Binance upgrades P2P Merchant Program
Binance launches tiered P2P Merchant Program perks
Binance has unveiled significant updates to its Peer-to-Peer (P2P) Merchant Program, introducing a new tiered system designed to recognize and reward the most dedicated and trustworthy merchants.
This update aims to enhance the trading experience on Binance’s platform while fostering trust and consistency within the P2P ecosystem.
Introducing tiered merchant levels
The updated program includes three distinct levels—Bronze, Silver, and Gold—each reflecting a merchant’s performance over the previous month:
Bronze: Entry-level tier for newly verified merchants with a proven P2P trading history.
Silver: Advanced merchants who consistently maintain positive trading records and achieve higher monthly volumes.
Gold: Elite merchants with extensive experience and exceptional reputations in the P2P marketplace.
Merchants progress through the levels based on their monthly trading volume and completion rate. All merchants start at the Bronze level and can advance to Silver or Gold by meeting specific performance benchmarks.
Exclusive perks and rewards
Each tier offers unique benefits to incentivize performance and reliability. All merchants receive exclusive badges—Bronze, Silver, or Gold—based on their level, along with fee discounts ranging from 20% for Bronze merchants to 50% for those at the Gold level.
Additional perks include access to ad-sharing inventory, quick trade cancellations, and 24/7 customer support. Merchants also benefit from faster response times for appeals, with first replies guaranteed within one hour, ensuring smoother conflict resolution and improved user satisfaction.
Joining the Binance P2P Merchant Program
Traders interested in joining the program can apply through the Binance platform. Newly verified merchants automatically start at the Bronze level, with opportunities to advance based on their performance metrics.
For detailed guidance on becoming a Binance P2P merchant and understanding the program, users are encouraged to visit Binance’s official resources.
Commitment to excellence
The revamped P2P Merchant Program highlights Binance’s dedication to creating a secure and rewarding trading environment. By incentivizing high performance and ensuring consistent reliability, Binance continues to set a benchmark for excellence in the crypto trading industry. This update reflects the platform’s ongoing efforts to enhance the user experience and maintain its leadership in the P2P trading landscape.
It is worth noting that Binance Earn recently announced the launch of On-Chain Yields, simplifying blockchain staking rewards.
