Portal announces Solana Fee Sponsorship for embedded wallets

Portal has added Solana Fee Sponsorship, an important new feature that allows businesses to cover network fees for their users’ transactions. This powerful tool allows companies to offer a smoother user experience, particularly for those new to their product or Web3 generally, who don’t have tokens in their wallet to get started.

The Benefits of Solana Fee Sponsorship

Every transaction on Solana requires a small fee to be paid in SOL. Traditionally, this cost falls on the end user, meaning if they don’t have SOL in their wallet, they must first buy some before they can actually use a product. This process can often be a barrier to user acquisition for businesses, especially for people new to Solana or non-Web3 native users unfamiliar with wallet management or buying and trading tokens. 

Solana Fee Sponsorship allows third parties to sponsor fees such that people can start transacting without having to figure out how to acquire tokens to cover gas. Businesses can:

• Boost user adoption with gasless onboarding
• Enhance customer experience by removing a common technical hurdle
• Enable seamless promotions or free transactions during specific campaigns
• Gain control over user engagement flow by abstracting away blockchain complexity

By incorporating Solana Fee Sponsorship, your business can redefine what accessible and intuitive blockchain experiences look like.

Saving Engineering Effort

Building out fee sponsorship with Solana fee payers can be challenging. It typically involves integrating the functionality, managing fee payer balances through fund transfers and monitoring, and updating every transaction across all wallets to ensure fee coverage. Portal has simplified this process by completely abstracting it away, requiring zero engineering work.

Ease of Implementation

Enabling Solana Fee Sponsorship is a seamless process through the Portal Dashboard. Customers simply activate the feature within the web application and set an allowance to define the maximum amount of SOL they wish to sponsor for that month. Then, at the end of each month, customers receive a bill for the total amount of fees sponsored for their users. And all of this with no engineering work required. This straightforward approach allows businesses to easily manage and control their sponsorship expenses while providing a frictionless onboarding experience for their customers.

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