Crypto.com is a fast-growing crypto platform that has announced that Shopify merchants now have the ability to receive crypto payments directly from Crypto.com Pay customers. Shopify users will now have more options for payment, thanks to this move.
Crypto.com announced that it will waive 0.5% settlement fees on all transactions made by Shopify users for at least one calendar month in order to welcome them aboard. Shopify merchants that use Crypto.com to pay will be able to enjoy a 0% settlement on all crypto transactions for at most one month.
Shopify accepts crypto payments
Shopify merchants will be able to receive instant cryptocurrency payments at zero transaction costs from Crypto.com’s growing user base.
Crypto.com app users can access the crypto.com Payment off-chain service.
Crypto.com offers customers crypto-cashback rewards for paying with the Cronos token, which is Crypto.com’s native token. Customers can receive up to 10% pay rewards during the promotional period, which lasts for one month.
Shopify and Crypto.comPay have been integrated to highlight Crypto.comPay as the preferred crypto payment app for online merchants searching for crypto payment options.
Kris Marszalek, co-founder, and CEO of Crypto.com said that the integration was complete.
“Providing more customers and merchants the ability to engage in commerce using cryptocurrencies is a priority for Crypto.com. We are incredibly excited to integrate into Shopify, and to bring this capability to even more customers and merchants around the world.”
About Crypto.com Payment
Crypto.comPay saves users up to 80% compared with traditional payment processors. It doesn’t charge transaction fees beyond the 0.5% settlement fee.
Second, there are no setup fees and integration with Shopify merchant shops takes only minutes.
Crypto.com Pay allows customers to pay with more than 20 cryptocurrencies such as BTC, ETH and DOGE.
John S. Lee, Lead of Blockchain Ecosystem for Shopify, commented on the integration:
“We’re happy to welcome Crypto.com to help Shopify merchants provide an additional fast and convenient way for customers 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’s possible in commerce.”
Crypto.com Pay was launched in 2018 and has been integrated into many platforms to benefit merchants. TIME Magazine, WooCommerce and Oveit have all integrated Crypto.com Payment so far.