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How to Make Payment to an Individual with Binance Pay

Binance
2021-03-01 01:26
There are now two ways to pay in crypto with Binance Pay. You will be able to make payment via QR Code and Binance Pay ID.

How to pay with QR code

To pay someone via QR code, simply scan the other party’s Binance Pay QR code with your Binance App. There are two ways to access the QR code scanner in your Binance App:
1. Accessing the Binance QR code scanner via the Binance widget
tutorial video
2. Accessing the Binance QR code scanner via Binance App
Tap the QR code scanner on the homepage.
3. You can see the payment details after scanning the QR code. Check and confirm the payment details.
Please note that your payment details will vary depending on the payment instructions set by the payee upon QR code creation.
4. Tap [Continue] after confirming the payment details. The App will proceed to display the cryptocurrency to be utilized for your payment according to your payment priority settings.
Please note that in case the balance of your prioritized crypto is insufficient to cover the payment amount, multiple cryptocurrencies will be used in your preferred payment order to fulfill your payment.
5. Tap [Confirm] after you checked that the correct desired cryptocurrency is utilized.
5.1. Change your payment cryptocurrency/payment cryptocurrency order (optional)
If you wish to change your payment cryptocurrency order, tap [>] under [Funds to Use] to view the available cryptocurrencies for payment.
Simply drag the available cryptocurrencies to arrange them in your preferred order. This setting will only apply to your current transaction and will not affect the initial payment priority order configured upon your wallet set up.
6. Enter your Pay PIN for payment verification. Please note that your Pay PIN will be locked after 5 incorrect attempts.
In case your Pay PIN is locked, you can try again after five hours.
7. After verifying your PIN, you will see your Payment Details. Your payment is now completed.
To pay someone via Binance Pay ID, you will need to have their Pay ID.
1. Log in to your Binance App, go to [Wallets] - [Pay].
2. You can paste or manually enter the payee’s Pay ID.
3. Select your payment cryptocurrency, enter the payment amount and notes (if any) for this payment.
4. Click [Confirm] once you confirm your payment details.
The payment amount will be deducted from your Pay Wallet balance according to the cryptocurrency order you've set.
Currently, you can only make payments to merchants in Binance Pay via QR code. Please request a QR code from the merchant first.
1. Open your Binance App and tap the QR code scanner on the homepage. Scan the merchant's QR code.
2. You can see the payment details after scanning the QR code. You can tap the information icon next to the merchant’s name to see their list of not supported payment cryptocurrencies. Tap [Continue] after confirming the payment details.
3. The App will proceed to display the cryptocurrencies to be utilized for your payment according to your payment priority settings. Check the payment details and tap [Confirm].
Please note that in case the balance of your prioritized crypto is insufficient to cover the payment amount, multiple cryptocurrencies will be used in your preferred payment order to fulfill your payment.
4.1. Change your payment cryptocurrency/payment cryptocurrency order (optional)
If you wish to change your payment cryptocurrency order, tap [>] next to [Currency] to view your available cryptocurrency balance for payment.
Simply drag the available crypto to arrange them in your preferred order. This setting will only apply to your current transaction and will not affect the initial payment priority order configured upon your wallet set up.
5. Enter your Pay PIN for payment verification. Please note that your Pay PIN will be locked upon 5 incorrect attempts.
In case your Pay PIN is locked, you can try again after five hours.
6. After verifying your PIN, you will see the Payment Details. Your payment is now completed.
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