Cryptocurrencies have revolutionized the ways businesses make transactions and accept payments. If you’ve decided to take your business to another level, consider integrating a crypto payment option into your online store.
When it comes to choosing a crypto payment gateway for your e-commerce store, it is necessary to concentrate on certain criteria. Supported cryptocurrencies, unique features, user-friendliness, transaction fees, and commissions are factors you need to consider before deciding.
In this article, we will look at a well-renowned crypto payment gateway – Coinbase Commerce. Read until the end to discover if it is worth your money and try.
Why Have Crypto Payment Gateway on WooCommerce?
You may now wonder and think to yourself, “Do I really need a WordPress payment plugin on my store?” And we will say, “Yes, you do!” In this highly competitive business landscape, you need to always keep up with the trends and never lag behind. Besides staying in the loop, integrating crypto into your business practices will come with several advantages:
- Reduced transaction costs: crypto transactions often have lower fees compared to traditional payment methods.
- Faster transactions: not only do they have lower transaction costs, but they also function faster than the other banking options.
- Enhanced security: leveraging advanced security measures, these transactions are safer than ever.
Coinbase Commerce: Quick Overview
| Factor | Coinbase Commerce |
| Supported Cryptocurrencies | Supports all major cryptocurrencies (e.g., Bitcoin, Ethereum, Litecoin, etc.) |
| Unique/Pro features | Has several unique features that will further enhance your experience. |
| Integration Ease | Up-to-date and compatible with the latest WooCommerce & WordPress versions. |
| User experience | Priority support 24/7, extensive documentation, video tutorials, and a blog. |
| Transaction Fees/Pricing | Affordable and reasonable pricing strategy with three pricing plans and three billing options: monthly, yearly, and lifetime. NO transaction fees. Plus, 14 days a money-back guarantee. |
Key Features of Coinbase Commerce
Supported Cryptocurrencies:
Before choosing a crypto payment gateway for your WooCommerce store, plan what type of cryptocurrencies you want to do your transactions with. Coinbase Commerce supports all major and well-known cryptocurrencies, so you have a global reach and can do reliable, secure, and fast transactions. Having a diverse range of supported currencies, Coinbase Commerce also lets you accommodate varying customer preferences. Here’s the list:
- Bitcoin
- Bitcoin Cash
- DAI
- Ethereum
- Dogecoin
- USD Coin
- Litecoin
- Tether USD
- ApeCoin
- Shiba Inu.
Pro Features:
- WooCommerce Block Support: This feature ensures compatibility with the Gutenberg block on WordPress, enabling you to display your crypto payment options seamlessly on your checkout pages.
- Shop Page Icons & Pricing: Coinbase enhances the look of your shop page by displaying cryptocurrency icons alongside pricing information.
- Product Page Icons & Pricing: Similar to the shop page, this feature also makes your product pages more appealing, displaying the icons of respective crypto payment methods. This improves your customers’ experience as they can quickly identify the payment option they want to proceed with.
- Minimum Checkout Amount: You can set a minimum checkout amount for cryptocurrency transactions. This feature ensures that the customers meet a specified threshold before going to checkout and making their payment. This might be useful for managing transaction costs and fees.
- Restrict Products: This feature allows you to restrict certain products and allow their payments to be made exclusively using fiat currencies. It is a flexible option for businesses that want to diversify their transactions.
- Better User Experience: Coinbase Commerce aims to improve users’ overall experience by creating intuitive navigation and improved redirections.
- Specify the Order Status: You can set the order status for cryptocurrency transactions. This will help you manage your orders effectively.
Integration and Usage Ease
Coinbase Commerce seamlessly integrates with WordPress and WooCommerce. Moreover, this crypto payment gateway is always up-to-date and compatible with the latest version of WordPress and WooCommerce.
To start with Coinbase Commerce:
- Head to Coinbase Commerce website
- Choose one of their plans and subscribe to it
- Fill in the necessary information (you’ll get an email with the premium zip, license key, and instructions)
- Download the zip file of Coinbase Commerce
- Go to WordPress > Admin Dashboard
- Head to Plugins > Add New
- Upload the zip of the pro version
- Install and activate it
- Copy the license key and paste it into the necessary field on WordPress
- Hit “Activate license”
- And you’re done!
