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On the hunt for the best crypto payment gateway for Woocommerce? Here, I’ve rounded up the top-choice Woocommerce crypto payment plugins that let you accept Bitcoin, BitCash, Ethereum, and various types of cryptocurrencies on your site — no coding required.
Over the last few years, cryptocurrency has become a common medium of exchange due to its convenience and ease of access on a global level. Online stores and retailers especially have adapted to the changing phenomenon very quickly. They have integrated cryptocurrency payment gateways on WooCommerce stores. Bitcoin has emerged as one of the most widely accepted cryptocurrencies.
Around 15,174 businesses worldwide accepted bitcoin as a form of payment in 2021. Additionally, almost a quarter of small businesses in countries around the world plan to accept cryptocurrencies as a form of payment in 2022, according to Reuters.
As an online store owner, you may need to keep up with the changing times. Like other competing websites, you can accept payments in this form and even provide additional offers to customers using cryptocurrency. Therefore, if you want to integrate cryptocurrency payment gateways for WooCommerce store, you need to have a goal. You also need to know which are the best plugins you can choose.
Why Use a Cryptocurrency Payment Gateway for WooCommerce?
People have used their banks or credit cards for over a decade to shop online. Why are they now choosing to pay via cryptocurrency? Companies like Microsoft started accepting bitcoins as early as 2014. Why is everyone taking the same road?
The answer to these questions is simple. There are multiple benefits and minimal drawbacks to using cryptocurrency in the eCommerce business. On the other hand, credit card transactions have become highly unsecured. Similarly, offering cash on delivery (COD) as well has its own drawbacks. Here are the key benefits of installing a cryptocurrency payment gateway in your WooCommerce store –
- Cryptocurrency is accepted widely by major brands, thus establishing as a credible payment method
- There is little to no interference by the government while transferring such currencies
- It increases the ease of payments since transferring cryptocurrencies takes only seconds
- Cryptocurrency transactions have significantly lower, even negligible, transfer fees compared to credit cards and payment apps
- This plugin also offers security and privacy to its customers. Its blockchain technology limits fraudulent activities, thus reducing fraud and chargebacks on your store
- Cryptocurrency helps you reach the global audience since there is no discrepancy between the currency and its rates
What to look for in a WooCommerce crypto payment gateway
Here are the most crucial factors to consider when choosing a WooCommerce crypto payment plugin for your website:
1. Support for multiple cryptocurrencies
Considering how many cryptocurrencies are available, it’s natural to imagine that some customers may prefer to use different tokens, such as Bitcoin, Ethereum, or stablecoins like USDC.
Choose a plugin that enables you to offer more crypto payment options to reduce friction at the checkout stage.
2. Low transaction fees
Like with fiat payment providers, transaction fees can quickly eat into profit margins, especially for Woo stores that typically process high-volume, low-value orders. Your chosen gateway should offer competitive fee structures — typically between 0.5% and 1% per transaction. Lower transaction fees ensure you’re not losing a significant chunk of each sale to processing costs.
3. Instant payouts
Your chosen payment gateway should settle payments in minutes (or ideally instantly). This serves 2 purposes (1) it makes sure you can access your funds almost immediately after a transaction is completed and (2) it shields you from rate drops in the event that you’re dealing with volatile currencies and want to quickly convert your crypto to fiat.
4. Automatic currency conversion
Crypto values can be volatile. Automatic currency conversion lets you instantly convert incoming crypto payments into fiat to avoid the risk of price fluctuations. It’s also more convenient for customers as they won’t have to manually convert crypto/fiat rates before completing the payment.
5. Seamless payout experience
Just because you’re allowing customers to pay with a relatively new kind of currency doesn’t mean that their checkout experience should be brand new too. Your chosen crypto payment plugin should fit nicely with your store’s natural checkout flow and provide a seamless experience for customers.
7 Best Cryptocurrency Payment Gateways for WooCommerce
Now that the benefits of integrating cryptocurrency in your eCommerce business are established, here are some of the best payment gateways you can use. All of these plugins can help you elevate the reach and performance of your store to a new extent.
