How to Use WooCommerce (WordPress) Plugin
WooCommerce is one of the most popular e-commerce solutions for WordPress users.?
Many choose to do business on WooCommerce for its flexible features, great functionality, and convenience of +100 payment gateways supported through WooCommerce Payments.?
However, merchants that expect to find bitcoin or other cryptocurrency payment options on WooCommerce Payments solution will be disappointed. The good news is that you do not have to rely solely on WooCommerce Payments to get those cryptos running on your online shop.
CoinGate payment processor offers several methods of crypto implementation, including an official,?free?shopping cart plugin for WooCommerce ?users that allows accepting bitcoin and 70+ other cryptocurrencies with an option of crypto-to-fiat conversion.
WooCommerce extension for bitcoin payments
While there are several ways to?accept cryptocurrency payments , the easiest route for WooCommerce users, no matter the size of the business, is to use an extension dedicated to this exact purpose.?
Not only is it the easiest way, but it also comes with several benefits that users might find helpful beyond initial expectations.?
Fully automated payment gateway
Under the hood of the?WooCommerce plugin ?developed by CoinGate is a whole crypto payment infrastructure that’s entirely automated and does not require constant maintenance.?
Once you set it up, you can leave it be – all payments will be collected, processed, converted to other currencies (if necessary), and paid out to an external wallet by request or a bank account (EUR, USD) automatically once a week.?
Order tracking, accounting, and management
The WooCommerce plugin for crypto payments requires merchants to?create an account on CoinGate . Logging into CoinGate provides access to a dashboard where?you can manage every aspect of your payment solution.?
It includes the ability to track the status of orders,?export relevant data ?for accounting purposes, add other users to the account with?specific permissions ?granted, and more.
Lightning Network support
A great feature of the WooCommerce crypto plugin from CoinGate is that it allows accepting both Bitcoin and Litecoin?Lightning Network ?(LN) payments.?
It means that merchants can receive transactions via CoinGate’s LN public node, which many hardcore crypto-centric consumers will appreciate. Besides, it’s enabled by default, and no additional effort or setup is needed from merchants to take advantage of it.
Refunding crypto payments
It’s no secret that blockchain payments are irreversible, and the only way a shopper can get a refund is if the merchant sends back the money manually when asked. However, this is not the case for this particular plugin.?
To some extent, the?CoinGate plugin for WooCommerce can issue refunds automatically.?For example, if a consumer overpays for his order, he can initiate a refund for the overpaid amount, which will be paid out without the involvement of a merchant.?
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The same goes for underpaid orders – a shopper can get his money back immediately if the order is not paid in full.?
Invoice customization
Customizing the invoice itself is a big part of what the CoinGate plugin is all about. By default, there are over 70 cryptocurrencies available to accept. Merchants can add or remove them and also change their positioning.?
It is also possible to:
Custom settlement options
Even though the plugin allows accepting numerous cryptocurrencies,?it’s up to you in what form you wish to withdraw the collected amount.?
There are several options to choose from:
More reasons to accept crypto with the WooCommerce module
There are plenty of other reasons to accept crypto payments besides all the features the CoinGate plugin for WooCommerce offers.?
These reasons come from inherent blockchain qualities and include?instant cross-border payments, lower transaction processing fees than credit cards, no risk of fraudulent chargebacks, etc.?
We talk about these and other reasons extensively in our blog dedicated to exploring?why it’s worth having crypto payment methods ?set up.
Find a step-by-step guide on installing the WooCommerce (WordPress) plugin in our blog .
Other methods of accepting crypto payments
A plugin is not the only way to utilize the CoinGate payment gateway for accepting crypto payments on your WooCommerce site.?
Merchants can use several other methods, such as payment buttons, a Point-of-Sale (PoS) solution, and even?a billing service ?that allows sending one-time bills via link or email, which can also be set up to bill customers recurrently. Learn more about?other payment integration methods .?