Coinbase Commerce is one of the first non-custodial cryptocurrency payment solutions that enables merchants anywhere in the world to accept cryptocurrency payments directly from their customers. We’ve been hard at work the past few weeks and are happy to announce a WooCommerce plugin and a few other new features.
For merchants using WooCommerce, one of the most popular eCommerce platforms on the web, it’s now easier than ever to start accepting cryptocurrencies as a form of payment. The widely-used plugin powers more than 28% of all online stores — and all of them now have access to cryptocurrency payments from customers around the world. This increased access will lead to more widespread adoption, and ultimately, moves us closer to our goal of an open financial system.
Accept Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and Stable Coins, USDC and DIA. You can easily convert your payments to stable coins or into your favorite crypto. Currently Coinbase is paying 0.15%APY on your USDC holdings on the platform.
Note that all payments made through Coinbase Commerce are truly peer-to-peer — when customers send money from their cryptocurrency wallet it’s sent directly to a merchant-controlled cryptocurrency address and processed on-chain by the respective blockchain. This means merchants never have to pay transaction fees to accept payments and always remain in complete control over their funds.