- Blockonomics WooCommerce Plugin
- CryptoPay WooCommerce Plugin
- Cryptocurrency Payment Gateway for WooCommerce
- CryptoWoo Plugin
- Commerce Coinbase for WooCommerce
- GoURL WooCommerce Plugin
- NOWPayments Plugin
1. Blockonomics WooCommerce Plugin
This plugin is a decentralized payment processing system. Blockonomics provides a seamless checkout experience to your user when integrated with your store theme. Its plugin is free and allows online retailers like you to accept cryptocurrency payments. It also enables many popular cryptocurrencies, including Litecoin, Altcoins, Ethereum, and Bitcoin.
Best Features of Blockonomics
- Enables speedy transactions and transfers in seconds
- Easy to use and gives complete control over transactions
- Eliminates requirements for middlemen
- Free downloads and installation
- Reasonable charges of 1% of the fees on every transaction
- Can help you in increasing WooCommerce store sales along with revenue and profitability
- Access to features like creating P2P invoices, tracking your wallet address and sending emails via Bitcoin
2. CryptoPay WooCommerce Plugin
The CryptoPay WooCommerce plugin offers an easy experience to eCommerce store owners like you by enabling them to accept cryptocurrencies. It provides a secure platform to receive, manage and store the currency at only 1% of the processing fee. CryptoPay accepts multiple forms of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Stellar Lumens, Ripple, USDT, USDC, and BTH.
Best Features of CryptoPay
- User-friendly plugin with easy installation
- Signup with Cryptopay for Business and accept cryptocurrencies
- Extensive features that enable users to store the currency and exchange and withdraw funds
- Enhanced security with two-factor authentication
- Finger and face authentication on mobile devices to confirm device and protect your account
- No withdrawal limit, no withdrawal fee, or a date after which you can withdraw money
- Protected consumer information by restricting third-party service
3. Cryptocurrency Payment Gateway for WooCommerce
This plugin by TripleA is a licensed payment gateway with more than 2,000 active installations. It enables you to start accepting cryptocurrency payments on your WooCommerce store in under a minute. Currently, the plugin supports BinancePay, Bitcoin Lighting, Bitcoin, Ethereum, and USDT. It is also set to accept more cryptos within the year.
Best Features of Cryptocurrency Payment Gateway for WooCommerce
- Has a user-friendly interface that is easy to configure
- Allows easy settlements, and facilitates seamless transfers with zero volatility
- Limited chargebacks and fraudulent transactions
- Enables instant micropayments and eliminates transaction fees
- Nominal charge at 0.8% of the withdrawal fees
- Transparency with email notifications after every transaction
- Does not charge hidden fees, setup, or recurring fees
4. CryptoWoo Plugin
This plugin accepts all current WooCommerce store currencies, except Lao KIP and cryptocurrencies like Litecoin, Dogecoin, Ethereum, and Bitcoin. CryptoWoo also allows you to create discounts and offers for specific cryptocurrencies on your WooCommerce store according to your requirements.
Best Features of CryptoWoo Plugin
- Offers an HD wallet to receive payments
- Keeps your clients on store and avoids redirection to third-party sites
- Added security due to transactions sealed with blockchain technology
- Straightforward plugin that is straightforward to use
- Seamlessly integrates with your WooCommerce store’s current checkout page
- Offers an option to purchase premium add-ons
5. Commerce Coinbase for WooCommerce
Developed by SCI Intelligencia, Commerce Coinbase is an easy-to-use payment gateway for WooCommerce. Downloading and installing the plugin can enable you to accept different cryptocurrencies from customers. This includes Bitcoin, Ethereum, Litecoin, and Bitcoin Cash on your WooCommerce store. It has more than 2000 active installations on WooCommerce stores across the globe.
Best Features of Commerce Coinbase for WooCommerce
- Supports various payment processing functions without charge
- Enables withdrawal of the received amount to your bank account
- Requires a Coinbase account for transactions
- Secures your funds with a cryptocurrency wallet for commercial transactions
- Smooth process and quickly accepts crypto payments
6. GoURL WooCommerce Plugin
This plugin is currently used in multiple nations worldwide. GoUrl WooCommerce plugin is an online payment solution that uses a different technology than competitor plugins. With the GoUrl WooCommerce Plugin, you can accept various cryptocurrencies from your customers. This includes Altcoin, Bitcoin, BitcoinCash, Dash, Feathercoin, Dogecoin, Litecoin, and Peercoin.
