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BigCommerce (Nasdaq: BIGC), a major SaaS eCommerce platform, has joined with BitPay and CoinPayments to enable merchants to take bitcoin and other cryptocurrencies.
Like Shopify, BigCommerce enables businesses to establish their eCommerce stores with an intuitive setup and partner connections. This business model already supports over 60,000 retailers worldwide, and each may now take bitcoin as payment.
BigCommerce enables BTC payments for merchants. Image: Coinpayments
BigCommerce’s Chief Security Officer, Marc Ostryniec, remarked, “A new era of consumers are passionate about transacting using crypto, and we’re helping them do it.”
The new interfaces offered by the two bitcoin infrastructure providers will be accessible to merchants of all sizes. BigCommerce outlines the benefits for retailers who accept bitcoin and other cryptocurrencies in this press release.
First, different payment options allow firms to reach a more extensive customer base. Retailers will pay lower fees, cutting their operational expenses. In addition, the eCommerce platform enables merchants to regulate their wallets, reducing the risk of false chargebacks.
Stephen Pair, CEO of BitPay, stated that accepting cryptocurrencies might sometimes be frightening and complicated, with a learning curve. “We’ve teamed with BigCommerce to help minimise the lift for merchants to add crypto as a payment option alongside their existing payment methods in just a few clicks.”
In conclusion, BigCommerce stated that only these two partners presently support its bitcoin and cryptocurrency ecosystem. In the future, the SaaS provider plans to extend integrations.