8 Top Crypto Payment Gateways for WooCommerce

Last updated on December 9th, 2024 at 10:29 am

What if you could receive payment on your WooCommerce store without any hassle through a crypto payment gateway? Guess this sounds unbelievable to you. Read through to learn more about the 8 top payment gateways for WooCommerce.

A cryptocurrency payment gateway is gaining traction for its lower fees and real-time conversion. According to BlockchainNews, it’s estimated that over 300 million people have a cryptocurrency, and that’s 3.7% of the world population. Little wonder there’s a wider adoption of crypto payment gateways by most e-commerce stores, and WooCommerce is not an exception.

Why Cryptocurrency Payment Gateway?

The preference for a crypto payment gateway by customers stems from the multiple benefits they enjoy while using it with minimal or no drawbacks. On the other hand, credit cards have become unsecured, coupled with high fees. Here are some benefits we’ll be considering:

Wider Acceptance

Cryptocurrency has a reach across the globe and offers new opportunities for transparency and trust. It’s bridging the gap between traditional financial institutions with fast and secured payment.

No Interference

Decentralization of finance has helped to secure digital assets through a distributed ledger on the blockchain without any external interference. This has provided customers with access to financial services and capital without the stress and rigor of traditional banking.

Real-time Payment

Crypto offers instant payment and conversion of digital assets to an e-commerce store. This has helped build the credibility of the crypto payment gateway.

Lower Fees

Customers enjoy lower fees with crypto compared with credit cards. Lower fees mean higher returns and accumulated savings.

Security

It offers security and privacy through its blockchain technology. This comprehensive risk management system assured customers of industry best practices to protect assets from fraud and hackers.

Wider demographic and gender

People are more likely to own crypto considering its marketcap of 2.57 trillion. This alone is enough to compel people to invest in digital assets, knowing they have a high return on investment.

Top Payment Gateways

1. Coinbase Commerce

Coinbase is a top cryptocurrency exchange with an easy-to-use plugin for accepting crypto payments in Bitcoin, Bitcoin Cash, DAI, Ethereum, Dogecoin, USD Coin, Tether, Apecoin, Shiba Inu, etc. Coinbase provides secured and real-time payment through blockchain technology.

2. Blockonomics

Blockonomics is a decentralized exchange that accepts and tracks crypto payments. It allows online merchants to accept payment on their website while tracking it through a feature called Wallet Watcher to access the wallet, optimize the score, and upgrade it.

3. Depay

Depay is a top plugin that supports over 1000+ tokens for seamless transactions. Depay multi-chain Web3 payment allows merchants to receive payment on their preferred token through its secured and fast blockchain technology. Depay offers WooCommerce merchants instant cash flow to receive and settle payments in real time and also automatic conversion of tokens.

4. BitPay

BitPay offers fast and reliable integration for crypto payment in WooCommerce. BitPay protects sensitive customers’ information by sending cryptographic assets from their devices to a payment address. Once the payment is received, BitPay converts it to the preferred payment. Funds are secured through blockchain technology without any hassle.

5. CryptoPay

CryptoPay offers WooCommerce alternatives for accepting crypto payments through a secure and convenient means at 1% processing fee. CryptoPay possesses a user-friendly interface with extensive features to store and withdraw digital assets. It provides improved efficient security of 2-factor authentication with face and finger authentication to protect customer accounts.

6. NOWPayments

NOWPayments offers WooCommerce varieties of digital assets by accepting more than 100 cryptocurrencies. It charges low fees with seamless payment gateway integration. It offers 24-hour automatic coin conversion and instant withdrawal. NOWPayments secures customer’s data by encryption and allows preference of coins by customers.

7. CoinGate

CoinGate connects to Woocommerce modular store to automate crypto processing and invoice system for a seamless customer experience. CoinGate has over 70 digital assets that are converted instantly to fiat currencies after payment. CoinGate offers an extension to customers that use the WordPress Woocommerce shopping cart system to receive Bitcoin and Altcoins through CoinGate API.

8. BTCPay Server

BTCPay Server is an open-sourced payment gateway for individuals and businesses to accept crypto payments online or in person. BTCPay Server is a self-hosted and secure system built on blockchain technology to present invoices to customers automatically.

Cryptocurrency Vs other WooCommerce Payment Alternatives

Cryptocurrency comes in handy with security focusing on decentralization and protection of user data. This quality is the opposite of credit card payment.

Crypto Payment Security

Crypto is built on blockchain technology, a shared ledger where all payment history are recorded for reference purposes. For instance, the decentralization of crypto is to improve blockchain security and scalability.

To create a wallet, you don’t need to input your personal information, such as name, date of birth, occupation, etc., to expose your identity.

Bank Payment Security

While payment with a card allows banks to access and process your information with the involvement of a third party.

To create a bank account, you must provide your personal information to process and verify your identity.

Final Words

Accepting crypto payments on WooCommerce is an innovative and secure idea to improve business sales. This has widened WooCommerce’s demographics.

FAQ