While waiting in line to pay a hospital bill, a colleague of mine rushed to scan a QR code and enter the amount. It should have been 500,000 VND, but she accidentally added an extra zero and sent 5 million instead. She noticed the mistake immediately, but the staff explained that any refund would require accounting approval and could take weeks.
This is the risk built into every one-way transaction: once excess funds reach the recipient, getting them back depends on their willingness and internal process. There is no automatic reversal mechanism.
Crypto P2P trades carry the same risk. The only difference is that the recipient is not a hospital accounting department, but a stranger on the other side of the trade.
If a buyer sends more than the order amount and clicks “Paid,” Binance P2P support can contact the seller and request the return of the excess funds. According to the Binance Vietnam team, because VND amounts contain so many zeros, a single typing error can multiply a payment by ten. Overpayments are among the most common disputes reported by Vietnamese users.
A fair counterpoint is that if the seller refuses to return the extra funds, the buyer bears the loss. No compensation fund automatically covers the difference. Just as a hospital's accounting team is designed to collect the correct payment, refunding an accidental overpayment is an exception that requires special handling.
Returning money that is not yours ultimately depends on human judgment, something no process can fully automate.
$BNB should be judged by whether users verify the amount before confirming a transfer, not by the assumption that any overpayment will always be recovered.
#BinanceP2PAnToan @Binance Vietnam $BTC $C98
This is the risk built into every one-way transaction: once excess funds reach the recipient, getting them back depends on their willingness and internal process. There is no automatic reversal mechanism.
Crypto P2P trades carry the same risk. The only difference is that the recipient is not a hospital accounting department, but a stranger on the other side of the trade.
If a buyer sends more than the order amount and clicks “Paid,” Binance P2P support can contact the seller and request the return of the excess funds. According to the Binance Vietnam team, because VND amounts contain so many zeros, a single typing error can multiply a payment by ten. Overpayments are among the most common disputes reported by Vietnamese users.
A fair counterpoint is that if the seller refuses to return the extra funds, the buyer bears the loss. No compensation fund automatically covers the difference. Just as a hospital's accounting team is designed to collect the correct payment, refunding an accidental overpayment is an exception that requires special handling.
Returning money that is not yours ultimately depends on human judgment, something no process can fully automate.
$BNB should be judged by whether users verify the amount before confirming a transfer, not by the assumption that any overpayment will always be recovered.
#BinanceP2PAnToan @Binance Vietnam $BTC $C98