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 BingX P2P merchant (if you are already a platform merchant, you do not need to reapply).
2. Days since your first order as a merchant: The number of your days since you completed your first P2P buy or sell order as a merchant.
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: App Portal - Update to app version V4.21.0 or above. Visit your merchant page and click on the grey verified merchant badge to apply.
Web Portal: Visit your merchant page and click "More" - "Become a Verified Merchant".
Note: Once you enter the verified merchant application page, the system will evaluate your eligibility. You can apply once you meet the requirements.
 

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. Email: P2P@BingX.com
2. Telegram Channel
3. Telegram: @BingXP2P