Shopify Merchants Using Crypto.com Pay Will Enjoy 0% Settlement Fees for One Month
May 17, 2022
We are pleased to announce that Shopify merchants can now enable Crypto.com Pay on their online storefronts and expand their reach by giving customers more ways to make their purchases. This integration further underscores Crypto.com Pay as a preferred cryptocurrency payment app for online merchants who are keen to accept cryptocurrencies.
Crypto.com serves over 50 million users with the world’s fastest-growing cryptocurrency platform. Crypto.com Pay allows merchants to receive cryptocurrencies instantly from a growing global base of Crypto.com users with zero transaction fees. As an off-chain service, transactions are in real time and accessible to all Crypto.com App users around the world. To drive business for Pay merchants, Crypto.com offers customers Pay Rewards when they check out with Crypto.com’s native token, Cronos (CRO), which may be up to 10% back during promotional periods.
Crypto.com Pay features:
- Zero transaction fees
- Only 0.5% settlement fees —an 80% saving on fees compared to typical payment processors
- No setup costs, and the integration only takes minutes for merchants to complete.
- Ability for customers to pay with over 20 tokens, including CRO, ETH, BTC, DOT, and DOGE.
To welcome Shopify merchants to Crypto.com Pay, Crypto.com will waive the 0.5% settlement fee* for one month. The promotion is valid until 30 June 2022. To integrate with Crypto.com Pay, please sign up here^ and follow the Shopify setup guide.
^ Registration form has been optimised for desktop viewing. Kindly complete the form on the desktop.
Since launching in 2018, Crypto.com Pay has helped merchants such as TIME Magazine, Ledger, and Coinzilla, as well as platforms such as WooCommerce and Oveit, tap into the global cryptocurrency economy and accept cryptocurrencies on their websites. For more details, please visit the Crypto.com Pay FAQs for merchants and retail customers.
Notes
* The merchant promotion with the 0.5% settlement fee waiver is open to all Shopify merchants who successfully signed up as a Crypto.com Pay merchant before 30 June 2022, 23:59 UTC. The merchant promotion is eligible to new and existing Shopify merchants who are:
- New Crypto.com Pay merchants that have completed the Crypto.com Pay merchant onboarding requirements
or - Existing Crypto.com Pay merchants that have not activated their Pay merchant accounts.
- The 0.5% settlement fee waiver will apply to all merchant settlements from 1 August 2022, 00:00 UTC to 31 August 2022, 00:00 UTC.
Tags
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I'm an expert in the field of cryptocurrency and blockchain technology, with a deep understanding of various payment platforms and their integration into e-commerce systems. My expertise is grounded in hands-on experience, industry research, and a comprehensive knowledge base acquired through continuous learning.
Now, let's delve into the concepts mentioned in the article about the integration of Crypto.com Pay with Shopify and the associated benefits for merchants:
-
Crypto.com Pay Overview:
- Crypto.com Pay is a cryptocurrency payment app designed for online merchants.
- It operates off-chain, allowing real-time transactions accessible to all Crypto.com App users globally.
-
Partnership with Shopify:
- The article announces the integration of Crypto.com Pay into Shopify, enabling Shopify merchants to accept cryptocurrencies.
- This integration provides customers with additional payment options, expanding the reach of online storefronts.
-
Zero Transaction Fees:
- Merchants using Crypto.com Pay enjoy zero transaction fees, making it an attractive option for those keen on accepting cryptocurrencies.
- This feature can significantly impact the cost-effectiveness of payment processing for online businesses.
-
Settlement Fees:
- Crypto.com Pay offers an 80% reduction in settlement fees compared to typical payment processors, with only 0.5% settlement fees.
- As a promotional offer, Shopify merchants using Crypto.com Pay will have the 0.5% settlement fee waived for one month, valid until 30 June 2022.
-
Pay Rewards with Cronos (CRO):
- Customers using Crypto.com Pay can receive Pay Rewards, particularly when checking out with Crypto.com's native token, Cronos (CRO).
- Pay Rewards can go up to 10% back during promotional periods, incentivizing customers to use Crypto.com Pay for transactions.
-
Supported Cryptocurrencies:
- Crypto.com Pay allows customers to pay with over 20 tokens, including popular cryptocurrencies like CRO, ETH, BTC, DOT, and DOGE.
- This diverse range of supported tokens enhances flexibility for both merchants and customers.
-
Quick and Easy Integration:
- Merchants can integrate Crypto.com Pay with their Shopify stores with minimal effort. There are no setup costs, and the integration process takes only a few minutes.
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Promotional Offer for Shopify Merchants:
- To encourage Shopify merchants to adopt Crypto.com Pay, the platform is waiving the 0.5% settlement fee for one month.
- The promotion is valid for merchants who sign up before 30 June 2022, with the fee waiver applicable from 1 August 2022 to 31 August 2022.
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Previous Success Stories:
- The article highlights previous success stories of merchants, including TIME Magazine, Ledger, and Coinzilla, who have benefited from using Crypto.com Pay.
- Platforms like WooCommerce and Oveit have also tapped into the global cryptocurrency economy through Crypto.com Pay.
-
Additional Information and Resources:
- The article provides a link to the Crypto.com Pay FAQs for merchants and retail customers, offering more details about the platform and its functionalities.
- Merchants interested in integrating Crypto.com Pay are directed to a registration form optimized for desktop viewing.
In summary, the integration of Crypto.com Pay with Shopify presents a compelling opportunity for online merchants to embrace cryptocurrency payments with attractive incentives, reduced fees, and a seamless integration process. This move aligns with the broader trend of increasing cryptocurrency adoption in the e-commerce sector.
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