- BigCommerce enables bitcoin and cryptocurrency payments for over 60,000 e-commerce merchants.
- The company has partnered with BitPay and CoinPayments to create one-click integrations for the platform.
- BigCommerce intends to integrate with more ecosystem partners in the near future.
BigCommerce (Nasdaq:BIGC), a leading software-as-a-service (SaaS) e-commerce platform, has partnered with BitPay and CoinPayments enabling merchants to accept bitcoin and certain cryptocurrencies, through a Press release.
BigCommerce, similar to Shopify, allows businesses to launch their own e-commerce stores with user-friendly setup and partner integrations. This business model supports over 60,000 merchants worldwide, and each of them can now accept bitcoin as payment.
“A new era of consumers are passionate about transactions using crypto, and we’re helping them do just that,” said Marc Ostryniec, CSO at BigCommerce.
Merchants of all sizes will be able to take advantage of new integrations provided by both cryptocurrency infrastructure providers. In the release, BigCommerce discusses the benefits that merchants will experience from accepting bitcoins and cryptocurrencies.
First, alternative payment methods open merchants up to a wider audience. Additionally, merchants will benefit from lower fees, which will lower the cost of running the business. Additionally, through partners chosen by BigCommerce, the e-commerce platform gives merchants control over their wallets, reducing the risk of false chargebacks.
“Accepting cryptocurrency can be daunting and complex with, at times, a learning curve,” said Stephen Pair, CEO of BitPay. “We’ve partnered with BigCommerce to help minimize the uplift for merchants to add crypto as a payment option alongside their existing payment methods with just a few clicks.”
In conclusion, BigCommerce noted that its bitcoin and cryptocurrency ecosystem is currently only supported by these two partners. However, the SaaS provider intends to expand the integrations in the future.