Add Daviplata as a payment method (Colombia users)

[ricardosaurio]

Payment method: Daviplata https://daviplata.com

Why

Daviplata is a neobank derived from banco davivienda, the transactions are instant and without chargebacks. Its widely used here in Colombia in e-commerces.

Region

Only Colombian users, it only handles the colombian peso COP.

Chargeback risk

No chargebacks are allowed. If you get scammed, their page states that all you can do its report to the bank and their insurance may pay-up if they belive a scam has occurred.

Data requirements

To recive money with Daviplata, you will only need to provide your phone number.
The sender migth requiere to use his national ID card if he is going to send to Daviplata from a davivienda bank account or from a davivienda ATM that allows deposits. If he is sending from another Daviplata, he will not requiere his national ID.

Verification

A sender can ask its daviplata app to send his transaction history to his email, wich can be notarized with TLSNotary. The transactions have an ID called "Numero de autorizacion" but these cannot be consulted by anyone, its for internal use by the bank. The email from where the transaction history is sent from is [email protected]

Duration

From daviplata to daviplata, from davivienda bank account or from ATM deposit, the payments are instant. From other banks to Daviplata it can take up to 2 working days.

Fees

From Daviplata to Daviplata, from davivienda bank account or from ATM deposit, there is no fee. There migth be variable feeds from an external bank to daviplata, but these vary upon the bank. My bank fees to Daviplata is less than 1$.

Fraud risk

Man in the middle attack, to open a Daviplata account, you dont even need to give any personal data besides your phone number, but further from there, i dont think how it can be used to fraud a bitcoin seller.

Trading limits

A maximun of 2.800.000 can be transferred to a Daviplata (about 750$) and this is also a monthly limit for all your transactions. I.E. If i use daviplata for anything else, this limit will decrease, so you migth be limited to buy even less.

Privacy protection:

High, to either send or recive to Daviplata, i only need to provide my phone number. If im sending to daviplata from any other method, i migth need to provide my national ID, but the reciver wont know what my national ID is.

###Aditional notes:

Im proposing this method because Daviplata is very popular in Colombia and there is no COP volumen in Bisq and i will volunteer in anything needed to set this method. With risk of putting a bad name on Colombian people (im Colombian anyway), people tend to be dishonest and try to fraud if the oportunity appears. I would suggest at least a 30% collateral for the 2/2 multisig, and i wouldnt mind at all at 50%. Also, to kickstart this. I would ask for a signed account under this method and i would put small trades to sign other people.

[ricardosaurio]

An aditional note with this method, it doesnt have any kind of text or memo note during daviplata to daviplata transactions, it cannot store a transaction ID.

I dont know if this would rule out this method efectively, but its a shame if it would. Daviplata is not the most popular method in Colombia, but its by far the most realiable, fast and accesible for the average joe.

[pazza83]

Daviplata 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: 19/32
Percentage: 59.38%

Main problem with this is maximum amount is $2,800,000 COP about $750 USD, this will likely soon be lower than 0.01 BTC, this is also a monthly limit as opposed to a transaction limit.

[pazza83]

The above payment methods would be suitable if it were not for the low limits of around 0.01 BTC max transaction limit or under. I think this will likely cause issues in the months ahead and, therefore, these payment methods can be re-visited when the on chain miner fee problems have been reduced.

[ricardosaurio]

Agree, unfortunately 2'500.000 cop is a lot of money here but in BTC terms is, at this time, nothing. To make thing worse, this is a CUMmulative, i.e. if you use the 2.500.000 COP, daviplata wont allow you to do any other transaction until the next month. Too bad, Daviplata is very popular and realiable.

[pazza83]

Thanks for the comments. Yes, it is not so much the 2,500,000 COP it is the percentage of the transaction that would be eaten by BTC fees that makes it unprofitable for buyers and sellers. It can be reviewed when there is an solution in place to reduce on-chain fees or fund an alternative.

Nequi looks promising though :)