Solana Pay is a next-generation payment protocol built on the Solana blockchain, designed for fast, inexpensive, and direct acceptance of digital payments between businesses and customers. Unlike traditional acquiring solutions and many crypto platforms, Solana Pay eliminates intermediaries, providing instant settlements and full control over funds.
For businesses, Solana Pay opens access to Web3 payments with minimal costs and high scalability.
What is Solana Pay
Solana Pay is an open-source protocol that allows accepting payments in cryptocurrencies and stablecoins (USDC, SOL, etc.) directly to the seller's wallet.
The key feature is that the payment occurs peer-to-peer, without payment gateways, banks, and processing centers.
Payment is initiated:
via QR code,
payment link,
integration into a website, online store, or POS system.
Key benefits of Solana Pay for business
1. Minimal fees
The Solana network fee is a fraction of a cent, which is significantly cheaper:
bank acquiring,
Visa / MasterCard,
classic crypto payment gateways.
2. Instant settlements
Transaction confirmation takes less than 1 second, with no holds or delays in fund withdrawal.
3. Absence of intermediaries
Funds arrive directly to the company's wallet, without:
freezing,
chargebacks,
account blocking.
4. Global payments
Solana Pay allows accepting payments from customers:
from any country,
without currency restrictions,
without banking infrastructure.
5. Transparency and on-chain accounting
All transactions are recorded on the blockchain:
easily integrated into accounting,
can be used for auditing and reporting.
Supported assets
Most common assets for business:
USDC (main payment asset)
SOL
other SPL tokens
NFTs and tokenized assets (within custom scenarios)
Use cases for Solana Pay
1. Online stores and marketplaces
accept payments without acquiring;
integration with Shopify, custom CMS, and Web3 sites;
automation of order confirmation.
2. Offline business (cafes, stores, services)
payment via QR code;
instant fund crediting;
absence of terminals and equipment rental.
3. Services and B2B settlements
payment for consulting, subscriptions, service contracts;
international settlements without banks;
fixed cost without exchange losses (USDC).
4. Web3 projects and startups
sale of NFTs and digital products;
subscription models;
DAO payments and smart contracts.
Solana Pay vs traditional acquiring
Parameter Acquiring Solana Pay
Fee 2–4% < 0.01 USD
Speed 1–3 days < 1 second
Chargebacks Yes None
Geography Limited Global
Fund control With bank With business
Legal and operational aspects
For businesses, it is important:
accurately reflect cryptocurrency payments in accounting;
consider local legislation on digital assets;
use stablecoins (USDC) to minimize volatility.
Solana Pay can be integrated:
directly into the corporate wallet,
through a payment provider,
within the Web3 infrastructure of the company.
The future of Solana Pay
Solana Pay is seen as one of the basic standards for Web3 payments due to:
high throughput of the Solana network;
growth of USDC as an on-chain dollar;
interest from retail, e-commerce, and DeFi.
In the future, Solana Pay will become an alternative to traditional acquiring for digital and international business.
Conclusion
Solana Pay is a strategic tool for companies that:
operate in the global market,
want to reduce payment costs,
strive for independence from banks and intermediaries,
implementing Web3 solutions into business processes.
For businesses, Solana Pay is not just a way to accept cryptocurrency, but a new payment infrastructure.
