What are crypto payments for merchants and how do they work? Cryptocurrency payments for merchants allow businesses to accept cryptoassets—such as Bitcoin, Ethereum, or *stablecoins*—as a payment method for goods and services, just like they would with traditional cards or bank transfers. With Binance Pay, the customer simply scans a QR code or clicks a payment link, confirms the transaction in their Binance app, and the payment is settled instantly and securely, without the merchant having to directly manage wallet addresses or deal with the complexity of the blockchain (*blockchain*).