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WooCommerce is a fully customizable, open source e-commerce platform built for WordPress. You can sell both 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 top-rated online store SaaS providers such as 3dcart, BigCommerce, and Shopify.
WooCommerce has a plugin available at WordPress.org for self-hosted sites. See this post on how to set up WooCommerce on your website. To use WooCommerce and activate the “Store” option through WordPress.com, a user needs to be in Canada or the United States and be on their business plan.
WooCommerce extensions enable and improve a site’s functionality. Hundreds of fantastic extensions are available for store development, management, marketing, payments, shipping, accounting, tax, and so on. For example, popular payment extensions include PayPal, Square, Amazon Pay, Alipay, and more. Alternatively, WooCommerce plugins are available at WordPress.org.
WooCommerce has risen in popularity alongside the acceptance of Bitcoin and cryptocurrencies for e-commerce. Merchants who accept cryptocurrencies gain several advantages such as access to a broader market, ease of cross-border transactions, buyer anonymity, and the security features vis-à-vis blockchain. Also, they can eliminate intermediaries, chargebacks, and pay lower fees compared to using services like PayPal. However, Bitcoin has its share of e-commerce challenges such as increasing transactional fees, volatility, and processing times. Moreover, Bitcoin and cryptocurrency markets attract ongoing government intervention, hackers, and bad actors.
While Overstock.com has received a lot of attention for accepting Bitcoins since 2014, paying with cryptos is more mainstream than many merchants and shoppers think. Microsoft, Expedia, Dish, CheapAir, and Newegg are just a few of the thousands of merchants who accept Bitcoin worldwide. A survey of 100 merchants found that 60 percent of them would accept Bitcoin instead of dollars. Respondents spanned various industries and had at least $100,000 of annual revenue.
Before accepting bitcoins and altcoins, you should understand:
- Bitcoin and cryptocurrency fundamentals, pros, and cons
- Security and storage measures, for example, the different types of wallets
- The marketplace, exchanges, and transactional costs, and conversion fees
- Your reasons for wanting to accept digital currencies
- The likelihood of your customers using digital currencies
- Anything that applies to your business operations and policies
Enabling Bitcoin transactions on your site is a matter of selecting, installing, activating, and setting up a plugin. Plugin developers frequently provide installation steps, via text or video, FAQs, and user support.
WooCommerce Bitcoin Plugins
BitPay is a global Bitcoin payment service provider and integrates with many popular platforms. Their business solutions target Bitcoin and Bitcoin Cash payment services for merchants, cross-border payments, and point-of-sale (POS) transactions. Their solutions for individuals focus on payment, cards, and wallets.
The BitPay WooCommerce plugin allows you to accept Bitcoin, and it supports all Bitcoin wallets that support payment protocol. You can set prices in local currency and refund customers in Bitcoin. BitPay provides a test merchant account and wallet.
Blockonomics is a decentralized payment processing system for merchants accepting digital currencies. They’ve helped thousands of e-commerce sites increase sales by enabling Bitcoin, Ethereum, Litecoin, and other significant altcoins as payment from their customers. Furthermore, they offer a P2P encrypted invoice solution.
The Blockonomics WooCommerce plugin allows you to accept BTC and other altcoins. The checkout process happens within your website/theme. It supports all major fiat currencies and HD wallets like Trezor, Blockchain.info, and Mycelium.
Coinbase is an online platform that allows merchants, consumers, and traders to transact with digital currencies. It allows its users to create Bitcoin wallets and start buying or selling Bitcoins by connecting with their bank accounts. Also, it provides a series of merchant payment processing systems and tools that support many high traffic websites.
Coinbase has two WooCommerce plugins, but both haven’t been updated or supported in years. There are Coinbase and Coinbase-WooCommerce.
CoinGate is a payment gateway for blockchain payments. Their mission is to grow the adoption of cryptocurrencies on a global scale by providing a robust payments infrastructure that caters to the needs of merchants and customers.
The CoinGate WooCommerce plugin accepts Bitcoin and 50+ cryptocurrencies including Litecoin and Ethereum. You can receive settlements in Bitcoin, EUR, and USD. CoinGate provides a sandbox environment for testing.
GoUrl is a global provider of online cryptocurrency payment solutions. Their payment platform enables vendors and consumers can transact with each other. Their gateway is based on a different technology than standard portals. It is fully able to integrate with website pages and no external payment pages open unlike other payment gateways.
GoUrl has several WordPress plugins. The GoUrl WooCommerce plugin enables you to accept Bitcoin and several altcoins. You can choose from three payment integration options and receive payments directly to their wallets. White label and subscription options are available.
Mollie is a technology-based company that processes payments with local payment methods such as Mastercard, VISA, Amex, PayPal, iDEAL, Bancontact, Bitcoin, SEPA Direct Debit and SOFORT Banking. They aim to make online payment simple for merchants by taking away the complexity of payment methods and offering a simple, but powerful API.
The Mollie WooCommerce plugin enables you to quickly let customers pay with Bitcoin while receiving the corresponding amount in euros. It only takes a few minutes to start receiving Bitcoin payments, and there are no hidden fees. You only pay a small amount for successful transactions.
SpectroCoin is an all-in-one solution for Bitcoin. Their services include a wide range of Bitcoin solutions, from exchanges to Bitcoin e-wallets. They build their business policy on Bitcoin’s philosophy of making financing quicker, frictionless, and flexible.
The SpectroCoin WooCommerce plugin offers a payment method that can be used by anyone from anywhere in the world. Stores can accept Bitcoin payments as well as XEM and Dash. You can avoid cryptocurrency price risks by settling payments in EUR, USD, GBP, or any of the 20+ currencies they support.
Stripe has ended support for processing Bitcoin payments. However, the Stripe payment gateway for WooCommerce lets you accept payments directly onsite and includes the option to receive payment requests (Apple Pay and Google Pay), SEPA, and various payment methods.