Twint as a new payment method for Switzerland

[Ztirom77]

https://www.twint.ch

Why

Twint is very popular in Switzerland, over 4 million people use it. It is very user-friendly and you can send money via the phone number of the other person. Or via a QR-Code for businesses. The payments are processed immediately (similar to Revolut or Lightning) and cannot be reversed.

Region

as far as I know you need an account with a swiss bank to participate

Currencies

Swiss Franc (CHF)

Chargeback risk

from the faq of the app:
"Payments made cannot be reversed. Contact the merchant / online shop or the person to whom you sent the amount to request a refund."

Size of user base

over 4 million people

Data requirements

Phone Number

Verification

You get a receipt in the app

Duration

1-10 seconds, it never took longer for me and I use it since a few years

Fees

no, it is free until a certain amount (around 5000 CHF/month)

Fraud risk

i don't see any riks

Payment amounts

min: under 1 CHF
max: around 4000-5000 CHF

Payment description

a note cab be added when sending payments

[pazza83]

Hi @Ztirom77

Thanks for posting this.

As Bisq will be launching Bisq 2 soon. This payment method will be available for trading there.

If popular it can then be added to the current Bisq.