BigCommerce has partnered with BitPay and CoinPayments to provide crypto payment solutions – The Fintech Times | Jewelry Dukan

BigCommerce (Nasdaq: BIGC), an open SaaS e-commerce platform for fast-growing and established B2C and B2B brands, has announced a strategic partnership with cryptocurrency organizations. BitPay and coin payments to easily and securely provide cryptocurrency payment solutions to BigCommerce Enterprise merchants in select countries.

By expanding its crypto ecosystem, BigCommerce opens up opportunities for its merchants to offer more payment options, expand market share, attract a new customer base, and accelerate international growth through innovation.

“Expanding our crypto ecosystem with trusted, best-of-breed partners is just one step to drive innovation and growth for our merchants,” he said Marc Ostryniec, Chief Sales Officer at BigCommerce. “A new era of consumers are passionate about transacting with crypto, and we’re helping them do it. Merchants who embrace this new technology can stay relevant and stay on top as the world of payments continues to shift to digital currencies.”

BigCommerce’s open, flexible approach to ecommerce means merchants can choose which cryptocurrency payment solutions work best on their BigCommerce store. With the one-click integration, merchants can start offering cryptocurrency as another payment method for shoppers looking to spend their cryptocurrency.

BitPay allows merchants to accept a variety of cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Bitcoin Cash (BCH), Shiba Inu (SHIB), Wrapped Bitcoin (WBTC), Litecoin (LTC), XRP (XRP) and 5 USD-pegged stablecoins (BUSD, DAI, GUSD, USDC and USDP). As a pioneer of blockchain payment technology, BitPay has processed more than $5 billion in payment volume since 2011 and supports over 100 crypto wallets.

“Accepting cryptocurrencies can be intimidating and complex, sometimes with a learning curve. We’ve partnered with BigCommerce to minimize the hassle for merchants to add crypto as a payment option alongside their existing payment methods with just a few clicks,” said the BitPay CEO Stefan Few. “Our strategic partnership and integration with BigCommerce brings crypto into the mainstream and supports a different future for payments to transform the way merchants receive money worldwide.”

With over 115,000 merchants in 190 countries around the world, CoinPayments is a crypto payment gateway that gives merchants the ability to accept global real-time payments of over 100 cryptocurrencies including Bitcoin, Ethereum and Litecoin with a low 0.5 percent processing fee.

“Amid a growing global demand for alternative payment solutions, our partnership with BigCommerce offers merchants of all sizes a trusted, streamlined, and scalable solution for accepting cryptocurrency payments,” said Kalin Kalinov, Chief Marketing Officer of CoinPayments. “With an ever-growing base of crypto holders worldwide, we look forward to working with BigCommerce to give their merchants a unique opportunity to reach new audiences and grow their business.”

The BigCommerce crypto ecosystem strives to provide its tens of thousands of global B2C and B2B BigCommerce merchants with industry-leading crypto technologies to keep them viable and sustainable as currencies evolve around the world. Key benefits of this partnership include:

  • Reach broader markets. By offering cryptocurrency as a payment method, merchants can open their brands to an entirely new global market, building trust and loyalty with forward-thinking consumers across a range of retail categories.
  • Lower transaction fees. Fees for crypto transactions are often much lower than traditional financing, reducing transaction costs for merchants and allowing the savings to flow back into the business.
  • reduce risk. Blockchain technology puts security first, reducing problems related to fraudulent buyer activity. Because merchants are in full control of all funds in their store wallets, they are protected from chargebacks once those funds are received.
  • More payment options. By expanding the payment options to choose from, merchants can streamline the purchase path to enhance the shopping experience.
  • Innovation. By accepting cryptocurrencies, merchants gain a competitive advantage by keeping up with technological advances in e-commerce and changing consumer demands.

BigCommerce’s growing crypto ecosystem currently consists of technology partners BitPay and CoinPayments and will continue to grow.

  • Francis Bignel

    Francis is a journalist with a BA in Classical Civilizations and has a particular interest in the Americas.

Leave a Comment