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What is the Binance Pay

Binance Pay is a contactless, borderless and secure cryptocurrency payment technology designed by Binance. Binance Pay allows Binance customer to pay and get paid in crypto from your friends and family worldwide.


Merchant Acquiring (C2B) - Payment by QR code#

In this scenario, users are able to make payments by scanning QR Codes provided by Binance and shown by merchants.

  1. Merchants cooperate with Binance to get different QR Codes for different products. Merchants display QR Codes for users to scan.
  2. Users open Binance APP and scan QR Codes.
  3. Users confirm payments by entering passcode or by clicking “confirm” button
  4. Binance notify Merchants and users the status of payments.


Transfer or Send Cryptos (C2C)#

In this scenario, users are able to request crypto from others which called "Collection" in 3rd party application.

  1. Binance user grants a 3rd party application the permission to initiate transfer with his/her Binance Pay
  2. Binance user makes collection request from others in 3rd party application.
  3. Users(Payer) open Binance APP and confirm the collection.
  4. Binance notifies 3rd party application the status of the collection.