Cryptocurrencies are a form of digital or virtual currency that can be transferred directly from person to person over the internet. Cryptocurrencies provide the following advantages to merchants:
- Fast transactions
- Low processing fees
- No chargebacks
- Local and international transactions
- Payment conversion to any fiat currencies such as USD or CAD.
To accept cryptocurrencies, enable one or more of the following alternative payment methods from the Payment providers page of your Shopify admin:
After you enable a payment method that supports cryptocurrencies, you can accept Bitcoin, Ethereum, Litecoin, amongst 300+ digital currencies.
Enabling an alternative gateway will not impact your existing gateways. Each cryptocurrency gateway has a dedicated support channel that should be contacted for issues with registration or payments.