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How To Accept Bitcoin on Shopify

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In this video I show you how to accept Bitcoin and other cryptocurrencies in your Shopify stores. 🎧 Music: “Raw” by Johnny Rock 🎙 Voiceover/Quote by Brock Pierce Whether you love it or hate it, Cryptocurrency and it’s foundation, blockchain technology is the future of the internet as we know it. Or as Brock Pierce (founder of EOS and Blockchain Capital) calls it, “it’s the new internet. -It’s the upgrade.” And just like the earliest Bitcoin investors who made hundreds of millions in a matter of years, it’s the early adopters who come out ahead… So let’s setup your eCommerce business for success. This is how you can accept Bitcoin and other cryptocurrencies in your Shopify store. I’ll show you how to accept payments with Bitcoin, Ethereum, Litecoin and Bitcoin Cash through your checkout pages. 🛠 Step 1: Enable The Alternate Payment Gateway in Shopify From your Shopify dashboard navigate to Settings then Payment Providers and you’ll be able to see all the current payment options you have available in your store durring checkout. Scroll down until you see the Alternative Payments section. From here you’ll see a large list of 3rd party payment gateways and processors to choose from. In this video we focus on using Coinbase Commerce and BitPay. Coinbase let’s you accept Bitcoin, Ethereum, Litecoin and Bitcoin Cash, while BitPay is solely used for Bitcoin payments. Coinbase is by far the world’s biggest crypto-exchange and management platform. It’s also the most popular with people just starting out in the crypto space. This is the gateway I choose to use on the Shopify stores, but a lot of people have security/trust concerns with Coinbase. It you fall into that category you can also choose to use BitPay which is also free to use and just as easy to setup. Depending on what you choose, use the links below to signup and create your account on the gateway you’d like to use. ➡️ Sign Up For Coinbase Commerce: https://Commerce.Coinbase.com ➡️ Sign Up For BitPay: https://BitPay.com 🏦 Step 2: Setting up Your Payment Gateway/Merchant Accounts Once you’ve selected who you’re going to use to accept payments you’ll need to setup and verify your account with them. Each service is free to sign up to and only takes 5 minutes to fill out and verify all your details. Basic things like your name, email, business information and where to deposit funds to. You can choose to have payments automatically converted into US dollars and deposited into a regular bank account or sent directly to a crypto wallet for safe keeping. (Some fees apply when transferring to a bank). 🔗 Step 3: Linking Your Account Your Shopify Store Once everything is setup and ready to go you just need to link your new account to your Shopify store via copying and pasting the provided API keys in the Alternative Payment gateway section we found earlier. For Coinbase Commerce you’ll find your default API key right on your main dashboard after logging in. For BitPay, you need to navigate to Payment Tools, Integration Resources then Legacy API Keys. Click the “Add New API Key” button at the top to create a new key. Before you copy it click edit and rename it to something you’ll recognize to keep your account organized as you add more websites. So if you only intend on using it on this one website title it something like “Shopify” or enter the names of each store. Once you have your API keys created and ready to go, navigate back to Shopify and paste them into the new gateway and click save. That’s it! I hope you guys enjoyed this video. Make sure to click subscribe to get my latest uploads and use the links below to follow me on Instagram, Twitter and Facebook. Check out some of my other videos and guides: 💰 How I Make $1,783/Week on Shopify With FREE Instagram Traffic https://www.youtube.com/watch?v=z-5ShVYdsd8 💵 Easiest $300/Day Business For 2019 | Lead Generation [FIRST CLIENT IN 48 HOURS]: https://www.youtube.com/watch?v=VNYRWRXuQo0 💡How I Got Started & Why I Do What I Do: https://www.youtube.com/watch?v=OLbA7NLfwWs
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Text Comments (78)
Matthew Sabia (9 months ago)
💡 What are your thoughts on Blockchain and cryptocurrency? And what do you think the main benefit of accepting crypto on Shopify is? Let me know here in the comment section!
Prince Kid (28 days ago)
+Jaymes Couture what do you mean?, it's not like one can see the future and know a cryto is going to tank then sell
Jaymes Couture (28 days ago)
+Prince Kid like to diversify:)
Jaymes Couture (28 days ago)
+Prince Kid Buy THETA and LOKI... hot tips from my crypto dev friends. If the typical BTC cycle is 80-90% corrections for a year followed by 100-259x increases for 3 years there will be fortunes made there. More so for the good case use alt coins, which will be doing 1,000x moves and beyond.
Jaymes Couture (28 days ago)
+Prince Kid based off movements that will take place.
Jaymes Couture (29 days ago)
+Prince Kid we have a group/friends that discusses these things... here= purchase ADMP and ACRX and sell at $10 www.robinhood.com
kestutis kybartas (3 days ago)
Osam video . What do you think how it going to be in 2019 with Bitcoin ?
