Xion Global – Offering a Range of Crypto Billing Solutions
E-commerce is a multi-billion dollar industry and grew beyond expectations during the COVID era. The meteoric growth of the industry currently accounts for the massive revenue generated by popular e-commerce platforms such as Amazon, eBay, Shopify. In Q2 of 2021 alone, the leading e-commerce business, Amazon reportedly generated $113.1 billion. Other businesses in the sector have had their numbers shoot up as well.
However, as with all large-scale industries, certain challenges have somewhat impeded the stable growth of the industry. One major challenge is limited payment options. Several retailers who own stores on e-commerce platforms usually have to make do with the limited and high-cost payment means available. More often than not, consumers end up being the victims as they have to pay for the cost of the goods alongside exorbitant fees using their cards.
Building a Web3 payment portal with premium benefits such as cross-chain functionality, loyalty programs and cashback rewards, Xion Global is changing the scope of payments in e-commerce. Xion Global is poised to be a Web3 Stripe facilitating payments for thousands of merchants and their customers who often shop for items on online stores.
Capitalizing on the low-cost incentive of
cryptocurrencies, Xion Global will be presenting a wide range of crypto payments options available to merchants. These payment methods were meticulously created and designed to cater to the ever-expanding needs of merchants and shoppers. Xion Global is a next-generation payments portal with major interests in the e-commerce and finance industries.
What’s more is that merchants can set up these payment options themselves, customizing them according to their preferences. Currently, there are no other platforms like Xion both in e-commerce and finance providing merchants with numerous payment solutions to charge their customers. Thus, Xion is blazing a trail, so to speak, with its unique service offerings.
Xion Global recently announced the launch of its beta payments platform which has seen the onboarding of a few merchants who will set up their stores and try out the platform for the next few weeks. Crypto payments are receiving mainstream adoption already and Xion Global is looking to utilize this opportunity in bringing adoption to e-commerce.
In light of this, to accept payments as a merchant on Xion Global’s payments platform which is still in its beta phase, you need to create a checkout button for your store and set up your preferred billing type. Each merchant’s payment type will consist of the following;
- Checkout Button
Xion Global offers retailers the ability to create & customise checkout buttons to suit their stores’ looks and also include a host of other tools. In this instance, merchants are in charge of the billing type, unlike the traditional e-commerce industry where they have no choice over the payment options their customers are allowed to use.
Merchants will also have a wide variety of options over colours they intend to adopt for their billing type. This would help contribute to the conversion rates in terms of patronage. Shoppers are more likely to develop a liking for merchants who feature colours they can relate with on their payment gateway.
Merchants can change the sizing to fit with their offerings
Add tags to let customers know if there is loyalty or choose any other desired tag to let customers know what they can pay with.
Change the wording on your checkout button to match your offer is also permitted
Merchants can select pill or box shape
- Simple integration
With just 2 lines of code, you can paste your checkout button on any store or website to monetise content and receive payments for products or services.
Merchants can also select whatever form of payment they want for their goods or services. These forms of payments include:
Xion Global Offers you the ability to create checkout buttons or unique URLs to accept once-off payments for your products or services. With single billing, your customers will be able to get cashback on their purchases when they checkout with xDAI. Additional currencies will be introduced in the coming months as planned in the roadmap. Below is how to set up a checkout button for the single billing option:
Step 1: Add Product/Service Name
Step 2: Input Pricing
Step 3: Add custom shipping price or leave as free shipping
Step 4: Add the URL of the store that you will be selling your product or service
Step 5: Select category and physical or digital product
Step 6: Customize the checkout button to suit your store’s look and feel, then copy 2 lines of code and paste them onto your store for the checkout button to display. Alternatively, copy the URL and send it directly to the customer to pay.
Offers you the ability to create checkout buttons or unique URLs to accept ongoing subscription payments for your products or services. With subscription payments, your customers will be eligible to participate in the loyalty program where the customer can get compounding discounts every month until the max limit is reached, which is set by the merchant. If you are setting up the recurring billing options, you can follow the steps below:
Step 1: Select Recurring Billing
Step 2: Activate Loyalty – Drag the cursor to the desired maximum discount you would like to offer your customers over the longest period.
Step 3: Add Product/Service Name
Step 4: Input Pricing
Step 5: Add custom shipping price or leave as free shipping
Step 6: Add URL of the store that you will be selling your product or service
Step 7: Select category and physical or digital product
Step 8: Select billing type – Daily, Weekly, Monthly or Yearly.
Step 9: Customize the checkout button to suit your store’s look and feel, then copy 2 lines of code and paste them onto your store for the checkout button to display. Alternatively copy the URL and send it directly to the customer to pay.
Offers you the ability to set up custom payment types for recurring billing payments. You can choose how many payments you would like to accept over a period. For example, you can select daily and input 10 to accept a maximum of 10 payments for the next 10 days or choose monthly and input 12 to accept 12 payments for a maximum of 1 year. This can work well for merchants who are offering property rentals, services or instalments for their offerings.
With all of these functions, Xion is covering all aspects that traditional payments offer merchants and consumers but for crypto payments. Think of Xion as the Stripe for Web3/Crypto.