And just like that, it looks like Wise, one of the most popular payment methods on Binance P2P has also been quietly removed from the platform. I'm not sure when this happened exactly since I couldn't find any announcements about it.
I looked around Wise policies and found a section within titled
"Incompatible accounts and payments"[1] where you can read the following:
Types of payments we can't accept
We never accept cash, cheques, or any cryptocurrency (crypto).
You can receive money to your Wise account from a platform that deals with cryptocurrencies — as long as the platform is regulated and/or supervised in the EU or UK.
If you look deeper into their
"Acceptable Use Policy"[2] you will find the following entry as well:
1.2 Unsupported businesses and transactions
We do not support businesses or transactions which are involved in any of the following categories, such businesses or transactions may be declined. While this list is representative, it is not exhaustive, and we reserve our right to deny our services to any customers who exceed our risk tolerance.1.2.2 Financial and other professional services
(...)Companies involved in the exchange or trading of cryptocurrencies, or any other virtual currencies.
Including payments for the purpose of purchasing cryptocurrencies.
I guess that Wise basically blocked any kind of interaction with cryptocurrencies, hence why Binance had to remove it from their available options to prevent further headaches.
[1]
https://wise.com/help/articles/2932118/incompatible-accounts-and-payments[2]
https://wise.com/gb/legal/acceptable-use-policy-eea
