- BigCommerce, a top SaaS e-commerce platform, and BitPay and CoinPayments worked together to make it possible for businesses to accept cryptocurrency payments.
- All 60,000 or so merchants that this business model supports can now accept bitcoin as payment.
- Businesses can choose the cryptocurrency payment alternatives that work best in their BigCommerce store thanks to BigCommerce’s open and flexible e-commerce platform.
According to a press release, BitPay and CoinPayments have collaborated with BigCommerce (Nasdaq: BIGC), a leading software-as-a-service (SaaS) e-commerce platform, to enable merchants to accept bitcoin and some other cryptocurrencies.
This partnership unlocks new potential for our merchants to reach customers, expand internationally, broaden market share and more 🚀
— BigCommerce (@BigCommerce) September 15, 2022
Like Shopify, BigCommerce enables companies to establish their online storefronts with an easy setup and partner integrations. Every single one of the roughly 60,000 merchants supported by this business model can now accept bitcoin as payment.
— CoinGecko (@coingecko) September 15, 2022
BigCommerce’s chief sales officer, Marc Ostryniec, stated that adding dependable best-of-breed partners to their crypto ecosystem is simply one step in fostering innovation and expansion for their merchants. A new generation of consumers, he continued, are enthusiastic about conducting business using cryptocurrency and assisting them in doing so. As the world of payments continues to move toward digital money, companies who use this new technology can stay current and preserve a competitive edge.
As of BigCommerce’s open and adaptable e-commerce model, businesses can select the cryptocurrency payment options that work best in their BigCommerce store. With a single-click interface, businesses can start accepting cryptocurrencies as a second form of payment from customers.
Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Bitcoin Cash (BCH), Shiba Inu (SHIB), Wrapped Bitcoin (WBTC), Litecoin (LTC), XRP (XRP), and five USD-pegged stablecoins are just a few of the cryptocurrencies that retailers can accept through BitPay (BUSD, DAI, GUSD, USDC, and USDP). Since 2011, BitPay has processed more than $5 billion in payments and offers more than 100 cryptocurrency wallets. BitPay invented the blockchain payment system.
The new interfaces offered by the two cryptocurrency infrastructure providers will be useful to merchants of all sizes. BigCommerce talks about the advantages that businesses would enjoy by taking bitcoin and other cryptocurrencies in the press release.
Alternative payment options provide retailers access to a wider customer base. Additionally, fewer fees will be seen by retailers, which will lower operational costs. Furthermore, BigCommerce’s e-commerce platform gives merchants control over their wallets through the partners it has selected, reducing the possibility of erroneous chargebacks.