From now on, online merchants will be able to receive payments in cryptocurrency via their WooCommerce store. Whether they are local artisans or large international retailers, they will enjoy several advantages after integrating the Binance Pay plugin into the ecosystem of this very popular e-commerce platform.
Binance Pay, trade with cryptocurrencies on WordPress
Binance Pay presents itself as theone of Binance’s most fearsome weapons in its democratization of cryptocurrencies. This feature contactless and secure authorizes the sending and receiving of cryptocurrencies on the basis of exchanges between buyers and sellers. Another advantage of Binance Pay: the absence of additional fees on each transaction.
More and more players from various sectors are interested in this alternative. Not to mention the Canadian University of Dubai or ANC, the largest pharmacy chain in Ukraine.
Aware of the growing interest in this application, Binance decided to integrate it into the WordPress extension, WooCommerce. The latter is conducive to online store management.
” Why use the Binance Pay plugin on WooCommerce?
WooCommerce, the open-source e-commerce platform built on WordPress, is used by millions of businesses to manage online orders. In fact, 25% of the top millions of online stores in the world use WooCommerce as their e-commerce platform “, can we read on the blog from Binance.
The benefits of this new feature
Integrating Binance Pay into a WooCommerce store grants merchants the following benefits:
- expanding their customer base;
- reduction of transaction costs;
- optimization of transaction security;
- access to a seamless shopping experience;
- etc
To qualify for these Binance Pay Plugin amenities, interested sellers must:
- register for a Binance Pay merchant account, including mandatory Know Your Customer (KYC) and Know Your Business (KYC) verifications;
- install the plugin itself, normally it is in the Plugins section of the WordPress dashboard;
- activate and configure the plugin;
- and put it in the laundry.
Note that this initiative will allow commodity bitcoin payments on online stores that have installed the Binance Pay plugin.
And more, Binance allows payments with more than 70 cryptocurrencies, including ETH and BNB, thanks to this feature.
” By accepting cryptocurrencies as payment, you can cater to a growing market of sophisticated buyers who prefer using digital currencies over traditional payment methods. », assures the CZ team.
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