See article for recent changes to avoid issues.
SEPA Europe 6 days 0.25 BTC
SEPA Instant Europe 1 day 0.25 BTC
Swish* Sweden 1 day 1.00 BTC
Transfer with Same Bank N/A 2 days 0.25 BTC
Transfer from Specific Banks N/A 4 days 0.25 BTC
TransferWise* Global 4 days 1.00 BTC
US Postal Money Order* USA 8 days 0.25 BTC Within USA, $1000 limit per transaction, up to $3000 per day without ID.
Uphold Global 1 day 0.25 BTC
WeChat Pay* China 1 day 1.00 BTC
Western Union Global 4 days 0.50 BTC
Zelle USA 4 days 0.25 BTC See this page to see if/how your bank works with Zelle (including sending limits).

* These payment methods do not need to be signed to lift the 0.01 BTC buying limit (see account signing for more details).

Payment method guides

  • EUR payment methods overview.
  • USD payment methods overview.
  • Altcoin payment methods

    Bisq also supports a variety of cryptocurrencies for buying and selling bitcoin, like XMR, ETH, ZEC, L-BTC or LTC.

    Because altcoin transfers are irreversible and relatively quick, altcoin trades can be up to 2 BTC in size right away (no need to wait for account aging or account signing).

    Payment Method Trading Period Per-Trade Limit
    Altcoins 1 day 2.00 BTC
    Altcoins Instant 1 hour 2.00 BTC

    Altcoins Instant trades go by fast! Please remember to disable Instant offers in Portfolio > My Open Offers if you might not be around to settle an Instant trade.

    See more details about creating altcoin accounts here.