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sarah mokoena
sarah mokoena

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The Folly of Relying on Traditional Payment Platforms for the African Creator Economy

The Problem We Were Actually Solving

When our platform began to gain traction with African creators, we encountered an unexpected problem. Many users were unable to receive payments through traditional platforms due to restricted market access and geographic limitations. This led to user churn and frustrated customers. The more we dug, the more we realized that traditional payment platforms were not designed with the nuances of emerging markets in mind.

What We Tried First (And Why It Failed)

Initially, we attempted to bypass these limitations by implementing multiple payment gateways (MPGs) on our platform. We integrated with every available payment method in the hopes that someone, somehow, would magically be able to receive payments. However, this approach ultimately led to a cluttered user experience, increased complexity, and even more user churn. MPGs required endless configuration, debugging, and maintenance, not to mention the hefty fees associated with each individual gateway.

The Architecture Decision

After months of experimentation and frustration, we made a critical decision. We would build our own unchained commerce solution, decoupling payment processing from traditional platforms. This required a custom-built payment processing engine that could handle local African payment networks, mobile money, and other unique payment methods. It was a daunting task, but one that ultimately gave us control over the payment experience and removed the geographical restrictions that had been frustrating our users.

What The Numbers Said After

Following the implementation of our unchained commerce solution, we saw a significant increase in user engagement and conversion rates. Our payment process became seamless, and users were able to receive payments without the hassle of geographic restrictions. Our metrics showed a 30% increase in user retention, a 25% boost in average order value, and a decrease in customer support tickets by 40%. These numbers validated our decision to break free from traditional payment platforms.

What I Would Do Differently

In retrospect, I wish I had prioritized building our own unchained commerce solution from the beginning. This would have saved us months of frustration and countless engineering hours. However, I would also take a more nuanced approach to integrating multiple payment gateways. While it may not have been the best solution, it did expose us to the complexities of payment processing and the importance of catering to local payment networks. In the future, I would invest more time in researching local payment methods and exploring partnership opportunities with niche payment providers. After all, in the world of digital commerce, the most effective solutions are often those that tailor themselves to the unique needs of emerging markets.

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