[bisq-network/bisq] What new payment methods would you like added to Bisq? (#4757)

pazza notifications at github.com
Fri Nov 6 13:52:33 CET 2020


### Description

I have recently taken on the role of researching new payment methods that can be added to Bisq and am looking to get ideas from Bisq users about what payment method they would like added.

If you would like to buy or sell using a particular payment method that is not available on Bisq please let me know.

### What payment methods can be added?

To secure the trade protocol for all users it is vital that Bisq only uses payment methods with no or a very low risk of chargeback. Payments methods that make chargebacks easy to initiate for users eg PayPal are not suitable for Bisq.

Low chargeback risks are deemed as payment methods which are difficult for buyers to reverse. For example they would need to report their account as compromised / hacked for a chargeback to even be considered. For low chargeback payment methods Bisq uses a 'account signing' to mitigate risks to traders.

The trade protocol also requires the BTC buyer to state the Bisq Trade ID in the payment reference / description for the seller. This means payment methods need a reference / description for the seller.  

Payment methods that provide quick transactions are also preferable as they add to user experience, and also reduce the potential for either party pulling out of the trade. Currently Bisq has payment methods with transaction times between 1 hour and 6 days.  

Bisq is strongly No KYC. Any payment methods that require traders to request additional information from their trade counterparty (address info, passport, Selfies!! etc would not be suitable on Bisq)

The above are just based on my opinion of using Bisq so please feel free to let me know if you disagree with any of the above.

### What type of payment methods are preferred?

Ideally new payment methods added to Bisq would:

Increase liquidity in existing markets
Open up new markets
Attract new traders of that particular payment method to Bisq

It would also be good to know if anyone has ideas for any multi-currency payment methods that would allow users to trade with more than one currency such as Revolut, Uphold etc

Please feel free to suggest any ideas you think would be popular on Bisq


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