Increase the trade period for payment method TransferWise from 4 days to 7 days

bisq-network / growth

Bisq exchange growth experiments

https://bisq.wiki/Growth_team

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Increase the trade period for payment method TransferWise from 4 days to 7 days #260

Open VlVEK opened 2 years ago

VlVEK commented 2 years ago

Why

TransferWise is a supported payment in Bisq and enables instant transfer within Europe and between its partner banks
Outside of Europe in some countries TransferWise partners with a local bank and uses SWIFT to process the transfer
This requires an additional period of 2-3 working days excluding weekends and public holidays

Region

Worldwide

Currencies

ALL

Duration

The duration of TransferWise payment method should be increased from current 4 days to 7 days in line with the SWIFT transfer

MwithM commented 2 years ago

That makes sense if it's needed (@pazza83 will review more carefully) but I wanted to add that opening mediation when the trading period ends is optional. If BTC buyer thinks that the transfer is not going to arrive before the end of trading period, he should explain why to seller and none of them shoiuld open mediation as there would be no reason for dispute.

pazza83 commented 2 years ago

I do not think this is needed as only a minority of TransferWise payments will take 7 days. I think a most will be completed immediately to a couple of days.

I agree with @MwithM that mediation is optional and good communication between buyers and sellers will resolve most issues with when payment is expected to arrive.