What should you know about the Shopify payment gates:
Some of the most popular cryptocurrencies supported by Shopify are Crypto.com, Coinbase and Bitpay.
Although they all have the pros and cons, their implementation on your Shopify site is simple and direct:
Crypto.com
Crypto.com is one of the most coding operations used by more than 80 million users worldwide.
Integration is fast and easy. First, you need to create a Pay crypto.com account From here.
Then install Crypto.com Pay Plugin from the Shopify App Store. Here is a link to it – https://apps.shopify.com/crypto-com-pay-for-business
The next step is to log in to the Admin Shopify panel and select Crypto.com as a payment supply from the settings menu.
Check the full step by step here:
https://help.crypto.com/en/articles/6188943-shopify-steup-guide
You can now accept payments in more than 20 encrypted currencies, including ETH and BTC and Stablecoins. You can also choose to convert the encryption you pay directly to Fiat Money – this is a great way to take advantage of the benefits of encrypted currency payments, but also to avoid encryption volatility.
What is great if you decide to use Crypto.com Pay is that the installation is completely free, and does not need any subscription. Also, there are no transactions fees. You only pay the settlement fees for 0.5 % of your transactions.
Coinbase Commerce
Coinbase is one of the pioneering encryption exchange. The trading volume of their exchange of $ 193 billion in 2020 to 830 billion US dollars in 2022. It also provides a platform that enables merchants to accept encryption payments worldwide, called Coinbase Commerce.
The process coincides with the Crypto.com setting – you need to calculate Coinbase, then add Coinbase as a payment provider of the Shopify official panel.
They support the most popular metal currencies, including BTC, Bitcoin Cash, ETG, Dogecoin, Shiba Inu, USDC, USDT, Polygon and others.
Coinbase receives 1 % fee for their services, and there is no required installation fee.
Coinbase’s interesting feature is its self -management trade. With this option, you have full control of your currencies by controlling special keys. The treatment fee is still 1 %, though.
Here you can find more information about Coinbase’s integration about Shopify:
https://www.coinbase.com/commerce/integases/shopify
Petpa
Bitpay is a famous and reliable encrypted payment portal founded in 2011. It enables you to accept various cryptocurrencies in your Shopify store. Bitpay combination with Shopify is a clear process.
Start registration in the Bitpay Business account, then go to the “Payment Methods” section in your Admin panel. Click “Alternative Payments” and select Bitpay from the list. The last step is to return to your Bitpay account and put the final touches on integration.
Once it is combined, your Shopify store will be ready to accept encrypted currency payments through Bitpay, giving your customers flexibility to pay with their favorite digital assets. You can manage transactions, recovered amounts, and other aspects of coil payments directly from your Bitpay dashboard, simplifying the process and ensuring a smooth experience for you and your customers.
Here you can find more information about how to combine Bitpay with Shopify:
https://bitpay.com/integiations/shopify-plugin
Bitpay receives 1 %+25C transaction fee in each transaction.
Popular cryptocurrencies for accepting e -commerce payments
It is extremely difficult to monitor all cryptocurrencies in the world, as is the case now, they are more than 22,000 and a new added every day.
For e -commerce companies, it is important to pay at least to the best 10 codes at the present time because they are the most widely used, and your customers are more likely to have and pay with them.
These are the five best encoded currencies that e -commerce companies now accept.
1. Bitcoin (BTC)
Bitcoin is the first encrypted currency and is the most widely used. It was created by Satoshi Nakamoto, who wrote a white paper called “Electronic Critical System to Nizar” in 2008, with the aim of canceling the financial industry clarification and delivering control of people’s digital transactions.
2. Ethereum (ETH)
The second position is occupied by Ethereum, which was created by Vitalik Buterin. His ideas were aimed at believing that Bitcoin and Blockchain technology could be used to give an decentralized character to the financial system. The result was the creation of Ethereum.
It realizes and records all transactions by being a distributed general record. Users can create applications, distribute and use them on the arterial system, as well as pushing using the coded currency of the ether.
Recently, Ethereum has made POS, which brings a lot of opportunities as well as the challenges facing the currency.
3. Dukwin (Duj)
Starting with a joke currency and supported by famous characters such as Elon Musk and Mark Cuban, Dogecoin is greatly acceptable and can now be seen as a legitimate way to pay. Moreover, companies such as AMC theaters actually accept Dogecoin as a payment method.
4. Litecoin
Next in the list is Litecoin, which was created in 2011, that is, just two years after Bitcoin. Litecoin is a bitcoin symbol with an increase in the number of units to 84 million coins.
The name came when it was launched after it was classified on Bitcoin signs by the encryption community. The last rank of Litecoin decreased with the continued development of the encryption market. The speed of faster treatment and limited metal currencies still makes it a preferred option to pay for many e -commerce traders.
5. Ripple (XRP)
XRP operates on Blockchain Open Source Decentralization known as Ledger XRP (XRPL), and transactions are facilitated by a ripple treatment protocol (RTXP). Unlike most encrypted currencies, XRP is pre -made, with the maximum supply of the distinctive symbol of 100 billion. Due to its consensus protocol, XRP is able to process transactions in seconds at a low cost and with the least energy amount. This makes it one of the most environmentally friendly cryptocurrencies.
Regardless of the aforementioned metal currencies, there are many other options that you can consider on the e -commerce site. However, it is very recommended to take some time to consider these currencies before adding them as an option to pay. There are some things that you need to take into account before starting to accept a certain currency as payment, such as transactions, liquidity, fluctuations, and others. Establishing a plan in advance of what you will do as soon as the cryptocurrency receives it is very important as you can store it for a longer period of time or turn it into Fiat funds directly. After conducting extensive research in different metal coins and still has not been abandoned any of them to be implemented and why we recommend speaking to a professional financial advisor.
