If you want to step into the world of cryptocurrencies and start accepting digital currency like Bitcoin for your products and services, this article is just for you.
In this blog post, I’ll be reviewing CoinGate, a crypto payment processing gateway for WooCommerce stores. I will review its features and functionalities and see how it holds up for WordPress websites.
Quick Overview: CoinGate
CoinGate is a digital currency payment processor that can help you accept payments in Bitcoin, Ethereum, Litecoin, and 70+ other popular cryptocurrencies. It also lets you or other individuals trade bitcoins in the digital currency ecosystem.
CoinGate comes with a WooCommerce extension plugin that integrates with your website and helps you accept Bitcoin, Litecoin, Ethereum, and other cryptocurrencies as a form of payment.
Regarding pricing, you don’t have to pay a monthly or yearly subscription as you pay on the go with the 1% commission pricing system. You only need to pay a 1% commission for all plugins, web PoS, APIs, and billing transactions linked to your account.
If you are interested in getting this plugin right away, you can get it here and sign up to set up automated crypto payments on your WooCommerce store.
Why Should You Start Accepting Crypto Payments on Your Website?
First of all, adding an extra option to pay for products on your website leads to more people purchasing your products and services. Moreover, it clears the hurdle of international payments and helps you expand your customer base internationally.
Also, since bitcoin or any other cryptocurrency is decentralized, you don’t have to rely on an institution like a bank to process your payments. Instead, your transactions are secure and anonymous and are verified by a blockchain ledger.
Some banks and payment gateways can have high transaction fees, which can be discouraging for the customers if they are the ones paying it in the end. Your customers will be more inclined to place orders with lower processing fees.
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Other benefits, such as anonymity and fraud prevention, come with cryptocurrency payments. Considering all this, adding cryptocurrencies as a payment method is a no-brainer.
Features of CoinGate
Before we can explore the platform’s interface, let’s take a look at the prominent features of CoinGate.
Multiple Currencies Accepted
Not just Bitcoin and Ethereum, you can accept payments in 70+ cryptocurrencies with an option to convert them to fiat. There
This article was written by Team WPLift and originally published on Learn WordPress with WPLift.