- Shopify merchants can now enable Crypto.com Pay on their online storefronts.
- Crypto.com Pay boasts of zero transaction fees and only 0.5% settlement fees.
- Leaders of Crypto.com and Shopify are excited about the development.
Crypto.com has announced that Shopify merchants can now enable Crypto.com Pay on their online storefronts. Crypto.com is a popular cryptocurrency platform based in Singapore that has more than 50 million customers. The platform was recently in the limelight for its Super Bowl ad featuring Matt Damon.
In detail, the team at Crypto.com informed CoinQuora that to welcome Shopify merchants to Crypto.com Pay, Crypto.com will waive the 0.5% settlement fee on all transactions for one month after integrating. The promotion is reportedly valid for all Shopify merchants who sign up for Crypto.com Pay until June 30, 2022.
The team added that Crypto.com Pay allows merchants to receive cryptocurrencies instantly from a growing global base of Crypto.com users with zero transaction fees. This off-chain service is real time and accessible to all Crypto.com App users around the world.
To provide further business incentive for Crypto.com Pay merchants, Crypto.com will also be offering customers crypto-cashback Pay Rewards when they check out with the Cronos token (CRO), which can be up to 10% during the promotion periods.
“Providing more customers and merchants the ability to engage in commerce using cryptocurrencies is a priority for Crypto.com,” said Kris Marszalek, Co-founder and Chief Executive Officer of Crypto.com.
We are incredibly excited to integrate into Shopify, and to bring this capability to even more customers and merchants around the world.
Additionally, John S. Lee, Lead of Blockchain Ecosystem at Shopify stated that they were happy to welcome Crypto.com to help Shopify merchants provide an additional fast and convenient way for customers to pay for their online orders. “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.”
According to the team, Crypto.com Pay features zero transaction fees and only 0.5% settlement fees. Reportedly, merchants do not need to pay any setup costs, and the integration only takes minutes for merchants to complete. Notably, customers can pay with more than 20 tokens, including BTC, ETH, CRO, SHIB, DOGE and APE.