Best Features of GoUrl WooCommerce Plugin
- It is secure and prevents chargebacks and fraud activities
- Offers a customizable payment box
- Lets you set crypto and fiat prices for items in your store
- Integrates directly within the site pages
- Facilitates fast and secure payments
- Charges 0% transaction fee
7. NOWPayments Plugin
The NOWPayments Plugin allows you, as the eCommerce store owner, to accept more than 100 cryptocurrencies, including Bitcoin and Ethereum. However, you need a NOWPayments account to receive crypto payments once you are done installing the plugin on your store. It charges minimum transaction fees and integrates easily with your current payment gateway page.
Best Features of NOWPayments Plugin
- Auto coin conversion and handling of rate fluctuation
- 24-hour payment window
- Enables instant withdrawals
- Allows you to set currency preference and receive the specific coin regardless of the currency your customer uses for payment
- User information and store data is encrypted and kept secured
- Easy API for smooth integration
FAQs about crypto gateways for WooCommerce
Does WooCommerce accept crypto payments?
Out of the box, WooCommerce doesn’t natively process cryptocurrency payments. But you can accept crypto payments using a crypto payment gateway plugin like Blockonomics, CryptoPay, Cryptocurrency Payment Gateway for WooCommerce, etc. that connects your WooCommerce store to a crypto payment processor.
What is the best crypto payment gateway for WooCommerce?
Blockonomics is the best cryptocurrency payment gateway for WooCommerce. It is a decentralized, peer-to-peer payment solution that provides a safe and efficient system for Woo stores that want to accept Bitcoin and Bitcoin Cash. And unlike custodial gateways, Blockonomics allows you to maintain self-custody of your funds — payments go directly to your wallet without passing through an intermediary.
Does WooCommerce have payment gateways?
Yes, WooCommerce supports several payment gateways for processing transactions. It offers native options as well as deep integrations with numerous third-party plugins that process both fiat and cryptocurrencies.
Popular WooCommerce crypto payment gateway plugins include Blockonomics, CryptoPay, and Cryptocurrency Payment Gateway for WooCommerce.
How do I accept crypto payments on WordPress / WooCommerce?
Follow these steps to enable cryptocurrency payments on your WordPress / WooCommerce website.
- Choose a cryptocurrency payment gateway plugin.
- Install and configure the crypto payment gateway plugin.
- Run a few test transactions to test the crypto payment process.
- Go live and start accepting crypto payments on your website.
- Promote the crypto payment option on your website and customer-facing channels.
Cryptocurrencies vs Other WooCommerce Payment Gateway Methods
Cryptocurrencies are now used as a viable payment method, Bitcoin being the most popular one. However, several eCommerce store owners are still debating whether or not they should start accepting them. Here is a comparison between cryptocurrencies and other payment methods that can help you determine which is the right choice for your WooCommerce store –
| Cyrptocurrencies | Other Payment Methods | |
| Pros | – Free from third-party controls – Highly accessible – Transparent – Cost Low Associated Fees – Secure and Reliable due to anonymous ID numbers – Decentralized mechanism ensures that they are less susceptible to breaches – You do not have to depend on any financial institution – Can be easily stored in a digital wallet – Uninterrupted process | – Speedier payments that only take seconds – Conveniently accessible – Widely accepted and popular – Reduced dependency on cash |
| Cons | – Fluctuating prices – Lack of inherent value – More risk – Tax implications Irreversible transactions | – Need third party verification – Transactions can be easily traced – Less secure and more likely to be hacked – Can be stolen – Data is shared with a network of individual – Need physical storage |
From the table above, it is evident that the pros of cryptocurrencies outweigh its cons. Considering the evolving technology and ever-changing methods of shopping and payments, cryptocurrency can be a better option than other digital payment methods on your WooCommerce store.
Which WooCommerce cryptocurrency payment gateway will you use?
Even though cryptocurrency payment gateway is a relatively new concept, it is essential to adapt to the changing technology. Using cryptocurrency payments can protect you against fraudulent activity, identity theft, and data breaches. Additionally, since cryptocurrencies are immune to inflation, you can ensure steady profits from accepting them in your WooCommerce store.
However, cryptocurrencies have their own downsides. To avoid facing losses due to them, you can consider using other payment gateways in addition to cryptocurrency. With the above-mentioned plugins, you can easily accept different cryptocurrencies and other payments on your WooCommerce store.
Check out the wide range of The Dotstore’s plugins for other payment gateway options and additional valuable plugins. Improve your WooCommerce store and make it more profitable.
