Modernizing your business may imply updating your current content management systems to better engage your target audiences with blockchain and crypto technologies and digital assets. In other words, companies may offer products and services compatible with blockchain technologies while integrating tools and systems to earn more profit from end-users.
For instance, Businesses may integrate plugins into their content management systems (CMS) and mobile app platforms that allow crypto payment gateways. These payment gateways may accept different crypto and blockchain currencies while offering additional security for each transaction. To learn more about blockchain development services and the crypto technologies best suited for your business, enterprises may reach out to a local Los Angeles blockchain development company, like Sunlight Media LLC.
What are Crypto Payment Plugins?
Known as extensions, plugins are available on content management system (CMS) libraries for download. While there are free or open source options available for various systems, payment gateways may vary on price, functionality, and compatibility with different platforms and systems. These features include crypto modules that assist both businesses and end-users with signing into documents, accessing and interacting with online or digital files, or making different eCommerce transactions through the use of “tokens” that run cryptography on both brand systems and networks.
These systems are typically applicable for main content management systems such as WordPress, Woocommerce, Shopify and more. When customers opt-into purchasing products or services through a crypto payment gateway installed on an online system such as WordPress, they may first navigate to the in-store website or mobile application, a separate online web page or in-app tab to continue with the transaction. During the checkout process, the crypto payment plugin may accept clients’ digital currency payments and then convert the payment according to current monetary market value. For startup or existing businesses seeking to benefit from crypto technologies, there are several advantages and disadvantages of using cryptocurrency for business worth considering.
Popular Crypto Payment Plugins for eCommerce
CryptoWoo
CryptoWoo is a popular bitcoin and altcoin payment gateway with plugin integration. When on the Woocommerce platform, eCommerce sites may continue to process traditional payments while accepting digital assets through the crypto plugin. For example, CyrptoWoo accepts variations payments such as Bitcoin, Bitcoin Cash, Ethereum, and more.
ECommerce enterprises rely on CryptoWoo for many different reasons. For instance, the platform does not include any wallet restrictions, reduced transaction fees compared to traditional credit or debit card payments, and includes bank fraud protection services. For added functionality, CryptoWoo offers configurable settings within its dashboard, which enables users to select different API’s needed for accepting different crypto payments and modify token applicability for add-on features.
GoURL
GoURL is a bitcoin payment gateway with paid download and membership transaction services. As an open-source bitcoin and altcoin payment gateway, the plugin does not require any additional charges for fees or use, consists of vritions of services in different languages, and automation configurations for personalized transactions. When setting up GoURL, businesses may apply their company logo for increased brand awareness and transparency of each business and user purchase.
For eCommerce companies with product and membership subscriptions, GoURL offers personalized modifications on membership services, which may include additional configurations for registered and unregistered email clients. These modified payment systems may be configured to offer clients access to brand product downloads and acquiring online files or media. While tech support is available for additional assistance, users may enable auto synchronization for storing data, managing payments, and sending and receiving notifications relevant to payment activity.
NowPayments
Available on WooCommerce plugins library, NowPayments offers payment compatibility for hundreds of digital currencies. For integration, eCommerce businesses may setup their account, designate their wallet preferences, and then install the extension using the available API Key associated with your account.
Depending on business needs, payment gateways may have different policies stating the fees associated for interacting with the feature. NowPayments includes both transaction and exchange fees within its program. Overall, installation is quick and easy, offers coin conversion automation, smart wallet systems, and secure and private network transactions.
Stripe
Stripe is a payment gateway with traditional transaction processing features, along with additional payment support systems for online cards, wallets, crypto currencies. Stripes Web 3.0 global payment solutions offer users the ability to make transactions with built-in fraud protection and user authentication features.
To ensure more streamlined and innovative checkouts, Stripe offers its services across 180 countries, banking-as-a-service API’s for money management purposes, Stripe “identify” features for interacting with products and services within NFT marketplaces, and wallet and DeFi products for easier digital asset to payment transactions. Lastly, Stripe’s support systems may be helpful and useful for agencies integrating new crypto payment systems or updating existing features.
Conclusion
Businesses with traditional eCommerce platforms may optimize their systems to accept crypto payments. Depending on the plugins used, eCommerce companies may earn additional profit on each transaction, download, or membership due to the potential expenses saved on transaction fees. Additionally, adding crypto payments into an eCommerce platform may generate larger target audiences, better secure transactions made on the network, and raise overall brand value and users may better trust the services with blockchain and crypto integrations.