April 28, 2024
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WooCommerce is a fully customizable, open-source e-commerce platform built for WordPress. Users can sell physical and digital goods in all shapes and sizes, offer product variations, multiple configurations, and instant downloads to shoppers, and even sell affiliate goods from online marketplaces. WooCommerce competes with many online store applications, including Shopify.
The free WooCommerce plugin is available on WordPress.org, and here’s how to set it up on your website. WooCommerce extensions enable and improve a site’s functionality. Hundreds of fantastic extensions are available for store development, management, marketing, payments, shipping, accounting, tax, etc. For example, popular payment extensions include PayPal, Square, Amazon Pay, and Alipay. Additional WooCommerce plugins are available on WordPress.org.
Cryptocurrency Payments
Web3 payments using blockchain technology and decentralized finance (DeFi) to facilitate secure and transparent transactions are gaining traction. So, merchants who accept cryptocurrencies gain advantages, such as access to a broader market, ease of cross-border transactions, buyer anonymity, and security features. Also, they can eliminate intermediaries and chargebacks and pay lower processing fees. However, Bitcoin has its share of e-commerce challenges, including volatile transactional costs, prices, and processing times. Additionally, bitcoin and cryptocurrency markets attract ongoing government intervention, hackers, and bad actors, which can demotivate potential users.
Paying with cryptos is more mainstream than many merchants and shoppers think. For example, Walmart, Microsoft, Best Buy, Expedia, Dish, and Newegg are just a few of the thousands of merchants who accept Bitcoin globally. Also, a survey of 2,000 executives found that 75% plan to accept cryptocurrency payments within the next two years. Respondents spanned various industries, including cosmetics, electronics, fashion, transportation, and food.
Before accepting bitcoins, altcoins, and stablecoins, you should understand crypto fundamentals, including:
- Bitcoin, stablecoin, and cryptocurrency benefits, drawbacks, pros, and cons
- Types of wallets and best practices regarding security
- The marketplace, exchanges, transactional costs, and conversion fees
- Your reasons for wanting to accept digital currencies
- The likelihood of customers using digital currencies to buy your products/services
- The impact on your business operations and policies
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WooCommerce Crypto and Bitcoin Plugins
Enabling Bitcoin transactions on your site involves selecting, installing, activating, and setting up a plugin. Plugin developers frequently provide installation guides, videos, FAQs, and user support. Alternatively, hundreds of WooCommerce specialists are on Fiverr to help you. Lastly, sellers can expect low transaction fees of up to 2%. For example, Blockonomics charges 1% on payments.
Blockonomics (Top Choice)
Blockonomics is a decentralized payment processing system for merchants accepting digital currencies. It helps thousands of e-commerce sites increase sales by enabling customer payments in Bitcoin, Ethereum, Litecoin, and other cryptos. Furthermore, it offers a P2P encrypted invoice solution and integrates with various e-commerce apps, including Shopify, Wix, Squarespace, Opencart, and Prestashop.
The Blockonomics WooCommerce plugin allows you to accept BTC and altcoins and supports all major fiat currencies and HD (hierarchical deterministic) wallets, including Ledger, Trezor, Blockchain.info, and Exodus.
MyCryptoCheckout
MyCryptoCheckout enables you to accept peer-to-peer (P2P) cryptocurrency payments, eliminating intermediaries and transaction fees. Also, payments flow directly from the customer to any wallet you choose, making it an excellent payment gateway for WooCommerce, WordPress, and Easy Digital Downloads.
MyCryptoCheckout supports 200+ coins and has robust checkout, fiat auto settlement, and donation features. The free plan supports up to five transactions monthly, whereas the premium plan supports unlimited transactions. Review how it compares to other popular crypto plugins and payment apps.
Binance Pay
Binance is one of the most trusted and largest full-stack cryptocurrency companies globally. Its products and services include trading, storage (Trust Wallet), proprietary coins (BUSD and BNB), education, data, research, funding, decentralization, infrastructure solutions, APIs, and a debit card.
Binance Pay is a contactless, borderless, and secure cryptocurrency payment application. For merchants, it supports over 50 cryptocurrencies and stablecoins with low transaction fees.
