The explosive growth of the eCommerce industry has introduced consumers from all over the world to several ways to shop for their favorite products while saving both time and money. With the integration of options like cryptocurrencies and Buy Now, Pay Later (BNPL), both customers and merchants are exposed to additional benefits.
Sadly, though, not many eCommerce platforms offer their clients these benefits, and that is why @Pay (atPay.io) was launched.
What is @Pay?
@Pay is Sydney-based decentralized finance (DeFi) platform that creates unique payment solutions for shoppers, merchants, and the marketplace, empowering customers to quickly access products they need while still maintaining total control over their finances.
Founded in 2020, @Pay is a relatively new platform in the market, but that does not stop the firm from providing clients with innovative services, becoming a first-of-its-kind platform incorporating three emerging markets — Buy Now Pay Later (BNPL), cryptocurrency, and blockchain technology.
With it, customers can access a wide range of payment options, acquire significant cost savings, and earn rewards while shopping. The platform is also supported by its native cryptocurrency, @Pay tokens that allows holders to participate in the governance of the protocol.
@Pay offers its clients a unique ecosystem, which makes it stand out among its competitors. Some of its features include:
Buy Now Pay Later
The platform allows shoppers to buy whatever products they like with the option of paying later without being charged any interest or late fees. The repayment is split into four parts payable over three months for purchases made both online and in-store.
However, @Pay charges users a $6 account keeping and administration fee every month until the full payment is made.
Crypto Payment Options
@Pay customers can shop and pay for products and services with any approved crypto asset via their @Pay wallet.
This feature allows crypto holders to utilize their digital assets in their everyday shopping activities, thus driving the mainstream adoption of cryptocurrencies.
@Pay Reward Program
@Pay provides a reward program that ensures all contributors to the platform derive maximum benefit. The platform gives users @Pay governance tokens when they promptly complete their repayments.
The @Pay governance tokens can be used in a variety of ways, such as buying into a higher credit limit, serving as a currency to purchase products and services from merchants on the platform, and being able to vote on certain outcomes that can shape the future of the @Pay ecosystem.
Users can also stake their crypto assets, such as Bitcoin, with @Pay, and earn rewards on the amount staked. This reward program ensures that users get to earn while having a thrilling shopping experience.
Access to Global eCommerce Markets
@Pay users also enjoy the benefit of shopping from thousands of online and offline stores via the platform. Customers can choose from the wide variety of stores provided by the platform to make their purchases.
Who Can Use @Pay?
There are two categories of participants involved in the @Pay ecosystem – the customers (consumers) and the merchants.
This group of users on the @Pay platform can participate in different activities, including:
Shop and Earn Rewards
Using @Pay, verified customers can purchase both online and in-store from any of the approved merchants on the platform.
At the checkout point, consumers have the option of paying with fiat, crypto in their @Pay wallets, or the BNPL feature.
They receive rewards in the form of @Pay tokens when they complete repayments, which can also be used for later purchases or gain access to higher purchasing limits.
Users can stake any approved cryptocurrency using the @Pay platform to earn a yield over a selected period. They can also receive @Pay tokens as bonuses and will be able to hold, stake, or transfer their crypto assets using the @Pay wallet.
Merchants can use the @Pay platform to grow and expand their businesses and for other activities, which include:
@Pay gives merchants an allocation of @Pay tokens, which they can use to incentivize their customers via promotions and other marketing campaigns.
Merchants can also use their allocated @Pay tokens to vote on initiatives that will shape the future of the platform.
@Pay allows merchants to access the $2.2 trillion and growing currency class, taking shopping solutions into the digital future.
Inarguably, atPay.io is still relatively new in the ecommerce industry, but it has managed to develop something that several long-standing platforms are yet to do for both shoppers and merchants. Lastly, those looking to enjoy the convenience of online shopping, making payments with their digital assets, and benefiting from BNPL, can take advantage of @Pay’s services.
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