- Paysafe Payment Solutions Limited, Binance’s current banking partner for EUR transactions, will cease support after September 25.
- Users need to update their banking details and accept new terms for EUR deposits on Binance after September 25.
- Binance faces regulatory backlash and legal action, leading to its withdrawal from certain countries.
After September 25, Paysafe Payment Solutions Limited, Binance’s current banking partner for EUR transactions, will no longer provide support to the cryptocurrency exchange.
A Binance spokesperson shared,
Binance will be changing the provider for EUR deposits and withdrawals via Bank Transfer (SEPA). Our current partner, Paysafe, will no longer be providing these services to Binance users from 25th September 2023.
Binance rep
According to a Binance spokesperson, users must update their banking details for depositing funds into their Binance accounts after September 25. They may also need to accept new terms and conditions to continue utilizing SEPA services beyond this date.
SEPA, which stands for Single Euro Payments Area, is a payment network designed for euro transactions across the European Union, facilitating seamless cross-border payments.
