This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
As Binance conducts regular reviews of its product offerings to focus on products and features that can provide users with the most utility, Binance Pay will cease support for Pay ID on 2025-01-01 (UTC).
Sending and receiving crypto via Binance ID, email, or phone is not impacted. Users are encouraged to start switching to these other available Binance Pay methods for a seamless transition. The decision to cease support for Pay ID will increase the simplicity of Binance Pay and provide a better user experience.
Note:
Affected Binance Pay products include Send, Send Multiple, Merchant Platform Single Payout, and Merchant Platform Batch Payout.
Historical transactions sent or received via Pay ID are retained. Users can continue to access these records from [Pay] > [Transaction History].
Merchant Payout API will not support Pay ID from 2024-12-01. Users are advised to switch to other available options as soon as possible.
There may be discrepancies in the translated version of this original announcement in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
Further Readings:
Thank you for your support!
Binance Team
2024-08-05
Note: This announcement was last updated on 2024-11-27 to add further clarifications to the Pay ID closure date.
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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. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Please fund your wallet and perform your transactions cautiously. Not financial advice. For more information, see our Terms of Use, Binance Pay Terms of Use and Risk Warning.
