Crypto.com, a growing crypto platform, has announced that Shopify merchants will now be able to receive crypto payments from customers using Crypto.con Pay. The move gives Shopify users expanded reach by giving customers more payment options.
Crypto.com said it would waive the 0.5% settlement fee on all transactions Shopify users make for at least a month to welcome them on board. This means that Shopify merchants using Crypto.com pay will enjoy 0% settlement fees on all crypto transactions for at least one month.
Crypto payments on Shopify
Crypto.com Payment will allow Shopify merchants to instantly receive cryptocurrency payments from Crypto.com’s growing user base without any transaction costs.
Crypto.com Pay is an off-chain service available to Crypto.com app users worldwide.
In addition to zero transaction fees, Crypto.com also offers customers crypto-cashback payment rewards when paying using the Cronos (CRO) token, which is Crypto.com’s native token. Customers can get up to 10% compensation during the promotion period which will last for one month.
Shopify’s integration with Crypto.com Pay highlights the Crypto.com Pay app as the preferred cryptocurrency payment app for online merchants looking for crypto payment options.
Following the integration, Crypto.com co-founder and CEO Kris Marszalek said:
“Providing more customers and merchants with the ability to trade using cryptocurrencies is a priority for Crypto.com. We are extremely excited to integrate with Shopify and bring this functionality to even more customers and merchants around the world.
About Crypto.com Pay
Crypto.com Pay saves users 80% on transactions compared to traditional payment processors. It does not charge any transaction fees other than the 0.5% settlement fee.
Second, users pay no setup fees, and integration with Shopify merchant stores only takes a few minutes.
When using Cryypto.com Pay, customers can pay using over 20 cryptocurrencies, including BTC, ETH, CRO, DOGE, SHIB, and APE.
Commenting on the integration, Blockchain Ecosystem Manager at Shopify, John S. Lee said:
“We are pleased to welcome Crypto.com to help Shopify merchants provide customers with an additional quick and convenient way to pay for their online orders. Our growing blockchain ecosystem demonstrates our commitment to supporting merchants with alternative payment methods on their storefronts, helping to further expand what is possible in commerce.
Since its launch in 2018, Crypto.com Pay has been integrated across different platforms for the benefit of merchants. Some of the platforms that have integrated Crypto.com Pay so far include TIME Magazine, WooCommerce, Oveit, Coinzilla, and Ledger.