[bisq-network/payment-methods] Create concept how we can support TransferWise as payment method (#2)

Yuval Kogman notifications at github.com
Thu May 17 23:01:01 UTC 2018


I can't tell if it's for all transfer methods, but trasnferwise does have an optional reference field with `maxlength="16"` which is fairly clearly laid out, which could be used to identify:

![image](https://user-images.githubusercontent.com/14242/40206653-efd76e62-5a28-11e8-9520-a6905c5460fb.png) 

This seems like the same authentication model that cash app payment method provides (based on the USD demo video), and like a normal bank account when receiving (for the main currencies you just have your own bank details)

The simplest thing I can think of resolving the original issue is to have a send only transferwise payment account with dummy details and a receive only account with the details they provide, as just regular bank transfer account (they support USD, AUD, EUR and GBP).

What is the reasoning behind knowing the sending account's details? is that to limit the possibility of chargebacks? If so, I think that there's an unavoidable composition problem, i.e. any normal bank account can receive money from either known bank accounts, or these virtual ones interchangeable ones, and transferwise is a specific instance of the virtual kind. If that carries additional counterparty risk, a seller of bitcoin with e.g. a local bank account account would need to indicate acceptable classes of sending accounts. This seems like a nightmare of a change though, adding a degree of polymorphism between the different kinds of bank accounts.

Interestingly, it can also leave the recipient account details unspecified, taking an email address instead, which has some potentially positive implications for privacy. As far as I can tell you can pay with a whole bunch of methods too, so this looks pretty flexible.

This suggests another alternative, which is multiple distinct subtypes of transferwise accounts, e.g. one like cash app, one like a receive only bank transfer account, and another kind of bank transfer account that does not care about the counterparty's details (so e.g. replicating SEPA, faster payments, and all the various types into a sender particular and sender agnostic variant).

TBH all of these ideas seem kind of clunky to me, but I spent some time poking through their website and I wanted to document the details even though I don't think I've offered any constructive suggestions.

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