Cryptocurrency

Cryptocurrencies are a form of digital or virtual currency that can be transferred directly from person to person over the internet. Cryptocurrencies provide the following advantages to merchants:

  • Fast transactions
  • Low processing fees
  • Nochargebacks
  • Local and international transactions
  • Payment conversion to any fiat currencies such as USD or CAD.

Cryptocurrencies are more volatile than traditional currencies. Consult with your accountant about the best way to handle cryptocurrency payments.

To accept cryptocurrencies, enable one or more of the followingadditional payment methodsfrom thePaymentspage in theSettingssection of your Shopify admin:

  • Solana Payaccepts USDC and offers a built-inloyalty programfor your customers. Solana Pay settles transactions in less than a second for a fraction of a penny. For help, refer to thesesetup instructions.

  • Crypto.comaccepts over 20 cryptocurrencies including Bitcoin, Ethereum, and Dogecoin. For additional help, refer to thesesetup instructions.

  • Coinbase Commerceaccepts a variety of cryptocurrencies including Bitcoin, Ethereum, Dogecoin, and more. Coinbase also allows for easy conversion to fiat. For additional help, refer to thesesetup instructions.

  • BitPayaccepts 14 cryptocurrencies including Bitcoin, Bitcoin Lightning, Ethereum, and Dogecoin settled in USD. For additional help, refer to thesesetup instructions.

  • DePayaccepts Solana, Ethereum, Binance Smart Chain, or Polygon tokens that have liquidity on decentralized exchanges. DePay is a peer-to-peer payment gateway that uses smart contracts for on-the-fly conversion. For additional help, refer to thesesetup instructions.

  • OpenNodeaccepts Bitcoin and Bitcoin Lightning settled in Bitcoin or fiat. For additional help, refer to thesesetup instructions.

  • Strikeaccepts Bitcoin Lightning settled in USD. For additional help, refer to thesesetup instructions.

  • Lunu接受比特币,Ethereum USDT USDC, BNB XRP,nd TRX settled in USD, EUR, GBP, or over 70 other fiat currencies. Lunu is is located in Europe. For additional help, refer to thesesetup instructions.

  • Bit2Me Commerceaccepts a variety of cryptocurrencies including Bitcoin, Ethereum, Tether, and more. Bit2Me is located in Spain and allows for instant conversion to fiat. For additional help, refer to thesesetup instructions.

  • IBEX Payaccepts Bitcoin Lightning with offices in the USA, Mexico, El Salvador and Guatemala and settles the next day in fiat. For additional help, refer to thesesetup instructions.

After you enable a payment method that supports cryptocurrencies, you can accept any cryptocurrency that is supported by their service.

You might still be chargedthird-party transaction feesfor payments processed through these gateways. Refer to your store's Shopify plan for the amount of fees charged.

Enabling an additional gateway doesn't impact your existing gateways. If you have issues with registration or payments for a cryptocurrency gateway, then you can contact the support channel for that cryptocurrency gateway.

Due to longer settlement times, cryptocurrency transactions can cause overselling in flash sales. Use a direct payment method likeShopify Paymentsfor the best flash sale performance.

There are no automatic refunds for cryptocurrency payments through Shopify. You need to refund payments manually through your payment gateway.

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