Best Cryptocurrency Payment Gateways for WooCommerce
Are you looking to add a cryptocurrency payment gateway to your WooCommerce store? Cryptocurrencies are very popular these days, and you can accept crypto payments in your WooCommerce store just like regular payments. In this article, we will show you the best cryptocurrency payment gateways for WooCommerce.
But before we dive into the payment gateway options, let’s first understand what cryptocurrency is and why we should consider accepting crypto payments.
What is Cryptocurrency?
A cryptocurrency is a digital form of currency that is managed by a decentralized system called Blockchain. Since cryptocurrencies use a decentralized system, banks or any government organizations will not have any control over them. Bitcoin was the first cryptocurrency created back in 2008. And according to the market capitalization, it is the #1 crypto in the world, followed by Ethereum, USDT, and USDC.
Crypto mining and other similar technologies back most cryptocurrencies. To store the crypto, you need to get a wallet. You can use an exchange like Binance, Bittrex, KuCoin, or any other wallets like TrustWallet, MetaMask or Exodus, and so on.
So, that was the basic concept of cryptocurrencies. Now the question is, Why should you consider accepting crypto payments? Let’s find out.
Why Should You Consider Accepting Cryptocurrency Payments?
Cryptocurrencies are definitely the currency of the future. Therefore, you should at least consider integrating cryptocurrency payments into your WooCommerce store for a better future and more stability.
Accepting cryptocurrency as a mode of payment can give you some substantial advantages. For example:
- Crypto will make money transactions a lot easier and more secure. You can cut down any mediator or middleman like banks, etc.
- There is no max limit regarding the transaction value or limit.
- The Blockchain is a decentralized system that keeps all transactions secure and is publicly accessible.
- Multiple exchanges are available to deal with crypto. You can use any of them to send/receive cryptocurrencies.
- Accepting cryptocurrency is simple in WordPress. You do not need to get into any coding-related things. A simple plugin can help you integrate the crypto payment gateway with WordPress.
However, since crypto is very volatile, the prices can be varied according to market conditions. You can expect huge profits in a day or lose all your money. So, it is a little risky to invest in. Thus, you should only enter the crypto market if you are ready to take risks and move forward with the latest technology standards.
Hopefully, by now, you are clear on what crypto is and why you should accept it as a payment method. Now, let’s have a look at some of the best cryptocurrency payment gateways for WooCommerce.
Best Cryptocurrency Payment Gateways for WooCommerce
Finally, it is time to introduce you to our list of the best cryptocurrency payment gateways for WooCommerce. We have collected a list of 5 of the most useful plugins you can use to add a cryptocurrency payment gateway to your WooCommerce store. They are:
- Coinbase Commerce
- MyCryptoCheckout
- BTCPay for WooCommerce V2
- Crypto.com Pay Checkout for WooCommerce
- CoinGate for WooCommerce
Let’s see what each plugin has to offer.
1) Coinbase Commerce
Coinbase is one of the most popular cryptocurrency exchanges in the market, and this is their official WordPress plugin. Coinbase Commerce is an excellent addition to your WooCommerce store if you wish to start accepting any crypto transactions on the checkout page. The plugin can accept multiple cryptocurrencies such as Bitcoin, Bitcoin Cash, DAI, Ethereum, Dogecoin, USD Coin, Litecoin, Tether USD, and so on.
Creating a Coinbase account generates a dedicated API key to connect with this plugin. After configuration, the plugin will show cryptocurrency as a payment method at checkout.
The main advantage of Coinbase commerce is the easy-to-use configuration panel. You can easily enable/disable the payment method from the WooCommerce settings page. Furthermore, since all the coins are directly credited to your linked Coinbase wallet, you can choose to hold them or withdraw them for cash.
Compared to other popular cryptocurrency exchanges, Coinbase will charge you a lower fee for transactions. So, you are not losing much money from your profits. Lastly, the plugin is secure, and the development team is already working on improving the features and stability.
Features
- Easy to use
- Connects directly with the Coinbase account
- Accept multiple currencies
- Secured framework
- Lower fees
Pricing
Coinbase Commerce is a freemium WordPress plugin. You can get the free version of the plugin from the WordPress plugins repository. On the other hand, the premium plans, with more unique features, are available at a starting price of $29.99 per year for a single site license.
2) MyCryptoCheckout
MyCryptoCheckout is a popular option in the market for accepting 200+ cryptocurrencies directly to your wallet. The most popular feature of this plugin is auto settlements. Once a customer pays for the order through any crypto, you can instantly sell it for profit. No need to log in to your exchange to do it manually. The plugin will take care of it automatically and give you USDT or any other stablecoins. This way, you can be safe from market volatility.
Currently, MyCryptoCheckout offers integration with popular exchanges like Binance and Bittrex. But their development team is working hard to bring more businesses to the platform.
Moreover, adding custom tokens to the checkout page is very compact and straightforward. There are hundreds of cryptocurrencies popping up in the market every day. So if you need to accumulate any specific currency, you can add it to the plugin and integrate it with the checkout page.
Besides, with the MyCryptoCheckout donation widget generator, you can easily create a widget to accept crypto donations. The process is straightforward, and all you need to do is add something like the currencies you get, QR code, wallet address text, etc.
Since it is a shortcode, you can insert it into any of your pages with the Gutenberg shortcode block or through the text editor. To prevent other website administrators from editing the current plugin’s configuration, you can add a snippet to your wp-config.php file. This is an additional layer of security, which can be very helpful in many situations.
