Binance has launched a Cash Zone to enroll users as cash merchants on the Binance P2P platform. When you become a Binance P2P Cash Merchant, you can post ads with cash as a payment method and make money by posting cash trading ads.
What are the benefits for Binance P2P Cash Merchants?
- Have the privilege to post cash ads.
- Get regional traffic via the P2P Cash Trade zone.
- Enjoy powerful ad management tools.
- Develop your own resell network by posting ads for physical Binance Gift Cards with your preferred prices.
- Cash Merchant-exclusive activities and marketing opportunities.
What requirements are needed to become a Cash Merchant?
Requirements to become a Binance P2P Cash Merchant includes:
- Be a verified Binance P2P Merchant
- Have experience in handling cash trades
- Have a physical store or office(s) with regular operating hours
- Depending on the region youâre based in, you also need to have the capacity to provide a security deposit
How do I become a Binance P2P Cash Merchant?
If you are not a verified merchant yet, youâll need to apply to become a verified Merchant first. To do so, simply:
1. Log in to your Binance account and click [Trade] - [P2P] - [User center] - [Become merchant] - [Merchant application]. Or you can access the P2P Merchant application here.
2. Once your P2P Merchant application has been accepted, go to the [Cash Merchant] tab and click [Apply now].
3. Youâll be redirected to the merchant portal where you can submit a Cash Merchant application.
If youâre already a verified P2P Merchant:
1. Log in to your Binance account and click [Trade] - [P2P] - [User center] - [Merchant portal].
3. Enter the information required on the form and click [Next]. If you reside in a region where a security deposit is required, make sure that you have enough funds in your Funding Wallet.
4. Once youâve filled out the basic information needed, input the information of your cash store.
5. Youâll then be asked to provide proof of rental contract/property ownership and at least five photos or videos to show the store environment and surroundings.
6. Then input your opening hours. You can choose to customize your hours or select a default time opening time.
7. The Deposit section corresponds to the required deposit amount in each region. Youâll see the deposit required for your store and the available amount in your Funding Wallet. If you donât have enough funds, you can click [Transfer] to add more funds from your Spot Wallet.
8. If youâre happy with the information youâve provided and the deposit amount, click [Submit] and [Confirm].
9. A Binance representative will contact you via Telegram or email within 14 days to conduct a store review if you pass the first screening.
10. While the store is under review, you can still change the basic information youâve provided by going to [Profile] and clicking [View] - [Update].
11. Once your store is approved you can access the merchant portal and post your first cash ad.