How to Apply for P2P Merchant Status
Unlock higher trading limits, verified merchant badge, and priority support by qualifying as an Midas P2P merchant.
Merchant status is for people running P2P as an operation rather than an occasional trade: better visibility, higher limits, and a badge that makes counterparties pick you. It is granted against completion rate, volume and dispute history, and it is kept the same way — the standard applies continuously, not just at application.
Before you start
- A trading history that meets the published thresholds — volume, completion rate and dispute record.
- Full identity verification and reliable payment methods.
- Capacity to respond quickly. Slow responses cost merchants their status faster than anything else.
Check Eligibility Requirements
Navigate to P2P Trading > Merchant Program > Check Eligibility. Requirements typically include: completed advanced KYC, minimum number of completed P2P trades, high completion rate (usually 95%+), low dispute rate, and a minimum account age.
Submit Your Application
If eligible, tap 'Apply for Merchant Status'. Fill in the application form with details about your trading volume, business information (if applicable), and additional verification documents. Describe your experience and capacity for high-volume P2P trading.
Await Review
The merchant application is reviewed by the Midas compliance team. This process may take several business days. You will receive updates via email and in-app notifications. Additional documentation may be requested during the review.
Access Merchant Benefits
Once approved, you receive: a verified merchant badge visible on your profile and ads, higher daily trading limits, priority in ad rankings, access to the merchant dashboard with advanced analytics, and dedicated merchant support.
Maintain Merchant Status
Merchant status requires ongoing performance standards. Monitor your metrics on the Merchant Dashboard: completion rate, average release time, dispute rate, and monthly volume. Falling below requirements may result in a warning or removal of merchant privileges.
If something goes wrong
- The application was declined.
- The decline names the criterion you missed. Build that metric — usually completion rate or volume — and reapply rather than resubmitting the same record.
- Merchant status was withdrawn.
- Standards apply continuously. A run of cancellations, slow releases or disputes will end it; the route back is the same as the route in.
- Response time is dragging your metrics down.
- Enable order notifications and treat them as the priority they are. Response time is the metric most merchants lose status on, and it is the easiest to fix.
Frequently asked questions
- What does merchant status give me?
- Prominence in the marketplace, higher limits, and a verified badge. In practice the badge is what moves order flow.
- Does it cost anything?
- Merchants trade on their own fee terms; the fee schedule sets them out. There is no fee for the badge itself.
- Can I lose it for one bad trade?
- One disputed trade will not usually end it. A pattern will.
- Do merchants get better fees?
- Merchant terms are set out in the fee schedule. Volume rather than the badge is usually what moves the rate.