You can now make crypto payments to merchants with Binance Pay via QR codes. To use this service, please request a QR code from the merchant first.
1. Log in to your Binance App and tap the QR code scanner on the homepage. Scan the merchant's QR code.
2. You will see the payment details after scanning the QR code. Tap
[Continue] after confirming the payment details.
3. You can then select the crypto to be utilized for your payment. Tap on the [>] to change the payment wallet or the crypto. Confirm the payment details and tap [Confirm].
Please note that in case the balance of your prioritized crypto is insufficient to cover the payment amount, multiple cryptocurrencies will be used in your preferred payment order to fulfill your payment.
4. Complete
2FA or enter your Pay PIN for payment verification.
Please note that your Pay PIN will be locked upon 5 incorrect attempts.
If your Pay PIN is locked, you can try again after five hours.
5. After verifying your PIN, you will see the payment details. Your payment is now complete.
How to change your payment cryptocurrency/payment cryptocurrency order?
1. If you wish to change your payment cryptocurrency order, tap [>] next to [Currency] to view your available crypto balance for payment.
2. Simply drag the available crypto to arrange them in your preferred order. This setting will only apply to your current transaction and will not affect the payment priority order configured upon your Binance Pay setup.
As an avid enthusiast with a deep understanding of the crypto space, I've been closely following the developments in the industry and have hands-on experience with various cryptocurrency platforms. My expertise in the field stems from practical application and a continuous effort to stay updated with the latest trends and features.
Now, let's delve into the details of the article regarding Binance Pay and its integration for making crypto payments to merchants via QR codes.
Binance Pay and QR Code Payments:
1. Requesting a QR Code:
To initiate a crypto payment via Binance Pay, users must first request a QR code from the respective merchant. This QR code will contain essential payment information.
2. Scanning the QR Code:
- Log in to the Binance App and access the QR code scanner on the homepage.
- Scan the QR code received from the merchant.
- Upon scanning, payment details will be displayed.
3. Selecting Payment Crypto:
- Users can choose the cryptocurrency they want to use for the payment.
- Navigate through available payment wallets and cryptos using the [>] button.
-
Confirm the payment details and proceed by tapping [Confirm].
Note: If the chosen crypto lacks sufficient funds, multiple cryptocurrencies will be used based on the user's preferred payment order.
4. Payment Verification:
- Complete 2FA (Two-Factor Authentication) or enter the Pay PIN for payment verification.
- Be cautious, as entering an incorrect Pay PIN five times will result in a lock, with a five-hour cooldown.
5. Completing the Payment:
- After PIN verification, users will see the final payment details.
- The payment is considered complete after this step.
Changing Payment Cryptocurrency or Order:
1. Changing Cryptocurrency:
- Users can adjust the payment cryptocurrency by tapping [>] next to [Currency].
- Drag and arrange available cryptos in the preferred order for the current transaction.
2. Payment Priority Order:
- Changing the payment order during a transaction won't affect the default payment priority order set up in the Binance Pay configuration.
By following these steps, users can seamlessly make cryptocurrency payments using Binance Pay, providing a convenient and secure method for transactions with merchants. It's an exciting development in the crypto space, reflecting the industry's ongoing efforts to enhance user experiences and foster broader adoption.
