Global Payment provider information and risk level
HIGH
Payment provider | Description | |
Other online payment | The advertiser gives payment details in the advertisement message | |
Hal-cash | Hal-Cash is a bank service that allows you to send money to any mobile phone, and be withdrawn instantly at an ATM of any of the financial institutions associated with the worldwide system, anytime and anywhere without needing a credit card. | |
Vipps | Send money to anyone who has a Norwegian phone number. | |
Chase Quickpay | Person-to-person payments through Chase’s quickpay system. | |
OKPay | OKPAY allows you to accept bank wire and cash money transfers and all e-currencies quickly and affordably. Currently OKPay advertises as irreversible payment. | |
Paypal | Transfer money to anybody with an email address. | |
WebMoney | Secure and immediate transactions online. | |
Moneybookers / Skrill | The simple and secure way to send and receive money. | |
Neteller | Instant deposits, withdrawals and payouts online. | |
Cashier’s check | Checks signed by cashiers. | |
Venmo | Send money to friends using a mobile app in US. Can be funded using a credit card. | |
Zelle | Send money to friends and family | |
Dwolla | Send money online using Dwolla. | |
Perfect Money | Instant payments and confidential money transfers online. | |
CashU | Pay online securely without bank account or credit card and fund your account using variety of methods. | |
Payza | Send and receive money online. Fund your account with wire transfer or credit card. | |
Other Online Wallet | Other online wallets that do not have their own category. The advertiser gives payment details in the advertisement description. | |
Other Online Wallet (Global) | International online wallets that do not have their own category.. The advertiser gives payment details in the advertisement descirption | |
Other Remittance | Remittance vendors not already on the list. The advertiser gives payment details in the advertisement message | |
Bitmain Coupon | Coupon given out by Bitmain that you can use to purchase their products. | |
Google Wallet | Online payment method to transfer funds between two Google Wallet users. | |
Vanilla | Redeemable coupons and debit cards. | |
PayPal My Cash | Coupons which can be used to load your PayPal account. | |
SolidTrustPay | International instant payment processor. Multiple funding options. | |
Square Cash | Send money to friends using a mobile app in US. Can be funded with debit cards. | |
Credit card | Buy Bitcoins using your credit card. | |
Reloadit | Redeemable coupons and debit cards. |
Risk level explanation
These risk levels apply only when you are selling bitcoins online as the risk comes from accepting payments that can later be charged back. When you are buying Bitcoins you are completely protected by escrow as long as you have proof of payment.
Risk level | Typical payment provider features | Mitigation |
Low | The payment method is irreversible or almost irreversible. | It is safe to use this payment method, LocalBitcoins are aware of few or no issues with it. |
Medium | The payment is reversible and LocalBitcoins receive the occasional report of fraud. | Set first time buyer limits. Require reputation and account history. Check the ID of the buyer. |
High | It is easy for the buyer to reverse the payment, reversals can occur weeks or months after the trade. The payment provider may lock your account without a refund after receiving payments for Bitcoin. LocalBitcoins are aware of several cases of fraud or other problems with trades. Proceed with caution. | Set very low first time buyer limits. Require high user reputation and long account history. Use trusted listings. Check the buyer id. |
Unknown |
LocalBitcoins have not researched this payment method or there
is little to no history with it being used for Bitcoin trading. You can ask in our forums about these payment methods before you start trading. |
MEDIUM
Payment provider | Description | |
International Wire (SWIFT) | International wire transfer with SWIFT code | |
MobilePay FI | Easy way to send money with phone numbers, works with all Finnish banks. | |
IMPS Bank Transfer India | IMPS bank transfers in India. | |
Interac e-transfer | Canadian online transfers | |
Pingit | Barclays mobile payments in UK. | |
Paym | Pay your friends and family using just their mobile number. | |
PYC | Pay your contacts – mobile payments by Natwest / Royal Bank of Scotland | |
Western Union | Send and receive money internationally. The receiver can redeem the transfer as cash. | |
PostePay | Italian online payments. | |
Moneygram | Send and receive money internationally. The receiver can redeem the transfer as cash. | |
RIA Money Transfer | Send and receive money internationally. The receiver can redeem the transfer as cash. | |
Xoom | Xoom Corporation is a digital money transfer company based in San Francisco. It provides consumer remittance services to Europe, Canada, Australia, Latin America, the Philippines and India. | |
MobilePay | Easy way to send money with phone numbers, works with all Danish banks. | |
MobilePay NO | Easy way to send money with phone numbers, works with all Norwegian banks. | |
Walmart 2 Walmart | Send and receive money between two Walmart locations. The receiver can redeem the transfer as cash. | |
Serve2Serve | Reloadable debit cards and transfers between them. | |
Yandex Money | Mobile payment solution. |
Risk level explanation
These risk levels apply only when you are selling bitcoins online as the risk comes from accepting payments that can later be charged back. When you are buying Bitcoins you are completely protected by escrow as long as you have proof of payment.
