We are excited to announce that you can now accept Bitcoin through Coinbase. If you aren’t familiar with Bitcoin, the high level overview is that it’s an open-source, peer-to-peer virtual currency with growing global support. If you’re targeting a more technically inclined, early-adopter crowd, bitcoin support might go a long way.
While we have supported Bitcoin via Bitpay.com for quite some time now, Coinbase brings a lot to the table and has quickly grown to be the world’s most popular bitcoin wallet. A quick look at some of the benefits of using Coinbase and it’s easy to see why:
- Easily buy and sell bitcoin
- Securely store and manage bitcoin in digital wallet (web and mobile)
- Secure and private vault to protect your bitcoin
- Easily send bitcoin to friends and family
- Shopping with merchants who accept bitcoin is effortless
- Bitcoin exchange
When accepting bitcoin, you don’t have to worry about chargebacks and the risk of fraud. On top of that, you can instantly have your bitcoin converted to cash. Accepting bitcoin might not make sense for all merchants, but if you have a younger or more technically savvy customer base, you can easily accept bitcoin without any risk, and with lower fees than accepting credit cards.
Still not sold on whether you should accept bitcoin? Learn more about how bitcoin is helping businesses in a previous blog post here.
Save when you pay with bitcoin.
From day one of supporting bitcoin, we have offered users a 5% discount when paying for their FoxyCart subscription with bitcoin. If you are interested in taking advantage of this discount, please contact us and we will get you taken care of.
Other Alternate Payment Methods
Bitcoin isn’t the only alternate payment method you can accept with your FoxyCart store. Amazon Payments, Dwolla, and PayPal are popular methods, but that’s not all. You can see a full list of alternate payment methods for both domestic and international customers here. If there is a service you need that we don’t support, please let us know.