According to the announcement from Binance, the platform is extending its P2P Merchant Protection Plan to support both new and existing merchants in selected MENA and South Asia countries. This initiative aims to provide a secure trading environment for new merchants and enhance protection for existing ones. The promotion period is set from 2026-02-12 00:00 (UTC) to 2026-06-30 23:59 (UTC).
**Eligibility and Benefits**
New merchants joining Binance P2P during the promotion period will automatically qualify for the Merchant Protection Plan without any minimum trading volume or order count requirements. Existing merchants can also benefit from this plan if they complete P2P orders within the specified period. To qualify for protection against chargebacks or bank freezes, existing merchants must meet a weekly threshold of at least 200 orders and a trading volume of $75,000 or equivalent.
**Compensation Details**
Eligible merchants can receive compensation of up to $500 per affected order, capped at the order amount. Orders from the ad bidding system and those by Gold, Pro, and Shield merchants are eligible for additional compensation up to $500. Compensation is calculated in USDT, based on the real-time USDT price on the date approved by the Binance P2P team.
**Compensation Process**
To qualify for compensation, merchants must submit an application within 30 days after order completion and meet at least two of the following conditions: a judicial authority confirms the merchant’s bank account is frozen for more than 15 days, a judicial authority issues documents to Binance P2P to retrieve the buyer’s order record, or the merchant’s bank account was exclusively used for Binance P2P trades for the past 90 days. Compensation will be paid in USDT token vouchers, up to the capped amount of 500 USDT.