(applicable to non-CN region)
What is Binance P2P Shield Merchant Program?
The Binance P2P Shield Merchant Program is designed to make cryptocurrency trading safer and faster. If a Shield Merchant trades with a user selling cryptocurrencies on the Binance P2P Platform and the user's bank account is frozen after receiving payment, the Shield Merchant will compensate the user with a certain amount of the total order amount. This helps to give users peace of mind when completing transactions.
The team at Binance P2P carefully reviews each Shield Merchant to ensure that only verified merchants who meet specific requirements, such as positive transaction histories, can become Shield Merchants.
What are the criteria required to join Binance P2P Shield Merchant program?
1. Shield Merchants are required to submit a predetermined region-specific security deposit.
2. The account holder applying to become a shield merchant (“the applicant”) must be a verified Binance P2P merchant and Binance P2P will review the application based on the applicant’s historical transactions and data.
3. No negative feedback has been reported by counterparties regarding their bank accounts being suspended within 90 days of completing transactions with the applicant.
4. The applicant has not been investigated or restricted by relevant public authorities in the past.
5. The applicant has no serious violation or multiple violations of the Binance P2P Merchant Guidelines and P2P User Transaction Policy and other relevant conditions.
6. The applicant’s account has passed the risk control department's risk assessment, including cross-platform transactions, high-risk withdrawals, and triggering Freeze.
7. The applicant must pass the comprehensive assessment of the merchant’s management department and other service departments, including violation records, complaints records, time-limited records of cooperation, and other indicators.
8. The applicant has not had any bad or negative behavior that damages Binance’s brand reputation.
9. The applicant agrees to abide by and agree to the "Shield Merchant Program Rules" specified by each region.
10. Other declaration conditions that Binance considers necessary to meet, subject to separate notification.
PLEASE NOTE:
- The criteria mentioned above are subject to regional variations and may not be the same in all regions.
- Binance P2P has an extensive review process and filling out the form does not guarantee acceptance as a Shield Merchant. The Binance P2P team will review your application and reach out within a few days if there are further questions.
- Binance, at its own discretion, evaluates, and qualifies merchants for the Shield Merchant Program.
Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Risk Warning: 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.