HOW TO RECEIVE PAYMENTS WITH CRYPTOCURRENCIES IN SHOPIFY
It is becoming more common to use cryptocurrencies to make e-commerce purchases. Depending on the type of product you sell, allowing your customers to pay with cryptocurrency can help you sell more in your Shopify stores by appealing to customers who prefer this payment method. There are numerous benefits for accepting cryptocurrency payments, such as lower fees than credit cards, more security and privacy, no payment disputes, chargebacks, or holdbacks, it is internationally accepted, it is attractive to new customers, and offering cryptocurrency as a payment option is fairly easy.
The easiest way to receive payments in any virtual currency in a Shopify store is to configure the alternative payment method "Coinbase Commerce". Once connected to the payment gateway in your Shopify store, your customers will be able to pay you with most virtual currencies.
From the dashboard of your Coinbase Commerce account, you will be able to manage all payments, see exchange rates in real-time, etc.
WHAT IS COINBASE AND HOW IS IT USED?
Coinbase is a digital platform and wallet based in San Francisco, California. Founded in 2012 by Brian Armstrong and Fred Ehrsam, it currently has more than 10 million users and more than 217 million dollars raised from the world's largest investors.
Specifically, one of the best-known investors is BBVA Ventures. At the beginning of 2015, a project promoted by the well-known bank BBVA to invest in startups made an investment of approximately 75 million dollars in this platform.
Like other purses, Coinbase will allow you to operate with crypto coins simply and safely. If you are new to the world of virtual purses and coins but have previously used electronic payment processors such as PayPal or Payza, the operation of Coinbase not daunting and is very user-friendly.
If you have any questions on how to optimize your Shopify store to accept cryptocurrency payments, please contact us and we can provide a personalized solution for your business.