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Shopify Integrated the Crypto.com Pay

source-logo  web3wire.news 19 May 2022 17:52, UTC

Crypto Payment Solutions

Global cryptocurrency exchange Crypto.com partners with premier e-commerce platform Shopify to provide Crypto.com Pay to eligible merchants. 

The announcement, posted on Twitter and Crypto.com's website on May 17, caters to the platform's massive user base of online merchants by providing an additional means of accepting new payment methods. Users who sign up for this new feature can take advantage of the following perks: 

  • Zero transaction fees.
  • 0.5% settlement fees - an 80% saving on fees compared to traditional payment processors.
  • No setup costs.
  • Easy and efficient integration, taking merchants only minutes to get onboarded.
  • Ability for customers to pay with over 20 different cryptocurrency tokens, some of which include CRO, ETH, BTC, DOT, and DOGE. 

Furthermore, Crypto.com offers Shopify merchants a waiver of the 0.5% settlement fee for one month to promote the partnership. The merchant promotion for the fee waiver is open to all Shopify merchants who successfully sign up to Crypto.com Pay before June 30, 2022, 23:59 UTC. 

🆕 https://t.co/vCNztABJoG Pay is now on Shopify!

🤝 Bringing https://t.co/vCNztABJoG Pay to eligible @Shopify merchants with no setup costs

✅ Shopify merchants can sign up now and enjoy 0% settlement fees for 1 month#PayEverywhere #CryptoComPay #Shopify pic.twitter.com/FXh4aigM50

— Crypto.com (@cryptocom) May 17, 2022

The promotion is available to both new merchants and existing merchants who have not yet activated their Pay accounts on the platform. In addition, anyone who currently operates an online shop on Shopify can sign up here to take advantage of the perks.  

Source

Crypto.com has been active in the payment space since launching Crypto.com Pay in 2018. They’ve worked with merchants such as TIME Magazine, Ledger, and Coinzilla. Additionally, they’ve supported platforms such as WooCommerce and Oveit in their plans to support cryptocurrency payments on their websites. More details on the Crypto.com Pay FAQs can be found here for merchants and retail customers. 

What is Crypto.com:

Crypto.com is a Singapore-based cryptocurrency exchange. Currently, their app has 10 million users and 4,000 employees. Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo founded the company "Monaco" in 2016.  Following the purchase of a domain owned by cryptography researcher and professor Matt Blaze, the company was renamed Crypto.com in 2018. The domain was valued at between $5 and $10 million by domain sellers.

Foris DAX Asia, a Singapore-based subsidiary of Foris DAX MT (Malta) Limited, operates Crypto.com. Crypto.com has notable sponsorship agreements with Formula One, Serie A, the UFC, Paris Saint-Germain Football Club, the Philadelphia 76ers, the Montreal Canadiens, and Water.org. 

Website | Twitter | Discord | Blog

What is Shopify:

Shopify Inc. is a multinational Canadian e-commerce company based in Ottawa, Ontario. It is also the name of the company's proprietary e-commerce platform for online stores and retail POS systems.

Where to find Shopify:

Website | Twitter 

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