The cryptocurrency market size is forecast to reach USD 2.2 billion by 2026 from USD 1.6 billion in 2021. The growth rate will be a CAGR of 7.1%, according to MarketsAndMarkets. Now, Shopify merchants can accept crypto payments with the help of Crypto.com Pay. This article is about how you can accept payments from your customers who make purchases with cryptocurrencies.
Accepting Crypto Payments on Shopify
Cryptocurrencies, a form of digital or virtual currency, can be transferred among people over the internet. If you’re a Shopify merchant, you can now enable Crypto.com Pay on your online storefronts. Now, your customers can enjoy more ways to make purchases with cryptocurrencies.
Today, the cryptocurrency platform Crypto.com enables merchants to receive instant cryptocurrency payments from Crypto.com users from any corner of the world. Access is available for tokens Bitcoin, Ethereum, Cronos, Shiba Inu, Dogecoin, and not only.
Crypto.com is going to waive the 0.5% settlement fee on transactions that will be processed during the first month. Crypto.com Pay doesn’t set any transaction fees for the service and charges only 0.5% settlement fees. According to the service provider, it’s an 80% saving on fees as compared to traditional payment processors.
Accepting Cryptocurrency Payments from Your Customers
If you’re looking for a payment method that supports cryptocurrencies, you need to turn to a reputable payment expert that can help you accept this type of payments conveniently and cost-effectively.
On Shopify, you might be required to pay third-party transaction fees for payments processed gateways. However, you should look at your store’s Shopify plan for the fees charged.
If crypto payments are what you’re interested in, consider working with an innovator in the payments field that pays exceptional attention to multi-currency processing and digital payments. With a true payment expert, you can be sure to get fast and easy access to the right merchant processing solutions and tools for your business needs. As a result, you can start running your business effectively within your industry.
Shopify Enables Instant Payments for Merchants
You can accept instant cryptocurrency payments on Shopify through Crypto.com Pay. This crypto platform brings this capability to customers and merchants from any corner of the world. If you need help with global payments, consider working with a respected payments company to enjoy the best for your business.
Author Bio: Content crafter Alex Wilmont has been active in the payments industry for over 15 years. He lives simply, gives generously, and loves his 2 dogs. His mission is to enhance and innovate the fintech industry for years to come.