Accepting Cryptocurrency As A Shopify Merchant With NOWPayments
Transacting on Shopify has just become easier. This is after Shopify and NOWPayments signed a deal whereby, shoppers can order products and pay for them using cryptocurrency, and merchants can accept the payment through the new Shopify plugin.
For those not familiar, NOWPayments is a cryptocurrency payment gateway that supports over 70 cryptocurrencies as payout, donation, and payment options.
To enjoy this revolutionary new service that has a new Shopify Partnership, simply sign up for a NOWPayments account through a short, simple, and absolutely free registration process.
How it Works
NOWPayments allows Shopify merchants to accept payments and donations in the form of Bitcoin and over 70 other altcoins through the Shopify plugin. Business owners also have the option of choosing a wallet of their favorite cryptocurrency to use in accepting payments. Even in this case, the merchant will still be able to receive payment in the currency he or she designated with the help of the auto change feature by NOWPayments.
Through a conveniently designed dashboard, Shopify merchants will also be able to track all their payments and transfer whatever data they need whenever they want. NOWPayments will also provide you as a Shopify merchant with a personal account manager to assist you through any difficulty you might face during the integration process and afterwards.
What is Shopify?
Shopify is an online store where clients and merchants/business owners can interact to buy or sell products or services. As at April 2021, Shopify has more than 1,000,000 merchants from all over the world. This platform offers a wider range of services and several payment options. All these offerings can be easily accessed publicly or privately through Shopify apps.
What are Shopify Plugins?
NOWPayments currently supports several plugins for accepting payments. These plugging include WHMCS, Zen Cart, Magento, PrestaShop, WooCommerce, and Shopify.
NOWPayments' Shopify plugin can be added by a Shopify merchant as alternative, manual payment method, therefore, allowing them to experience the great benefits that this new payment feature has.
Why Accept Crypto Payments
There are so many benefits that crypto payments have over traditional methods. Here are the benefits you'll enjoy with these new payment forms:
- Global reach: Cryptocurrencies like Bitcoin are Internationally recognized unlike some countries currencies.
- Lower fees: Crypto fees are extremely low (0.5% transaction fee plus 0.5% exchange fee for NOWPayments), especially when compared to traditional payment options such as PayPal or Visa which tend to have hidden fees.
- Privacy and security: Cryptocurrencies work through Blockchain technology which assures online safety and anonymity. This means that you'll be able to gain clients who want their transactions to remain private from some parties.
- Wider range of currency options: NOWPayments supports more than 70 cryptocurrencies. This will expand your client base and grow your online shop.
How to Accept Bitcoin with Shopify: The Best New Shopify Payment Gateway | Coinbase Cryptocurrency