Matthew Sabia (3 days ago)
Hard to say. Far from an expert in that area.
radicalaccounting (1 month ago)
Been going through these for an hour. My new year's resolution. Yours is the best. Do one more of these, not through shopify. I would be sending clients an email link. Can you suggest the best way to do that please?
marius popa (1 month ago)
Hi Can i do that with the Basic Shopify account?
Matthew Sabia (1 month ago)
👍
marius popa (1 month ago)
+Matthew Sabia Thanks. Is very hard to find some fresh info like that about that process.
Matthew Sabia (1 month ago)
Yep :)
Tsetsi (2 months ago)
oh this was extremely helpful. I have been with shopify for 3 years and never thought to accept bit coins but now that you showed me, I will!!!
Matthew Sabia (2 months ago)
😄
klmklmklm (2 months ago)
Hey, awesome video btw! Must feel good to have a 455:1 like ratio haha. If you read this and have time I would like to know if the problems you had with Paypal were due to long shipping times or extremely overpriced dropshipped products? (No offense if that's what you were doing I just want to find out if Paypal would still be viable if the products I'm selling are very cheap with low margins and fast shipping do you think a store like that would have many problems with Paypal?) Thanks!!
Matthew Sabia (2 months ago)
The last straw was showing PayPal racial slur ridden emails us customers admitting to filing false claims to defraud us and receive free products and PayPal still siding with the buyer. I'll leave it at that.
i3 13 (2 months ago)
You didn't test buy. We didn't know if it worked.
i3 13 (2 months ago)
+Matthew Sabia Maybe a continuation? These kind of videos give a lot of help to the blockchain community.
Matthew Sabia (2 months ago)
i3 13 You got me. I’ll delete the video now.
Francis Wong (2 months ago)
Another great video from Matthew
Matthew Sabia (2 months ago)
👍
formulaone07 (2 months ago)
Paying with Bitcoin is not mainstream, so why bother?
Matthew Sabia (2 months ago)
+formulaone07 Because plenty of people sell high risk items that you shouldn’t (or can’t) accept credit card payments for.
Matt Salinas (2 months ago)
Hey Matt, I sell stuff like kratom, pine pollen and other "high Risk" products. Paypal and stripe have both shut me down within a week on my shopify store. If I accept bitcoin will I still get shut down? Any chance that shopify will shut me down? Just wondering. Matt
Matthew Sabia (2 months ago)
Your best bet will be to accept crypto for payment on a WordPress website you own and control 100%. Shopify has their own restrictions on what you can sell and what you can't even if you have a payment processor that will work with you.
Abdelgadir Mohamed (3 months ago)
Hi I want to know how you ship with oberlo .. How oberlo work ? Plz, give us complete guide to using oberlo Thanx
Matthew Sabia (3 months ago)
+Abdelgadir Mohamed Not sure what that was to do with accepting Bitcoin on Shopify. But you can Google it.
Bashar restaurant (4 months ago)
What is this Aliexpress need verification for my payments? have 2 orders i need to buy and dropship. Why dont they just take bitcoin
Eniss Ay (1 month ago)
Same
Bashar restaurant (4 months ago)
Two weeks ago i watched your first video, till today I made $222.33 ofc I'm down $40 but i learned alot :D. Thank you
Bashar restaurant (4 months ago)
Matthew Sabia just did 👍
Matthew Sabia (4 months ago)
DM me on Instagram: @MatthewSabia
Matthew Sabia (4 months ago)
DM me on Instagram: @MatthewSabia
Bashar restaurant (4 months ago)
Tell me if you need any help with anything, I'm ready to give back. It can be anything. anything you need. A 5-star review for your Kindle ebook. anything, just message me. ps. I'm UK based.
Matthew Sabia (4 months ago)
That's awesome! Congrats!
Henry Destin (5 months ago)
Wonderful info! Don’t you just lose a lot of sales by disabling the PayPal payment method? Or there’s a way of receiving the PayPal money but not through paypal? I am just asking if anyone knows that can let me know
Matthew Sabia (5 months ago)
Henry Destin For anything that’s not extremely low risk or a digital product, yes. Right now I have a PayPal account with $8k+ sitting in it I won’t be able to touch until December. So I made the money, but it really doesn’t matter since PayPal just hold it and will wind up giving half of it back to customers and letting them keep free products.
Henry Destin (5 months ago)
Matthew Sabia you receive cards payment and that’s all? Man that’s sick....
