This is a general announcement. The products and services mentioned here may not be available in your region.
Dear Binance Users,
Binance P2P is pleased to announce that we have added five automatic payment methods on the platform. Users can now instantly transfer their newly purchased assets on Binance P2P to their account using any of the automatic payment methods available in more than 15 fiat markets.
How to Use Automatic Payment Methods?
Log in to your Binance account and go to the Binance P2P platform.
Select your desired fiat currency and automatic payment method. Automatic payment methods have a pink lightning badge next to them.
Choose one of the listings and start trading!
Make P2P Trades Now with Automatic Payment Methods!
About Automatic Payment Methods:
Automated payment methods allow assets held in escrow to be released immediately after the full payment amount has been transferred from the buyer to the seller. Merchants no longer need to check payment for transactions and then manually release assets.
By integrating payment service providers, the system determines whether the payment has been made in full before triggering the relevant actions, thus making the entire P2P trading process automatic and faster. The system operates 24/7 and automatically releases assets after verifying that payment has been made in full for each order. This avoids unnecessary delays for both parties and significantly increases trading efficiency.
Only select merchants of Binance P2P are allowed to support Direct debit methods, which can be identified by a pink lightning bolt badge. The introduction of automatic payment methods has made P2P transactions more seamless, efficient and secure for both buyers and sellers.
Please be aware:
Direct debit methods are currently only available on certain fiat markets.
For more information about automatic payment methods, you can read our blog article.
In the event of any inconsistency between translated versions and the original English version, the English version will prevail.
Thank you for your support!
Binance Team
14/09/2023