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 gateway for crypto payments on Shopify. Today, with XAIGATE, let’s dive into the topics of what Shopify is, how to accept gateway for 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 gateway for 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 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.
You might be interested in learning about WooCommerce: XAIGATE: Best gateway to enable WooCommerce pay with crypto function
How do we integrate a gateway for crypto payments on Shopify?
Next, let’s learn about how to integrate gateway for 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
Before moving on, let’s take a look at what exactly are gateway for crypto payments on Shopify. 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.
Learn more about crypto payment gateways in greater details: What is crypto payment gateway: A comprehensive guide
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 gateway for crypto payments on Shopify
So, why should you considering adding gateway for 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. Cryptocurrency Payment Gateway for Business 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.
If you are interested, reach out today and we are always happy to answer all your questions and concerns! At Ethereum Payment Gateway, 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.
XAIGATE is a secure and user-friendly crypto payment gateway that allows businesses to accept cryptocurrency payments from customers around the world. With Accept crypto on WooCommerce, businesses can easily integrate cryptocurrency payments into their existing websites or online stores.
How can businesses integrate a cryptocurrency payment gateway into their Shopify store, and what are the key advantages?
Integrating a cryptocurrency payment gateway into a Shopify store is straightforward and offers several advantages for businesses. Here’s a step-by-step guide and the benefits of using a crypto payment gateway like XAIGATE:
Integration Steps:
Choose a Crypto Payment Provider: Select a reliable provider like XAIGATE, which supports multiple cryptocurrencies and offers secure transactions.
Install the App: Log in to your Shopify admin panel, navigate to the app store, and install the XAIGATE payment gateway app.
Configure Settings: Set up your account, connect your crypto wallet, and customize preferences like accepted currencies and payment methods.
Test the Gateway: Perform a test transaction to ensure everything functions smoothly.
Go Live: Enable the gateway on your store, allowing customers to make payments in their preferred cryptocurrency.
Key Advantages:
Global Reach: Accept payments from customers worldwide without the limitations of traditional banking systems or high foreign exchange fees.
Secure Transactions: Blockchain technology ensures secure, tamper-proof transactions, reducing fraud and chargeback risks.
Low Processing Fees: Crypto payments typically have lower transaction fees compared to traditional payment methods.
Quick Settlements: Funds are transferred almost instantly, improving cash flow for your business.
Customer Convenience: Offering crypto payments attracts tech-savvy and crypto-friendly customers, expanding your customer base.
Seamless Integration: XAIGATE’s Shopify app is designed for quick installation and hassle-free use, ensuring merchants can adopt crypto payments effortlessly.
By integrating XAIGATE, businesses can modernize their payment options and take advantage of the growing demand for cryptocurrency transactions.
How can I set up a crypto payment gateway on my Shopify store to accept cryptocurrency payments?
Setting up a crypto payment gateway on your Shopify store is a great way to expand your payment options and reach a broader audience. Follow this simple guide to integrate a crypto payment gateway and start accepting cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and many others.
1. Choose a Crypto Payment Gateway
To begin, select a reliable and secure crypto payment gateway like XAIGATE, which offers seamless integration with Shopify. XAIGATE supports multiple cryptocurrencies, has low fees, and ensures fast, secure transactions.
How to Choose: Look for features like low transaction fees, multi-crypto support, easy integration with Shopify, and robust customer support. XAIGATE provides all these features along with support for various altcoins.
2. Install the Payment Gateway App on Shopify
Next, you need to install the XAIGATE payment gateway app from the Shopify App Store or directly from the XAIGATE website. The app will help integrate the crypto payment system into your Shopify store, allowing your customers to choose cryptocurrency at checkout.
How to Install:
Go to the Shopify App Store and search for XAIGATE.
Click on Install and follow the prompts to integrate the app with your Shopify store.
Alternatively, you can visit the XAIGATE website and follow installation instructions for Shopify integration.
3. Configure Payment Settings
After installing the app, go to your Shopify Admin Panel to configure the payment settings for the crypto gateway. This is where you’ll enter your merchant credentials and set your preferences.
How to Configure:
From the Admin Panel, go to Settings > Payments.
Look for the XAIGATE option under Alternative Payment Methods.
Enter the required details, such as your API key and merchant ID, provided by XAIGATE.
Select the cryptocurrencies you want to accept (Bitcoin, Ethereum, Litecoin, etc.).
Set up any additional preferences, like minimum payment amounts or currency conversion settings.
4. Enable Crypto Payments at Checkout
Once the gateway is configured, enable it at checkout so that customers can choose crypto payments.
How to Enable:
Under the Payment Settings, make sure XAIGATE is activated for use at checkout.
Your customers will now see the option to pay with cryptocurrency during the checkout process.
5. Test the Integration
Before going live, it’s crucial to test the integration to ensure that the payment gateway works properly.
How to Test:
Make a test purchase using a cryptocurrency payment option. Verify that the transaction is processed correctly, the payment is recorded, and the customer receives the confirmation email.
Check your Shopify Admin Panel to see the order status and transaction details.
6. Go Live
Once testing is successful, you’re ready to go live! Customers can now choose to pay with cryptocurrency at checkout, making the shopping experience more diverse and appealing.
How to Go Live: Monitor your crypto transactions through the XAIGATE dashboard. Ensure that all transactions are recorded, and the funds are correctly transferred to your wallet.
Benefits of Using XAIGATE on Shopify:
Wide Cryptocurrency Support: Accept a variety of cryptocurrencies, including Bitcoin, Ethereum, and more.
Secure Transactions: Blockchain technology ensures secure and transparent transactions.
Low Fees: Crypto payments generally have lower processing fees than traditional payment methods.
Global Reach: Accept payments from customers worldwide without worrying about international fees or currency conversion issues.
No Chargebacks: Cryptocurrency transactions are irreversible, eliminating the risk of chargebacks.
Conclusion:
By integrating a crypto payment gateway like XAIGATE into your Shopify store, you can offer your customers a seamless and secure way to pay with cryptocurrencies. The process is straightforward and offers numerous benefits, including lower fees, global accessibility, and enhanced security. Follow these steps to set up your gateway and start accepting cryptocurrency payments today!
How secure are crypto payment gateways on Shopify?
Crypto payment gateways on Shopify are generally secure due to the use of robust encryption and blockchain technology. Shopify integrates with trusted payment processors that follow industry-standard security protocols such as SSL encryption, two-factor authentication (2FA), and regular audits to protect both merchants and customers.
Additionally, since cryptocurrency transactions are decentralized and transparent, they offer enhanced security by eliminating the need for intermediaries. However, merchants should also ensure they are using reliable third-party gateways that comply with data protection regulations and industry standards for further security.
If you need specific recommendations or integration options, XAIGATE can assist you in selecting the best options for your Shopify store.