A third-party Binance Pay plugin is available on WordPress.org.
ABC Crypto Checkout
Payerurl powers the ABC Crypto Checkout WordPress plugin and works with WooCommerce. The plugin is especially for merchants seeking the cheapest rates on transaction fees (0.5% only flat rate). With ABC Crypto Checkout, you’ll receive crypto payments through Binance Pay and APIs.
Users pay a low transaction fee of 0.5%. The plugin supports Binance Pay, USDT, BTC, and ETH payments and over 169+ currencies, including USD, CAD, GBP, and EUR. Users can integrate with WooCommerce, PHP, Python, and JAVA.
BTCPay
BTCPay Server is a free and open-source cryptocurrency payment processor that allows you to receive payments in Bitcoin and altcoins directly, with no fees, transaction costs, or intermediaries. Payments with BTCPay go to your wallet for increased privacy and security. In addition, your private keys are never sent to the server.
The BTCPay for WooCommerce has an excellent rating and comes packed with features.
GoUrl
GoUrl is a global provider of online cryptocurrency payment solutions, enabling vendors and consumers to transact with each other. Its gateway is based on a technology different from that of standard portals. Unlike other payment gateways, it integrates into website pages so that no external payment pages remain open.
GoUrl has several WordPress plugins. For example, the GoUrl WooCommerce plugin enables you to accept Bitcoin and several altcoins. You can choose from three payment integration options and receive payments directly. White-label and subscription options are available, too.
BitPay
BitPay builds innovative, enterprise-grade tools for crypto acceptance and spending. They are pioneers in building blockchain payment technologies to transform how businesses and people send, receive, and store money worldwide.
The BitPay Checkout for Woocommerce supports cryptocurrency payments from your customers, including Bitcoin, Ether, Ripple, Bitcoin Cash, and USD stablecoins. You can view all incoming payments and refund orders on your BitPay merchant dashboard.
Coinbase
Coinbase enables businesses, individuals, and traders to transact digital currencies. Users can also create digital wallets and buy and sell bitcoins by connecting their bank accounts. Finally, it provides many merchant payment processing systems and tools.
The Coinbase Commerce Payment Gateway for WooCommerce plugin supports Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and USD Coin. Alternatively, SCI Intelligencia has a top-rated third-party Coinbase commerce plugin.
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CoinGate
CoinGate is a payment gateway for blockchain payments. Its mission is to grow cryptocurrency adoption by providing a robust payment infrastructure that caters to merchants’ and customers’ needs.
The CoinGate WooCommerce plugin accepts Bitcoin and 50+ cryptocurrencies, including Litecoin and Ethereum. CoinGate also provides a sandbox environment for testing.
Crypto.com Pay
Crypto.com Pay allows you to accept Bitcoin and other high-volume cryptos on your website. There are no transaction or setup fees, and an intuitive dashboard makes it easy to send invoices and payments.
Crypto.com Pay Checkout is a payment gateway plugin for WooCommerce.
Donation Box
Cryptocurrency Donation Box allows you to accept payments and donations from 30+ major cryptocurrencies on your WordPress website. Add your wallet’s address and use the shortcode on any page, post, or sidebar. It supports various crypto wallets.
PayPal
PayPal allows users to buy, sell, and hold cryptos. Many PayPal WordPress plugins are available, but many are rated poorly. Therefore, review various plugins before choosing one or use PayPal’s e-commerce tools for native integration and APIs.
Mollie
Mollie is a technology-based company that processes payments through Mastercard, VISA, Amex, PayPal, iDEAL, Bancontact, SEPA Direct Debit, and SOFORT Banking. It aims to simplify online payments by improving payment process efficiencies and using robust APIs.
The Mollie WooCommerce plugin no longer supports transactions involving cryptos. However, its other payment products might help you achieve your objectives.
Stripe
Stripe no longer supports Bitcoin payments. However, its payment gateway for WooCommerce allows you to accept various payment methods, including Apple Pay, Google Pay, and SEPA. Stripe’s other products might bridge the gap for crypto purchases.
