Discover the most suitable payment gateway for your WooCommerce online store.
Today, Cryptocurrency has established itself as a revolutionary, engaging, and intriguing medium of exchange. Cryptocurrencies have transformed the way we perceive finance and transactions. Many businesses find cryptocurrencies attractive for payment because they are faster, cheaper, easier, and more private.
In recent years, cryptocurrencies have taken the world by storm, revolutionizing various industries and transforming the way we perceive and conduct transactions. One significant advancement that has emerged from the crypto revolution is the introduction of crypto payment gateways. These gateways provide a seamless and secure way to process crypto payments for businesses and individuals alike.
Which crypto payment gateways you should select? Selecting the right payment solution is important for businesses looking to grow in the digital marketplace. Coinbase Commerce and NOWPayments are two prominent players in the field, each offering unique features and advantages. In this blog post, we’ll delve into a comparative analysis of Coinbase Commerce and Now Payments to help businesses make informed decisions based on their specific needs.
Coinbase is a well-known cryptocurrency exchange and payment gateway provider. It was founded in 2012 and has since grown into one of the largest crypto trading platforms in the world. Coinbase provides a range of services, including buying, selling, and storing cryptocurrencies, as well as a payment gateway solution known as Coinbase Commerce.
1- Cryptocurrency Acceptance:
Coinbase Commerce supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and others. This broad acceptance can attract different customers interested in using various digital assets for transactions.
Integration with Coinbase Commerce is relatively straightforward, with plugins available for popular e-commerce platforms such as Shopify and WooCommerce.Merchants can easily add cryptocurrency payment options to their existing online stores.
Coinbase is a well-established brand with a strong reputation for security and reliability. Coinbase Commerce leverages the security infrastructure of Coinbase, providing a high level of trust and reliability. The zero fees charged by Coinbase Commerce make it an affordable option for merchants.
Cons of Coinbase Commerce:
Coinbase Commerce only supports a limited number of cryptocurrencies compared to other payment gateway providers. The integration process can be complex for merchants who are new to using crypto payment gateways. Plugins like Coinbase Commerce for WooCommerce make it very easy.
NOWPayments is comparatively new in the crypto payment gateway market. It was founded in 2019 and has quickly become a popular payment solution for businesses that want to accept cryptocurrencies.
NOWPayments is a payment gateway that facilitates online transactions with a focus on simplicity and flexibility. Let’s explore its key features:
1- Cryptocurrency Acceptance:
NOWPayments accepts over 150 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Tether, and more. NowPayments supports a larger number of cryptocurrencies than Coinbase Commerce.
It offers a range of integration options, and plugins like NOWPayments for WooCommerce make it easy for merchants to use the platform, regardless of their technical expertise. The customizable payment page feature adds a professional look and feel to the payment gateway.
Cons of NOWPayments:
NowPayments is a new player in the crypto payment gateway market and may not have the same level of brand recognition as Coinbase.
The range of currencies supported by NowPayments may be overwhelming for some store owners.
Coinbase Commerce and NOWPayments are both excellent crypto payment gateway solutions that provide businesses with an easy way to accept cryptocurrencies as payment. When deciding between the two, store owners should consider factors such as the target audience, preferred payment methods, and integration ease. Coinbase Commerce is a perfect choice for those who are looking to tap into the cryptocurrency market, while Now Payments offers a more versatile solution accommodating a broader spectrum of payment options. Ultimately, the right choice depends on the individual requirements and objectives of the business.