how to be binance merchant

To become a Binance merchant, businesses can apply through the Binance Merchant Program website, set up payment options, generate QR codes for customer payments, and leverage the benefits of increased visibility, enhanced trust, and competitive transaction fees.

Oct 31, 2024 at 09:45 am

How to Become a Binance Merchant

Binance is one of the world's largest cryptocurrency exchanges, with a vast network of merchants that accept Binance Pay as a payment method. Becoming a Binance merchant offers numerous benefits, including increased visibility, access to a global customer base, and lower transaction fees. Here's a comprehensive guide on how to become a Binance merchant:

1. Create a Binance Account

If you don't have a Binance account, start by visiting the Binance website and clicking "Register." Provide your personal details, including your name, email address, and phone number. Once registered, verify your identity to unlock enhanced account features.

2. Install Binance Pay

Download and install the Binance Pay app from the App Store or Google Play. This app will allow you to generate QR codes for customer payments.

3. Apply for Binance Merchant Program

Visit the Binance Merchant Program website and click "Apply Now." Fill out the application form, providing details about your business, including your website, industry, and estimated annual sales volume. Submit the form and wait for Binance's approval.

4. Set Up Payment Options

Once approved, you can set up payment options in the Binance Merchant Panel. You can choose between two methods:

• Binance Smart Chain (BSC): This allows customers to pay using any BSC-based cryptocurrency.
• Binance Pay: This enables customers to pay with any cryptocurrency supported by Binance Pay.

5. Generate QR Codes

To generate QR codes for customer payments, open the Binance Pay app and select "Generate QR Code." Choose the desired payment option and input the amount. The app will generate a unique QR code that customers can scan to make payments.

6. Display QR Codes

Display the generated QR codes prominently in your store or website. You can also provide instructions on how customers can scan the codes using the Binance Pay app.

7. Accept Payments

When customers scan the QR code and make a payment, you will receive a notification on the Binance Pay app. The funds will be credited to your Binance account, and you can manage the transaction details through the Binance Merchant Panel.

Benefits of Becoming a Binance Merchant

• Increased Visibility: Partnering with Binance enhances your business's visibility to a global audience of crypto enthusiasts.
• Enhanced Trust: Binance's reputation as a secure and reliable platform reinforces customer confidence in your business.
• Low Transaction Fees: Binance offers competitive transaction fees that can significantly reduce your business expenses.
• Global Reach: Binance supports over 50 fiat currencies and 400 cryptocurrencies, enabling you to reach customers worldwide.
• Support and Resources: Binance provides merchants with dedicated support and resources, including technical assistance and market insights.