This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance P2P is pleased to announce that we have added five automated payment methods on the platform. Users can now instantly receive their newly purchased assets on Binance P2P when using any of the automated payment methods available across more than 15 fiat markets.
How to Use Automated Payment Methods:
Log in to your Binance account, and go to the Binance P2P platform.
Select your desired fiat currency and an automated payment method, which can be identified by a pink lightning badge.
Choose one of the ads and start trading!
About Automated Payment Methods:
Automated payment methods allow assets held in escrow to be released immediately after the exact payment amount has been transferred from the buyer to the seller. Sellers are no longer required to check the payments for purchases before releasing assets manually.
By integrating payment service providers, the system will identify whether a payment is made in full before triggering the corresponding actions, making the entire P2P trading process automated and faster. The system operates 24/7 and will automatically release assets for each order upon confirming full payment, which prevent unnecessary delays for both parties and substantially increase trading efficiency.
Only Binance P2P’s selected merchants are allowed to support automated payment methods, which are distinguishable by the pink lightning badge. The introduction of automated payment methods has made P2P transactions more seamless, efficient and secure for both buyers and sellers.
Notes:
Automated payment methods are currently available for selected fiat markets only.
For more information on automated payment methods, please refer to this blog.
Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Thanks for your support!
Binance Team
2023-09-14
Trade on-the-go with Binance’s crypto trading app (iOS/Android)
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: Digital asset prices can be volatile. These fluctuations may affect the value of digital assets you buy or sell on the Binance P2P platform, which may be lower or higher at the time of and after completion of the transaction. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. By using the Binance P2P platform you trade digital assets directly with other users. Binance facilitates transactions by releasing the digital assets once the offline fiat currency exchange is confirmed by both parties. The trading amount, price and conditions of each advertisement are set by the user publishing it. All payments are final upon completion, unless otherwise required by law. Binance has neither the right nor the obligation to resolve any disputes arising from a completed payment. Binance is not liable for any loss you incur in connection with a completed payment. Not financial advice. For more information, see our Terms of Use and Risk Warning.
