ECommerce development platforms

First and foremost, whether you’re an e-commerce merchant just getting your feet wet in the cryptocurrency industry or you’re sold on the concept of crypto payments and looking into how to accept them in your online store, staying on top of how this trend is evolving is vital.

Knowing that it is ECommerce that has pushed cryptocurrencies into the mainstream and will continue to do so.

The most common ECommerce development platforms are “OpenCart” and “Prestashop,” which are utilised by the majority of consumers and businesses.

So, before we look at how to accept bitcoin on “OpenCart” and “Prestashop,” let’s have a look at the advantages cryptocurrencies may provide for ECommerce.

Ecommerce Benefits of Cryptocurrency

Instant Payments: While traditional transactions might take time, blockchain technology allows for faster, more direct transactions, which can help your company’s cash flow.

Customers benefit from the quick processing of cryptocurrencies since things may be shipped immediately, which is great for meeting purchasers’ increased need for quick delivery.

Accepting cryptocurrency transactions may extend your target market and lead to more new customer visits.

Additionally, cryptocurrencies may make international transactions easier, cheaper, and faster for organisations looking to expand worldwide.

Better security: Cryptocurrencies are exceedingly difficult to steal and counterfeit because to their advanced encryption, reducing the risk of fraud in digital transactions.

Reasonable prices: For numerous cryptocurrencies, third-party service fees have been drastically reduced, which is great news for e-commerce sellers that regularly suffer extra transaction fees from credit cards and other payment methods.

Lowering transaction costs can help you boost your company’s profitability.

Accept Bitcoin & Ethereum Payments With OpenCart & Prestashop

You have two alternatives if you wish to accept cryptocurrency payments on OpenCart or Prestashop:

Personal Wallet: You can accept payments directly into your digital wallet with this option.

Third-Party Payment Processors: Third-party services like CoinRemitter, CoinPayments, and NOWPayments execute transactions on your behalf in this case. Each of the payment processors listed has its own set of fees, features, and supported cryptocurrencies.

There are no hard and fast rules to follow when utilising a Crypto payment gateway. It operates similarly to regular payment gateways. The sole distinction is that crypto payment gateways simply assist in the acceptance of cryptocurrency.

You may take cryptocurrencies if you utilise OpenCart or Prestashop and integrate their payment gateway plugins. CoinRemitter, for example, offers free open-source crypto gateway plugins for OpenCart, Prestashop, and other platforms.

CoinRemitter is excellent for any ECommerce firm since it contains invoicing and real-time payment settlement functionalities. It also offers the most affordable pricing structure when compared to the competition.

Because its plugins are open-source, you may quickly implement customised adjustments or upgrades specifically for your ECommerce. You’ll be able to take cryptos like Bitcoin, Ethereum, Litecoin, and others as payment effortlessly, securely, and quickly once it’s incorporated.

Final Thoughts

Cryptocurrency might be the answer for e-commerce firms looking to expand their market share while also offering their customers a faster and more convenient way to pay for products and services.

Although some people are concerned about cryptocurrency’s widespread adoption and the impact it may have on e-commerce, signs from the retail industry show that acceptance and usage are increasing.

So, if you’re utilising OpenCart or Prestashop as your ECommerce Platform, you should be able to take crypto payments fast and easily using third-party payment processors, with no additional setup fees.

Whether you’re sold on the notion of accepting cryptocurrency payments on your e-commerce site or not, staying up to date on the newest cryptocurrency advancements means you’ll be able to adjust your e-commerce strategy quickly and remain ahead of the competition!