Magento 2 plugin for crypto payments

There are several business reasons to add a cryptocurrency payment option:

• Fees for crypto transactions are often lower than those for PayPal or card payments, which can reduce costs.
• Crypto payments are final, which helps reduce chargeback risks compared to card payments.
• Accepting crypto opens access to international customers who may not have other payment options.
• Funds are received faster, as blockchain transactions do not rely on traditional intermediaries or business day schedules.

Important: Availability of services depends on local laws and regulations. Merchants are responsible for ensuring compliance with their jurisdiction’s requirements before integrating crypto payments.

Yes. Our Magento 2 plugin is free. There are no installation or monthly fees. The crypto plugin by CoinsPaid works as a software extension that integrates a crypto payment gateway into your Magento 2 website and makes it possible to accept crypto payments on your site.

The transaction fee is below 1.5%. There are no setup or monthly fees. The fee covers blockchain processing, instant conversion, and settlement. Even with this fee, costs are usually lower compared to traditional payment methods.

Yes. The Magento 2 plugin supports stablecoins, including USDC on the ERC-20 and Solana networks. Stablecoins are digital assets linked to fiat currencies, which helps keep their value more stable compared to other cryptocurrencies.

It makes them a practical option for merchants who want the advantages of blockchain payments, such as fast settlement and global reach, while reducing exposure to market volatility.

Yes. The plugin supports conversion from crypto to fiat. When a customer pays with any supported coin, the amount is automatically exchanged into a preferred currency, such as USD, EUR, and more than 40 others.

Settlement goes directly to the merchant’s account, which reduces exposure to volatility and removes the need for manual conversions.

However, it’s possible to store funds in crypto as well.

The plugin is built with strong security measures and compliance standards to protect both merchants and customers. Key safeguards include:

• Two-factor authentication for accounts and transactions.
• Regular software updates to close vulnerabilities.
• Strong encryption for all data in transit and at rest.
• Independent financial and regulatory audits.
• Blockchain risk scoring to identify suspicious activity.

Yes. The merchant dashboard includes two-factor authentication (2FA) to secure sensitive actions, such as creating API keys or changing payout settings.

Accepting cryptocurrency comes with legal and tax responsibilities that vary by region. The CoinsPaid plugin is designed to help merchants meet these requirements. Key compliance features include:

• Built-in KYC/AML procedures handled by the payment processor.
• Exportable transaction records for accounting and reporting.
• GDPR-compliant data management for EU customers.
• Support for accurate income tracking and transaction reporting.

CoinsPaid provides tools to support compliance with KYC, AML, and data protection requirements. However, cryptocurrency regulations vary by jurisdiction. Each company is responsible for understanding and following local laws, tax obligations, and reporting requirements when accepting crypto payments.

Sure! The Magento 2 plugin keeps customer data secure and follows GDPR rules. It also supports international standards, including anti-money laundering (AML) requirements, helping merchants accept crypto responsibly and safely.

Yes. Order status can be tracked directly in the Magento admin panel. Updates happen automatically, showing when a payment is initiated, confirmed on the blockchain, and completed. No manual steps are required.

Sure! The Magento 2 plugin is built to reduce manual work. It supports webhook notifications that automatically update the order status in Magento as soon as a payment is confirmed on the blockchain.

Yes. Real-time updates are delivered through webhooks. When a payment is confirmed on the blockchain, the Magento store receives an instant notification, ensuring the order status is always current.

If a payment fails, is underpaid, or times out, the customer sees an on-screen error with options to retry. The Magento order system also records the failed status, allowing staff to review and follow up if necessary.

Yes. The Magento admin panel shows basic order information. For more detailed insights, including transaction history, crypto balances, and fiat conversions, the CoinsPaid merchant dashboard provides comprehensive reporting.

Sure! Merchants can download invoices and receipts from the CoinsPaid dashboard. Customers can access receipts through their order confirmation emails after successful payment.

Absolutely! The plugin is actively maintained and updated to remain compatible with new Magento 2 and Adobe Commerce releases. Updates also include support for additional cryptocurrencies and changes in blockchain protocols, ensuring ongoing reliability for merchants.