With the rise of decentralized finance (DeFi) and the growing number of ERC20 and BEP20 tokens, accepting these tokens as payment has become essential for online store owners. For WooCommerce store owners, it is easy to accept crypto payments in WooCommerce via a WooCommerce crypto payments plugin developed by Cool Plugins.
What is the “Pay With MetaMask For WooCommerce Pro” Plugin?
The “Pay With MetaMask For WooCommerce Pro” is a powerful plugin developed by Cool Plugins that allows WooCommerce store owners to accept payments in ERC20 and BEP20 tokens. It leverages the capabilities of two popular web3 wallets, MetaMask and WalletConnect, to facilitate secure and seamless transactions.
How does it work?
- Integrating MetaMask and WalletConnect: The plugin integrates seamlessly with the MetaMask wallet, one of the most widely used web3 wallets in the cryptocurrency space. Additionally, it supports WalletConnect, enabling users to connect their mobile wallets easily.
- Simple Checkout Process: When customers proceed to checkout on a WooCommerce store that has the plugin installed, they are presented with the option to pay with their MetaMask or WalletConnect wallet. Users can easily select their preferred wallet and complete the payment process.
- Direct Payments to the Store Owner: One of the significant advantages of using this plugin is that the store owner receives payments directly into their cryptocurrency wallet. Unlike traditional payment gateways that involve third-party intermediaries and withdrawal fees, the “Pay With MetaMask For WooCommerce Pro” plugin ensures that the store owner gets their funds without any additional charges.
Benefits of Accepting ERC20 and BEP20 Tokens:
- Global Reach: Cryptocurrencies operate on a decentralized network, making them accessible to people worldwide. By accepting ERC20 and BEP20 tokens, WooCommerce store owners can expand their customer base beyond borders, tapping into a global audience.
- Reduced Transaction Fees: Traditional payment gateways often impose high transaction fees. Cryptocurrency transactions, on the other hand, have comparatively lower fees, which can save money for both the store owner and the customers.
- Faster Settlements: Cryptocurrency transactions are processed quickly, eliminating the delays associated with traditional banking systems. Store owners can enjoy faster settlements and avoid the typical waiting periods.
- Enhanced Security: Cryptocurrencies operate on blockchain technology, offering robust security measures. With transactions recorded on an immutable ledger, the risk of fraud and chargebacks is significantly reduced.
Final Words:
The “Pay With MetaMask For WooCommerce Pro” plugin by Cool Plugins provides a user-friendly solution for accepting ERC20 and BEP20 token payments. With support for MetaMask and WalletConnect, customers can make secure and hassle-free transactions, while store owners can enjoy direct payments without worrying about third-party fees for withdrawals. By integrating this plugin, WooCommerce store owners can easily accept crypto payments in WooCommerce, attract a broader audience, reduce transaction costs, and offer a more efficient and secure payment option for their customers.
