Binance Select Zone C2C Merchant Full Compensation! Is it really useful?

As an established C2C merchant, Brother Wanshi will tell you:

If your WeChat, Alipay, or bank card encounters judicial freezing while cashing out, the loss of money is not the real issue; rather, it’s whether you will be classified as a suspect in the case and recorded by the anti-fraud center for card disconnection.

Why do I say this? Because if illegal funds flow into your account, recognizing your misfortune and losing money is the best outcome. If you are classified as a suspect and go on the run, you could end up with nothing and have to spend a few days 'floating on water' (here referring to plain porridge with a few green vegetables). As long as the case involving your bank card is not resolved, you will be recorded by the anti-fraud center, and your WeChat Pay cannot continue to be used; you will not be able to open a new bank card; large bank transfers will be inquired about, in short, it will be difficult to move forward.

With that said, do you still think this full compensation is of great significance to you? It has some effect, but not much, because merchants have paid more deposits after all, and their scrutiny of funds during transactions will be stricter. But those who often walk by the river, how can they avoid getting their shoes wet? In the end, all those merchants who profit by collecting and selling U on the platform all face the same fate. The truly successful C2C merchants have long integrated offline operations for deposit and withdrawal services, like Brother Wanshi.

However, if you are cashing out a few thousand, you don’t have to worry about this issue. Use WeChat or Alipay to receive payments, find a merchant who has been in business for a longer time, and where the monthly order volume is not particularly high, to ensure your safety. If it’s a large cash out, then you must recognize Brother Wanshi. #冻卡问题 #出金