[bisq-network/growth] BOLETO as payment method for brazilian currency real (BRL) transactions (#199)

[smcama]

### Why

Boleto bancário (or simply "Boleto") is the most popular payment method in Brazil. Bills in Brazil usually are payed using this method (more than bank deposits or wires). It is a barcode that you can pay with cash at banks, supermarkets, lottery agents and even some retail stores. You can also pay with your brazilian internet banking. It preserves the buyer privacy if he wants it. He just need to pay it with cash.

### Region

Brazil. Anyone with a brazilian real bank account, even not a resident, can pay or receive a boleto. Even some brazillian internet banks accept it as a deposit/funding method.

### Chargeback risk

There is no chargeback risk. Once you payed a boleto your money is gone.

### Data requirements

With bank name, payer full name and brazilian address (could be informed with the payee information with no issues), payee full name and brazilian itin (CPF)/CNPJ), amount and date due it is generate a barcode that should be informed to the payer. In a more sofisticated version, Bisq could read the barcode and turn into a pdf like it is usual to make it easy to people understand what they are paying and to who. Even so, with the barcode, the teller can give all the information or at the internet banking all the information come after inserting the barcode.
 
### Verification

After 1 business day a payed boleto will be credited at the payee account automatically with no chance of chargeback. You just need to check your bank statement next day after banks are opened.

### Duration

Boletos are cleared only monday to friday (business days).  Worst scenario is a Bisq transaction starting friday night, the buyer pay it monday (because he can't pay it saturday or sunday) and the seller need to wait until tuesday to check if he got the money. I guess giving 7 days would avoid most worst scenario situations. I would recommend it to be automatically made with a due date 2 days after it starts (you can pay it the same day or up to 2 days later).

### Fees

Some banks, fintechs and financial companies charge small fees to create boletos for you (usually less than $3), but they are not expensive and also in some internet banks boleto generation is a free service.

### Fraud risk

If you use the barcode the seller sended you and check it there is no chance of fraud. If the boleto doesn't match with the seller data (Name, amount, etc) simple don't pay it and ask for mediation.


-- 
You are receiving this because you are subscribed to this thread.
Reply to this email directly or view it on GitHub:
https://github.com/bisq-network/growth/issues/199
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.bisq.network/pipermail/bisq-github/attachments/20201002/54f99568/attachment.html>