If you have a WooCommerce store then it is your greatest concern to add appropriate payment gateways for your customer’s easy purchasing process. Some clients want to purchase items by paying with cryptocurrency. So, you will need a corresponding tool to provide them with this important feature. Fortunately, there are many plugins to add a cryptocurrency payment gateway to your WooCommerce. Yet, we took two well-functioned plugins to compare – CryptAPI VS BitPay. At the end of this article, you will reveal which one is the best payment gateway plugin for WooCommerce.
The CryptAPI plugin’s free version is available on WordPress. Having constant activations (for now it is above 200) and a 5/5-star rating it is a great option to add a crypto payment gateway to your WooCommerce store.
You may freely activate the plugin from the WordPress Plugin Directory. And there is no need to worry. Because you will not meet any setup or hidden fees related to the usage of the plugin’s free version.
The process of the plugin’s configuration and usage is not difficult since you will not pass through the hustles of registration. Instead, you just have to copy and paste your crypto addresses (where you want to receive the payments) into the dedicated settings area of the plugin. Then your payments are accepted and confirmed by the Blockchain. And within a few minutes, sometimes even a few seconds, the transaction will be completed. After all, the transferred funds are forwarded to the merchant’s crypto addresses. The whole process is automatic. You will need to insert only your desired cryptocurrencies and crypto address. And when the customers send you the payment it will be instantly transferred to that address. As well as the plugin enables to generate QR codes with the address and the address+value.
The CryptAPI plugin also presents its second and more advanced add-on that you may activate with absolutely no charge: CryptAPI Pro. To use the CryptAPI Pro you just need to pass the registration process and create an API key. So, you can access such features as:
- Statistics to check your payment status
- Transaction History
- Income reports on a monthly or yearly basis
- Transaction lists per cryptocurrency to check fees, and values, or debug the system
- PDF reports (a coming-soon feature)
- Exchange cryptocurrencies (a coming-soon feature)
The plugin provides an advanced admin panel with these functionalities:
- Setting the conversion rate refresh frequency
- Determining the order expiration
- Charging the clients for Blockchain or CryptAPI fees
- Setting a custom fee
- Selecting dark mode color, etc.
There is a bunch of technical and support documentation to understand the plugin’s main features and technical aspects. Yet, in case you do not find the answer to your concern then you can connect to the plugin’s fast replying and careful support to get answers. There are different ways to get in touch. The fastest method is via live chat on the CryptAPI plugin’s official page.
BitPay Checkout for WooCommerce
The second plugin- Bitpay has more than 1,000 active installations. Yet, compared to the CryptAPI plugin, its rating is a bit lower – 3.8 out of 5-stars. Its free version is also available on the WordPress Repository.
However, compared to the CryptAPI plugin’s automated transaction process, doing so with the BitPay Checkout for WooCommerce plugin is a little bit complicated and requires more time.
So, after adding the purchasing items to the cart and coming to the checkout process the customer should choose BitPay. When the invoice is generated, the customer may select the preferred cryptocurrency in order to complete the payment. Then they see the amount according to the cryptocurrency exchange rate. The payment should be completed through the cryptocurrency wallet within 15 minutes.
After getting the BlockChain confirmation BitPay informs the merchant about the transferred amount to the merchant’s bank account.
CryptoAPI Accepted Cryptocurrencies and Tokens
There are many cryptocurrencies you can choose while using the CryptAPI plugin. You will find some of them in the list below:
- Bitcoin (Cash)
- Binance Coin
- Shiba Inu
- USD Coin, etc.
You may view the whole list by entering the CryptAPI plugin’s official website.
With this plugin, the conversion rate related to each supported coin/token is updated via Coingecko. And the data is refreshed every 5 minutes.
The plugin supports more than 20 currencies including US Dollar, Canadian Dollar, UAE Dirham, Danish Krone, Philippine Peso, Indian Rupee, Brazilian Real, etc. Yet, if you do not find your currency among the available ones then you should note that the exchange rates will be calculated according to USD.
As far as we have talked about eCommerce and various currencies, I will suggest that you take a look at the Top WordPress Funnel Builder Plugins for 2022, which will essentially help you with sales and management.
BitPay Accepted Cryptocurrencies and Tokens
What refers to the BitPay Checkout for WooCommerce plugin, then there are just a few cryptocurrencies available, such as:
- Bitcoin Cash
- USD Stable coins
- Gemini US Dollar
- Binance USD
- Shiba Inu
- Wrapped Bitcoin
If the merchant generates invoices in a different currency than the previously set one then he receives the exchange rate calculation according to the OpenExchangeRates.
Unlike the CryptAPI, this plugin supports only 8 currencies, including:
- Australian Dollar
- Canadian Dollar
- New Zealand Dollar
- South African Rand
- Pounds Sterling
- Mexican Pesos
CryptAPI VS BitPay Fees
Next and the most important feature in the CryptAPI VS BitPay comparison is that interests the clients mostly is the fees related to the transactions. Both plugins charge 1% per payment. Yet, here you can note a delicate detail while working with CryptAPI, offering discounting structure based on the volumes generated on the 30 previous days.
This is a very beneficial feature as compared with Bitpay’s unchangeable 1% charge.
Who Is The Winner?
As above we have talked about similar features in the CryptAPI VS BitPay comparison. It is time to discuss the options that are very important but are available only in one of these plugins. And that plugin is CryptAPI. So, these are the crucial functions you will not find in the BitPay Checkout for WooCommerce plugin:
Sometimes the clients make mistakes while sending an appropriate amount to place an order. Through the “Partial Payment” option, they will definitely complete the order but notice the missing amount without someone else’s support.
The CryptAPI plugin provides weekly updates to add some new helpful features, confirm the plugin compatibility with WordPress, as well as fix little bugs. What refers to the BitPay plugin then they do not update the plugin constantly. Moreover, it was last updated 6 months ago and was not tasted with the latest 3 major releases of WordPress.
The plugin enables the users to make many customizations. So, the merchant can even hide the CryptAPI logo. Besides, the customers will not leave the merchant’s website.
Yet, one of the most beneficial functions of the plugin is that the developers provide the source code on Github. This enables the users to take the code and customize it according to their needs.
Other Benefits of CryptAPI Plugin
Some other features are that the CryptAPI plugin handles subscription features and does not require registration to use the plugin. Only if you want to access CryptAPI Pro version must you pass the registration process.
The transactions are settled immediately after being confirmed through Blockchain. Unlike the BitPay plugin’s transferring speed CryptAPI can do this within even 30 seconds thanks to the TRC20 and BEP20 networks.
Even though the CryptAPI does not issue any conversion for now. But this feature will be presented in the nearest future.
Besides the above-mentioned features, the CryptAPI is far easier to use.
Along with all these features, you are provided with the subscription features. This is to handle recurring billings (such as membership or installments).
Furthermore, the plugin supports more cryptocurrencies and currencies than BitPay. So, this will benefit many users from all over the world to make transactions with their own currencies without hustles. As well as one of the most engaging facts about the CryptAPI plugin is that its fixed 1% fee can be lessened when your 30-days payment volume increases. As a result, the 1% may become 0.250% in the case of the increased payment volume.
So, after comparing the two plugins – CryptAPI VS BitPay Checkout for WooCommerce, we definitely see that the CryptAPI plugin totally outstands the second one. So, at the end of this article, as promised above, we recommend you to go with the super-functioned, easy-to-use, and highly customizable plugin called CryptAPI.
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