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COMPANY detail
Binance Pay
Crypto Payments - Pay & Get Paid With Ease
PAYER FEATURE OVERVIEW.
PROJECT NAME
Binance Pay 
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SUPPORTED ASSETS
?
Cryptocurrencies and stablecoins accepted for payments.
USDT, USDC, BNB, BTC, ETH, BUSD, MORE
BLOCKCHAIN SUPPORT
?
Blockchain networks supported for processing payments.
BSC, Ethereum, Bitcoin, Tron, MORE
WALLET COMPATIBILITY
?
Wallets that can be used to make payments.
Binance app wallet
QR TYPE
?
Supports static QR codes, dynamic QR codes, or both.
Static: YES — Dynamic: YES
PAYMENT SPEED
?
Typical time required for a payment to be confirmed.
Instant for internal transfers
FEES FOR PAYERS
?
Fees charged to users when making payments.
Free for P2P transfers up to 75,000 USDT
USER KYC
?
Whether identity verification is required to use the service.
YES
CUSTODY MODEL
?
Defines who controls and holds users' funds.
Custodial
MOBILE APP REQUIRED
?
Whether a dedicated mobile app is needed to pay.
YES
PAYMENT METHODS
?
Supported payment methods such as QR, NFC, or deep links.
QR: YES — NFC: NO — Deep Link: YES
RECURRING PAYMENTS
?
Whether subscription and recurring payments are supported.
YES
GEOGRAPHIC AVAILABILITY
?
Countries or regions where the service is available.
Southeast Asia, Eastern Europe, Africa, Latin America
Last Updated: Jul 7, 2026
- Over 300 cryptocurrencies supported for peer-to-peer transfers between Binance users, with zero gas fees for internal transactions
- Requires Binance account with completed Identity Verification (KYC) — no standalone signup for Pay
- Payment Priority Order feature allows users to customize spending sequence across multiple crypto assets
- Red Packet feature enables festive crypto gifting with randomized distribution among multiple recipients
- Integrates with local national QR schemes (VietQR in Vietnam, Scan To Pay in South Africa), converting stablecoins to local fiat at scan time
- Plans to expand local QR integration to 10+ additional countries by Q3 2026, focused on Vietnam and Latin America initially
MERCHANT FEATURE OVERVIEW.
PROJECT NAME
Binance Pay
PAYMENT CHANNELS
?
Where payments can be accepted: online, in-store, or both.
Online: YES — In-Store: YES
SUPPORTED ASSETS
?
Cryptocurrencies and stablecoins merchants can accept.
USDT, USDC, BNB, BTC, ETH, BUSD, MORE
FIAT SETTLEMENT
?
Whether crypto payments can be settled in fiat currency.
YES
SETTLEMENT CURRENCY
?
Currencies merchants receive after payment settlement.
USDT, USDC, BNB, BTC, ETH, BUSD
SETTLEMENT SPEED
?
Typical time required to receive settled funds.
Instant for crypto settlement
MERCHANT KYC
?
Whether business verification is required to accept payments.
YES
POS INTEGRATION
?
Support for integration with physical point-of-sale systems.
QR code-based
E-COMMERCE INTEGRATION
?
Supported integrations with online store platforms.
YES
API ACCESS
?
Whether developers can build custom integrations using APIs.
YES
PAYMENT LINKS
?
Ability to create shareable payment links without coding.
YES
INVOICING
?
Ability to create and manage payment invoices.
YES
REFUND SUPPORT
?
Whether merchants can issue refunds through the platform.
YES
WEBHOOKS
?
Real-time notifications for payment and status updates.
YES
GEOGRAPHIC AVAILABILITY
?
Countries or regions where merchants can use the service.
Southeast Asia, Eastern Europe, Africa, Latin America
Last Updated: Jul 7, 2026
- Part of the Binance ecosystem — merchants tap into 170M+ verified crypto users globally
- Zero infrastructure change required in QR-integrated regions — merchants display existing national QR codes, Binance Pay bridges the crypto-to-fiat conversion
- Merchant tools include QR codes, payment links, invoicing, direct debit for recurring payments, and API access
- Binance Payout feature enables zero-fee batch payments to multiple recipients globally, processed instantly
- Fiat settlement available in select regions (e.g., South Africa merchants receive ZAR next business day through Scan To Pay partnership)
- Currently integrates with VietQR (Vietnam) and Scan To Pay (South Africa: 650,000+ merchants), with 10+ new countries planned by Q3 2026
THE REAL STORY.
PROS
[ STRENGTHS ]
- Zero gas fees for P2P transfers and internal merchant payments
- 170M+ existing user base — instant access to crypto-spending users
- Integrates with existing national QR schemes — zero infrastructure change for merchants
- 300+ cryptocurrencies for transfers — highest variety among crypto payment platforms
- Red Packet feature — unique crypto gifting use case
- Binance SAFU fund provides additional security
CONS
[ LIMITATIONS ]
- Requires Binance account with full KYC — no standalone Pay access
- Custodial model — users do not control private keys
- Mobile/desktop app required — not accessible via web browser
- Restricted jurisdictions: US, China, Iran, North Korea, Syria, Cuba, etc.
- Fiat settlement limited to select countries — most merchants settle in crypto
GENERAL QUESTIONS.
Binance Pay is available to all eligible users on Binance.com. To start using Binance Pay, please register on Binance.com and complete your Identity Verification. You can also check your eligibility on our Eligibility page.
Binance Pay is a simple, borderless, and secure way to send and receive cryptocurrencies from your mobile devices and make crypto payments securely. You can send crypto to friends and family via email, phone number, or Binance ID (UID), as well as make crypto payments among our Binance Pay Merchants.
You can access your Binance Pay Wallet by clicking [Wallets] - [Pay] on your Binance App.
Binance Pay currently supports peer-to-peer payment with more than 400 cryptocurrencies, and lets businesses accept 100+ cryptocurrencies for customer payments.
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