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Offer more flexibility and broaden your prospective customer base by providing cryptocurrency as a payment method alongside any other payment providers. Give your customers the option to pay with digital currencies such as Bitcoin , Ethereum , and USD Coin , with the freedom of accessing your earnings in digital or local currency.
Tap into new markets, eliminate chargeback fees, and provide a new way to pay when you accept crypto payments using WooCommerce. An estimated million people worldwide hold cryptocurrency. Take payment from anyone, virtually anywhere, at any time. No need to wrangle local currency set up ï¿½ crypto operates without borders. Experience lower transaction fees when you accept crypto payments. Plus, your earnings will reach your account within minutes ï¿½ not days. With WooCommerce, you have a number of options available to accept crypto payments on your store.
Read up on how to select a crypto payments provider , or explore our cryptocurrency partners. Coinbase supports payments from all crypto wallets, and also enables you to send invoices to get paid in crypto. Securely accept Bitcoin payments, without being exposed to price volatility.
Benefit from lightning-fast transaction processing and payouts with the global leader in Bitcoin processing. Accept any crypto tokens ï¿½ directly into your Web3 wallet ï¿½ with immediate conversion to the token of your choice.
Plus, you can provide a flexible and speedy experience to your customers with a one-click checkout process. A market leader in integrating cryptocurrency into the traditional payments system, HAYVN is a fully regulated option for accepting crypto payments.
Tap into new markets by offering crypto, while continuing to receive your earnings in fiat currency. This is partly because it makes it easier to pay and receive payment by removing the need for a third party such as a bank.
The manual process for Bitcoin payments is actually very simple, initiated by the customer facilitating a payment from their crypto wallet. Alternatively, businesses can generate a QR code for customers to scan and make the payment that way. PayPal has recently added a new feature that allows people to pay PayPal-affiliated merchants with cryptocurrencies. If your business is a part of the PayPal network, you will be able to accept Bitcoin payments.
But it does work well for any company that wants to provide the Bitcoin payment option to customers without worrying about fluctuations in cryptocurrency value. There are multiple dedicated Bitcoin payment processors which have varying methods of processing a Bitcoin payment.
Most charge between 0. The popular processors that let you accept Bitcoin payments are:. BitPay is one of the most well-known cryptocurrency payment processors. It provides a variety of tools that can integrate with a website to simplify the Bitcoin payment acceptance process. These tools include hosted checkout, payment buttons and invoicing. Your customers will be able to make payments through your website or by email, and even in person.
CoinBase is a popular marketplace for trading Bitcoin and other cryptocurrencies, and their CoinBase Commerce product lets businesses accept Bitcoin payments themselves. They provide everything you need to accept Bitcoin payments such as hosted checkout pages, payment buttons and invoicing. CoinPayments has been helping businesses accept cryptocurrencies all over the world for the best part of a decade. It has established a reliable reputation as a Bitcoin payment processor for both online and in-person transactions.
It offers a variety of excellent plug-ins and integrations and only charges 0. GoCoin has been around just as long as CoinPayments and is also well established as a reliable Bitcoin payment processor. TripleA is moving into its fourth year helping businesses accept cryptocurrency payments.
Its unique approach offers a developer-focused approach with plenty of flexibility. It enables businesses to accept Bitcoin payments online, by email and in person, as well as providing tools for invoicing and remittance. Another relatively new crypto payment processor is NowPayments.
It charges a nice low fee as most processors do, and its Bitcoin payment processing method is very easy to understand and get to grips with. It offers a huge range of crypto currencies and lets you exchange them into a currency of your choosing. Find out how GoCardless can help you with ad hoc payments or recurring payments. What is conversational ecommerce and how does it work? Skip to content menu Open site navigation sidebar. Why GoCardless? For use case. Our customers.
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TripleA offers a developer-focused approach to accepting cryptocurrency payments, with a lot of flexibility, including accepting payments for e-commerce, point-of-sale, invoicing and remittance.
