Become a merchant on P2P.me
Merchants on P2P.me provide liquidity to the protocol by buying and selling USDC from users in exchange for local currencies.
Requirements to become a merchant
Bank account requirement
To become a merchant on P2P.me, you need a valid bank account from one of the following banks
India
State Bank of India (SBI)
Canara Bank
Nigeria
- Coming soon Phillipines
- Coming soon
Latam
- Coming soon
Please note that it is highly recommended to use this bank account exclusively for fulfilling P2P.me orders only.
USDC Stake requirement
You will need to stake a minimum of 500 USDC on the P2P.me protocol to provide liquidity to the network. You can also stake more than 500 USDC to increase your liquidity contribution—the larger your stake, the more orders you will receive.
How much can you earn by becoming a Merchant?
P2P.me pays out 1% of each transaction you fulfill as a reward to your in-app wallet in USDC.
For example, if you process orders worth 10,000 USDC in a given month, you will receive 1%, which is 100 USDC, as your reward.
Risks to be aware of as a P2P.me Merchant
Account freeze risk
There is a very low risk of your bank account being frozen if a fraudster sends money to it. However, this risk is very minimal, as the Reputation Points system on P2P.me effectively filters out fraud in approximately 1 out of every 1,000 transactions.
If you actively process order requests on P2P.me, our order assignment algorithm ensures that your bank account maintains the lowest possible balance, minimising the potential for financial loss due to fraud.
Legal and regulatory risks
As a merchant on P2P.me, you are responsible for ensuring compliance with your local laws and tax regulations. Please consult with local experts to understand your compliance requirements.
Becoming a merchant
If you can satisfy the above requirements you can signup as a merchant on P2P.me at lp.p2p.me
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