Features
- Autosettlement
- Donation widget
- Accepts 200+ currencies
- Secured environment
- Add custom tokens
Pricing
MyCryptoCheckout is a free WordPress plugin that provides you with a fully-functional crypto payment gateway at no cost.
3) BTCPay for WooCommerce V2
If you are looking for the most secure and open-source platform to accept BTC or any other crypto payments, you should try BTCPay for WooCommerce V2. You can use BTCPay as a self-hosted tool on your server or any other third-party server. Since you host it inside your server, you own all the files, and it will be in a much more secure environment.
The good thing is that BTCPay has removed transaction fees and processing fees from the environment, so you do not need to spend any extra money. This will help you with more profit and fewer expenses.
Besides BTC, the plugin can also help you pay through Altcoins. You can enter your wallet address in the plugin settings, and all the payments will be directly credited to the linked wallet address.
Moreover, the buttons are easily embeddable, so you can insert them wherever you need. The tool has bulletproof security to protect your and your customer’s data. It will prevent IP leaks and similar possible threats so you can have peace of mind. Finally, you do not need to complete the KYC (Know Your Customer) process to use the plugin.
Features
- Zero transaction fees
- No processing fees
- Altcoins supported
- Enhanced privacy and security
- No KYC
Pricing
BTCPay for WooCommerce V2 is a free WordPress plugin. So, go on and enjoy the best features of this plugin, absolutely free.
4) Crypto.com Pay Checkout for WooCommerce
This is the perfect plugin if you have a Crypto.com merchant account and need to connect it with your WooCommerce site. Crypto.com Pay Checkout for WooCommerce is a popular plugin that can accept cryptocurrencies and pay you in fiat/stablecoins. It is one of the CST effective and secure methods for accepting crypto payments for your WooCommerce orders.
With this plugin, anyone with any wallet can send you crypto payments. Your customers do not need to be on the crypto.com platform. To make your customers happy and increase conversion, you can offer cashback. This cashback will be in crypto.com pay rewards, and you will have total control over it.
Moreover, you can customize everything according to your interest, and the plugin will take care of the rest. After a customer pays you, you can get settled in a bank transfer or any other major cryptocurrency. Every incoming transaction will be visible in the merchant dashboard.
Furthermore, customers will have multiple options to pay from. They can complete the payment using BTC, ETH, or any currency you have enabled on the site. Besides, it is important to tell the customer that CRO chain (Crypto.com chain) transactions will give them cash back, so they could get something in return after completing the order.
Features
- Accept multiple cryptocurrencies
- Get settled quickly
- Cashback offers
- API integration
- Detailed reporting
- Cost-effective
Pricing
Crypto.com pay checkout for WooCommerce is a free tool. You can download the plugin from the WordPress plugins repository without paying a cent.
5) CoinGate for WooCommerce
CoinGate is a popular platform used for crypto trading and dealing with sending and accepting cryptocurrencies. This is the right plugin if you are an existing CoinGate user and need to integrate your account with WooCommecre. CoinGate for WooCommerce is a plugin that can deal with 70+ cryptocurrencies regarding payments. Furthermore, the plugin works automatically, so you can forget it once you have configured the essentials.
While listing WooCommerce products, you can use any local currency like USD, CAD, or AUD. Then, the plugin will automatically convert the pricing according to the crypto exchange rates and display the equivalent amount in crypto at the checkout page. A small flat fee of 1% is applied to every crypto transaction, which seems pretty reasonable.
Moreover, with the dedicated Coingate dashboard, you can easily track incoming funds. Inside the dashboard, you will see everything you need to know about your business transactions. To test everything before going live, CoinGate offers a sandbox environment where you can try the plugin and see the results.
In addition, the tool will regularly update the crypto exchange rates, so your store will be updated with the latest crypto prices. Finally, you can automatically convert all your collected crypto to fiat daily. This can help you cash out the funds immediately.
Features
- Supports 70+ currencies
- Automatic refunds (in case of failed payments)
- Automatic invoice generation
- Dedicated dashboard for tracking
- Lower fees
Pricing
CoinGate is yet another free WordPress plugin to accept cryptocurrencies. The plugin is readily available via the WordPress plugin repository, so you can download it without any hassle.
Conclusion: Best Cryptocurrency Payment Gateways for WooCommerce
All in all, accepting cryptocurrencies is the next step to expanding your online business. If you need to keep up with the latest technologies for the future, you should start dealing with crypto. So, we brought you this post to help you pick the best cryptocurrency payment gateway for WooCommerce.
Popular crypto exchanges like Coinbase, Crypto.com, and CoinGate have their own secured plugins directly linked to their exchange wallets. Their plugins are Coinbase Commerce, Crypto.com Pay Checkout for WooComemrce, and CoinGate for WooCommerce respectively. All the plugins are seamlessly integrated with their original crypto exchange but also work with any other exchange.
On the other hand, BTCPay is an open-source solution that can give you more privacy features. With it, you can accept any major cryptocurrencies or other available Altcoins. MyCryptoCheckout is another tool you can use to accept more than 200 cryptocurrencies. You can use the plugin if you plan to accept a wide range of cryptocurrencies.
In the end, the choice of the plugin is very subjective and depends upon your needs and requirements. We hope that this article will help you make the right choice for your business.
We hope you have found this article helpful and learned more about cryptocurrency payment gateways for WooCommerce. Please consider sharing this article with your friends and fellow bloggers on social media if you do. You can also check out our blog archive for more valuable resources.
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