On the e-commerce front, TripleA integrates with Shopify, WooCommerce and OpenCart, and it offers a simple merchant dashboard that allows you to track orders and payments, reconcile accounts and perform refunds all in one place.
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COï¿½ BrandStudio. Looking for your local chamber? Chamber Finder. Interested in partnering with us? Media Kit. Run ï¿½ Technology How to Accept Bitcoin Payments With so many people using cryptocurrencies like Bitcoin, businesses should consider accepting crypto payments from customers. By: Sean Ludwig , Contributor Share. As cryptocurrencies gain more traction, small businesses can capitalize on this payment trend by enlisting the help of an online payment processor.
BitPay One of the largest companies in the world enabling businesses to accept cryptocurrencies as payment is Atlanta-based BitPay. Inventory Management Terms.
Improve your Supply Chain. How to Choose Suppliers. Online Payment Security. Run Inventory in Excel. Hardware Essentials. Future Value Formula. We are committed to sharing unbiased reviews. Some of the links on our site are from our partners who compensate us. Read our editorial guidelines and advertising disclosure. Small businesses across the US are starting to find ways to capitalize on the rise of cryptocurrency, but many are stumped on how exactly to begin accepting crypto payments. Fortunately, there are quite a few options available on the market today.
Stripe is a particularly good option because of its global reach and support for numerous cryptocurrencies, including Bitcoin, Litecoin, Ethereum, and many others. This versatility makes it easy for your business to provide a wide variety of payment options to your customers, regardless of their preferred cryptocurrency.
It's important to note that using Stripe requires some programming know-how. Stripe allows you to design your own personalized payment processor using their API. This is great because it offers a lot of flexibility, but can be difficult to use if you don't have your own programming expertise or access to a programming expert.
These brands specialize in helping businesses accept cryptocurrency payments, and they make it very easy to integrate this functionality into your business website or online store. These platforms also allow you to accept multiple types of cryptocurrencies as payment for goods and services, which offers a lot of flexibility for your customers. With BitPay, you can also avoid the volatility of cryptocurrencies. Since the value of digital currencies can fluctuate so much, you may want to use a processor that will immediately convert the crypto into fiat currency.
BitPay does this automatically for all transactions. Not all cryptoprocessors have this functionality, but that may be OK if you're looking to increase your own holdings in cryptocurrency. That said, you may decide to only allow customers to pay you in the particular type of cryptocurrency that you deem most stable.
The best cryptocurrencies to accept as payment will depend on your business. Some businesses may want to focus on well-known currencies like Bitcoin or Ethereum, while others may want to explore some of the smaller and lesser-known coins. There are a number of factors that businesses should consider when choosing which cryptocurrencies to accept, including:. Bitcoin and Ethereum are two of the most popular cryptocurrencies in the world. They both have high liquidity and are relatively stable, making them good choices for businesses looking to accept crypto payments.
However, Bitcoin and Ethereum have historically had periods of volatility, so businesses should be prepared for fluctuations in their exchange rates. At a basic level, all cryptoprocessors function in the same way.
They act as a mediator between your business and a cryptocurrency network, giving you tools to easily accept payments and convert them to your desired currency.
One of the biggest differences between cryptoprocessors is their approach to fees. For example, while Coinbase Commerce and BitPay charge flat-rate fees for each transaction, GoCoin and CoinGate base their fees on the currency being used and then charge a percentage on top of that.
Another key factor to consider is the range of cryptocurrencies that different cryptoprocessors support. Finally, it's worth considering the geographical reach of different cryptoprocessors. For example, while BitPay is available in nearly countries, Coinbase Commerce is currently only available in Cryptocurrency is becoming more and more popular as a form of payment, and small businesses should start preparing to accept it.
There are a number of different processors that make it easy for businesses to accept crypto payments, and each has its own advantages and disadvantages. Bitcoin and Ethereum are two of the most popular currencies, but businesses should do their research before deciding which cryptocurrencies to accept. They should also consider factors like fees, volatility, and integration with existing systems when choosing a processor.
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