Cryptocurrency payment provider
Blockchain and cryptocurrencies is a new phase of technology-driven markets. It eliminates the bureaucracy in international money transfers. Additionally, cryptocurrency payment can be more profitable to merchants by eliminating intermediaries and transaction fees that eat into profits. It allows the full amount from sales to go directly into the merchant’s wallet. Furthermore, cryptocurrency transactions are very secure as they are processed on immutable blockchain technology and secured by cryptographic technology.
As an online store owner, accepting cryptocurrency payments for your WooCommerce can gain you a significant competitive advantage. You will need a good WooCommerce cryptocurrency payment plugin to accept digital currency payments on your platform. With various cryptocurrency WordPress plugins available, choosing the right plugin for your WooCommerce may be confusing. Here are the top five Cryptocurrency payment provider for WooCommerce :
CryptoPay
CryptoPay is a secure and reliable cryptocurrency payment processing solution. It is accessible globally. The plugin is compatible with various blockchain networks and tokens. From safe and transparent peer-to-peer transactions to APIs that enable easy integration with other plugins, the platform offers a wide range of beneficial features to allow you to accept Cryptocurrency payments efficiently.
Key Features
- Peer-to-peer transactions
- No additional fees to the gas fee (which is paid to the blockchain network).
- Short transaction confirmation time
- Easy to use
- Integrates easily with other plugins through APIs
- No withdrawal limits
- Accept multiple cryptocurrencies networks, including EVM Bases, Solana, Tron, and Bitcoin support
- Provide the Crypto Compare API
- It can be easily translated into any language using Loco Translate
- Withdrawal processing takes a short time, with no exceptions on the weekends.
- Enable token price customizations
- Multiple withdrawal options, including a native token for the blockchain network you are using or the supported cryptocurrencies under the network. Top of FormBottom of Form
Coinbase Commerce
Coinbase Commerce is an official WordPress plugin by Coinbase, the largest cryptocurrency exchange in the market. The plugin allows users to accept various digital currencies, including Ethereum, Bitcoin, Litecoin, and Dogecoin.
Key Features
- Connects directly with the Coinbase Exchange account
- Supports multiple coins
- Secured framework
- Easy to use
DePay
DePay is a popular Web3 payment gateway for WooCommerce platforms. This service supports thousands of cryptocurrency tokens on various blockchain networks. The DePay plugin eliminates intermediaries in payment processing, enabling users to receive their funds directly into their wallets from the web store.
Key Features
- Supports multiple wallets and accepts payments from more than 100 cryptocurrencies.
- Accepting automatic currency conversion
- Supports peer-to-peer transactions
- Accepts payments on multiple blockchains in parallel.
- Supports crypto payments on mobile devices
HAYVN Pay
HAYVN Pay enables merchants to accept cryptocurrency payments from customers globally. It has the option of getting paid in fiat money immediately. HAYVN Pay is globally regulated. The crypto payment solution accepts multiple currencies, including major ones such as BTC, USDT, ETH, and USDC. HAYVN offers an interface that allows users to track and manage their transactions. The platform also employs anti-money laundering measures to ensure the transactions are compliant.
Key Features
- Regulated and compliant financial network
- Faster transaction settlement with users able to receive payment to their bank accounts within hours after the transaction is made
- Supports multiple cryptocurrencies
- Minimal transaction charges
- Easy to integrate
OpenNode
OpenNode offers fast, secure, and low-cost Bitcoin payment services for WooCommerce platforms. OpenNoode uses Lightning Network to enable instant transactions. The platform supports real-time exchange rates. OpenNode Bitcoin payment plugin for WooCommerce supports all Bitcoin wallets, offering instant on-chain transfers. It charges a 1% flat fee.
Key Features
- Offers real-time exchange rates
- Free to download and install
- Uses the new Native SegWit addresses (Bech32) to offer traditional on-chain transactions
- Supports instant Bitcoin payments using Lightning Network
Conclusion
Accepting cryptocurrency has many benefits for your online store business, including gaining new customers and minimizing operational costs. However, not all cryptocurrency payment providers would yield similar results for you. You must select the right payment provider for optimal results. Consider factors such as lower transaction fees, compatibility with third-party extensions, and quick transaction confirmation. CryptoPay provides the right balance between all the necessary features, making it the best option for WooCommerce merchants looking to accept cryptocurrency for their business.