How to Accept Cryptocurrency Payments with Shopify

Shopify is a popular e-commerce platform that empowers businesses to create and manage their online stores. With its user-friendly interface and extensive range of features, Shopify has become a go-to solution for entrepreneurs and businesses of all sizes looking to establish an online presence.

What is Shopify?

Shopify is a cloud-based e-commerce platform that provides everything you need to start, run, and grow your online store. It offers a wide range of tools and features, including website templates, product management, payment gateways, shipping options, and more. Whether you are a small business just starting or an established brand looking to expand, Shopify provides a scalable and customizable solution to meet your e-commerce needs.

Does Shopify accept cryptocurrency?

Yes, Shopify accepts cryptocurrency payments through integrations with various cryptocurrency payment gateways. You can choose from different options like Coinbase Commerce, BitPay, and CoinPayments to enable their Shopify plugins to accept payments in Bitcoin, Ethereum, Litecoin, Dogecoin, USDC, and others.

In addition, Cryptomus has developed its own plugin for accepting crypto payments on Shopify. Below, we have provided instructions that will help you set up the Cryptomus plugin for Shopify with peace of mind.

Why Should You Accept Crypto Payments with Shopify?

Accepting payments in Bitcoin and other cryptocurrencies with Shopify can offer a wide range of benefits to businesses, making it an attractive option for merchants looking to expand their payment opportunities. Here are some compelling reasons:

• Access to a Global Customer Base: By accepting cryptocurrencies, Shopify merchants can attract customers from around the world who prefer using digital assets for their purchases.
• Lower Transaction Fees: Traditional payment methods, such as bank transfers, often come with high transaction fees. Cryptocurrencies offer lower transaction costs, potentially leading to savings for merchants.
• Faster Settlements: Cryptocurrency transactions are processed much faster compared to traditional banking systems. Merchants can experience near-instantaneous settlements, leading to improved cash flow and quicker access to funds.
• Enhanced Security and Privacy: Cryptocurrencies operate on a decentralized and secure blockchain network, and their acceptance with Shopify can reduce the risks of fraudulent transactions and chargebacks. Using Shopify platform, businesses also can cater to customers that prefer not to disclose sensitive financial information.
• Crypto Pioneer Advantage: By accepting crypto payments with Shopify, businesses gain a competitive edge and position themselves as industry pioneers. This move also demonstrates a willingness to explore new technologies and adapt to the changing financial landscape, enhancing your brand's innovative image.
• Supporting the Crypto Community: By accepting cryptocurrencies, businesses contribute to the adoption of the crypto community, potentially leading to increased loyalty and word-of-mouth referrals.

Start Accepting Crypto Payments with Shopify: Step-By-Step Guide

Shopify, a leading e-commerce platform, offers merchants the ability to accept crypto payments, providing a modern and flexible payment option.

In this guide, we’ll walk you through the steps to start accepting cryptocurrencies like Bitcoin, Ethereum, and other crypto with Shopify:

1. Go to the Shopify website to create a custom app. Choose the "Apps and sales channels" option.
2. Go to "Develop apps".
3. Click "Create an app" and follow instructions.
4. Go to API credentials and click on the "Configure admin API scopes" option.
5. Give permissions to read, change and save orders.
6. Install the application using the “Install app” button and receive an access token.
7. Go to the Cryptomus platform, in your personal account go to the merchant settings.
8. Find the Shopify item and fill the domain and admin API key.
9. Go to the “Checkout” section in the settings, find the “Order status page” section and add the script.
10. Find the “Payments” section in settings and add Cryptomus as a payment method.
11. Go to “Manual payment methods” and select “Create custom payment method”.
12. Create a payment method.

So, when you've understood the process in general, it's time to explore each step more accurately. Let's see!

1. Go to the Shopify website to create a custom app. Next, choose the “Apps and sales channels” option in the settings.

2. Go to “Develop apps”.

3. Click “Create an app” and follow the further instructions (Name is custom).

4. Go to API credentials and click on the “Configure Admin API scopes” option.

5. Give permissions to read, change and save orders.

6. Next, install the application using the “Install app” button.

7. After that, you will receive an access token, which will be needed further on.

8. Go to the Cryptomus platform, then in your personal account go to the merchant settings.
9. Find the Shopify item and fill in the following data:

• The domain which can be found in the browser address bar in the shop. The format is “shop.myshopify.com” without https and slashes;
• Admin API key we got in the last point.

10. After filling in the data correctly, you will get the script that is needed to specify. You should:

• Go to the “Checkout” section in the settings;
• Go down to the “Order status page” section and add the script.

11. Find the “Payments” section in settings and add Cryptomus as a payment method.

12. Go to “Manual payment methods” and select “Create custom payment method”.

13. Create a payment method. The name of the method must contain the word "cryptomus" for it to work as in the example below.

Done! You have successfully set up a cryptocurrency payment method for your e-commerce website. Now, your customers will be able to pay for their purchases with cryptocurrency, which will open up new opportunities for you and attract a wider audience.

In conclusion, Shopify offers a compelling e-commerce solution with its user-friendly approach and extensive features. With the Cryptomus via Shopify integration, merchants can further enhance their online stores and embrace the exciting world of digital finance. If you're looking forward to expanding your payment options and exploring new markets, accepting cryptocurrencies with Shopify might be the right move for your business.