Wise-USD

Wise-USD (formally TransferWise-USD) is a payment method added in Haveno.

Wise is a web- and app-based money transfer service that supports multiple currencies. Wise to Wise payments allow users to send payment from any supported currency to any other supported currency. Payments utilize the Wise multi-currency account. This is available for users in most countries. Wise was added to Haveno.

Wise-USD is for sending and receiving USD payments.

Where can I find out more about Wise-USD?

Due US banking regulation, sending / receiving USD payments has more restrictions than most other currencies. This is the reason USD was not added to Wise-to-Wise payment method. For reference see:

What countries are available for Wise-USD?

Anyone with a Wise account can use Wise-USD.

What currencies are available for Wise-USD?

USD only.

What is the maximum trading duration for Wise-USD?

The maximum trade time is 4 days.

What is the maximum XMR limit for an Wise-USD trade?

12 XMR

Is Wise-USD a payment method that can be signed?

No, Wise-USD accounts do not require signing.

How do I set up a Wise-USD account?

Set up an account with https://wise.com/

How do I add Wise-USD as a payment method in Haveno?

It is easy to add your Wise-USD account to Haveno.

Go to the top menu in Haveno and select Account.
Then select Traditional Currency Accounts.
Click add new account
Select Wise-USD
Complete the details
Choose to use a custom account name this helps makes it easier for you to manage multiple payment methods in Haveno (this will be visible only to you, for example: Wise-USD - USD - John Doe)
Click save new account

Make sure all the details are correct when you add.

Warning

Due US banking regulation, sending and receiving USD payments has more restrictions than most other currencies. For this reason USD was not added to Haveno Wise payment method.

The Wise-USD payment method allows Haveno users to trade in USD.

Anyone with a Wise, formally Wise account, can add Wise-USD as a payment method in Haveno. This will allow them to buy and sell XMR with USD.

When trading on Haveno XMR Buyers should not use any reference for reason for payment. If reason for payment is required they should only use the full name of the Wise-USD account owner.

How do I buy XMR with my Wise-USD account?

You can buy XMR with Wise-USD on Haveno in 2 waysː

Make an offer to buy XMR on the USD market.
Take an offer to buy XMR on the USD market.

When the offer is confirmed Haveno will provide you with the XMR Sellers Wise-USD details for you to complete the payment. You should send payment immediately and confirm you have done so in Haveno by clicking Payment Sent.

If you have the option to include a payment reference please leave it blank. If your bank requires one, please just use your name that matches your bank account.

Once the XMR Seller receives your payment they will confirm in Haveno and your security deposit and your purchased trade amount will be available in your wallet.

Warning

Please send payment only to the email address in the XMR Seller's Haveno Wise-USD account. Please leave the payment description blank.

How do I sell XMR with my Wise-USD account?

You can sell XMR with Wise-USD on Haveno in 2 waysː

Make an offer to sell XMR on the USD market.
Take an offer to sell XMR on the USD market.

When the offer is confirmed Haveno will provide with the XMR Buyer with your Wise-USD details for you to complete the payment. They should send payment at their first opportunity and confirm they have done so in Haveno by clicking Payment Sent.

Once you receive payment from the XMR Buyer you should confirm payment has been received in Haveno. One you have done this the XMR Buyer will receive their funds and you will receive your security deposit back.

Warning

Please check that the payment received matches the XMR Buyer's name of the Wise-USD account in Haveno.

Are there any limits for me to be aware of when using my Wise-USD account?

No

Are there any fees for me to be aware of when using my Wise-USD account?

~small fee of about $0.25 for all sending transactions ~0.25% if not funding payment using USD.

How does dispute resolution when trading with Wise-USD?

If a dispute occurs the arbitrator may ask the buyer to send them information showing that they made the payment of the correct amount to the XMR Seller within the correct time frame.

The arbitrator may ask the seller to send them information to prove their account details are correct, or in the case of the XMR Buyer making a payment late, or of the wrong amount.

For more information see Dispute Resolution.