If you have an eCommerce business or simply want to start one for the very first time, then cryptocurrency payments might bring a heightened level of appeal for the business you are about to start. Bitcoin (BTC) is by far one of the most popular cryptocurrencies out there and has been the dominant force within the cryptocurrency market for years in terms of market capitalization. As such, today, we will be going over everything you should know about Bitcoin and WooCommerce.
Bitcoin and WooCommerce
- Bitcoin and WooCommerce can be combined as a means of enabling any eCommerce store to accept the cryptocurrency as a payment method easily.
- WooCommerce is a plugin typically used on websites developed through the utilization of WordPress and can be easily added as a plugin.
- A plugin is essentially an add-on to the pre-existing website code that enables additional functionality.
- NOWPayments offers a Bitcoin payment plugin for WooCommerce stores.
Today, we will be diving a bit deeper as to exactly how you can combine WooCommerce with Bitcoin and enable your eCommerce website the ability to accept cryptocurrencies as a payment method,
What is Bitcoin?
Bitcoin is a cryptocurrency token developed by Satoshi Nakamoto, which is a pseudonym taken by a group of people or a person. Bitcoin was the first blockchain network to showcase how digital payments could work without relying on a central authority to facilitate the process and prevent double-spending. As such, Bitcoin is a decentralized, digital currency that is without a central bank or authority that controls it and enables a user to send BTC tokens to another user through a peer-to-peer network without the need of an intermediary.
Why use Bitcoin for payments?
There has been a heightened level of interest surrounding cryptocurrencies, and they have increased in terms of popularity as well. Cryptocurrencies tend to be used for online payments due to the fact that they are considered a lot more secure than credit or debit card payments. In other words, once a customer ends up paying through the usage of cryptocurrency tokens such as Bitcoin (BTC), their data is not stored in a centralized location where data breaches could occur. This is why you need to accept Bitcoin WooCommerce.
WooCommerce plugin for crypto payments
There are numerous WooCommerce payment gateways available, and having multiple payment gateway options throughout an eCommerce store is always a recommended and smart decision. NOWPayments offers a crypto payment plugin for WooCommerce stores. Many customers who visit your online store might prefer to make purchases through the usage of cryptocurrencies such as Bitcoin.
In fact, Bitcoin is now accepted by many eCommerce websites, including Microsoft, Newegg, Expedia, Dish, and thousands of others on a global scale.
However, if you want to easily and affordably give your website cryptocurrency purchase options, you can utilize what is known as WooCommerce plugins, which will essentially heighten the level of functionality in regards to the WooCommerce plugin and allow any user of your website to conduct purchases through the utilization of cryptocurrency payment methods. Just about every single plugin out there will accept Bitcoin (BTC) as the cryptocurrency option by default due to the fact that it is one of the largest cryptocurrency tokens in terms of market capitalization and popularity.
We are going to go over how you can accept Bitcoin payments WooCommerce.
How to accept Bitcoin on WooCommerce
Here, we are going to go over a step-by-step guide as to how you can accept Bitcoin through the utilization of WooCommerce BTC payment gateways, so pay close attention, and you should be done with this process within the span of minutes.
- Step 1: You will need to download the NOWPayments WooCommerce Bitcoin payment plugin gateway, assuming it is not already available throughout the WordPress search bar directly.
You will need to go to the “Plugins” tab on WordPress and then click on “Add New.” Here, you will need to search for the gateway you are interested in using. After that, you can click on the “Install Now” button as a means of installing the plugin, and once it has successfully been installed, you can click on “Activate.” If it is not available within the search bar, you will have to manually upload the “.zip” or “.rar” file you downloaded onto WordPress. However, the process is also very similar and straightforward to complete. This is how you add a WooCommerce Bitcoin payment plugin.
- Step 2: You will be required to create an account for NOWPayments as a means of connecting your account and cryptocurrency wallet to the service so you can receive cryptocurrencies on it.
All you have to do is enter your email address and password, enable two-step verification, and securely store your seed phrase. Add your Bitcoin wallet and create the API key. This is how you connect WooCommerce and Bitcoin.
- Step 3: You will now need to link the NOWPayments WooCommerce payment gateway to your WooCommerce store.
Here, you will need to open up the WordPress administration area, after which you need to navigate to “WooCommerce,” followed by “Settings,” and visit the “Payments Page.” Here, you will see the NOWPayments payment gateway you have previously installed in the list of available payment gateways, and all you have to do here is activate it. You will also be able to view additional information on the “Manage” button, where you can configure the plugin for your store in more detail. This is how you link the WooCommerce Bitcoin gateway.
Conclusion
Hopefully, now you have a heightened level of understanding as to what Bitcoin is, why Bitcoin can play a major role in the growth of your eCommerce store, and why you should implement it.
By following our step-by-step guide, you will be able to easily accept Bitcoin on WooCommerce, and receive cryptocurrency payments for all and any of the services or products you have on offer throughout your eCommerce store. NOWPayments offers the best Bitcoin payment gateway for WooCommerce stores.