Payercoins
Helping Individuals and SMEs Accept Global Crypto Payments
Payercoins helps individuals and SMEs accept payment with Bitcoin and other cryptocurrencies from customers anywhere in the world.
My Role
Position
Lead Product Manager
Key Responsibilities
UX/UI Design Review, System Design Review, Product Strategy, Product Management, Project Management, User Testing
The Challenge
Global Payment Barriers
Many businesses have lost customers because of the uneasiness that comes with making payments, especially when it comes to global payment. A lot of African creatives, freelancers, software developers, product designers, and product managers find it difficult to accept international payments.
High Transaction Fees
Transacting online via mobile banking or credit cards can be highly demanding. There are debit and credit card fees, ATM fees, checkout fees, transfer fees, foreign transaction fees, and these extra charges are inevitable.
The Solution
Build a payment platform for businesses to receive payment from anywhere in the world using cryptocurrency, eliminating high fees and global payment barriers.
My Approach For Building Payercoins
Industry Research
The first step was to do some industry research, understanding the product offerings and structure. I concluded market research using 5 similar products that includes direct competitors and indirect competitors.
User Research
The second step was to talk to some potential users of the product. As the product manager, I engaged people in a quantitative survey and selected people to do deeper interviews.
Payercoins Features
Building solutions that empower businesses globally
Payment Page
This feature allows users to create a one-time payment link they can share to receive payment from anyone. Customers enter the information for the payment which includes:
Donation Page
What do you do if you have someone who wants to donate to a good cause but does not have funds in a fiat currency and does in cryptocurrency knowing fully well that the conversion rate is high? This is the reason why the donation feature was created.
The donation feature allows people to donate from anywhere in the world. One of the unique features is to allow your customers to pay you anonymously.
E-commerce Store
Sole proprietors and SME business owners through this feature have a unique ability to display their goods and services. This feature allows users to upload all their products and create a shareable link for their customers or potential customers to check out their store.
The conceptualization of this feature idea came because I was trying to find more ways to create visibility for business and that way we can have more inflow into the product. In other words, scale your business to accept payment from anywhere in the world by having your online store with Payercoins.
The feature has four (4) layers to it:
Create Store
This section allows customers create a storefront with a shareable link.
Store Overview
This section allows users to see their total earnings, total quantity of sales, sales order history, etc.
Store Product
This section of the feature allows users to add, edit and delete products from a store.
Store Public Page
This feature allows external customers see the storefront/store shop of a Payercoins user.
Product Screenshots
Dashboard Overview
Payment Page
Donation Feature
E-commerce Store
Orders Management
Platform Interface
Building Payercoins API
Goal
You can use Payercoins API to accept cryptocurrency payments on your product website or business platform after integration.
My Approach
Identify Pain Points
One of the first things I did was to identify the pain points the API will address which is to reduce difficulty for African business owners, freelancers and SME owners to receive global payments and in extension helping businesses globally receive payment.
Design Flow Chart
The second thing I did, was to design a flow chart to show the API payment flow. I had to use a pen and paper to complete this.
Plan Core Features
The third thing I did was to plan for the core API gateway infrastructure feature using MOSCOW prioritization framework.
Design API Endpoints
I worked closely with the engineering team to design the API endpoints including /initiate-payment, /validate-user, /calculate-fees, /confirm-payment.
Ensure Security
I ensured the API is secure with best practices like OAuth for authentication, SSL/TLS encryption, and token-based authentication for transactions, followed by robust API documentation.