[bisq-network/growth] New payment method for EU - Portugal: MBWay (Issue #262)

[joaovarelas]

Payment methods are evaluated very carefully before being added to Bisq. Poorly integrating a payment method, or integrating a payment method that's not a good fit for Bisq's trading protocol, can be costly mistakes for Bisq's users and dispute resolution mechanisms.

As a result, we request that you add responses to the following questions so that we can better consider your suggestion.

Please answer to the best of your ability. The more thorough you can be, the more you'll help us out, and the quicker your suggestion can be evaluated and implemented.

### Why

_Why would Bisq benefit from adding this payment method? Is is popular in a particular region? More convenient? More safe?_

Probably the most used among portuguese citizens, to pay for services, purchases or just between friends.

### Region

_In which areas of the world can this payment method be used?_

Whoever has a portuguese bank account.

### Currencies

_What currencies is this payment method for?_

Euro

### Chargeback risk

_How easy is it to cancel a payment once it's made? This is the most important characteristic of a payment method._

Chargebacks are processed by the bank(s).

### Size of user base

_Do you know how many people use this payment method?_

Est. 3 million users in 2020/2021

### Data requirements

_What information **must** a user provide to a counterparty to accept a payment?_

Phone number (+351 country code)

### Verification

_How can payments be verified? Examples: TLSNotary is typically used for electronic payments, and receipt scans are typically used for money orders._

Using the MBWay mobile application.

### Duration

_How long do payments take? Please provide a range, as the advertised best-case scenario rarely accounts for edge cases._

Instant

### Fees

_Does it cost anything to make a transfer using this payment method? If so, how much?_

No fees.

### Fraud risk

_How easy or difficult is fraud with this payment method?_

Difficult. Register MBWay account requires physical setup at ATM (multibanco) and a portuguese bank card, also phone confirmation.

### Payment amounts

_What is the minimum or maximum amount you can send with this payment method?_

Min: 1€
Max: 750€ to 1000€ (depends)

### Payment description

_Can a note be added when sending payment with this payment method (would be useful to include the Bisq trade ID)?_

Yes.

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