AUSTIN, Texas–(BUSINESS WIRE)–BigCommerce (Nasdaq: BIGC), a leading Open SaaS e-commerce platform for fast-growing and established B2C and B2B brands, today announced a strategic partnership with cryptocurrency leaders BitPay and CoinPayments to easily and securely deliver cryptocurrency payment solutions to BigCommerce sellers in select countries. By expanding its crypto ecosystem, BigCommerce opens up opportunities for its merchants to offer payment options, expand market share, tap into a new customer base, and accelerate international growth through innovation.
“Expanding our crypto ecosystem to include trusted best-of-breed partners is just one step toward driving innovation and growth for our merchants,” said Marc Ostryniec, Chief Sales Officer at BigCommerce. “A new era of consumers is eager to transact using crypto, and we’re helping them do so. Merchants who embrace this new technology can stay relevant and maintain an edge as the world of payments continues to shift to digital currency.”
BigCommerce’s open, flexible approach to e-commerce means merchants can choose which cryptocurrency payment solutions work best in their BigCommerce store. With one-click integration, merchants can start offering cryptocurrency as another payment method for buyers who want to use their cryptocurrency.
With BitPay, merchants can accept a variety of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), Bitcoin Cash (BCH), Shiba Inu (SHIB), Wrapped Bitcoin (WBTC), Litecoin (LTC), XRP ( XRP) and 5 USD-pegged stablecoins (BUSD, DAI, GUSD, USDC and USDP). Having pioneered blockchain payment technology, BitPay has processed more than $5 billion in payment volume since 2011, and supports over 100 crypto wallets.
“Accepting cryptocurrency can be intimidating and complex with a learning curve at times. We’ve teamed up with BigCommerce to help minimize the lift for merchants to add crypto as a payment option alongside their existing payment methods with just a few clicks,” said BitPay CEO Stephen Pair. “Our strategic partnership and integration with BigCommerce moves crypto into the mainstream and supports a different future of payments to transform how merchants receive money worldwide.”
With over 115,000 merchants across 190 countries around the world, CoinPayments is a crypto payment gateway that allows merchants to accept global real-time payments from over 100 cryptocurrencies including Bitcoin, Ethereum and Litecoin with a low processing fee of 0.5%.
“Amidst an increase in worldwide demand for alternative payment solutions, our partnership with BigCommerce provides merchants of all sizes with a reliable, streamlined and scalable solution for accepting cryptocurrency payments,” said Kalin Kalinov, Chief Marketing Officer of CoinPayments. “With an ever-increasing number of crypto holders worldwide, we look forward to partnering with BigCommerce to provide their merchants with a unique opportunity to reach new audiences and grow their business.”
BigCommerce’s crypto ecosystem strives to provide industry-leading crypto technologies to its tens of thousands of global B2C and B2B BigCommerce merchants to keep them viable and sustainable as currencies around the world evolve. The key benefits of this partnership include:
- Reach wider markets. By offering cryptocurrency as a payment method, merchants can open up their brands to a whole new global market to develop trust and loyalty with forward-thinking consumers across a range of retail categories.
- Lower transaction fees. With crypto transactions, fees are often much lower than traditional financing, reducing transaction costs for merchants and putting savings back into the business.
- Reduce risk. Blockchain technology is built with security first, reducing issues related to fraudulent buyer activity. With merchants in full control of all the funds in their store wallets, they are protected from reverse chargebacks once those funds are received.
- More payment options. By expanding the payment options to choose from, merchants can streamline the purchase path to improve the customer experience.
- Innovation. By accepting cryptocurrencies, merchants gain a competitive edge by keeping up with technological advances in e-commerce and changing consumer demands.
BigCommerce’s growing crypto ecosystem currently consists of technology partners BitPay and CoinPayments and will continue to expand.
To learn more about BigCommerce’s cryptocurrency solutions in your regions: US merchants click here, EMEA merchants learn more here and APAC merchants visit here.
About BigCommerce
BigCommerce (Nasdaq: BIGC) is a leading open software-as-a-service (SaaS) e-commerce platform that empowers merchants of all sizes to build, innovate and grow their businesses online. BigCommerce provides merchants with sophisticated functionality, customization and enterprise-class performance with simplicity and ease of use. Tens of thousands of B2C and B2B companies across 150 countries and a variety of industries use BigCommerce to create beautiful, engaging online stores, including Ben & Jerry’s, Molton Brown, SC Johnson, Skullcandy, Solo Stove and Vodafone. Headquartered in Austin, BigCommerce has offices in London, Kyiv, San Francisco and Sydney. For more information, please visit www.bigcommerce.com or follow us further TwitterLinkedIn, Instagram and Facebook.
BigCommerce® is a registered trademark of BigCommerce Pty. Ltd. Third-party trademarks and service marks belong to their respective owners.
