BigCommerce announces strategic collaboration with major cryptocurrency providers BitPay and CoinPayments. Its purpose is to offer payment solutions crypto to merchants of the solution BigCommerce in a few countries.
Payment in cryptocurrency: BigCommerce work with BitPay and CoinPayments
The platform BigCommerce provides its merchants with the ability to offer more payment options by expanding its ecosystem crypto. Thus, its merchants can increase their market share and develop new customer bases.
Mark OstryniecDirector of Sales at BigCommercespoke about the development:
“Expanding our crypto ecosystem to include the best trusted partners is just one step towards innovation and growth for our merchants. A new era of consumers is passionate about transactions using crypto, and we’re helping them do just that. »
BitPaya major payment service provider
Thanks to BitPaymerchants can agree to numerous cryptocurrencies, especially Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE)Bitcoin Cash (BCH), shiba Inu (SHIB), Wrapped Bitcoin (WBTC), Litecoin (LTC), XRP (XRP) and 5 stablecoins denominated in USD (BUSDDAI, GUSD, USDC and USDP). This payment service provider was the creator of blockchain payment technology. Since 2011, BitPay has processed over $5 billion in payment volume and occupies over 100 cryptocurrency wallets.
Stephen Pair, CEO of BitPay said :
“Accepting cryptocurrencies can be daunting and complex with, at times, a learning curve. We have teamed up with BigCommerce to help minimize the lift for traders to add the crypto as a payment option alongside their existing payment methods with just a few clicks”. “Our strategic partnership and integration with BigCommerce bring in the crypto into the mainstream and support a different future for payments to transform the way merchants receive money around the world. »
CoinPaymentsa very popular cryptocurrency gateway
CoinPayments is a large payment gateway in crypto with over 115,000 merchants in 190 countries around the world. It allows merchants to accept global payments with over 100 cryptocurrencies including Bitcoin, Ethereum and Litecoinwith a low commission of 0.5% Real-time global payments.
Kalin KalinovMarketing Director of CoinPayments said:
“Amid an increase in global demand for alternative payment solutions, our partnership with BigCommerce offers merchants all sizes a reliable, streamlined and scalable solution for accepting cryptocurrency payments”. “With an ever-growing number of cryptocurrency holders around the world, we look forward to teaming up with BigCommerce to give their merchants a unique opportunity to reach new audiences and grow their business.”
The main advantages of this collaboration
The ecosystem crypto of BigCommerce is dedicated to offering its global B2C and B2B merchants BigCommerce state-of-the-art cryptography technology. This partnership has many advantages:
Reach a larger market
By offering cryptocurrency as a payment method, merchants can open their brands to a whole new global market. The goal is to build loyalty and trust with forward-thinking customers across a range of retail categories.
Reduce transaction fees
With a cryptocurrency transaction, the costs are usually much lower than with traditional funds. This can reduce transaction costs for customers and helps feed the savings back into society.
Reduce the risks
The blockchain technique is created according to security, also decreasing the problem of incorrect activities of customers. Merchants have overall control over all funds in their store wallet, once received they are protected against chargebacks.
Different payment methods
By expanding the choice of payment methods, merchants can perfect the experience customer and simplify the purchasing process.
Merchants can gain a competitive advantage if they accept cryptocurrencies by keeping up with advances in e-commerce technology and changing buyer demands.
Other e-commerce solutions enable crypto payments
The rise of e-commerce solutions that accept cryptocurrencies is proof that the cryptocurrency market continues to develop. Likewise, online shopping with cryptocurrencies is booming.
BigCommerce joins many other e-commerce solutions that are coming add payment capabilities crypto these last years.
In May, Shopify extended payment methods crypto through collaboration with Crypto.com. This will allow merchants to accept cryptocurrency payments from buyers through Crypto.com Pay.
Launch Cart enabled its merchants to accept Bitcoin payments using the Lightning network and Open Node.
As global acceptance of cryptocurrencies grows, a number of online merchants are embracing payments crypto to maintain the trend.
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BigCommerce Collaborates with BitPay and CoinPayments to Offer Crypto Payment Solutions to Merchants Crypto Briefing
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