[bisq-network/bisq] Add SWIFT (int. wire transfer) as payment method (#1789)

pazza notifications at github.com
Thu Nov 12 22:51:18 CET 2020


Thanks for your comments @chimp1984 

> @pazza83 If we require account signing it will be very hard to bootstrap because:
>The Min. amount of 0.01 BTC is too low in relation to the fee (for me its usually about 80-100 USD).

Bank fees of $100 are going to be restrictive even at 0.25 BTC limits. Is this how much you would pay to receive a SWIFT transfer from a user from a country you could select where the SWIFT fees where shared?  This option would be available when you were choosing which offer to take to sign your account.

I would say anyone with bank fees of ~$100 would be looking for alternatives to SWIFT.  Most fees are much lower than that from what I have seen average $20-30 in US and less than 20€ in Europe.  Whilst expensive for a first trade I think it is a small amount to become signed to access larger amounts. This in turn reduces risk of 'Stop and Recall' being utilized.

> Do you know how long the "Stop and recall" can be applied? We could add an extra delay at receipt confirmation so the chargeback risk gets lower.
The 'Stop' can be applied at any point along the transfer and is executed immediately
The 'Recall' can be applied once funds have been deposited. It can only be execrated on agreement with the receivers bank. I would suggest an additional 2 days for the receiver to transfer funds out is sufficient. 

The 7 day proposed trade period is made up of:
3 working days for transfer +2 for trades at weekends + 2 for funds to be received and transferred onwards



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