Become a Binance Pay Channel Partner: Grow Your Earnings with Zero Gas Fees, Low Transaction Costs
Main Takeaways
Binance Pay enables users to spend and send cryptocurrencies globally, supporting over 100 different cryptocurrencies and accepted at more than 32,000 merchant stores worldwide.
Merchants directly integrate Binance Pay to accept crypto payments, tapping into Binanceâs ecosystem of nearly 270 million registered users to enhance customer payment experiences.
Channel Partners facilitate merchant integration with Binance Pay, providing essential tools and support for smooth onboarding and efficient payment processing. Become one today to ride the unstoppable wave of crypto adoption!
Binance Pay is a contactless, borderless, and secure crypto payment solution developed by Binance, empowering users to spend cryptocurrencies at merchants or instantly send crypto to friends and family globally. Supporting over 100 different cryptocurrencies, Binance Pay has gained widespread acceptance at more than 32,000 merchant stores worldwide.
Merchants vs. Channel Partners: What's the Difference?
Merchants are businesses that directly integrate Binance Pay to accept crypto payments from their customers. Joining Binance Pay allows merchants to tap into Binanceâs vast ecosystem that serves nearly 270 million registered users, as well as enhance their customer payment experience.
Channel Partners, on the other hand, are payment service providers or gateways or technical service providers that facilitate merchant integration with Binance Pay. They provide essential payment tools and support to ensure smooth, efficient, and hassle-free onboarding of merchants.
Why Should You Become a Binance Pay Channel Partner?
Tap Into the Growing Demand for Crypto Payments
Cryptocurrency adoption is skyrocketing, with over 560 million global crypto owners as of 2024, according to payments provider Triple-A. Consumer interest in crypto payments is also booming: in the same survey, more than 65% of surveyed customers expressed a desire to make payments using cryptocurrencies.
Binance Pay has processed over $200 billion in transactions since its inception, demonstrating a robust and growing market opportunity. Thousands of merchants already use Binance Pay across diverse sectors such as e-commerce (e.g., Wristcheck), luxury retail (S. T. Dupont, SMEG), transportation (Tisseo), online travel agencies (Despegar, Travala), gaming (RazerGold, G2G), gift card providers (Coinsbee, Tokenstore), automotive dealerships (LG Groupe, Votre Projet Auto, Moteur & Sens), supermarkets (Carrefour Bahrain, Pick n Pay South Africa), and many more.
Reach Millions of Binance Pay Users
Becoming a Binance Pay Channel Partner grants you access to a vast ecosystem, comprising more than 40 million active Binance Pay users as of 2024. Additionally, Binance has almost 270 million registered users globally. With over 32,000 merchants already integrated globally, becoming part of this network offers unparalleled opportunities to reach a broad and highly engaged customer base.
Low Transaction Fees, Zero Gas Fees
Binance Pay offers significantly lower transaction costs compared to traditional payment methods, including zero gas fees for users. These competitive rates help businesses enhance profitability by reducing payment processing expenses, making it a highly attractive solution for both merchants and channel partners.
Enhance Your Customer Experience
Binance Payâs platform features a smooth, user-friendly interface designed to simplify the checkout experience for consumers. Supporting over 100 cryptocurrencies for payments, it caters to diverse customer preferences, making transactions instant, seamless and intuitive, and helps businesses provide a flexible, modern payment solution that meets evolving customer demands.
At Advanced Payment Solutions, we believe every business should have access to fast, low-cost payments. Our partnership with Binance Pay enables merchants to accept digital assets from over 270 million Binance users and receive instant fiat settlements, unlocking new growth opportunities globally with ease.
Triple-A's partnership with Binance Pay empowers businesses to reach over 560 million digital currency owners globally, increase revenue, and reduce costs through stablecoin and cryptocurrency payments â while eliminating volatility, custody, and compliance risks. This collaboration enables merchants to stay ahead of the curve and meet the rising demand for crypto acceptance.
