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
It is a popular method in Nigeria where banks currently do not provide cryptocurrency support
9.1.
When making a payment to a Merchant on Paga, you will be required to confirm the transaction. At this time, you may also be requested to enter your Password or PIN depending on the channel. By entering your Password or PIN to confirm the transaction you agree and confirm that you authorised the transaction. You cannot directly reverse or cancel any payment once it has been approved by you.
9.2.
When making a payment on a merchant website using Paga, you will be required to log into your Paga account, before payment can be made, in which case clause 5 will still be applicable.
9.3.
As we are unable to reverse or charge-back any payments made, should you have a dispute with any Merchant, you should resolve such disputes with the Merchant directly.
9.4.
Disputes between you and a Merchant will not affect our right to recover payments from you.
Size of user base
Do you know how many people use this payment method?
Over 19 million user-base.
Data requirements
What information must a user provide to a counterparty to accept a payment?
cellphone or email
Verification
How can payments be verified? Examples: TLSNotary is typically used for electronic payments, and receipt scans are typically used for money orders.
5.3.
Each transaction will be identified by a unique 5-character Transaction ID, which is used to track and identify all transactions carried out on the Paga network. This number is important for a variety of uses, including dispute resolution.
5.4.
Paga will send you a receipt of all transactions effected from your Paga Account or performed at an Agent; this message may be sent via SMS, email, or another available channel.
5.1.
You may access the available funds in your Account or Wallet at any time using any of the channels you choose, including your mobile phone and the Internet. While we make every reasonable attempt to provide the services as described in our marketing and educational materials, we offer the services "as is" and without any warranties.
5.2.
All payments will be processed in Nigerian local currency i.e. Naira and Kobo.
5.3.
Each transaction will be identified by a unique 5-character Transaction ID, which is used to track and identify all transactions carried out on the Paga network. This number is important for a variety of uses, including dispute resolution.
5.4.
Paga will send you a receipt of all transactions effected from your Paga Account or performed at an Agent; this message may be sent via SMS, email, or another available channel.
5.5.
Some transactions on Paga’s USSD channel may require you to input your pre-configured PIN, you are solely responsible for maintaining the confidentiality of your PIN and login details of your Account. You must protect the secrecy of your PIN and login details and prevent fraudulent use of the same.
5.6.
As required by the CBN, there are daily limits on your Account or Wallet. You can increase or reduce these limits by providing Paga with the required information, subject to the restrictions placed in terms of paragraphs 5.9.
5.7.
Your Account or Wallet will be credited with any deposits made into it, and the credit will be available for transactions immediately after they are cleared.
5.8.
We will verify and confirm any record of a deposit into your Account. Our records will be taken as correct unless the contrary is proved.
0xtrasher-js
commented
2 years ago
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
It is a popular method in Nigeria where banks currently do not provide cryptocurrency support
Region
Nigeria
Currencies
NGN
Chargeback risk
https://www.mypaga.com/paga-web/pc/terms.paga
Size of user base
Do you know how many people use this payment method? Over 19 million user-base.
Data requirements
What information must a user provide to a counterparty to accept a payment? cellphone or email
Verification
How can payments be verified? Examples: TLSNotary is typically used for electronic payments, and receipt scans are typically used for money orders.
Duration
No range; P2P payment is described as instant.
Fees
P2P payment is free of charge; except 7.5% VAT.
Fraud risk
https://www.mypaga.com/paga-web/customer/static/company/terms
Payment amounts
Minimum is 1 NGN; maximum is 5,000,000 NGN
Payment description
Yes