Integrating a crypto payment gateway Shopify is no longer a competition to see who has the strength to follow the trend, but a mandatory strategic step to attract young consumers. Business owners, has your business made the first move?
In this article, XAIGATE will focus on analyzing the development of crypto payments in e-commerce, typically the integration of a crypto payment gateway into a large e-commerce platform like Shopify. As for the steps to add a crypto payment gateway on Shopify, I have written a fairly detailed article!
Crypto Payments in E-Commerce
Let’s be honest: traditional payment methods like credit cards or PayPal are saturated. Crypto has brought a new wave to logistics, giving businesses the opportunity to reach global customers without fear of restrictions on exchange rates, conversion fees or country limits. In order to promote transparency, e-commerce giants like Unilever have announced the launch of blockchain projects. Furthermore, for the supply chain, blockchain helps to eliminate intermediaries and trace data from end to end.
The third generation of the Internet (Web3) has taken consumer payment habits to a new level. Young customers demand the most convenient and fastest things possible! In addition, consumer awareness is also gradually changing as trust in traditional banking institutions is decreasing. The use of cryptocurrencies for payment will continue to become an important part of e-commerce in the near future.
Why Does Shopify Support Crypto Payment Gateway?
Shopify is a well-known e-commerce platform that allows businesses to create online stores easily, especially suitable for the B2C model. Shopify’s main goal is to provide tools and solutions for small businesses to build and manage their online stores effectively. Every business owner using Shopify knows that the platform prioritizes business growth while simplifying the sales process.
So, cryptocurrency fits Shopify’s criteria.
By integrating a crypto payment gateway, Shopify achieves many goals: They keep up with global trends, maintain competitiveness in the rapidly growing electronics industry, and attract a more diverse customer base in the international market. In addition, not only are transaction costs lower, blockchain technology also ensures that cryptocurrency transactions are less prone to fraud, safer and more secure.
READ MORE: CRYPTOCURRENCY AND OPEN-SOURCE SOFTWARE TO PAYMENT GATEWAY
What Do Businesses Get When Using Crypto Payment Gateway Shopify?
I have mentioned these benefits over and over again in all of XAIGATE’s blog posts, but I still have to emphasize to you some of the benefits that having a reputable and trustworthy crypto payment gateway (like XAIGATE!) brings to your business:
Crypto payment gateways charge transaction fees of only 0.8% to 1.5%, lower than traditional payment methods such as credit cards or PayPal. What is very convenient for international businesses is probably that the foreign currency conversion fee when using cryptocurrencies is free, helping to save maximum costs. Isn’t that great?
With a higher level of security, the power of cryptocurrencies against fraud and theft is also noteworthy, especially in the context of increasing online shopping and transaction volume.
In addition, the decentralized nature and flexibility as an asset form allow cryptocurrencies to be used as a form of innovation to enhance brand experience and clear competitive advantage.
Choosing Right Crypto Payment Gateway Shopify?
Below is a list of 23 countries currently supported by Shopify Payments, including: Australia, Austria, Belgium, Canada, Czech Republic, Denmark, Finland, France, Germany, Hong Kong SAR, Ireland, Italy, Japan, Netherlands, New Zealand, Portugal, Romania, Singapore, Spain, Sweden, Switzerland, United Kingdom, and United States.
And it should be noted that even if the store owner is a citizen of the countries mentioned above, the Shopify payment gateway also has certain requirements and restrictions depending on each country! I advise sellers to carefully consider the requirements and regulations for their country before deciding to set up Shopify Payments, okay?
When integrating a Shopify crypto payment gateway, choosing a service that suits your business needs is extremely important. I think businesses should answer the following questions before deciding to find a crypto payment gateway service: Who is your business’s main customer profile? What are their needs? Is your business market international or domestic?
Not all crypto payment gateways are the same, as each service has different features, advantages and disadvantages! So, how to choose the most suitable crypto payment gateway for your Shopify store?
Nice to Meet You, XAIGATE’s here!
XAIGATE is a crypto payment gateway with many beneficial features for your business such as high security, low transaction costs and support for many cryptocurrencies.
With XAIGATE, Shopify stores not only increase revenue but also ensure all transactions are always safe, fast and efficient! Why? Because XAIGATE is not only a crypto payment gateway, we will also be your trusted companion and consultant on the road to success.
Let’s get to know each other HERE!
We’re also on X (@mxaigate), GitHub and Linkedin! Follow us!
