Crypto.com, the world’s fastest growing cryptocurrency platform, said Shopify merchants can now enable Crypto.com Pay in their online stores. It provides customers with more ways to make purchases with cryptocurrency. Shopify merchants using Crypto.com Pay will enjoy 0% billing fees for one month.
Shopify and the world of cryptocurrency.
This is not the first time that Canadian e-commerce company Shopify has entered the world of cryptocurrency. It recently partnered with crypto payment platform Strike to help merchants. This allows US traders to profit from their sales more quickly.
The market is down but the company remains bullish on the use of cryptocurrencies. Their view is that 25% of the world’s population can access BTC through their platform. Shopify has a division focused on blockchain technology, and its president, John S. Lee, celebrated the new partnership with Crypto.com.
John S. Lee said:
“We are passionate about helping Shopify merchants provide customers with another fast and convenient way to pay for their orders online. The growing blockchain ecosystem demonstrates our commitment to supporting merchants with alternative payment methods in their storefronts, helping to expand what is possible in commerce.”
Crypto.com Pay integration with Shopify.
Shopify merchants can accept cryptocurrency as a payment method by integrating Crypto.com Pay with Shopify.
Shopify, the giant Ottawa-based e-commerce platform, is quietly rolling out crypto-related features to its platform. The crypto.com partnership is the latest move by merchants to accept cryptocurrencies.
Also Read: Promote Your Shopify Store With Facebook Ads
Last month, Strike, a US digital payment platform based on the Bitcoin Lightning Network, announced its integration with Shopify. This allows Shopify merchants based in the United States (US) to receive bitcoin payments in USD from customers around the world.
Additionally, Shopify’s other cryptocurrency integrations include Coinbase Commerce and BitPay. Crypto.com claimed that after merging with Shopify, it would waive a 0.5% settlement fee for all transactions within one month to Shopify for Business. The offer is available to all traders who signed up for Crypto.com Pay until June 30th.
With Crypto.com Pay, buyers can pay with more than 20 tokens, including Bitcoin, Ethereum, Cronos, Shiba Inu, Dogecoin and ApeCoin.
Crypto.com Pay allows merchants to receive cryptocurrency instantly without transaction fees using Shopify integration. The company is working to make this deal available in real time to all crypto.com users, not just Shopify sellers.
Crypto.com also offers payment rewards to customers who pay with tokens. This bonus is up to 10% during the offer period.
This integration highlights Crypto.com Pay as the preferred cryptocurrency payment app for online merchants who want to accept cryptocurrency.
Crypto.com Pay and its features.
Created in 2016, crypto.com is a cryptocurrency trading app. Currently, it has more than 250 cryptocurrencies and more than 50 million customers in 90 countries.
It is currently headquartered in Singapore and employs approximately 5,000 people with offices in the United States, Europe and Asia.
Since its launch in 2018, Crypto.com Pay has helped merchants such as TIME Magazine, Ledger, and Coinzilla. It has helped platforms like WooCommerce enter the global crypto economy to accept cryptocurrencies on their sites.
Crypto.com provides more than 50 million users worldwide. Crypto.com Pay allows merchants to receive cryptocurrency instantly without incurring transaction fees.
In addition, the transactions are in real time and available to all users of the crypto.com application. To facilitate merchants’ payment activities, crypto.com offers customers up to 10% cashback.
Crypto.com Payment Features:
- Zero transaction fees
- Only 0.5% settlement fee – 80% savings compared to typical payment processors
- There are no setup fees and dealers can be on board in minutes.
- Customers can pay with more than 20 tokens.