May 30, 2024
As digital commerce continues to accelerate, the adoption of cryptocurrency payments offers a solution to typical high transaction fees. Helio leverages the Solana blockchain and provides an alternative solution through its Solana Pay plugin on Shopify, reshaping transaction processing in the e-commerce landscape.
Empowering Solana Mobile's Launch
The recent debut of Solana Mobile’s Chapter 2 device marked a significant milestone in our journey to redefine e-commerce payments. By leveraging Helio’s Solana Pay Shopify plugin, Solana Mobile saved over $1,000,000 in fees compared to traditional payment methods, showcasing the efficacy of our solutions in alleviating financial burdens for businesses.
Key Advantages of Our Shopify Plugin
Low Fees: The decentralized nature of the Solana enables our plugin to operate without traditional financial intermediaries, significantly reducing fees.
High Transaction Success Rate: With a 98% success rate, our plugin ensures reliability comparable to traditional payment methods.
Rapid Adoption: Over 200+ Shopify stores embraced the plugin within the first three months, highlighting its seamless integration and immediate benefits.
Scalability: Designed to efficiently handle high volumes, the plugin supported more than 20 sales per second during peak times, ensuring smooth product launches.
Future Shopify Plugin Developments
Since taking over the plugin in January 2024, Helio is optimizing Solana Pay within Shopify, and will offer broader token support and add advanced web3 features such as token gating, automated know-your-buyer and security, single-tap purchasing, NFT receipts, and more.
Addressing E-Commerce Payment Challenges
The e-commerce sector has grappled with challenges such as high processing fees, slow settlements, and limited cross-border accessibility. Helio tackled these issues head-on by harnessing blockchain technology through Solana.
Results and Impact
The impact of Helio’s Solana Pay plugin on Shopify was highly successful. Solana Mobile's Chapter 2 device launch witnessed impressive sales, with transactions predominantly processed through the plugin, demonstrating its real-world effectiveness. By February 2024, over $1,000,000 was saved in fees compared to traditional methods, underscoring the cost-efficiency of our solution. In April 2024, Solana Mobile turned off traditional payments completely and is now exclusively Solana Pay for payment.
4 Easy Steps for Merchants to get started:
Sign Up for Helio Visit Helio's website and sign up for an account with your email or wallet. The process is quick and straightforward, providing immediate access to all of Helio's features.
Integrate with Your E-commerce Platform Helio offers plugins for Shopify and WooCommerce and API integration options for all e-commerce platforms on any website or app. Follow Helio's documentation to integrate Helio's payment gateway into your online store seamlessly.
Configure Payment Settings Customize your payment settings according to your business needs. Choose whether to hold cryptocurrencies or convert them to fiat currency instantly.
Start Accepting Crypto Payments Once set up, you can start accepting cryptocurrency payments from customers worldwide. Helio's support team is available to assist with any questions or issues during the integration process.
Conclusion
Helio’s innovative approach to e-commerce payments with the Solana Pay plugin has demonstrated substantial benefits, including significant cost savings, high transaction success rates, and robust scalability. The successful launch of Solana Mobile's Chapter 2 device underscores the practical impact and efficiency of these solutions. By continuing to evolve and address key industry challenges, Helio is set to redefine the future of digital payments.