The introduction of cryptocurrency has taken the world by storm. If you’re not already accepting this digital currency on your WordPress website, you may soon be left in the dust. Fortunately, there are several different cryptocurrency payment gateways that you can use to get started.
In this post, we’ll discuss why you might want to accept cryptocurrency on your WordPress site. We’ll then look at three payment gateways that you can use. Let’s get started!
Why You Might Want to Accept Cryptocurrency Payments on Your Website
There are several reasons you might want to consider adding cryptocurrency payments to your WordPress website. For starters, it will help you keep up with the latest trends in e-commerce.
By offering cryptocurrency payment options, you can make it easy for users to do business with you. This can help you build relationships with your customers and keep them coming back.
Moreover, cryptocurrency payments can be more profitable than traditional ones. There are no middlemen or transaction fees to eat into your profits. The full amount of the sale goes directly into your wallet.
Additionally, cryptocurrency transactions are more secure than other forms of payment. This is because they’re irreversible. This is a big advantage over traditional methods like credit cards, which can be charged back. This chargeback process can be costly and time-consuming for businesses.
Cryptocurrency is the wave of the future. By adding this payment method to your website now, you can stay ahead of the curve and position your business for success.
The 3 Best WordPress Cryptocurrency Payment Gateways
There’s no shortage of plugins when it comes to cryptocurrency payment gateways. Let’s look at some of the best options.
1. Commerce Coinbase for WooCommerce
Commerce Coinbase enables you to accept Bitcoin, Bitcoin Cash, Ethereum and Litecoin payments on your WordPress site. You can also choose to hold the cryptocurrency in your Coinbase account or withdraw it to your own wallet.
Coinbase is one of the most popular digital currency exchanges, so many users may already be familiar with it. This makes it easier for them to make purchases on your site. Moreover, Coinbase charges lower fees than other payment processors.
Key features:
- It’s very easy to set up.
- It’s fully compatible with WooCommerce.
- It supports Bitcoin, Bitcoin Cash, Ethereum and Litecoin.
- The Coinbase payment option automatically appears to users at checkout.
Price: You can install Commerce Coinbase for free from the WordPress plugin repository.
2. CoinGate
CoinGate supports Bitcoin, Litecoin and Ethereum payments. It charges a flat rate of one percent for all transactions, but there’s also a minimum transaction amount of 0.01 BTC.
CoinGate enables you to set up automatic invoicing, so you can invoice your customers on a regular basis without having to do it manually. This is a great feature for businesses that process recurring payments, such as subscription services.
CoinGate has a simple checkout process and it’s also easy to set up. However, it doesn’t offer as many features as the other plugins on this list.
Key features:
- The payment gateway is completely automatic.
- It supports more than 70 different cryptocurrencies.
- It calculates pricing with real-time exchange rates.
Price: CoinGate is free to download from the WordPress plugin repository.
3. MyCryptoCheckout
MyCryptoCheckout accepts more than 180 types of cryptocurrency. Moreover, it doesn’t charge any transaction fees, and there are no product restrictions. You can also customize the checkout process to match the look and feel of your website.
Key features:
- It comes with one-click payment buttons for MetaMask, Waves Client, and many other crypto wallets.
- You can instantly convert coins to fiat or stablecoins.
- It is compatible with nearly all crypto wallets.
- It includes a donations widget with a shortcode generator.
Price: The free license can process up to five transactions a month. However, you can upgrade to the premium plugin for unlimited transactions. This costs $59 per year.
Conclusion
Accepting cryptocurrency payments is now the norm for many industries, and it’s an essential part of many business models. As we have seen, you can use payment gateways such as MyCryptoCheckout and Coinbase to start accepting payments in digital currencies on your WordPress site.
Do you have any questions about using WordPress cryptocurrency payment gateways? Let us know in the comments section below!
Image credit: Pixabay.