GrineoPay Unveils New WooCommerce Cryptocurrency Gateway with a Fixed 0.5% Fee
GrineoPay, an internationally recognized cryptocurrency payment gateway distinguished by its non-custodial model and a remarkably low 0.5% transaction fee, has officially launched its WooCommerce payment plugin, the GrineoPay Crypto Gateway with Instant Payouts.
This innovative plugin allows WooCommerce merchants globally to facilitate direct cryptocurrency transactions from customers, effectively eliminating chargebacks while ensuring immediate fund transfers to their self-custodied wallets.
This plugin is tailor-made for online retailers, SaaS platforms, digital service providers, and businesses operating in high-risk sectors that are in search of alternatives to conventional payment gateways.
In contrast to traditional processors that typically impose transaction fees of 2.9% plus a fixed charge, GrineoPay offers a transparent and unyielding fee structure of merely 0.5% per transaction.
By utilizing blockchain technology, payments are settled directly into the merchant’s crypto wallet, making transactions irreversible and nipping chargebacks in the bud.
“The inception of this plugin stemmed from the belief that WooCommerce merchants are entitled to a payment solution devoid of exorbitant fees and vulnerability to payment fraud,” remarked Marcus Vance, the Head of Communications at GrineoPay.
“With GrineoPay, merchants can choose their desired cryptocurrency for receipt, and customers pay in that exact coin. There’s no automatic fiat conversion, hidden charges, or intermediaries holding funds. It embodies the quintessential essence of peer-to-peer commerce.”
The GrineoPay Crypto Gateway plugin accommodates a myriad of prominent cryptocurrencies and stablecoins, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Litecoin (LTC), Monero (XMR), Dogecoin (DOGE), Cardano (ADA), Tron (TRX), Tether (USDT) across various networks, and USD Coin (USDC) on multiple blockchains.
The plugin’s unique wallet-backed visibility feature ensures that only those cryptocurrencies actively configured in the merchant’s GrineoPay wallet dashboard are displayed at checkout, effectively averting customer selections of payment options that the merchant cannot accept and thus enhancing the user experience.
Engineered seamlessly for the WooCommerce environment, the plugin is fully compatible with both WooCommerce Classic Checkout and the latest WooCommerce Blocks Checkout.
It also boasts a variety of merchant-centric features, including a seamless modal checkout experience, real-time automatic order status updates via webhooks, configurable minimum purchase limits, optional discounts at checkout to encourage crypto usage, and an integrated diagnostics panel for expedited troubleshooting.
Moreover, it indicates support for recurring subscription flags, aligning it with WooCommerce Subscriptions extensions.
On the security front, the plugin employs end-to-end SSL/TLS encryption, secure webhook signature validation, server-side checks on crypto asset availability, and automatic sanitization of stored API credentials.
Notably, no sensitive payment information is retained on the merchant’s servers, maintaining a wholly non-custodial payment flow.
GrineoPay is presently available for merchants worldwide, barring restricted jurisdictions. Businesses can establish a complimentary merchant account, configure payout wallets, and begin accepting cryptocurrency payments within minutes by accessing the GrineoPay platform.
GrineoPay stands out as a premier global cryptocurrency payment gateway, meticulously crafted for contemporary e-commerce, SaaS platforms, and industries labeled as high-risk.
By offering an entirely non-custodial infrastructure, GrineoPay enables merchants to accept digital asset payments securely while enjoying remarkably low transaction fees.
Unlike traditional payment processors that possess funds or expose enterprises to expensive chargebacks, GrineoPay facilitates immediate settlements directed to the merchants’ personal crypto wallets.
The platform is equipped to handle a broad spectrum of major cryptocurrencies and stablecoins across diverse blockchain networks, fostering seamless, borderless commerce without resorting to automatic fiat conversions.
Committed to the ideals of financial autonomy and decentralization, GrineoPay aims to assist global businesses in circumventing the inconveniences and exorbitant costs associated with archaic banking systems, thereby delivering a genuine peer-to-peer crypto payment experience.
Source link: Openpr.com.
