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Can I use third-party payment methods on El Dorado P2P?

Tutorial

Many users ask us if it is possible to use third-party payment methods on El Dorado P2P to buy or sell USDT.

In this article, we explain everything you need to know about payments with third-party accounts on El Dorado and the security considerations you should keep in mind.

Can I buy USDT with a third-party payment method on El Dorado?

Using third-party payment methods to buy USDT on El Dorado P2P is not allowed.

The main reason is to prevent triangulation, a risky practice that can affect both buyers and merchants within our platform.

If you want to buy USDT securely, we recommend that you always use a payment method registered in your name. This will reduce risks and ensure that the transaction is completed without issues.

Can I sell USDT with a third-party payment method on El Dorado?

Although it is not recommended to sell USDT using third-party accounts, in exceptional cases, you can link a third-party payment method when making a P2P transaction.

However, the final decision lies with the merchant. That is, the merchant can accept or reject the transaction if they detect that you are using a payment method that is not registered in your name.

🔹 Tip: Before making a P2P sale with a third-party payment method, carefully review the merchant’s terms and conditions to avoid issues during the transaction.

How does El Dorado control transactions with third-party accounts?

At El Dorado P2P, security is our priority. That’s why we implement measures to ensure secure transactions and prevent fraud.

📌 KYC Verification and Data Matching

When registering a payment method, personal data will automatically be completed with the information verified in your KYC (Know Your Customer) process.

This ensures that the bank account or wallet used matches the identity of the user making the transaction.

📌 Use of Third-Party Payment Methods

If you wish to operate with a third-party account, you must register it in the app beforehand.

The merchant handling the order will see that it is a third-party payment method and can decide whether to accept or cancel the transaction.

⚠️ Important:

  • You can only use third-party payment methods to sell USDT.
  • You cannot register third-party payment methods to buy USDT.

Buy and sell USDT quickly and securely on El Dorado P2P. Download our app on iOS or Android and enjoy all the benefits of our platform today!

This article is intended solely for general information, education, and discussion purposes; it is not an offer, incentive, or solicitation of any kind and should not be considered as legal, financial, investment, tax, or any other type of advice. This article is not directed at, and the information contained herein is not intended for distribution or use by any person or entity in any jurisdiction or country where such distribution, publication, availability, or use would be contrary to law or regulation or is otherwise prohibited for any reason or would subject El Dorado and/or its affiliates to any registration or licensing requirement.

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CONTENT DISCLAIMER: References made to third-party names, logos, and trademarks on this website are to identify the corresponding goods and services that users of El Dorado may exchange through P2P transactions facilitated by El Dorado. Unless otherwise specified, trademark holders are not affiliated with El Dorado, our products or website, and do not sponsor or endorse El Dorado services. Such references are included strictly as nominative fair use under applicable trademark law and are the property of their respective owners. El Dorado Labs S.R.L.- Virtual Asset Service Provider (PSAV) registered under No. 63 dated August 5, 2024 in the CNV Registry of Virtual Asset Service Providers.