Last updated on March 3, 2021
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WooCommerce is a fully customizable, open-source ecommerce platform built for WordPress. Users 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 many online store applications, including Shopify.
The free WooCommerce plugin is available on WordPress.org, and here’s how to set up it 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, and so on. For example, popular payment extensions include PayPal, Square, Amazon Pay, Alipay, and more. WooCommerce plugins are also available on WordPress.org.
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 ecommerce challenges, including increasing transactional fees, price volatility, and slow processing times. Additionally, bitcoin and cryptocurrency markets attract ongoing government intervention, hackers, and bad actors.
Paying with cryptos is more mainstream than many merchants and shoppers think. Microsoft, Expedia, Dish, CheapAir, and Newegg are just a few of 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
- 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 your customers using digital currencies
- How your business operations and policies would change
Enabling bitcoin transactions on your site is a matter of selecting, installing, activating, and setting up a plugin. Plugin developers frequently provide installation guides, videos, FAQs, and user support.
Best WooCommerce Bitcoin Plugins
Blockonomics is a decentralized payment processing system for merchants accepting digital currencies. It helps thousands of ecommerce sites increase sales by enabling Bitcoin, Ethereum, Litecoin, and other cryptos for customer payments. Furthermore, it offers a P2P encrypted invoice solution.
The Blockonomics WooCommerce plugin allows you to accept BTC and altcoins. The checkout process happens within your website. It supports all major fiat currencies and HD (hierarchical deterministic) wallets, including Trezor, Blockchain.info, and Mycelium.
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,s or a middleman. Payments with BTCPay go directly to your wallet, which increases privacy and security. Your private keys are never uploaded to the server.
The BTCPay for WooCommerce has an excellent rating and comes packed with features.
Coinbase enables businesses, individuals, and traders to transact digital currencies. Its users can create digital wallets and start buying and selling bitcoins by connecting their bank accounts. Also, 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.
CoinGate is a payment gateway for blockchain payments. Its mission is to grow the adoption of cryptocurrencies by providing a robust payment 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.
CoinPayments is a digital currency payment solution allowing merchants to accept Bitcoin and over 1700 altcoins in their store through easy to use plugins, APIs, and POS interfaces. With nearly three million user accounts and merchants across 182 countries, CoinPayments is one of the most comprehensive multi-cryptocurrency platforms in the world.
The CoinPayments.net Payment Gateway for WooCommerce plugin implements a payment gateway to let buyers pay with Bitcoin, Litecoin, Ripple, and other cryptocurrencies.
GoUrl is a global provider of online cryptocurrency payment solutions. Its payment platform enables vendors and consumers to transact with each other. Its gateway is based on a different technology than standard portals. It integrates into website pages so that 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. White label and subscription options are available as well.
TripleA helps businesses increase their sales by accessing the growing cryptocurrency community. It offers easy setup, highly competitive exchange rates, and a no-chargeback payment system.
The Bitcoin Payment Gateway for WooCommerce plugin equips online businesses to accept and process bitcoin payments seamlessly.
Paxful is a leading peer-to-peer (P2P) powered cryptocurrency marketplace, specializing in Bitcoin and Tether. It supports over 350 methods for buyers to pay for products. These options empower both sellers and buyers, creating opportunities for millions across the globe who don’t have access to traditional banking services.
Paxful mentions a WordPress plugin on this page, but I’m not sure the plugin is still active. If it isn’t, Paxful is still an excellent option to receive payments for your store, and you can contact them for integration support.
Mollie is a technology-based company that processes payments with local payment methods, such as Mastercard, VISA, Amex, PayPal, iDEAL, Bancontact, SEPA Direct Debit, and SOFORT Banking. Its 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 no longer processes transactions involving cryptos. However, its flexibility might support your objectives.
Stripe no longer supports bitcoin payments. However, its payment gateway for WooCommerce allows you to accept various types of payments, including Apple Pay, Google Pay, and SEPA. Stripe’s flexibility might bridge the gap for crypto purchases.