Accept crypto payments with WooCommerce

Accept crypto payments with WooCommerce by integrating ForumPay, leader in crypto payments solutions for global merchants and businesses. Our unique crypto payment gateway is designed to integrate seamlessly with any PoS platform, such as WooCommerce, allowing crypto consumers to transact with merchants and businesses that have not yet onboarded crypto payments. So, why accept crypto payments? 

In this article, we explore the benefits for merchants and businesses of accepting crypto payments, how ForumPay can help your business grow on a global scale, and how to accept crypto payments in WooCommerce. 

The benefits of accepting crypto payments

For merchants and businesses looking to expand their customer base and increase revenue, one of the easiest and cheapest ways to do so is to onboard crypto payments. This modern and progressive approach to payment processing not only attracts a global audience of crypto consumers, it also reduces transaction fees, eliminates the risk of chargebacks, and offers faster settlement times, helping boost sales and increase customer satisfaction. Simply promoting the acceptance of crypto payments can attract more traditional consumers, inspired by the business’ commitment to innovation and willingness to embrace change. 

Crypto payments are also safer, faster and often cheaper than traditional credit and debit card payments. Unlike centralized banking systems, which can take several days to process payments, crypto transactions are usually completed within minutes. This speed can be especially beneficial during busy shopping periods such as sales or the holidays, and allows businesses to confirm transactions without delay. As for security, crypto transactions are processed using blockchain technology. Given its decentralized nature, blockchain technology minimizes the risk of fraud, providing both merchants and consumers with greater confidence.

How ForumPay helps your business grow 

In allowing merchants and businesses to accept crypto payments, ForumPay gives them the power to grow on a global scale by unlocking access to the ever-expanding market of cryptocurrency users and consumers. With over 575 million potential customers using crypto, businesses can harness ForumPay to capitalize on this affluent demographic while benefiting from our secure, compliant, zero-risk payment system. We connect businesses with this new and growing consumer segment by converting crypto transactions instantly into FIAT currency, leveraging our own crypto exchange to lock in and guarantee the conversion rate. 

This instant conversion protects merchants and businesses from the volatility often associated with cryptocurrencies, and allows both buyer and seller to see exactly how much they will pay and receive respectively before confirming the transaction. With ForumPay, businesses can watch their revenue accrue in real time by monitoring their Merchant Dashboard. These funds are then deposited into the merchant’s bank account the following business day, enhancing efficiency and offering quick access to funds. With no setup fees, hidden costs, or exposure to fraud and chargebacks, our crypto-to-FIAT payment gateway provides a low-risk, cost-effective solution for businesses to grow and reach a wider global audience
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How to accept crypto payments in WooCommerce

ForumPay comes fully integrated, free of charge, with WooCommerce. Merchants and businesses currently using WooCommerce to process payments can easily start accepting crypto payments from customers around the world within minutes. As mentioned above, customers will be notified before initiating each transaction as to how much their purchases will cost in the cryptocurrency of their choice, creating a transparent process, end to end. ForumPay is also fully wallet-agnostic, meaning consumers can make a payment in any popular crypto from any wallet. Once the payment has been processed, the merchant will be able to see the funds displayed on their ForumPay Merchant Dashboard. 

Merchants and businesses who work with other online workflows or PoS systems can also integrate ForumPay free of charge, adding crypto to their available payment options. In fact, no integration is necessary from mobile connected devices, allowing crypto payments to be onboarded seamlessly. If the merchant prefers, ForumPay also offers a dedicated device with the ForumPay payment solution pre-loaded and ready to run. Out of the box and onto the counter, merchants will be ready to accept crypto payments in a matter of minutes. 

For more information on accepting crypto payments with WooCommerce or any other online or in-store payment system, and for other trends and insights from the world of crypto, visit www.forumpay.com, and follow us on social media.