bisq-network / growth

Bisq exchange growth experiments
https://bisq.wiki/Growth_team
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Steam Gift Card #284

Open Minghell0x opened 1 year ago

Minghell0x commented 1 year ago

Why

Adding Steam Gift Cards as a payment method to Bisq could benefit the platform in several ways:

Region

Steam Gift Cards can be used in various regions where Steam is accessible. This includes many countries around the world.

Currencies

Steam Gift Cards are often available in the local currency of the region they are purchased in. They can be used to buy items on Steam, which primarily uses major global currencies.

Chargeback Risk

The chargeback risk with Steam Gift Cards is relatively low, as they are generally non-refundable once activated. This could make them a favorable payment method for Bisq's decentralized trading platform.

Size of User Base

As long as Steam is available in a country, anyone can buy them online or in store so the user base is pretty big.

Data Requirements

To accept a payment via Steam Gift Cards, a user would typically need to provide the recipient with the unique code or card details associated with the gift card. Additional details may vary based on the specific trade and the requirements of the Bisq platform.

Verification

Payments involving Steam Gift Cards can be verified by confirming the validity of the card and its code. This can be done by the recipient checking the card balance and authenticity before releasing the cryptocurrency.

Duration

The code activation is instant so the duration would be very short.

Fees

Buying gift card does not involve fees.

Fraud Risk

Steam Gift Cards have a relatively lower fraud risk compared to some other payment methods because they are physical or digital cards with unique codes.

Payment Amounts

Steam Gift Cards typically have a predetermined face value. The minimum and maximum payment amounts for Bisq trades involving Steam Gift Cards would depend on the denominations of available cards. Multiple cards can be bought for higher amounts.

Payment Description

In many cases, when sending payment via Steam Gift Cards, there's usually no option to add a custom note. However, traders can communicate through Bisq's messaging system to include relevant trade information like the Bisq trade ID.