After downloading Coinbase Commerce, let’s explore how you can start using it.
Once you’re all set, you will need to go to WooCommerce > Settings > Payments, scroll down, and make sure Coinbase Commerce is active.
There, you’ll notice the “Manage” button. You will need it to get your API key. If you are just getting started with Coinbase Commerce, you can get the key by signing up using the given link. Then, insert it into the necessary field to activate it.
Coinbase Commerce will appear on your website’s checkout as a payment option. Select it as your payment gateway, and you will be redirected to commerce.coinbase.com to pay. Then, your customers will easily choose the cryptocurrency they want to pay with.
That’s how simple it is to make Coinbase Commerce work!
User Dashboard
Plugins should help you manage your store better and not become an additional challenge or struggle. When choosing a plugin you want to commit to for the long run, you first pay attention to its ease of use. If you are struggling to navigate through its dashboard, then it might not be worth your time and effort. That’s not the case with Coinbase Commerce. This cryptocurrency payment gateway stands out with its user-friendly and intuitive dashboard. It has distinct sections for different purposes. You have everything at your fingerprints for quick navigation.
- Balances
- Payments
- Checkouts
- Invoices
- Point of Sale
Moreover, the “Settings” tab will let you glance at your business information (the local currency for crypto representation, email address, etc.). The “Payment” subcategory will let you make some customizations regarding the crypto volatility and set some over- and underpayment thresholds. Under this tab, you can quickly turn the cryptocurrencies you want or don’t want to work with on and off.
Coinbase Commerce has different tabs so that you can have everything at a glance. You can check your store balance, the purchases, and invoices created or requested. The “Reports” tab will give you some insights into your business, your sales, and the balance, so you will keep track of your performance and note the areas you need to improve.
Pricing
Coinbase Commerce has developed a reasonable and affordable pricing strategy. The pricing flexibility allows users to go with the option that works best for them. First, it has three billing options: monthly, yearly, and lifetime.
Tip: Consider buying a lifetime package that comes with cost savings, financial stability, potential exclusive features, constant updates, and full support for longer-term commitment.
Here are the pricing plans:
- Personal: The plan includes all the key features, has one-year updates, and supports one site. It costs $39.99/year.
- Professional: Includes everything in the Personal plan, plus support for five sites. The plan costs $89.99/year.
- Developer: It has everything in the Professional plan, plus support for 30 sites. It costs $99.99/year.
Note: You will save up to 44% if you buy the yearly packages!
Educational Resources & Support
Coinbase Commerce not only stands out as a reliable and feature-packed cryptocurrency payment gateway but also as a customer-centric plugin. It prioritizes its customers’ experience and ensures they are always ahead of the curve by constantly uploading new educational resources onto different platforms.
Educational Blog and Tutorials: Coinbase Commerce’s regularly updated blog provides insightful articles and tutorials on industry trends and best practices and guides on optimizing the use of the crypto payment gateway plugin. You can follow their blog here to stay ahead of everything.
Video Tutorials and Documentation: Accessible learning is a priority for Coinbase Commerce. Their video tutorials visually guide users through the plugin’s installation and integration and its rich pack of features. Also, these videos test their features in action, making sure you know the ins and outs of Coinbase Commerce. A step-by-step accompanies the rest of the resources, ensuring businesses have everything at their fingertips to start using the plugin seamlessly and with no hassle. Follow their video tutorial playlist and documentation to get the most out of Coinbase Commerce.
Final Thoughts
Based on our evaluation, we can surely tell that Coinbase Commerce is a robust crypto payment gateway for e-commerce businesses wanting to manage their crypto transactions successfully. Besides being a secure and reliable gateway, Coinbase stands out with other unique features that further enhance your online store’s appearance and functioning. Its ease of use and fair and affordable pricing strategy once again highlight the plugin’s worthiness. As your business steps into the world of cryptocurrencies, Coinbase Commerce stands as a reliable partner on this journey, ensuring your business’s smooth success. We highly recommend Coinbase Commerce based on our experience with it. Trust in Coinbase Commerce for a secure foundation in this high-paced world of digitalization.
