VeChain is known among crypto investors as a reliable network with excellent scalability and efficiency. VeChain is also recognized as one of the most eco-friendly projects in crypto, as well as the one offering high-quality infrastructure for the creation of decentralized applications. The versatility and flexibility of VeChain make it a beloved network of merchants. Today, there are dozens of businesses that accept VET tokens, the native currency of VeChain, as payment. NOWPayments offers tools for WooCommerce businesses that want to set up their VeChain payment gateway using a simple plugin.
Key Points:
- VeChain’s native cryptocurrency VET constitutes a great payment solution.
- WooCommerce is a perfect platform for deploying crypto payments.
- NOWPayments’ plugin lets WooCommerce merchants accept VET payments.
What is VeChain?
First of all, the VeChain network provides enterprises with all the necessary elements and solutions for building blockchain-based applications. VeChain already works together with brands such as PwC and Walmart China. VET is the native token of VeChain, and it serves different purposes in the ecosystem. For instance, it is used to pay for gas fees as well as for smart contracts which users can deploy.
Why is WooCommerce great for crypto
Plugins friendly
WooCommerce is compatible with numerous plugins. Merchants can install additional extensions to expand the functionality of their stores and add new features. WooCommerce does not prevent developers from creating new solutions, so WooCommerce’s library of modules available to merchants is huge. There are virtually thousands of extra solutions that businesses can integrate. One of them is the NOWPayments plugin which allows merchants to deploy their payment gateways. NOWPayments lets WooCommerce merchants accept more than 100 different cryptocurrencies, from Bitcoin to the newest ones such as SHIB. VeChain’s VET token also can be accepted by merchants on WooCommerce thanks to NOWPayments’ plugin. Moreover, the majority of modules in WooCommerce’s directory are absolutely free to deploy, and NOWPayments’ plugin for featuring VET payments is not an exception. Merchants will need to pay only 0.5% for each transaction the plugin processes.
No additional fees
Another notable feature of WooCommerce is that it does not charge merchants any money for using external solutions. Basically, if you own a store deployed on WooCommerce, the platform will not force you to pay any additional fees for installing the plugins from its library. This greatly reduces the financial burden on merchants since the most advanced stores on the platform tend to utilize tens of extra plugins. Recently, more merchants on WooCommerce began to take an interest in crypto payments due to the amazing growth of the entire crypto market. NOWPayments provides WooCommerce merchants with a chance to deploy their crypto payment gateway without any problems and in a matter of several minutes. So, if you are looking for a way to accept VeChain tokens on WooCommerce, you should certainly consider NOWPayments.
Zero downtime and fast loading speed
WooCommerce is also a perfect platform for featuring crypto payments, thanks to its zero downtime and fast loading speeds. When paying for products with crypto, some clients may prefer to wait for an exchange rate which they find appropriate, which can take some time. WooCommerce lets these people not worry about the store experiencing downtime or lagging or their cart contents vanishing away while waiting for the exchange rate to adjust. Similarly, the smooth operation of WooCommerce stores makes them convenient and pleasant to use.
How to install WooCommerce for VET payments
Merchants who are interested in implementing NOWPayments plugin for accepting VET payments can follow these steps:
1. Sign up for a NOWPayments account by pressing this link.
2. Specify your VeChain wallet address and generate an API Key.
3. Go to this page to install the latest version of the WooCommerce plugin.
4. Next, upload the nowpayments-payment-gateway-for-woocommerce directory to the /wp-content/plugins/directory.
5. Activate the plugin through the ‘Plugins’ menu in WordPress.
6. In the WooCommerce Settings page, go to the Payment Gateways tab, then click “Enable NOWPayments.”
7. Go to the “Manage” section and enter your NOWPayments’ API Key.
8. Click “Save changes” and the gateway will become active.
Conclusion
Online shops, including stores deployed on WooCommerce, extensively utilize VeChain payments. NOWPayments provides a simple plugin solution that makes it easy to set up a VET payment gateway for any WooCommerce store.