As digital currencies continue to grow in popularity, more and more businesses are looking for ways to accept them as payment. Shopify is one of the most popular eCommerce platforms, and many merchants are wondering if it supports cryptocurrency.
The short answer is yes, Shopify does allow cryptocurrency as a form of payment. However, there are a few things to keep in mind if you’re planning on using this feature. First of all, not all Shopify themes support cryptocurrency payments.
You’ll need to make sure that your theme is compatible before you can start accepting crypto. Secondly, Shopify will charge you an additional transaction fee for each order that is paid with cryptocurrency. This fee is currently 2%.
PRO TIP: Shopify does not currently allow for the direct sale of cryptocurrency on its platform. However, there are workarounds that some merchants are using to accept cryptocurrency as a payment method. These workarounds are not supported by Shopify and may not be compliant with our Terms of Service. If you are considering using a workaround to accept cryptocurrency as a payment method, we recommend that you consult with a legal advisor to ensure that you are compliant with all applicable laws and our Terms of Service.
Overall, using cryptocurrency as a form of payment on Shopify is possible, but there are a few things to keep in mind. Make sure your theme is compatible and be aware of the additional transaction fees. With that said, crypto can be a great way to accept payments from customers who prefer this method.
Conclusion: Shopify does allow cryptocurrency as a form of payment on their platform. However, there are a few things to keep in mind such as extra transaction fees and compatibility with certain themes.
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Shopify is a Canadian e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. Shopify offers online retailers a suite of services “including payments, marketing, shipping and customer engagement tools to simplify the process of running an online store for small merchants.”
Shopify was founded in 2004 by Tobias Lütke, Daniel Weinand, and Scott Lake after attempting to launch their own online snowboarding store.
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