XAIGATE: Ideal gateway to accept crypto payments on Shopify
In recent years, eCommerce store owners and businesses have started to adopt cryptocurrencies as one of their main payment methods as consumers are choosing crypto more and more due to their security and privacy. And, Shopify, one of the most well-known online commercial platforms, is no exception when it comes to the increase in crypto payments on Shopify. Today, with XAIGATE, let’s dive into the topics of what Shopify is, how to accept crypto payments on Shopify, and the advantages of integrating XAIGATE into your Shopify store.
What is Shopify?
First, let’s discuss the background on Shopify before going into crypto payments on Shopify in later sections. Shopify, much like WooCommerce, is a multi-channel eCommerce platform for online stores across many channels, such as web, mobile, social media, marketplaces, and pop-up shops.
Shopify is an All in one Ecommerce Platform
Shopify can be used together with WordPress to expand the merchants’ business and employ WordPress’s many helpful features to run the store. However, unlike WooCommerce, which is a built-in plugin for WordPress, Shopify is a all-in-one eCommerce platform that merchants can use to build their online store website, develop, manage their businesses, and perform functions such as billings and payments. Both WooCommerce and Shopify are the most well-known and trusted platforms that store owners around the world use to run their eCommerce businesses.
Next, let’s learn about how to integrate crypto payments on Shopify platform! Recognizing the potential of cryptocurrencies and the rise in consumers choosing crypto as their currency exchange of choice instead of traditional fiat currencies, as of 2020, Shopify announced that they would start accepting crypto payments as a payment method. This means that as a Shopify seller, merchants can accept crypto payments from consumers by integrating a crypto payment gateway on the platform.
However, Shopify does not have a built-in crypto payment solution readily available for merchants to use. Thus, there is a need for third-party payment gateway services who specialize in handling crypto transactions.
Crypto Payment Gateways on Shopify Process and Settle Crypto Payments
Crypto payment gateways
Before moving on, let’s take a look at what exactly are crypto payment gateways. Cryptocurrency, different than traditionally-used fiat currencies such as USD, is a digital form of currency. Therefore, in order to accept crypto from consumers, merchants need to use their own crypto wallets or use a crypto payment gateway service to process and settle the payments. Since using one’s own crypto wallet requires a lot of expertise, time, and management efforts from store owners as well as comes with significant security risks, many opt for a crypto payment gateway.
A crypto payment gateway, in short, is a bridge between merchants wanting to accept crypto and consumers choosing to pay in crypto for services and goods. A crypto payment gateway accepts, processes, and settles crypto payments from customers into merchants’ wallets in a seamless, fast, and secure manner.
a Crypto Payment Gateway Acts As a Bridge Between Merchants and Customers
How to integrate payment gateways to accept crypto payments on Shopify
As discussed above, in order to accept crypto payment gateways on Shopify, eCommerce store owners need to integrate a crypto payment gateway service into their Shopify store. And, this can be done by these steps:
Sign up and create an account at one of the Shopify-compatible crypto payment gateways
Link your gateway account to your Shopify by going into the store settings: Settings –> Payments –> Additional payment methods –> Add more payment options –> Click on the payment gateway of choice –> Activate –> Connect.
Enter your login information, choose the cryptocurrencies you want to accept, activate, and you are ready to go!
Benefits of accepting crypto payments on Shopify
So, why should you considering adding crypto payments on Shopify? There are many advantages in doing so, and these include:
Global customer outreach: Since crypto is being used more and more nowadays, and it can be accessed by anyone all around the globe, enabling crypto payment method into Shopify attracts consumers from many countries to use the site for goods and services.
Security and privacy: Because of cryptocurrencies’ decentralization and user anonymity nature, using crypto as a payment exchange method guarantees privacy and security for both merchants as well as consumers.
Low fees: Transaction fees by crypto payment gateways are significantly lower than those of fiat currencies such as credit cards since there are no intermediaries in the form of banks or other regulators during crypto payment processing.
Speed: Paying with crypto on Shopify through a gateway is a seamless, swift, and convenient way to pay for goods/services which only takes seconds to complete.
No chargeback: Blockchain transactions are irreversible, so chargeback fraud is prevented for merchants who are worried about online crimes and frauds.
XAIGATE: Best payment gateway to integrate crypto payments on Shopify
If you are considering crypto payments for Shopify store, XAIGATE is an ideal option if you are looking for a safe, secure, and convenient gateway with an affordable cost. Our gateway can be integrated into your Shopify store seamlessly and securely, and some of our other outstanding features include:
Low processing fees: Our fee is competitive at 0.2%
No monthly maintenance cost: We also don’t have monthly maintenance cost so you don’t have to worry about additional fee
Easy setup: User-friendly UX/UI, easy integration into your Shopify store
Invoice services: XAIGATE assist clients with requesting payments and processing them through our blockchain API.
Global payments: We accept crypto payments from all over the world, including BTC, ETH, LTC, BCH, LINK, DOGE, USDT and more 9.866+ different coins, helping you reach customers from all around the globe.
Xaigate Best Cryptocurrency Payment Gateway for Shopify
If you are interested, reach out today andwe are always happy to answer all your questions and concerns! At XAIGATE, our professional and passionate support team full of experts are with you every step of the way to make sure you can integrate our gateway into your business and advance your Shopify store to the next level.
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