Below is a special announcement from Binance P2P
"Fellow Binancians,
Binance P2P, the peer-to-peer marketplace for buying and selling cryptocurrencies with fiat money, will apply an updated fee scheme across 17 fiat currencies effective from 2023-06-26 00:00 (UTC).
Please note that with the updated maker fees, all eligible makers can enjoy 50% off maker fees when they complete transactions with NGN, KES, ETB, TZS, RWF, And MGA trading pairs from 2023-06-26 00:00 (UTC) to 2023-07-26 00:00 (UTC).
Updated fee scheme for 17 fiat currencies:
NGN - 0.2%
KES - 0.2%
ETB - 0.2%
TZS - 0.2%
RWF - 0.2%
MGA - 0.2%
GEL - 0.1%
TJS - 0.1%
KGS - 0.1%
AZN - 0.1%
BY - 0.1%
AMD - 0.1%
PGK - 0.1%
BND - 0.1%
MNT - 0.1%
LKR - 0.1%
THB - 0.15%
Binance P2P still maintains 0 fees for takers who buy or sell cryptocurrencies by placing an order from existing advertisements on the P2P platform, while charging transaction fees to makers who post trade advertisements. The fee rates range from 0% to 0.35%, depending on fiat markets and trading pairs."
From the above explanations, it is better to put a price limit otherwise merchants are going to get a loss when using P2P.
To favor these P2P Merchants they should put price limits within the range of <= 2400 tsh per dollar if they buy from their clients and >= 2500 tsh per dollar if they sell to their customers. Therefore if there is merchant goes against the provided range system should reject the advertisement (ad) therefore the fee that has been launched will be fair to all merchants if not means, merchants are going to get a loss when using Binance P2P.
Assume other merchants abuse the ads for example selling ads are 2480 tsh per dollar and other merchants put buying ads at the same rate of 2480 tsh per dollar and then add 0.2% plus fee from local payment what profits from Binance P2P will be earned?