Binance Affiliate Referral ProgramÂ
Channel Partners can also enhance their revenue streams by participating in Binanceâs Affiliate Referral program. Partners embed unique referral codes directly into checkout pages, capturing new Binance users who sign up via their links.Â
Partners can earn up to 50% commission on their referralsâ spot, margin, and futures trading fees while providing up to 20% discount on spot and margin, and 10% discount on futures trading fees referrals. There is no limit to how much partners can earn.
Futures affiliate partners can earn up to 50% commission, which includes a 30% commission and an additional 20% in the form of a bonus, up to $72,000 in USDT per month. Additionally, partners get an initial 10% fee discount for one month, which they can decide to share with referrals or keep for themselves.Â
Binance Pay: A Range of Product Features
Binance Pay provides an extensive range of product features to cater to various business needs. It allows merchants and partners to accept online and offline payments easily through apps or QR codes. The platform also supports efficient processing of payouts, payment links and invoicing, direct debit, or pre-authorized payment options, streamlining recurring payments and subscriptions.Â
Additionally, Channel Partners such as Payment Service Provider can create submerchant accounts, significantly simplifying merchant management and providing flexibility and operational efficiency. Channel Partners can also access the Binance Pay merchant management portal to view or download settlement transaction reports.Â
Choosing Your Path as a Channel Partner: Payment Service Provider vs Technical Service Provider
A Payment Service Provider (PSP) manages and facilitates payments from Binance Pay users directly to merchants. PSPs integrate the Binance Pay APIs into their checkout solution, enabling merchants to offer Binance Pay as a crypto payment solution without the need for the merchants to be directly onboarded with Binance. PSPs receive funds on behalf of the Merchants on Binance, and handle the settlement of payments directly to merchants' non-Binance accounts.
A Technical Service Provider (TSP) facilitates the integration of Binance Pay APIs for merchants and PSPs, without receiving payments on their behalf. This is suitable for a Payment Provider who does not handle settlement of payments to merchants or PSPs. Under this model, merchants or PSPs directly onboard with Binance, and then work with the TSP to seamlessly launch Binance Pay using the TSPâs technical solution, while settlements occur directly into the merchant or PSPâs Binance account.Â
How to Join the Binance Pay Channel Partner Program
Below are step-by-step instructions on how to become a Binance Pay Channel Partner.Â
For PSPs & TSPs
1. Create a Binance Pay channel partner account at https://merchant.binance.com/en/
For PSPs and TSPs, apply as a Channel Partner
*For TSPs, Please select âTechnical Service Providerâ under Partner Type during the onboarding process.Â
* For PSPs, select âPayment Service Providerâ under Partner Type during the onboarding process.
2. Sign Binance Pay CP or TSP agreement.
A Binance Pay representative will reach out after your account is approved to provide a copy of the agreementÂ
3. Integrate APIs.
We offer multiple APIs to suit your business needs:
Receive crypto payments using the create order API.
API will respond with various links: QR codes, deeplinks, and universal URLs to redirect users to the Binance App or a Binance-hosted checkout page.
Allows instant refunds to users.
Full and partial refunds available, with each order supporting up to 10 partial refunds.
Automate recurring payments, such as subscriptions, or pre-authorize a future payment.
Payment Service Provider can create virtual accounts (submerchant ID) for easier order management.
Note: Merchants requiring fiat settlements can directly contact the Binance Pay team to receive dedicated support and referrals from established channel partners.
Final Thoughts: Your Path to Crypto-Powered Payments
Becoming a Binance Pay Channel Partner unlocks significant strategic benefits, including instant settlements in cryptocurrencies(e.g USDC, BTC, ETH), low transaction fees, no gas fees for users, easy API integration, seamless customer experience, traceable transactions with Binanceâs secure centralized exchange solution, attractive affiliate opportunities, and access to 270-million-strong Binanceâs global user base. Take a decisive step into the future of payments â join the Binance Pay Channel Partner program today! For any further enquiries please contact [email protected].