Businesses are taking note of the growing popularity of cryptocurrencies in recent years. Accepting cryptocurrency payments on your WooCommerce store comes with so many benefits, including cheaper transaction costs, improved security, and access to a worldwide audience. Although accepting cryptocurrency payments is a simple process, it is important for you to have a step-by-step guide to walk you through and sure everything is set up properly. In this article we will cover useful topics including Choosing a plugin, creating an account, and configuring payment choices and at the end, you’ll know how to successfully setup cryptocurrency payments gateway and offer your customers more options when paying for your products or services.
Why Accept Crypto Payments on Woocommerce
- Lower transaction fees: Accepting cryptocurrency payments can lead to lower transaction fees when compared to more conventional payment options like credit cards. This may be especially helpful for companies that handle a lot of transactions.
- Increased security: Encryption and decentralized ledger technology are used to secure cryptocurrency transactions. This lowers the possibility of fraud and adds to the customer’s and business’s security.
- Global reach: Anyone with an internet connection can utilize cryptocurrencies, which have no geographical restrictions. Reaching a global consumer base is now possible, which can be very useful for companies who offer goods and services internationally.
- Faster transactions: When compared to traditional payment methods, cryptocurrency transactions are executed significantly more quickly. Customers may also have quicker and easier checkout processes as a result, which can increase customer satisfaction.
- Access to new customer segments: Accepting cryptocurrency payments can draw in new clients who want to make transactions utilizing cryptocurrencies. By doing this, businesses can reach a growing market segment and increase their customers.
- Increased brand recognition: Businesses can show that they are innovative and forward-thinking by adopting new technologies, such as cryptocurrencies. This can help in boosting brand recognition and attracting new buyers.
- Increased customer trust: Businesses can enhance customer trust and confidence in their brand by giving customers a variety of payment choices. This will lead to growth in Sales, and also help to establish clients loyalty.
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10 Cryptocurrency Plugins for WooCommerce
Choose from any of these plugins to setup and accept crypto payment on your store:
1. HAYVN Pay
With the help of the straightforward plugin like HAYVN Pay, you can take payments in a variety of cryptocurrencies like Bitcoin, Ethereum, and Litecoin. Install the plugin, open a HAYVN Pay account, then link it to your Woocommerce store to start using it.
2. Coinbase Commerce
Another popular plugin for Woocommerce for allowing cryptocurrency payments is Coinbase Commerce. It accepts USDC, Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. Create a Coinbase Commerce account, install the plugin, and link it to your Woocommerce store to get started with it.
You can take payments in a variety of cryptocurrencies, such as Ethereum and Binance Coin, using the decentralized payment gateway DePay. Install the plugin, register for a DePay account, and link that account to your Woocommerce store to begin utilizing it.
You may take Bitcoin payments with OpenNode, a quick and secure payment gateway. Create an OpenNode account, install the plugin, and link it to your Woocommerce store to get started utilizing it.
5. Triple A
Triple A is a safe and easy to use crypto payment plugin for woocommerce, it is free and can be downloaded from the WordPress directory for plugins, by using Triple A crypto payment gateway, your business will be able to accept all kinds of crypto payment, helping you to increase revenue on your store.
MyCryptoCheckout is another reliable crypto plugin for WordPress, you can chose from over 200 crypto coins, enjoy 0% transaction fees, peer to peer payment and also have the option of using any wallet of your choice.
CoinGate is a top crypto payment processor that allows you to accept customer’s payment in bitcoin and over 50 crypto coins including fiat currency, it is risk free, comes with some integration and also available in more countries and works with perfectly with Woocommerce
NOWPayments is a cryptocurrency payment gateway which allows businesses to accept BTC, ETH, XRP and other coins on their websites and the good thing is that it works with woocommerce and all you need to do is to create an account with them, connect to your store and let your customers pay using their preferred cryptocurrency.
Also if you are into NGO, with NowPayment you can accept donations globally in crypto
GoUrl for Woocommerce is a 100% open source plugin that allows you to accept payment in crypto on your woocommerce store, there is no monthly fee and you can receive payment in all popular crypto coins.
Simply visit your WordPress dashboard and navigate to the plugins sections to download, setup and start using it
10. BitPay Checkout
BitPay Checkout for WooCommerce is another crypto plugin that allows you to accept payment easily through various coins, it is an open source plugin which means developers are allowed to build on it and it is 100% free to download and use.
How To Setup Crypto Payment On WooCommerce
Choose a plugin
Start by making a choice on the perfect crypto plugin you are using and if you are still unsure, we listed 10 different options above you can go back and check
Create an account
Create an account on the website of the plugin of your choice. This is needed so you can link their platform to your Woocommerce store.
Install the plugin
Proceed to install and activate the plugin of the crypto payment gateway you want to use, also follow the provided instructions to configure the payment options in the plugin and this often include, setting the cryptocurrencies you want to accept, setting up the conversion rate from crypto to your local currency, and choosing your preferred payment gateway.
Test and Go live
Check that everything is functioning properly by testing the payment process. Use your selected cryptocurrency to place a test order on your website, and then confirm that the payment was successfully processed.
And finally, once everything seems to be working as it should, you can launch your Woocommerce store and start accepting cryptocurrency payments.
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In conclusion, it’s now easier than ever to take cryptocurrency payments on your Woocommerce website. Simply pick the plugin that works best for you, set it up using the provided instructions, and start receiving crypto payment from your buyers.