- BigCommerce enables bitcoin and crypto payments to over 60,000 e-commerce merchants.
- The company partnered with BitPay and CoinPayments to build one-click integration for the platform.
- BigCommerce intends to integrate with more partners in the ecosystem in the near future.
BigCommerce (Nasdaq: BIGC), a leading software-as-a-service (SaaS) e-commerce platform, has partnered with BitPay and CoinPayments to allow merchants to accept bitcoin and several cryptocurrencies, Press Release.
BigCommerce, similar to Shopify, allows businesses to launch their own e-commerce store with a user-friendly setup and partner integrations. This business model supports over 60,000 merchants globally, and each of them can now accept bitcoin payments.
Marc Ostryniec, CSO at BigCommerce, said: “A new era of consumers is passionate about crypto transactions and we are helping them do just that.
Merchants of all sizes will be able to take advantage of the new integrations offered by the two crypto infrastructure providers. In the release, BigCommerce discusses the benefits merchants will experience when accepting bitcoin and cryptocurrencies.
First, alternative payment methods open up to a wider audience of merchants. In addition, the seller will have to pay lower fees, thus reducing the cost of doing business. Furthermore, through the partners BigCommerce has chosen, the e-commerce platform allows merchants to control their wallets, thus minimizing the possibility of false chargebacks.
“Cryptocurrency adoption can sometimes be intimidating and complicated with a learning curve,” said BitPay CEO Stephen Pair. “We’ve partnered with BigCommerce to help mitigate the upside for merchants to add crypto as a payment option alongside their existing payment methods in just a few clicks.”
In conclusion, BigCommerce notes that its bitcoin and crypto ecosystem is currently only supported by these two partners. However, the SaaS provider intends to expand the integration in the future.