Shopify merchants can now enable Crypto.com Pay on their online storefronts, with customers able to make purchases with cryptocurrencies.
Crypto.com said it will waive the 0.5% settlement fee on transactions for the first month of all merchants who integrate.
“Providing more customers and merchants the ability to engage in commerce using cryptocurrencies is a priority for Crypto.com,” said Kris Marszalek, its co-founder and CEO.
“We are incredibly excited to integrate into Shopify, and to bring this capability to even more customers and merchants around the world.”
Crypto.com Pay features zero transaction fees and only 0.5% settlement fees, which it says is an 80% saving on fees when compared to typical payment processors.
The off-chain service is real-time and accessible to all global Crypto.com app users. It allows them to pay using more than 20 cryptocurrencies including BTC, ETH, CRO, SHIB, DOGE and APE.
Customers can also earn crypto-cashback Pay Rewards when they check out with the Cronos token (CRO), which can be up to 10% during the promotion periods.
“We’re happy to welcome Crypto.com to help Shopify merchants provide an additional fast and convenient way for customers to pay for their online orders,” said John S. Lee, lead of blockchain ecosystem at Shopify.
“Our growing blockchain ecosystem demonstrates our commitment to supporting merchants with alternative payment methods on their storefronts, helping to further expand what’s possible in commerce.”
Since launching in 2018, Crypto.com Pay has helped merchants such as TIME Magazine, Ledger, and Coinzilla, as well as platforms such as WooCommerce and Oveit, tap into the global cryptocurrency economy and accept cryptocurrencies on their websites.
Crypto.com itself serves more than 50 million customers with over 5,000 people in offices across the Americas, Europe and Asia.