Why Use Bitpay with WooCommerce?
By integrating Bitpay with WooCommerce, businesses can accept Bitcoin and
other cryptocurrencies as payment for their products and services. This
opens up a new payment option for customers who prefer using
cryptocurrencies or want to take advantage of the benefits of decentralized
payment systems. Additionally, businesses can reduce their payment
processing fees, receive faster payment settlements, and avoid chargebacks
and fraud risks associated with traditional payment methods.
How to Integrate Bitpay with WooCommerce?
To integrate Bitpay with WooCommerce, follow these steps:
Step 1: Sign up for Bitpay If you haven’t already, sign up for a Bitpay
account at https://bitpay.com. You’ll need to provide some basic
information about your business, including your business name, address, and
tax ID.
Step 2: Install and activate the WooCommerce Bitpay plugin Log in to your
WordPress dashboard and navigate to Plugins > Add New. Search for
“WooCommerce Bitpay” and click Install Now. After the plugin is installed,
click Activate.
Step 3: Configure the plugin settings Navigate to WooCommerce > Settings >
Payments > Bitpay. Enter your Bitpay API key, API token, and configure the
other settings according to your preferences. You can choose whether to
display the Bitpay payment method on the checkout page, enable test mode,
and set the order status for successful and failed payments.
Step 4: Test the integration To test the integration, place a test order on
your website using the Bitpay payment method. You can create a test invoice
in your Bitpay account to simulate a payment. Once you receive the payment
confirmation, check that the order status has been updated in your
WooCommerce order list.
Conclusion
Integrating Bitpay with WooCommerce is a great way to expand your payment
options and offer customers a decentralized payment method. With a few
simple steps, you can start accepting Bitcoin and other cryptocurrencies as
payment for your products and services. Plus, with faster settlements,
reduced fees, and improved security, using Bitpay can help streamline your
payment process and protect your business from fraud and chargebacks.
If you are interested in having us quickly, and efficiently set you up to
process and accept cryptocurrencies on your woocommerce store contact us!