Add BitRefill as a multi-currency payment method

[pazza83]

BitRefill

BitRefill Website
BitRefill Youtube
BitRefill Terms
BitRefill Twitter
Video tutorials in multiple languages

Background

Bitrefill aims to let people live on cryptocurrency more easily. They provide lots of gift cards, prepaid mobile refills, and Lightning networking services that can be purchased using Bitcoin and other cryptocurrencies worldwide.

A number of users have asked if BitRefill can be added as a payment method.

Recently @prayank23 made a comment about BitRefill being used by people in India to sell their crypto using BitRefill as an alternative to exchanges. I think this is an interesting use case for this payment method.

There might also be more ways that Bisq users would find BitRefill useful.

Why

Bitrefill is the largest and most established service of it's type.

Region

Bitrefill is available in over 170 countries

Currencies

Multi-currency fiat vouchers
Multiple cryptocurrencies accepted for payment

Chargeback risk

Low

Size of user base

Unknown, they started in 2014.

Data requirements

To send a voucher to someone you enter a name and email address.

Verification

TLSNotary on website.

Also email confirmations are sent to both parties.

Duration

Instant

Fees

It is free to send and receive.

Fraud risk

Low

Payment amounts

Unknown. BitRefill state:

There are daily limits, depending on the product category. Some limits can be increased upon verification of the user account.

Additional information

If added I am not entirely sure how the gift card selected would be chosen. It might be a bit messy to have to agree it on every purchase. Maybe when creating the account you can specify what voucher you would like. There is also a BitRefill voucher which is interchangeable into any other BitRefill voucher but these are only available in EUR and USD.

It would be good to hear from anyone with any ideas on how this could be used.

[pazza83]

BitRefill has been scored for inclusion to Bisq:

Essential	Desirable	Definite No’s
Very low risk of chargeback	No risk of chargeback	< very low risk of chargeback
Way to verify the sender in the received payment	Way to verify the sender in the received payment and ability to enter a reference	No way to verify the sender in the received payment
Trade time less than one week	Instant payment	Trade time more than one week
Singular Fiat currency	Multi-currency	Not a payment method for fiat currency
Significant user base	Large user base	No significant user base
High usability	High usability and great user experience	**< high amount usability~~
No KYC required for sending and receiving payments	No KYC required for sending and receiving payments, allows users to trade with upmost privacy. Minimal identifying information as possible (no names, email, phone etc required)	Some KYC required (proof of address, ID, selfie) for sending and receiving payments
Low risk of scam attempts	Very low risk of scam attempts	< low risk of scam attempts
Traders can provide evidence of payment / receipt	Traders can provide evidence of payment / receipt and Verification of payment can be made using PageSigner or similar	Traders will be unable to provide evidence of payment / receipt
Minimum limit at least equal to at least account limits protocols	No minimum limits	Minimum limit not able to achieve account limits protocols
Maximum limits equal to at least 0.01 BTC	Large payment limits up to 2 BTC	Maximum limit is less than 0.01 BTC
Likely to increase liquidity	Likely to increase liquidity and open markets for different countries and currencies	Likely to decrease liquidity
Low risk of mediation	Very low risk of mediation	< low risk of mediation
Low risk for traders from government agencies	No risk for traders from government agencies	< low risk for traders from government agencies
Fees should not be a barrier to trading	No fees for transactions	Fees will be a barrier to trading
Only minor changes needed to trade protocol	No changes needed to trade protocol	> Minor changes needed to trade protocol

Score: 26/32
Percentage: 81.25%

[pazza83]

BitRefill - Proposed National Currency Payment Method

I am proposing that BitRefill be added as a national currency payment method.

@refund-agent2, @huey735, @leo816 please let me know if you have any questions as to how BitRefill will be mediated / arbitrated. If you have any objection please let me know by 31 May 2021.

---

Date proposal being made: 01.05.21
Date feedback to be provided by: 31.05.21

Name of payment method: BitRefill

Required fields (eg)

• Email

Currencies accepted

• EUR

• USD

• Maximum trade duration: 24 hours

Signing required: No

Bisq Limits: eg 0.25 BTC

Trade window: 24 hours

Payment method limits: eg $2000 USD or equivalent per payment

Any relevant information for mediators / arbitrators: Payment will only be made in either

BitRefill giftcard - USD
BitRefill giftcard - EUR

Any relevant information for users: Beware of $2,000 USD or equivalent limit per transaction. Only really suitable for people able to spend USD or EUR.

Screenshot of expected GUI: TBC

[pazza83]

Here is the XD for BitRefill, it should be straight forward to add:

[pazza83]

This payment method is on hold for the moment.

This is due to both the USD and EUR BitRefill gift cards being temporally discontinued:

BitRefill giftcard - USD
BitRefill giftcard - EUR

This product is unavailable. We are currently working on a new, improved Bitrefill Gift Card.

Once the new Bitrefill gift cards are published I will revisit it.

[pazza83]

This payment method is on hold for the moment.

This is due to both the USD and EUR BitRefill gift cards being temporally discontinued:

BitRefill giftcard - USD
BitRefill giftcard - EUR

This product is unavailable. We are currently working on a new, improved Bitrefill Gift Card.

Once the new Bitrefill gift cards are published I will revisit it.

[Liisachan]

Once the new Bitrefill gift cards are published I will revisit it.

Thanks! This could be very nice.