Matthew Sabia (5 months ago)
You wind up losing most of it anyway and it takes up dozens of hours every month fighting it.
mild728 (5 months ago)
Thanks for the videos Matthew! Very helpful and straight to the point. Looking forward to seeing more! :)
Matthew Sabia (5 months ago)
Thanks!
ssahagun1 (5 months ago)
From the perspective of the user, I'm not seeing a corresponding "Pay in Crypto" option.
Frederico Felicíssimo (6 months ago)
you put the wrong email btw, you put mathewsabia1 instead of mathewsabia2 ...
Bashar restaurant (4 months ago)
I just paused the video at the scene just to see if anyone else spotted that TINY error lol. (ps silly me i thought the primary email would be [email protected] and not [email protected])
Matthew Sabia (6 months ago)
+Frederico Felicíssimo I think we’ll be amazing friends ❤️
Frederico Felicíssimo (6 months ago)
+Matthew Sabia apology accepted 👍
Matthew Sabia (6 months ago)
+Frederico Felicíssimo I’m sorry. I should probably just delete this channel now. I apologize for inconveniencing you.
Hassan Zerhouni40 (6 months ago)
unfortunately . we have not coinbase in our contry . its stopped. i have myetherwallet or . bitcoinwallet
Nagiyeva Elvira (6 months ago)
Hi, everyone! Is someone here who can advice my a good cryptopayment solution for Shopify web page? I want to implement cryptopayment service in my onlinestore. I will really appreciate your help)
Matthew Sabia (6 months ago)
You just commented on a video that shows you step-by-step how to do exactly that...
Rabii Kessis (6 months ago)
That was Mike Novagratz speaking in your intro, isn't he?
Matthew Sabia (6 months ago)
Nope. It's Brock. :)
Melena Diosa (6 months ago)
Just found your page and love the good rich info.
Matthew Sabia (6 months ago)
:)
Niloy Deb (6 months ago)
Hey man, you are just osam.
Matthew Sabia (6 months ago)
I try.
Paul (6 months ago)
Thanks for the nice walkthrough Matt, I just setup #Coinbase payments on our online apparel store using this guide - check us out here at http://www.firelake.co.uk and use code TWENTY for 20% off :-)
Don Lipscomb (7 months ago)
blockchain is the future along with cryptocurrency its slowly becoming a real currency
Matthew Sabia (7 months ago)
+Don Lipscomb 💯
KAAN ÖZTÜRK (8 months ago)
Hello Justin , i wanna ask you important question , i am from turkey so stripe does not support here , i have a payoneer account i but today i talked with one company in usa , they arrange all stripe and payoneer transactions and they arrange all taxes from sales but they want %25 percent of my revenue , do you think is it smart to cooperate with them? other wise i think i need to open company in usa for taxes , because people says stripe blocked the stores which doesn't have esn number , thank you!
radicalaccounting (1 month ago)
Hi. I'm an accountant and 25% seems high. What taxes on international pass through sales? I don't think any. They would only have to pay taxes on the 25% they are withholding, not the money they accept and transfer to you. I pay my web designer in Ukraine using UpWork. You could be a contractor on there, and bill that way. Check what they take and if that's worthwhile? Or how about using Coinbase? Seems like bitcoin would be ideal, no?
Jan Berge (8 months ago)
Yeah, ever liked PayPal either.
mochacream (8 months ago)
Thank You, 2 thumbs up.
Bosey (8 months ago)
hey man do you need to send your ID or something to coinbase or bitpay ? thanks
Bosey (8 months ago)
okay thanks for replying
Matthew Sabia (8 months ago)
+Bick For some Coinbass services you’ll need to verify your account to make transfers.
Bosey (8 months ago)
hey man do you need to send your ID or something to coinbase or bitpay ? thanks
ELITE 18 (8 months ago)
Hi there, I was trying to open a shopify store two days ago. To see if finally I could grow financially and pursuit my dreams. I don't know how to get everything done and sell products. Your videos are amazing. Can you please help me?
Matthew Sabia (8 months ago)
+ELITE 18 I’ll me making videos on other elements of setting up an ecommerce business very soon. Stay tuned!
MR - 01 Gentle (8 months ago)
wow, really good and useful information in this video. really appreciate it. thanks for the great video.
symbologee (8 months ago)
If you make Shopify starter sites to flip (Starter Site Toolkit)...can you just be a Shopify Partner instead of having the monthly membership?
liza Evaan (8 months ago)
Hi.do you use aliexpresse for your jewelry store for drop shipping ???
MK-Kingsley (9 months ago)
Yo bro I would love to collab with you, you seem like a cool guy and I know we can learn a lot from each other🔥I MADE 119K🔥 last month with Shopify
MK-Kingsley (9 months ago)
Matthew Sabia I shot you DM
Matthew Sabia (9 months ago)
+MK-Kingsley Shoot me a message on Instagram or Twitter, I’ll be looking for your name. 😎

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