Are you confused about setting up your OpenCart cryptocurrency payment gateway?
Don’t worry, you’re not alone. This is quite common. The first steps into the world of mathematics are always difficult, so the world of blockchain and its offshoots are no exception.
In this article, I’ve compiled the 3 best tips for you to master the OpenCart cryptocurrency payment gateway for your store, whether you’re selling fun accessories or fancy technology. It’s very useful, so make sure to read it all!
SEE MORE: Solving 5 Problems with Fiat-to-Crypto Payment Gateway API
Choose the Right OpenCart Cryptocurrency Payment Gateway Plugin
Simply put: The foundation of a cryptocurrency payment system is the plugin you use.
OpenCart offers a wide range of options, but choosing the wrong plugin can lead to integration errors and even security vulnerabilities.
In my opinion, you need to consider these factors:
Support a wide range of cryptocurrencies: Bitcoin, Ethereum, Litecoin, and even stablecoins like USDT! More than 10,000 cryptocurrencies are traded globally, so the more cryptocurrencies you support, the more different customer groups you can reach.
Easy integration: Choose plugins with user-friendly interfaces and modules. Some plugins I can recommend are BitPay, CoinGate, NOWPayments, or XaiGate.
High security features: Prioritize plugins that provide 2-factor authentication (2FA) for administrators and users. What else? To detect suspicious activity, you also need blockchain encryption and fraud detection systems.
Transaction speed and costs: Network congestion is a nightmare! High fees and slow transactions can put an unexpected burden on your small business. Choose a plugin that offers flexible fee adjustments and reasonable transaction prices, like XaiGate.
Note: 75% of retailers have already started accepting cryptocurrency payments, so choosing the right plugin is no longer a huge advantage, but a must.
SEE MORE: Secret No2: Leverage Crypto Payment Gateway Open Source Best
Prioritize Transparency in Fees and Exchange Rates
Crypto is modern, but being too modern can be bad! When setting up a crypto payment integration, you need to know what fees you’re paying, and your customers need too.
Transparency is not only ethical, it also increases conversion rates. Studies show that 83% of online shoppers prefer stores that are upfront about their prices.
So, here’s what you should do:
– Show real-time rates: Integrate a widget or API that provides crypto-to-fiat exchange rates. This is both customer-friendly and helps you avoid disputes due to price fluctuations.
– Make transaction fees public: Clearly displaying fees is beneficial to both you and your customers. You avoid answering the same question hundreds of times, and your customers don’t have to ask as many questions.
– Support dual payments: You want to retain crypto customers, but you can’t ignore fiat customers, right? Offer the option to pay with both methods, because there are times when customers aren’t willing to pay crypto.
Optimize and stay updated
Crypto trends change in the blink of an eye, even faster than TikTok trends. Try to stay on top of it by checking regularly and updating your crypto payment settings on OpenCart quickly.
What should we do? I have a very simple list of tasks as follows:
– Update software regularly: Don’t let outdated plugins be an “easy pie” for hackers. Check and update monthly to make sure everything is always safe. In my opinion, the best thing is to choose a payment gateway with good after-sales customer service, like XaiGate. All you have to do is check your email to see when they need to update, and that’s it. This way, the work is half as easy!
– Load testing: Let’s be a little more professional! You should periodically simulate transactions under high traffic conditions to detect bottlenecks. Ask yourself: how does your system handle a spike in Bitcoin usage during volatile days?
– Train your support team: Of course, with a business integrating crypto payments, your employees cannot be ignorant about cryptocurrencies, right? Equip your customer support staff with basic knowledge of this field. Don’t rely on chatbots or short instructions for common questions like how to create a wallet address or process failed transactions! That’s a dead end!
Wrappings
This is a long-term investment strategy, tell yourself so!
Integrating OpenCart cryptocurrency payment gateway properly will take your business to the next level. Who knows, your store might be the ideal destination for blockchain enthusiasts?
Go ahead and start, I know if you leave it until tomorrow, you will definitely not have the motivation to do it tomorrow! Pick a plugin now, XaiGate is a good choice for you. We are confident that we meet all the above criteria for a suitable cryptocurrency payment gateway on OpenCart. With XaiGate, the relationship with customers does not stop at completing transactions. We always accompany and support customers at all times!
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