How to Accept Cryptocurrency Payments with Magento 2

XAIGATE is the best Global Crypto Payment Gateway for Magento 2 Website. Start accepting Bitcoin, Ethereum, Binance (BSC), Tron, Dogecoin, USDT, USDC, LINK, and more with our payment gateway.

XAIGATE - The Best Cryptocurrency Payment Gateway on Magento 2 For Processing Bitcoin & Other Cryptocurrencies

XAIGATE is recognized as the best crypto payment gateway processor on Magento 2. We offer a reliable, secure, and affordable gateway service so that you can accept payments on Magento worldwide in the most popular cryptocurrencies such as BTC, USDT, ETH, LINK, LTC, DOGE, USDC, and many others.

In this article, let's dive into why XAIGATE is the best payment gateway for Magento eCommerce platform and how to integrate XAIGATE into the website to accept crypto payments with Magento 2.

Why You Should Consider Integrating Cryptocurrency Payments into Your Magento Store

In the digital world nowadays, cryptocurrencies are becoming more and more popular as a form of currency exchange for many consumers around the world. In order to keep up with this demand, it is crucial to consider accepting crypto payments for your Magento stores. In order to accept crypto, merchants often opt for a crypto payment gateway plugin that can accept and process crypto payments from consumers seamlessly from Magento website. The integration of such crypto payment gateway opens doors to reach a wide pool of customers all around the world and brings your Magento business to the next level. Some of the benefits include:

  • Expanded Customer Reach: Attract new customers who prefer to use crypto all around the globe.
  • Streamlined Checkout: Customers can pay directly with their preferred cryptocurrencies, eliminating the need for traditional cards or bank transfers.
  • Enhanced Security: Crypto transactions are known for their robust security protocols, offering peace of mind for both you and your customers.

General Process to Integrate Cryptocurrency Payment Gateway on Magento 2

1. Choose a Crypto Payment Gateway:

Magento itself doesn’t directly process crypto payments. You’ll need a third-party crypto payment gateway, such as XAIGATE, that acts as an intermediary between your store and the cryptocurrency network. These gateways offer plugins specifically designed for Magento. In order to select for the best cryptocurrency payment gateway on Magento, there are multiple factors to keep in mind:

  • Supported Cryptocurrencies: How many and which cryptocurrencies are important for your target audience (e.g., Bitcoin, Ethereum, niche altcoins)?
  • Transaction Fees: How much does the gateway charge for processing transactions? Who bears the cost (you or the customer)?
  • Ease of Use: Is the plugin user-friendly for both you (during configuration) and your customers (during checkout)?
  • Security Features: Does the plugin prioritize security with features like encryption and fraud protection?
  • Conversion to Fiat: Does the plugin offer automatic conversion to fiat currency (like USD or EUR) to minimize losses from price fluctuations?
  • Customer Support: Is reliable customer support available from the plugin provider for troubleshooting?
After selecting your gateway service, you would need to set up an account with them before installing their plugin into your Magento store.

Once you’ve chosen a gateway, locate their corresponding plugin for Magento 2 in the Magento 2 marketplace. Download the plugin and upload it to your Magento admin panel. The installation process might vary slightly depending on the specific plugin, but it usually involves selecting the file type and clicking install.

2. Configure the Plugin Settings:

After installation, head to the plugin’s settings page in your Magento admin. Here, you’ll typically configure details like:

  • API Key: Provided by your chosen crypto payment gateway.
  • Invoice Lifetime: How long an invoice generated for the crypto purchase remains valid.
  • Payment Method Name: How the crypto payment option will appear at checkout (e.g., Bitcoin Payments).
  • Order Statuses: Define which order statuses correspond to successful crypto payments.

3. Enable and Save:

Once you’ve filled in the necessary details, enable the plugin and save the configuration. This makes the crypto payment option available to your customers during checkout.

4. Test the Integration:

  • After configuration, it’s crucial to thoroughly test the crypto payment functionality.
  • Ensure the transaction is processed successfully and reflected in your crypto wallet or the payment gateway’s dashboard.
  • Simulate a purchase on your Magento store and go through the checkout process using the crypto payment option.

5. Promote Your Crypto Payment Option:

  • Once everything is functional, let your customers know you accept cryptocurrency payments!
  • Update your product pages, shopping cart, and checkout process to clearly display the available crypto payment options.

XAIGATE - Best Cryptocurrency Payment Gateway on Magento 2

There are many gateway plugins on the market, and if you are searching for a reliable yet affordable service, XAIGATE is the ideal option for you!