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Can I Accept Crypto on WooCommerce?

Last updated on October 1, 2022 @ 2:29 pm

The short answer is yes, you can accept crypto on WooCommerce. There are a few different ways to do this, and we’ll go over the two most popular methods below. Hopefully, by the end of this article, you’ll have a good idea of which method is right for you and your business.

Method 1: Use a Cryptocurrency Payment Processor

The first and most popular method is to use a cryptocurrency payment processor. These are companies that will handle the process of payments for you and then deposit the funds into your account. Some of the most popular cryptocurrency payment processors are BitPay, CoinGate, and GoCoin.

To start accepting payments with one of these processors, you’ll first need to create an account and then add their payment gateway to your WooCommerce site. Once that’s done, you’ll be able to start accepting payments in Bitcoin, Ethereum, Litecoin, and other popular cryptocurrencies.

PRO TIP: Please be aware that there are risks associated with accepting crypto on WooCommerce. Cryptocurrencies are volatile and can fluctuate widely in price. You may experience losses if the value of the crypto you accept falls sharply.

Method 2: Use a Cryptocurrency Wallet

The second method is to use a cryptocurrency wallet. This is a piece of software that allows you to store, send, and receive cryptocurrencies. Some popular wallets include Jaxx, Exodus, and Trezor.

To start accepting payments with a wallet, you’ll need to generate a wallet address for each currency you want to accept. You can then add these addresses to your WooCommerce site as payment methods. When a customer pays you in cryptocurrency, the funds will be sent to your wallet address and then you can store or exchange them as you please.

Conclusion

There are a few different ways that you can start accepting crypto on WooCommerce. The two most popular methods are using a cryptocurrency payment processor or using a cryptocurrency wallet. Both methods have their own benefits and drawbacks, so it’s important to choose the one that’s right for you and your business.

Dale Leydon

Dale Leydon

Sysadmin turned Javascript developer. Owner of 20+ apps graveyard, and a couple of successful ones.