Risk level | Typical payment provider features | |
Low | The payment method is irreversible or almost irreversible. | |
Medium | The payment is reversible and LocalBitcoins receive the occasional report of fraud. | |
High | It is easy for the buyer to reverse the payment, reversals can occur weeks or months after the trade. The payment provider may lock your account without a refund after receiving payments for Bitcoin. LocalBitcoins are aware of several cases of fraud or other problems with trades. Proceed with caution. | |
Unknown |
LocalBitcoins have not researched this payment method or there
is little to no history with it being used for Bitcoin trading. You can ask in our forums about these payment methods before you start trading. |
Payment provider | Description | |
National bank transfer | Wire transfer within a specific country | |
SEPA (EU) bank transfer | Single Euro Payments Area (SEPA) wire transfers. Usually recallable up to 10 days. | |
Transfers with specific bank | Transfers to and from other customers with the same bank as you. | |
Cash deposit | Go to a bank / ATM and deposit cash directly to the bank account | |
Swish | Send and receive Swedish Kroner to and from mobile phone numbers. | |
QIWI | Send money to anyone with a Qiwi account. All you need to know is their phone number, simple easy and fast. | |
TELE2 | Send money to anyone with a Tele2 account. All you need to know is their phone number. Simple, easy, and fast. | |
M-PESA Kenya (Safaricom) | Send and receive money with your mobile phone in Africa. | |
Ripple altcoin | Altcoins are other cryptocurrencies than Bitcoin. | |
Litecoin altcoin | Altcoins are other cryptocurrencies than Bitcoin. | |
Ethereum altcoin | Altcoins are other cryptocurrencies than Bitcoin. |
Risk level explanation
These risk levels apply only when you are selling bitcoins online as the risk comes from accepting payments that can later be charged back. When you are buying Bitcoins you are completely protected by escrow as long as you have proof of payment.
Risk level | Typical payment provider features | Mitigation |
Low | The payment method is irreversible or almost irreversible. | It is safe to use this payment method, LocalBitcoins are aware of few or no issues with it. |
Medium | The payment is reversible and LocalBitcoins receive the occasional report of fraud. | Set first time buyer limits. Require reputation and account history. Check the ID of the buyer. |
High | It is easy for the buyer to reverse the payment, reversals can occur weeks or months after the trade. The payment provider may lock your account without a refund after receiving payments for Bitcoin. LocalBitcoins are aware of several cases of fraud or other problems with trades. Proceed with caution. | Set very low first time buyer limits. Require high user reputation and long account history. Use trusted listings. Check the buyer id. |
Unknown |
LocalBitcoins have not researched this payment method or there
is little to no history with it being used for Bitcoin trading. You can ask in our forums about these payment methods before you start trading. |
UNKNOWN
Payment provider | Description | |
EcoCash | Send money to and receive money in Zimbabwe with your mobile phone. | |
PayTM | Indian mobile payment method (Pay Through Mobile). | |
Lydia | French mobile payment method. | |
Alipay | Alipay is a major Chinese online payment system. | |
Superflash | Italian debit card with an IBAN number. | |
AstroPay | AstroPay Card is an easy and safe way to make payments online in latin american countries. | |
M-PESA Tanzania (Vodacom) | Send and receive money with mobile phone in Africa. | |
Transferwise | Transfer money online internationally | |
Telegramatic Order | Payment method in Croatia | |
Payeer | Send money anywhere in the world, receiver does not need be registered. | |
advcash | Advanced cash is an online wallet service that lets you send and receive money. | |
hyperWALLET | hyperWALLET is online payment solution which offers instant bank transfer funding in Canada. | |
Tigo-Pesa Tanzania | Send and receive money with mobile phone in Africa. | |
Payoneer | Payoneer is a financial services business that provides online money transfer and e-commerce payment services. | |
Paxum | Send money anywhere in the world with just an email address. | |
Cash at ATM | Cash at ATM is a service some banks that lets you withdraw or deposit money from/to ATMs with a PIN code. | |
WeChat Pay is a digital wallet service incorporated into WeChat, which allows users to perform mobile payments and send money between contacts. | ||
Easypaisa | Send money to other people in Pakistan using your mobile phone. | |
Worldremit | Send money anywhere in the world. |
Risk level explanation
These risk levels apply only when you are selling bitcoins online as the risk comes from accepting payments that can later be charged back. When you are buying Bitcoins you are completely protected by escrow as long as you have proof of payment.
Risk level | Typical payment provider features | Mitigation |
Low | The payment method is irreversible or almost irreversible. | It is safe to use this payment method, LocalBitcoins are aware of few or no issues with it. |
Medium | The payment is reversible and LocalBitcoins receive the occasional report of fraud. | Set first time buyer limits. Require reputation and account history. Check the ID of the buyer. |
High | It is easy for the buyer to reverse the payment, reversals can occur weeks or months after the trade. The payment provider may lock your account without a refund after receiving payments for Bitcoin. LocalBitcoins are aware of several cases of fraud or other problems with trades. Proceed with caution. | Set very low first time buyer limits. Require high user reputation and long account history. Use trusted listings. Check the buyer id. |
Unknown |
LocalBitcoins have not researched this payment method or there
is little to no history with it being used for Bitcoin trading. You can ask in our forums about these payment methods before you start trading. |
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