Binding of bank accounts

Payee’s bank account

1. What is the payee’s bank account?

The payee’s bank account refers to the bank account bound by the user when withdrawing fiat currency from BiyaPay to the bank account. When the user withdraws fiat currency from BiyaPay, the bank account filled in is the payee’s account, which will receive the fiat currency funds withdrawn from BiyaPay.

2. How to bind the payee’s bank account

• 2.1 There are two ways to bind the recipient’s bank account: [Personal Center] binding and [Remittance Page] binding
  

• 2.2 Select “Individual Payee” or “Commercial Payee”
  Individual payee needs to add bank account info, personal information, and the personal payee’s ID card or passport.
  
  Commercial payee needs to add bank account info and business information
  

Payer’s bank account

1. What is the payer’s bank account?

The payer’s bank account refers to the bank account used by the user to transfer fiat currency from the bank account to BiyaPay. The bank account used by the user during the remittance operation is the payer’s account, which is used to pay fiat currency funds to BiyaPay.

2. How to bind the payer’s bank account

[Personal Center] Select [Bank Account] to bind