Articles in this category

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
  1. MEXC requires the account holder's personal name on your payment method to match the name used during identity verification on MEXC.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. 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