Accepting WooCommerce crypto payments can enhance your online business. Integrating WooCommerce with Cryptomus offers a seamless way to receive crypto payments, providing flexibility and convenience for customers. In this tutorial, we’ll walk through the process of setting up Cryptomus as a payment method in your WooCommerce store.
Please make sure you have the following installed and activated:
Benefits of Crypto Payments for WooCommerce
Integrating cryptocurrency payments into WooCommerce offers several advantages for both merchants and customers. Here’s why it’s a beneficial move for your online store:
- Expanded Payment Options
Offering crypto payments caters to a growing segment of customers who prefer using digital currencies. This inclusivity can broaden your market reach and attract a diverse customer base.
- Lower Transaction Fees
Cryptocurrencies typically have lower transaction fees compared to traditional payment methods like credit cards. This cost-effectiveness can result in higher margins for merchants and savings for customers.
- Enhanced Security
Crypto transactions are secured by blockchain technology, which reduces the risk of fraud and unauthorized access. This added security can increase trust and confidence among your customers.
- Faster Transactions
Unlike bank transfers that can take days, cryptocurrency transactions are processed rapidly, often within minutes. This speed enhances customer satisfaction with quicker order processing and delivery times.
- Global Accessibility
Cryptocurrencies are not bound by national borders or exchange rates, making them ideal for international transactions. This accessibility can help your store tap into global markets without the complexities of currency conversion.
- No Chargebacks
Crypto payments are irreversible, eliminating the risk of chargebacks, which can be a significant issue for merchants in traditional payment systems.
- Market Differentiation
Accepting cryptocurrencies can set your store apart from competitors, showcasing your business as modern and forward-thinking.
- Financial Privacy
Some customers prefer cryptocurrencies for their anonymity and privacy, as transactions do not require personal information like credit card payments.
Instructions for WooCommerce Crypto Payments
- Navigate to Cryptomus and sign up by pressing “Get started”.
- Fill in your email and create a strong password, or use Telegram for a more anonymous option.
- Verify your email with the code sent by Cryptomus.
- Create a merchant account in Cryptomus using your brand name.
- Go to Settings > API configuration and scroll down to Merchant ID.
- Submit a request for integration, ensuring your website complies with Cryptomus’ standards.
- Confirm your domain ownership through DNS, meta tag, or HTML file. For meta tag:
- Open WordPress admin and navigate to your theme’s integration settings (e.g., Divi, Elementor, Astra).
- Paste the provided meta tag in the ‘head’ section. If your theme lacks this option, use a plugin like WPCode to insert the code.
- Confirm the domain ownership process and wait until it is approved.
Note: It might take up to 12 hours to be reviewed.
- Download the Cryptomus plugin for WooCommerce.
- Install and activate the plugin in your WordPress admin.
- Enable Cryptomus (via Plugins > Cryptomus > Configure) in the WooCommerce settings by enabling it and entering the merchant UUID from Cryptomus settings.
- Retrieve the payment API key from your Cryptomus account once your project is active.
- Enter the payment API key via WooCommerce > Settings > Payments > Cryptomus > Manage and save changes.
- Test a crypto payment on your WooCommerce site by adding products to the cart and selecting Cryptomus as the payment method.
WooCommerce Crypto Payments – Conclusion
Integrating WooCommerce with Cryptomus for crypto payments is straightforward and beneficial for businesses looking to expand their payment options. This setup not only facilitates crypto transactions but also provides additional features like currency conversion and passive income opportunities through crypto staking. Follow these steps to enhance your WooCommerce store with cryptocurrency payment capabilities.