There are lots of things that make Shopify one of the most popular online commerce platforms. One of them is its ability to accept multiple international currencies according to the needs of users. But did you know that Shopify can also accept digital currencies such as Bitcoin? It can, and setting it up is not hard to do.
We will explain how to configure your Shopify store to accept digital currencies using the example of accepting Bitcoin through the Coinbase payment gateway. You can adapt this tutorial to different digital currencies and payment gateways as you see fit. Please keep in mind that this tutorial is not an endorsement of either Bitcoin or Coinbase.
Setting up Your Coinbase Account
Before you can utilize digital currencies in Shopify, you must first establish an account with one or more alternative payment gateways. We have chosen Coinbase as our example, being that it is one of the most popular gateways on the internet. To establish your Coinbase account, simply visit their website and click the ‘Signup’ link.
After creating your account, you will need to fill out your merchant profile in full. Pay close attention to the public information in your profile. This is the information that will appear on your Shopify store in relation to your acceptance of Bitcoin. Complete the private information as well, though this information is not seen by anyone except you and Coinbase.
Next, you will have to link Coinbase to your Shopify account. Here is the process:
- Navigate to the Coinbase settings and click the ‘API’ tab.
- Click the ‘+ New API Key’ button.
- Enter your Coinbase account password and click ‘Verify’.
At this point, you should see a new screen with several different options that need to be filled in. Enter ‘HMAC’ as the account type, ‘My Wallet’ under Accounts, ‘Merchant’ under Permissions, then click ‘Create’ to generate your new API key. You will receive a verification code in your e-mail, which you can copy and paste into the ‘Key’ heading on this page. The last step is to click ‘Enable’ to complete the link between Coinbase and Shopify.
NOTE: Before you close your Coinbase account, copy and paste the API key and API secret into a text document. You will need these later.
Configuring Your Shopify Store
Setting up your Coinbase account and linking it to Shopify was the hard part. The rest of the process is relatively simple. To configure your store to accept Bitcoin, do the following:
- Navigate to the Payments page of your Shopify admin panel.
- Look for ‘Alternative Payments’; click ‘Select an additional payment method’.
- Click ‘Activate’ or ‘Reactivate’ as it applies to your situation.
- Click on ‘Coinbase’ to use the gateway account you previously created.
- Copy and paste the API key and API secret generated by Coinbase into the appropriate boxes.
Save your settings by clicking the ‘Activate’ button. Coinbase should now appear along with your other payment options.