To reduce risks for all participants, EMCD P2P applies rules limiting the use of third-party payment methods.
What Is Considered a Third-Party Payment?
A third-party payment occurs when funds are sent by someone other than the user participating in the order.
Examples include:
The transfer is made by someone other than the account holder
Funds are sent from a card, bank account, or wallet that is not registered to the user listed in the order
Payment is made through intermediaries, exchange services, or payment processors
Payment is made or received by another person or entity on behalf of the user, including a friend, client, or company
In all such cases, the source of funds is not directly associated with the order participant.
Risks of Third-Party Payments
Using third-party payment methods creates additional risks for both buyers and sellers.
Inability to Verify the Source of Funds
The platform cannot reliably determine who actually initiated the transfer. This violates the principle of direct settlement between order participants and makes transaction verification more difficult.
Risk of Payment Reversals or Disputes
If a transfer is made by a third party, the sender may attempt to dispute or reverse the transaction through their bank or payment provider.
In such cases, sellers risk losing both the cryptocurrency and the funds received.
Increased Fraud Risk
Third-party payments are frequently used in fraudulent schemes, including:
Transfers from compromised accounts
Use of intermediaries or nominee parties
Chargeback schemes
Triangular payment schemes
Complications During Dispute Resolution
If the sender's name does not match the information provided in the order, support may have difficulty verifying the transaction details and resolving the dispute fairly.
As a result, such transactions often require additional review.
EMCD P2P Rules
To improve transaction security, EMCD P2P applies the following requirements:
The payment sender's name must match the name registered on the account
Third-party payments are considered a violation of platform policy
Accounts involved in such transactions may be subject to restrictions in accordance with platform policies
During dispute resolution, only verified transfers between order participants are considered
Compliance with these rules helps reduce the risk of fraud and disputes.
Buyer Responsibilities
When purchasing cryptocurrency, only payment methods registered to the buyer should be used.
To help improve transaction security:
Send payments only from accounts registered in the buyer’s name
Do not use cards, bank accounts, or wallets belonging to third parties
Do not arrange for payments to be made by third parties
Verify payment details carefully before sending funds
This helps avoid delays, disputes, and additional verification procedures.
Seller Responsibilities
Before confirming payment, verify that the funds were received from the buyer listed in the order.
Recommended actions:
Verify the sender's name before confirming payment
Do not release cryptocurrency if the sender's information does not match the order details
Do not accept payments from third parties
Open a dispute immediately if suspicious activity is identified
Verifying sender information helps protect transactions from fraud and future claims.
What to Do If You Receive a Third-Party Payment
If funds are received from a sender who is not listed in the order:
Do not automatically confirm payment
Request clarification from the buyer for an explanation through the order chat
Retain the chat history and payment confirmation
Open a dispute if the situation raises concerns
Until the review is complete, cryptocurrency should not be released from escrow.
Consequences of Violating the Rules
If third-party payments are detected, the platform may apply additional security measures.
Depending on the circumstances, these may include:
Order cancellation
Restrictions on P2P account access or functionality
Temporary withdrawal restrictions
Additional account verification
Other measures in accordance with platform policy
The specific action taken depends on the details of the transaction and the outcome of the review.
Important
Third-party payments significantly increase risk in P2P trading and make participant protection more difficult.
For safer trading, follow a simple principle: one order, two participants, one direct transfer.