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Having multiple types of online payment methods is essential for any online merchant to reach a wide customer base. Companies that expand to other countries must accept regional currencies for enabling simplified payment for new customers in those countries. In that regard, cryptocurrencies are the most viable options to include in the online payment methods.
WooCommerce, an open-source eCommerce plugin, became popular for online merchants using WordPress. With many websites accepting cryptocurrencies like Dogecoin for online purchases, integrating crypto payment gateways into the WooCommerce platforms became essential. It not only provides multiple payment options but also attracts a new customer base who are willing to pay in terms of crypto.
But, what are crypto payment gateways? And, how to set up a crypto payment gateway on WooCommerce? This article answers all your questions on adding crypto payment gateways on WooCommerce.
Crypto payment gateways enable online merchants and businesses to accept payments in terms of cryptocurrency. They act as an interface between WooCommerce merchants and the customers to process crypto payments. Some of the best crypto payment gateways include Coinbase Commerce, BitPay, Binance Pay, Now Payments, PayPal, CoinPayments, and DePay.
When businesses integrate crypto payment gateways, they can accept payments from virtually anywhere, at any time, irrespective of their location and regional currency. Additionally, WooCommerce is already a widely-used eCommerce plugin by online businesses and integrating crypto payment gateways further increase the adoption of WooCommerce businesses. Many crypto payment gateways are specifically designed for WooCommerce businesses to help them process crypto transactions.
Using crypto payment gateways on WooCommerce platforms have many advantages like reaching a wider audience and proceeding transactions faster. However, they also have certain disadvantages like volatility and unclear regulations.
WooCommerce online businesses can integrate Coinbase Commerce using the Coinbase Commerce plugin, enabling them to accept crypto payment from customers easily. Let us look at the step by step process of setting up a crypto payment gateway on WooCommerce.
Congratulations, you can now accept crypto payments through Coinbase Commerce on your WooCommerce website!
Accepting crypto payments on WooCommerce is one of the best payment methods to improve business sales. One of the primary ways the payment gateways assist WooCommerce businesses is by reaching a wider audience. It is important to do your own research and find reputable crypto payment gateways to avoid potential risks in the future!
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