BitPay or Coinbase? Shopify Now Lets Merchants Choose
Online e-commerce marketplace platform Shopify has announced a new partnership with bitcoin financial services provider Coinbase that will allow its roughly 70,000 merchants to integrate bitcoin processing services on their websites. The move is notable as Shopify began accepting bitcoin payments in November, electing at the time to offer BitPay as a payment option to its merchants. As a result, the announcement with Coinbase means Shopify merchants can now elect which major bitcoin processor they wish to use. Speaking to CoinDesk, Shopify director of payments Louis Kearns framed the....
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GoCoin has become the latest payment processor to be integrated into the Shopify e-commerce platform, joining Coinbase and BitPay in offering cryptocurrency payments options to merchants on the platform. Unlike Coinbase and BitPay, however, GoCoin will allow merchants to take payments not only in bitcoin, but also the altcoins dogecoin and litecoin. Eric Benz, GoCoin's business development advisor, said the deal has been months in the making, and was only completed because Shopify merchants like GAW Miners asked the e-commerce platform for altcoin payment options. Benz explained: "In the....
One of the big news items in the realm of e-commerce over the past year has been Shopify's movement into the bitcoin space by allowing their 120,000+ merchants to accept bitcoin. It call started last November with a partnership with Atlanta-based BitPay, then followed by another partnership with San Francisco-based Coinbase. Today, it's been announced that yet another digital currency payment processor is partnering up with Shopify, and that's Santa Monica-based GoCoin. This effectively enables merchant to not only accept bitcoin, but to also expand that to litecoin and dogecoin should....
Popular e-commerce platform Shopify announced earlier today it would add a bitcoin payment option for its sellers. With a base of over 70,000 online stores, the number of goods that can potentially be purchased with bitcoin has expanded once again. With current values putting 1 BTC at almost $340, bitcoin has moved back onto the mainstream radar. Acceptance by a large commercial presence like Shopify could see even more heads and opinions turn bitcoin's way. Bitcoin payments via BitPay will be offered as an option for merchants immediately*, but they will need to request activation....
Check out Shopify's blog post about accepting Bitcoins here. Shopify lists these benefits of Bitcoin: Customers from around the world can check out with digital currency. The currency works just like cash. Transactions cannot be reversed by the buyer (unlike credit cards or PayPal). You can choose to receive your payments in Bitcoins (paid into your Bitcoin wallet) or paid in your local currency directly into your bank account every business day. Transactions are secure and meet the highest standards for ecommerce security. The functionality of Shopify's Bitcoin integration comes from....
Merchants using Shopify as their e-commerce platform now have the opportunity to accept bitcoin payments thanks to an integration with San Francisco-based Coinbase's merchant services starting today. The way it works is simple: the merchant signs up for an account on Coinbase, enables the integration on the Shopify backend, and then enters their credentials to complete the process. From there, it's bitcoin madness. Already, four merchants have decided to use the integration. They are: Leap Motion, Boosted Boards, Soylent, and iOgrapher. A statement from Soylent on the integration: We have....