MEXC P2P Merchant Agreement
Last updated: November 21, 2024
This MEXC P2P Merchant Agreement (the 'Agreement') forms part and parcel of the MEXC P2P Service Agreement (the 'Service Agreement') and P2P Appeal Handling Rules (the 'Appeal Rules'). By participating in P2P transactions on MEXC.com and acting as a Merchant, you are deemed to have read, understood, and accepted this Agreement, the Service Agreement, and Appeal Rules, and you agree to be bound by and comply with the provisions contained therein.
General Principles
- Be honest, and polite.
- Act with fairness, and integrity.
- Be responsible for your advertisements. Ensure the accuracy of price and quantity before you publish.
- Always make payments, release tokens, and reply to users in a timely manner. Only accept payments through the methods you advertise and those available on MEXC P2P.
- Do not cancel orders arbitrarily and do not appeal maliciously. Contact users directly before filing an appeal.
- Do not include “MEXC”, local bank names, payment method names, or any sensitive words in your nickname.
- For exclusive Merchant Support, please get in touch with us via https://otc.mexc.com/control
Trading Principles
- MEXC requires the account holder's personal name on your payment method to match the name used during identity verification on MEXC.
- You are not encouraged to trade with users outside the MEXC P2P platform. If you trade with users privately, MEXC will not bear any responsibility for any losses. You should not include any personal contact information (social networks, messengers) in the ads, trading conditions, or auto-replies.
- You are advised to ask for additional identity verification with the counterparty if any suspicions arise during the course of transaction. If they refuse to provide further information, you are advised to ask the CS team for help.
- When a user complains that his/her bank account is frozen after receiving payment from a merchant, the merchant must cooperate with MEXC to proactively provide evidence as required by MEXC.
- Merchants must not participate in any form of transactions involving illegal funds. The source and purpose of the assets used for P2P transactions are legal, and there is no suspicion of money laundering, drug crime, organized crime, terrorist activities, smuggling, corruption and bribery, crimes of disrupting financial management order, financial fraud, theft, embezzlement and misappropriation of company property and other criminal proceeds.
- If a Merchant brings illegal digital assets or illegal funds into MEXC, resulting in legal risks or loss of assets for MEXC and its users, MEXC has the right to disqualify the Merchant, ban all of their activities, and confiscate their security deposit. In any case, MEXC still reserves the right to pursue any losses or damages suffered as direct or indirect consequences of the Merchant's aforesaid actions, and the Merchant hereby indemnifies MEXC against all direct, indirect, special, consequential losses and damages arising therefrom.
Consequences for Breach
For each violation of certain clauses contained under this Agreement, MEXC may impose certain penalties or restrictions upon your Merchant account, which may include, but are not limited to, Warning, Trading Suspension, Ad Suspensions, Disqualification, and Confiscation of Security Deposits.
Types of Violation | Behavior | Consequence | |
1st Violation | 2+ Violations | ||
Breach of General or Trading Principles | The merchant failed to provide an effective payment method in a timely manner, which caused the user to appeal | Warning | Disqualification |
The merchant clicked on Payment Completed before completing the payment | Warning | Disqualification | |
The merchant is unresponsive to appeals ≥ 3 times per week | Ad Suspension | Possible Disqualification | |
The merchant made payments using accounts that are inconsistent with their verified name on MEXC and the user appealed | Trading Suspension | Disqualification | |
The merchant received a large number of negative feedback from other users | Possible Disqualification | ||
Types of Violation | Behavior | Consequence | |
Risk Control Triggered | User's bank account frozen due to receiving money from Merchant and Merchant fails to cooperate with MEXC within the given timeframe | Trading Suspension, Ad Suspension | |
MEXC risk control system detects an abnormality, and the Merchant refuses or does not actively cooperate with MEXC for investigation | Disqualification | ||
MEXC risk control system detects that the Merchant uses other accounts to wash trades and block other Merchants' ads intentionally | Disqualification |