BingX P2P has launched applications for verified merchant status.
Starting today, BingX P2P merchants who meet the specified security deposit and order requirement can apply to become verified merchants and enjoy exclusive perks.
Q1: What are the benefits of becoming a verified merchant?
A1: As a P2P verified merchant, you'll enjoy the following perks:
1. Exclusive badge: Stand out from the crowd with a verified merchant badge that will be displayed on your profile and advertisements.
2. Ad priority: Your ads will be prioritized on the P2P Trading and Quick Buy page, boosting your visibility and order opportunities. (Coming soon)
3. Prioritized Appeal: Our support team will handle any order appeal you encounter during your P2P trade with top-priority.
4. Dedicated Support: Enjoy exclusive support, with your feedback and suggestions addressed first.
5. Exclusive Events: Gain access to exclusive events and rewards tailored just for verified merchants, which are offered periodically by BingX.
Q2: What are the requirements to apply for verified merchant status?
A2: BingX currently allows qualified P2P merchants apply for the verified merchant status. Visit the relevant page to see if you meet the requirements.
1. Become a P2P Merchant on BingX
(If you are already a merchant on the platform, there is no need to reapply).
2. Days since your first order as a merchant: The number of days since you completed your first P2P order as a merchant. Only merchant sell orders are counted.
3. Allocate some security deposit: Verified merchants are required to allocate a certain amount of security deposit. If you've already had a deposit frozen from your regular merchant application, you only need to top up the remaining balance in your Fund Account.
4. 30-day completed sell orders: The number of your completed sell orders in the last 30 days as a P2P merchant.
5. 30-day counterparties for sell orders: The number of unique counterparties for your completed sell orders in the last 30 days as a merchant. Multiple orders from the same user counts as one unique counterparty.
6. 30-day completion rate for sell orders: Number of your completed sell orders in the last 30 days ÷ all sell orders received in the last 30 days as a P2P merchant * 100%.
7. 30-day appeal ratio: The number of orders where you were appealed against and determined to be at fault in the last 30 days ÷ the total number of your P2P orders (both buy and sell) as a merchant * 100%.
Q3: I'm already a BingX P2P merchant, how do I apply to become a verified merchant?
A3: 1. App: Update the app to version V4.21.0 or above, and go to your merchant details page. If your current verified merchant badge is grayed out, tap to apply.
2. Web: Go to your merchant page, click "More" - "Apply to Become a Verified Merchant".
Note: After entering the verified merchant application page, the system will evaluate whether you meet the criteria. Once all requirements are fulfilled, you can proceed with the application.<0>
Q4: Is the verified merchant status permanent?
A4: Your verified merchant status may be revoked under these situations:
1. Your performance as a verified merchant doesn't meet the requirements for several consecutive days, your status will revert back to a regular merchant.
2. You receive serious complaint from counterparty and the platform determined you to be at fault.
3. You engage in any merchant violations that negatively impact the platform.
For any questions, feel free to contact our online support. You can also reach us through the following methods:
1. Official Email: P2P@BingX.com
2. Official Telegram Channel: Telegram Channel
3. Official Telegram Account: @BingXP2P