The Firebear studio introduces the first Magento 2 extensions that provides platform integration with cryptocurrencies. Install our module and easily accept BitCoin, Ethereum, and dozens of popular cryptocurrencies (altcoins). Native Magento 2 cryptocurrency integration is the key feature of the tool. Thus, you can use popular cryptocurrencies in accordance to the best Magento 2 practices.
The Firebear CoinPayments Magento 2 module works just the same as any other payment extension. It means that you get smooth integration with Magento 2 cart and checkout, admin-friendly backend interface, intuitive configuration, and of course customer-oriented frontend experience. If you are looking for a Magento 2 Bitcoin extension, a Magento 2 Ethereum module, or a universal Magento 2 cryptocurrency payment gateway, you’ve come to the right place. Below, we describe core features of our product.
As you might have already guessed, the Firebear CoinPayments Magento 2 module is based on the CoinPayments platform which now accepts more that 60 altcoins including such popular cryptocurrencies as Bitcoin and Ethereum. You can see the whole list of supported coins here:
Such a wide support means that our integrated payment gateway will also provide the same opportunities. At the same time, you can still use the Firebear CoinPayments extension, if you need just a Magento 2 Bitcoin plugin or an Ethereum payment gateway. Support for over 60 altcoins doesn’t mean that you should use all of them. Our extension allows to accept only the selected cryptocurrencies during the checkout. What are other features, provided by the CoinPayments platform?
First of all, it is integrated with BitGo. There are two core consequences caused by this integration. Superb fast Bitcoin payments with BitGo and superb secure hot wallet with the multisig technology support. Therefore, Firebear CoinPayments is the ideal Magento 2 Bitcoin extension: install it and you will enhance your ecommerce website with the most modern payment opportunities.
Another great merchant-oriented feature allows you to set a time amount after which you will be able to spend earned coins. And there is a good news for United States and EU Magento 2 merchants: they can now have fiat settlements directly to their bank accounts. And there is a fully automated conversion mechanism. It is available for a limited selection of currencies, but the list of supported coins will be updated. Thus, both the CoinPayments platform and the Firebear CoinPayments Magento 2 extension allow to move funds without wasting too much time or spending additional fees. The platform even provides a multi-currency wallet where you can securely store your coins. And here is how its dashboard looks:
Here, you can view Top Coin Balance. For instance, we have the only coin in the wallet – Ether. The grid shows its balance as well as appropriate value in Bitcoin and fiat currency (you can select one). Under the list of your coins, there is a row that displays an estimated value of the entire wallet in BTC and selected fiat currency.
Below, there is a grid with recent transactions that shows the time of transaction, its direction (to or from), the name of recipient or sender, coin, amount, and status. Everything is clear and intuitive.
And this is your wallet with all coins:
Next, let’s take a look at Coin Settings. It is a configuration page for your cryptocurrency payment gateway. Here, you can select coins you’d like to accept, specify payment address, select payout mode, specify discount (can be 0%), and set a limit on a transaction value.
It is also possible to configure SetEscrow.com settings to accept escrow:
PayPal Passthru configuration has the following appearance:
These payments go directly to your PayPal account. Furthermore, neither CoinPayments nor our Magento 2 cryptocurrency module do not collect any fees on them.
In Bulk Conversion Settings, you can set up automatic conversion of coins to the selected cryptocurrency. Note that there are two payout methods available: To Balance – when coins are stored in your CoinPayments Wallet; or ASAP – when coins are sent to the specified address. To convert all coint to Ethereum and store it in a local wallet, select “To Balance” for Payment Mode, leave the address field empty, and select “ETH” for Convert Coins To.
And there is the Fiat Settlement section with separate options for US and EU:
In Transaction History, you can view separate logs for deposits, withdrawals, transfers, and conversions. There is also a section with filters called History Search & Export. Here, you can configure such parameters as search dates, query, amount, incoming or outgoing, completed or not, and $PayByName tag. Formats available for export are: XML, CSV, and JSON.
And since our Firebear CoinPayments Magento 2 module supports full integration with the platform, you will get the same features in Magento 2. It’s the best time to start accepting cryptocurrency since the popularity of this phenomenon is constantly rising and there are more and more people willing to use Bitcoins to shop online.
Don’t waste your chance to leverage the future of ecommerce right now. We’ve just witnessed a similar situation with smartphones and tablets. Could you imagine 10 years ago that the amount of m-customers (buyers who use mobile devices for virtual shopping) will surpass the amount of shoppers who use their desktop devices? And what about the ratio of offline and online purchases? The answers are obvious, so the importance of a Magento 2 cryptocurrency payment gateway is clear as well. Therefore, here at Firebear we are going to release a completely new product soon. Right after the release, we will update the post with a full backend tutorial and a frontend guide related to Firebear CoinPayments Magento 2 module. The release is planned for the second half of summer 2017.