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?
The payment methods are commonly used on Ecuador for buying and selling cryptos, those are big banks that are safe, but the trade-off is that you can not mentioned anything about crypto ecosystem because they are banks and hate crypto.
Region
In which areas of the world can this payment method be used?
Ecuador, all states.
Currencies
What currencies is this payment method for?
Only USD.
Chargeback risk
How easy is it to cancel a payment once it's made? This is the most important characteristic of a payment method.
The payment methods are like any other bank transfer system. It is difficult to cancel a transfer already issued but can be change the status to dispute if one of them request it.
Size of user base
Do you know how many people use this payment method?
Not exactly, but more than 1,000,000 people.
Data requirements
What information must a user provide to a counterparty to accept a payment?
If it is the same bank, it just need the bank account number, but if the transfer is between banks, the seller needs to provide ID number, bank account number, and full name.
Verification
How can payments be verified? Examples: TLSNotary is typically used for electronic payments, and receipt scans are typically used for money orders.
The banks issue a receipt as soon the transfer is done.
Duration
How long do payments take? Please provide a range, as the advertised best-case scenario rarely accounts for edge cases.
Same bank are instant. Between banks can take 24 hours on labor days.
Fees
Does it cost anything to make a transfer using this payment method? If so, how much?
Same bank has no fee, Between banks the fee can be $0.40 USD.
Fraud risk
How easy or difficult is fraud with this payment method?
It is not easy, but bad actors can issue a claim that can put seller balance on hold until it get resolved.
Payment amounts
What is the minimum or maximum amount you can send with this payment method?
The limit is $15,000 USD daily. And the minimum is $1 USD.
Payment description
Can a note be added when sending payment with this payment method (would be useful to include the Bisq trade ID)?
Yes.
Banco Guayaquil and Banco Pichincha
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? The payment methods are commonly used on Ecuador for buying and selling cryptos, those are big banks that are safe, but the trade-off is that you can not mentioned anything about crypto ecosystem because they are banks and hate crypto.
Region
In which areas of the world can this payment method be used? Ecuador, all states.
Currencies
What currencies is this payment method for? Only USD.
Chargeback risk
How easy is it to cancel a payment once it's made? This is the most important characteristic of a payment method. The payment methods are like any other bank transfer system. It is difficult to cancel a transfer already issued but can be change the status to dispute if one of them request it.
Size of user base
Do you know how many people use this payment method? Not exactly, but more than 1,000,000 people.
Data requirements
What information must a user provide to a counterparty to accept a payment? If it is the same bank, it just need the bank account number, but if the transfer is between banks, the seller needs to provide ID number, bank account number, and full name.
Verification
How can payments be verified? Examples: TLSNotary is typically used for electronic payments, and receipt scans are typically used for money orders. The banks issue a receipt as soon the transfer is done.
Duration
How long do payments take? Please provide a range, as the advertised best-case scenario rarely accounts for edge cases. Same bank are instant. Between banks can take 24 hours on labor days.
Fees
Does it cost anything to make a transfer using this payment method? If so, how much? Same bank has no fee, Between banks the fee can be $0.40 USD.
Fraud risk
How easy or difficult is fraud with this payment method? It is not easy, but bad actors can issue a claim that can put seller balance on hold until it get resolved.
Payment amounts
What is the minimum or maximum amount you can send with this payment method? The limit is $15,000 USD daily. And the minimum is $1 USD.
Payment description
Can a note be added when sending payment with this payment method (would be useful to include the Bisq trade ID)? Yes.
BANCO GUAYAQUIL LOGO:
BANCO PICHINCHA LOGO: