The question for small start up businesses: Why should your store accept crypto on WooCommerce?
Take 5 minutes to read this article to find out the answer with XAIGATE!
How is Crypto Changing the Script in Commerce?
It’s no exaggeration to say that crypto is shaking up the world of payments. It’s a revolution similar to how email killed off handwritten letters. But honestly, the impact of crypto is much more complicated than just replacing stamps with “@”.
Here’s the deal: crypto is fueled by the mindset of today’s young generation. Millennials and Gen Z are the ones who hold the majority of global purchasing power today. Some of them are obsessed with technology the way they love bubble tea. For them, paying with cryptocurrencies like Bitcoin or Ethereum is not only convenient but also a reflection of a modern lifestyle.
Who’s not feeling the vibe? Central banks and financial institutions may not be too happy with this new wave. Instead of requiring a third party to confirm transactions, blockchains like Bitcoin or Ethereum allow peer-to-peer (P2P) transactions. This means that power is gradually shifting from centralized institutions to the hands of users. No wonder old-school finance is scrambling to catch up the trend. For example, PayPal has implemented PayPal Crypto because it does not want to lose some of its control over global money flows.
The presence of crypto also blurs trade borders. If you sell products on WooCommerce, supporting crypto payments helps you expand your market without worrying about intermediary costs or complicated procedures. With crypto, your small business has a shopping passport to go global.
Why should businesses accept crypto on WooCommerce?
WooCommerce is The Perfect Playground for Crypto Payments
Did you know WooCommerce accounts for 23% of the global eCommerce market share? So with just a small improvement as accept crypto on WooCommerce, you are already far ahead of many competitors who are still conservative in this matter.
Open-Source Freedom
WooCommerce is open source, which means you can tweak, customize, and shape it however you want. Want to accept Bitcoin, Ethereum, or even Dogecoin? All you need to do is install a plugin like XAIGATE, and voilà, you’re in the game.
WooCommerce has enough flexibility to keep your store up to date. While some platforms are still quite conservative with traditional payment methods, how about trying something new for your WooCommerce store?
Suitable for all types of businesses
WooCommerce is suitable for all types of businesses, from small shops to large online corporations. They have tools to make accepting crypto on WooCommerce safer for sellers. More importantly, they really accompany the growth of your business.
For small businesses, you need to weigh every penny to make it worth it, right? WooCommerce is free to install, and integrating crypto payment plugins like XAIGATE is also inexpensive. Besides, small businesses often have headaches because of fraudulent refunds. If you expand the payment method to crypto for some high-value items, all transactions cannot be reversed. This will make sellers feel more secure. Finally, you can sleep better at night without worrying too much about avoiding scams!
With a large scale, businesses can develop their own plugin for internal blockchain thanks to the open source mechanism. Since large corporations often require high security standards, WooCommerce also supports multi-layered security protocols.
Global market exposure
Let’s take the previous example: You run a handicraft business in South Africa. One day, a Canadian customer wants to buy Bitcoin. It just so happens that your WooCommerce store supports XAIGATE payment gateway. And boom, you have money in your pocket in minutes with a transaction fee of only 1%. Perfect!
Crypto opens up business opportunities for regions that are underserved by payment systems. Like credit cards or lack of easy access to banking. With a smartphone and a crypto wallet, people in these underserved regions can create unlimited potential for their WooCommerce store.
Accept crypto on WooCommerce with XAIGATE!
The first step to getting your WooCommerce store on the cutting edge is finding a reputable crypto payment gateway. Give XAIGATE a chance!
XAIGATE is more than just a crypto payment gateway. It is designed as a super assistant that helps businesses easily process crypto payments with a 24/7 customer care team. When integrated with WooCommerce, the popular eCommerce platform, the duo becomes a perfect match.
Why choose XAIGATE?
Let’s take a look at some of the outstanding benefits if you accept crypto on WooCommerce store with XAIGATE:
- Super low transaction fees: only 0.2%, no hidden fees.
- Support for a variety of cryptocurrencies, including stablecoins and the trendiest altcoins! XAIGATE customers will have a wide choice of more than 100 cryptocurrencies.
- Superior security with blockchain technology and advanced encryption.
- The immediate fiat conversion feature helps customers not worry too much about cryptocurrency price fluctuations.
How to get started with XAIGATE?
It’s simple, let your WooCommerce store start accepting crypto payments and follow these steps:
- Download the XAIGATE plugin from the WordPress library.
- Connect to your XAIGATE account, choose the crypto type to accept.
- Set the necessary customizations.
- Ready to trade now!
Need a step-by-step guide to accept crypto on WooCommerce? XAIGATE has got you covered HERE!
If you haven’t started yet, click here to learn more and get started! 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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