{"id":21494,"date":"2023-08-24T06:41:26","date_gmt":"2023-08-24T06:41:26","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/nft\/solana-pay-joins-shopify-as-new-payment-method\/"},"modified":"2023-08-24T06:41:27","modified_gmt":"2023-08-24T06:41:27","slug":"solana-pay-joins-shopify-as-new-payment-method","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/nft\/solana-pay-joins-shopify-as-new-payment-method\/","title":{"rendered":"Solana Pay Joins Shopify as New Payment Method"},"content":{"rendered":"<div>\n<p class=\"\">Shopify will now be integrating Solana Pay as its newest Web3-native payment solution that will allow merchants to have real-time access to their money while enhancing their digital storefront\u2019s capital, liquidity, and liability protection \u2013 with no middleman or intermediary involved.<\/p>\n<p>Solana Pay is the brainchild of the San Francisco-based tech company Solana Labs that is built on its decentralized Solana network.\u00a0<\/p>\n<p>Known for its high transaction speeds (no waiting for clearinghouses), near-zero fees, and sustainability, Solana Pay has become an industry-preferred tool for helping companies like Shopify scale their businesses to integrate Web3-native payment solutions to provide a better user experience for those who actively use digital currencies.\u00a0<\/p>\n<p>It currently services MonkeDAO, MadLads, Helius, and Solana\u2019s merch store.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-what-this-means-for-shopify\">What This Means for Shopify<\/h2>\n<p>For Shopify users and merchants, Solana Pay not only eliminates bank fees, chargebacks, and holding times \u2013 but also enables immediate, direct payment settlement of USD stablecoins (pegged to our U.S. dollar and not impacted by market fluctuations).\u00a0<\/p>\n<p>Powering millions of businesses in more than 75 countries, Shopify\u2019s platform maintains the trust of numerous industry leading brands, including, but not limited to <em>Mattel, Gymshark, Heinz, Netflix, Supreme, <\/em>and many more. It provides essential internet infrastructures for commerce with integrated tools that allow its users to quickly and reliably have a better shopping experience, while providing its merchants the ability to start, scale, market, and run a retail business of any size.\u00a0<\/p>\n<p>Through Solana\u2019s decentralized platform, Shopify will open up a new avenue of commerce that allows users and merchants the ability to seamlessly utilize a Web3-native payment solution to continue driving revenue streams and long-term innovative growth that isn\u2019t \u201cleft behind.\u201d<\/p>\n<p>Merchants who want to begin implementing Solana Pay in their digital Shopify storefront can visit the Solana Pay website.\u00a0<\/p>\n<p>Earlier this month, PayPal launched its new U.S. dollar-backed stablecoin \u2013 PayPal USD \u2013 marking the first time a major U.S. financial company has created a stablecoin. The Ethereum-based stablecoin, which is issued by Paxos Trust Co., has already begun rolling out to PayPal customers.<\/p>\n<h2 class=\"wp-block-heading\" id=\"h-shopify-plus-merchants-are-about-to-lose-access-to-success-managers\">Shopify Plus Merchants Are About to Lose Access to Success Managers<\/h2>\n<p>In other news, <em>INSIDER<\/em><em> <\/em>reported on Tuesday that Shopify is expecting to revoke the access to its merchant success managers (employees), which will impact approximately 16,000 Shopify Plus merchants.<\/p>\n<p>Shopify Plus, which is the company\u2019s larger platform for its more established brands, offers merchants added features including tax services and B2B and wholesale tools. Its success managers consult with Plus merchants in launching and running their respective digital storefronts.\u00a0<\/p>\n<p>According to an internal company email that INSIDER viewed, Plus merchants will now be required to use Shopify\u2019s \u201cHelp Center\u201d to get in touch with Support staff. Shopify said this isn\u2019t designed to take away from Plus merchants\u2019 experience, but instead, to \u201ctransform [it] to make it more efficient, effective, and provide a better merchant experience.\u201d<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Shopify will now be integrating Solana Pay as its newest Web3-native payment solution that will allow merchants to have real-time access to their money while enhancing their digital storefront\u2019s capital, liquidity, and liability protection \u2013 with no middleman or intermediary involved. Solana Pay is the brainchild of the San Francisco-based tech company Solana Labs that [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21495,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[43],"tags":[],"class_list":["post-21494","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nft"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Solana Pay Joins Shopify as New Payment Method | NFT &amp; Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nftandcrypto-news.com\/nft\/solana-pay-joins-shopify-as-new-payment-method\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Solana Pay Joins Shopify as New Payment Method | NFT &amp; Crypto News\" \/>\n<meta property=\"og:description\" content=\"Shopify will now be integrating Solana Pay as its newest Web3-native payment solution that will allow merchants to have real-time access to their money while enhancing their digital storefront\u2019s capital, liquidity, and liability protection \u2013 with no middleman or intermediary involved. 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