BigCommerce Partners With Merchants In Adopting Crypto Payment

BigCommerce an online platform has strategically partnered with BitPay and CoinPayments in trying to integrate crypto payments and boost its adoption.

The leading Open SaaS e-commerce platform made the announcement of its strategic partnership with BitPay and CoinPayments on Thursday, Sept 15, 2022.

BigCommerce is a NASDAQ-listed ecommerce platform that provides software as a service services to retailers.

According to BigCommerce’s chief sales officer, Marc Ostryniec, “our goal is to deliver secure crypto payment solutions to all BigCommerce merchants around the world and also expand the crypto ecosystem, BigCommerce offers merchants the opportunity to offer payment options, broaden market share, expand its customer base and accelerate international growth.

Ostryniec said “Expanding our crypto ecosystem to include trusted best-of-breed partners is just one step towards driving innovation and growth for our merchants. A new era of consumers are passionate about transacting using crypto, and we’re helping them do it. Merchants embracing this new technology can remain relevant and maintain a cutting edge as the world of payments continues to shift to digital currency.

“Interestingly, BigCommerce provides merchants the flexibility to choose which crypto payment solutions work best in their stores. They also offer a single-click integration for merchants to start offering digital assets as another payment method. This also gives shoppers the flexibility to spend their cryptocurrencies on purchases.

“We’ve teamed with BitPay to help minimize the lift for merchants to add crypto as a payment option alongside their existing payment methods in just a few clicks. Our strategic partnership and integration with BitPay moves crypto into the mainstream and supports a different future for payments to transform how merchants receive money around the world.

BitPay founded in 2011, is one of the leading Bitcoin payment service providers in the world. BitPay has processed more than $5 billion in payments supporting over 100 crypto wallets. Merchants using BitPay, can now choose to accept a variety of different cryptocurrencies.

This includes Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Bitcoin Cash (BCH), Shiba Inu (SHIB), Wrapped Bitcoin (WBTC), Litecoin (LTC), XRP (XRP). BitPay CEO Stephen Pair said:

Similarly, another crypto payment gateway CoinPayments has a huge market presence. Over 115,000 merchants across 190 countries use CoinPayments to accept real-time crypto payments. The payment gateway supports over 100 cryptocurrencies including Bitcoin, Ethereum, and Litecoin with a processing fee as low as 0.5%.

BigCommerce said that it is working with several global B2C and B2B BigCommerce merchants to provide industry-leading crypto technologies. It offers key benefits to merchants such as lower transaction fees, broader market reach, more payment options, reduced risks, and innovation.