Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»Binance Pay to phase out Pay ID support starting August 2024
ADOPTION NEWS

Binance Pay to phase out Pay ID support starting August 2024

By Crypto FlexsAugust 5, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Binance Pay to phase out Pay ID support starting August 2024
Share
Facebook Twitter LinkedIn Pinterest Email

Tony Kim
Aug 5, 2024 04:22

Binance Pay will phase out support for Pay ID starting August 6, 2024, and focus on improving user experience through other payment methods.





Binance recently announced that it will gradually discontinue support for Pay ID on its Binance Pay service starting August 6, 2024. According to Binance.com, this decision is part of Binance’s ongoing efforts to streamline its product offerings and improve user experience.

Switch to another payment method

Binance emphasized that the ability to send and receive cryptocurrencies via Binance ID, email, or phone will not be affected. Users are advised to switch to these alternative methods to ensure a seamless experience. This change aims to simplify the functionality of Binance Pay and provide a more streamlined user experience.

Affected Services

The Pay ID outage affects several Binance Pay products, including:

  • let go
  • Send multiple
  • Merchant Platform Single Payment
  • Merchant Platform Bulk Payment

Despite the phaseout, past transactions made via Pay ID will still be accessible. Users can view their history via the (Pay) > (Transaction History) path. Additionally, the Merchant Payout API will continue to support Pay ID until further notice, but users are encouraged to immediately switch to other available options.

Resolving discrepancies

Binance noted that there may be discrepancies in the translated version of the announcement and advised users to refer to the original English version for the most accurate information. This move is part of Binance’s broader strategy to continually review and adjust its product offerings to better serve its user base.

Industry context

This development follows a series of updates and changes that Binance has made to optimize its services. Recently, Binance has been focusing on improving the security and user experience of the platform, including introducing new features and discontinuing less-used services.

As the cryptocurrency industry evolves, platforms like Binance are constantly adapting to meet the needs of their users while complying with regulatory standards. The gradual deprecation of Pay ID is a step towards building a more efficient and user-friendly payment ecosystem within the Binance platform.

Image source: Shutterstock


Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025

Bitcoin analysts bet on $ 200K after hints of Fed.

August 23, 2025

‘Self -transactions, dressed in capital layout’: The cryptocurrency financial craze divides the industry.

August 15, 2025
Add A Comment

Comments are closed.

Recent Posts

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025

Meme Coin Little Pepe Raises Above $24M In Presale With Over 39,000 Holders

September 2, 2025

Bybit WSOT 2025 Attracts Quadruple Squads As $8M Main Competition Commences

September 2, 2025

Duration Of The Process And Important Nuances

September 2, 2025

PrimeXBT Launches “Empowering Traders To Succeed” Campaign, Leading A New Era Of Trading

September 2, 2025

Korean sleeves cut Tesla and pivot with encryption stocks.

September 2, 2025

Are you ready to token everything?

September 1, 2025

Sign Up And Get $500, Ushering In A New Era Of BTC, XRP, And DOGE Cloud Mining

September 1, 2025

Turning Social Hype Into Token Allocation

September 1, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025
Most Popular

Ethereum price falls 12% in two days. Are investors running out of reasons to hold ETH?

October 3, 2024

Ether Leeum’s (ETH) path (ETH) paths depends on the three major factors that return to $ 2.5K.

March 26, 2025

IBM Research Explores Fundamental Questions with Exploratory Science

July 21, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.