Helio Pay: Reinventing Payments.

With instant, cheap, and secure Payment solutions.

Optimus Prime
3 min readJun 27, 2024

This document ONLY details reference aspect of the content created on Helio Pay

Heliopay is a payment solution that allows brands and businesses to accept crypto payments easily with its easy-to-integrate Solana pay plugin.

According to Statista, Visa controls over 80% of the UK and Ireland card network market—millions of cards, including contactless—and incurs 2–3% fees on every transaction.

This means payment fees are incredibly high for businesses on average.

While crypto payments seem like a direct solution, it wasn’t until the partnership between Solana and PayPal that transactions and payments with PYUSD for as low as $5 became feasible.

In May, approximately $4 million in USDC transactions on Solana included values between $5 and $10 per transaction. Notably, transactions of $5 and lower accounted for about 18% of the transaction volume on Solana since January, according to Flipside analysis by Jor-el.

Jor-el

Helio Pay's impact is substantial, with a 98.09% transaction success rate, 99.99% historical uptime, over 5,000 integrated sellers, and over 400,000 unique active wallets.

This is particularly beneficial for businesses in the UK, which face multiple fees, including interchange, card processing, and scheme fees, averaging 0.8% to 2.9%.

In contrast, the average transaction fee on Solana in the last 30 days was only $0.02. With Helio Pay, online brands on Shopify and WooCommerce can significantly reduce payment fees and process more transactions—flipside analysis by Jor-el.

Jor-el

The most exciting case study on how Helio Pay solves payment problems is with the Solana Saga phone launch, where they made $20m+ in sales and saved up to $600k in fees because they used Helio’s Solana Pay and Shopify plugin and paid $0$.

Shopify powers over 1.7 million businesses, while WooCommerce powers over 3.9 million stores globally.

Solana handles about 2,000 transactions per second (TPS) on average, but it has been processing around 16,000 TPS in the last 30 days. Solana’s capacity can reach up to 65,000 TPS, showcasing its potential — Dune analysis on Helio Pay by Author.

Author

Conclusion

Integrating Helio Pay’s crypto payment solutions allows vendors to streamline payment processes, reduce operational costs, and attract a broader audience.

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Optimus Prime
Optimus Prime

Written by Optimus Prime

DR Copywriter and Growth Marketer Helping Web3 scale with Growth Marketing Strategies. I write about Growth Marketing, Defi and Web3

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