One of the most versatile eCommerce platforms, Magento is used by 708,941 websites around the world. If you are a Magento store owner seeking to accept Bitcoin payments, Speed can help.
In this blog, we will understand Speed, its features, and how you can add it to your Magento store. If that sounds exciting, let’s get going.
Magento store. Once you sign up for a Speed merchant account, you can access all its features — from payment links to a pre-built checkout page — for free. There are no platform fees or recurring charges whatsoever.
Here are a few Speed features that you can use as soon as you sign up:
Speed is by far the most feature-rich Bitcoin payment processor that supports both On-chain and Lightning Network payments. With its ready-to-use Magento extension, you can enable Bitcoin payments on your store. Let’s understand how.
Integrating our Magento extension into your store will allow you to accept Bitcoin payments in real time. The extension works across all browsers and is compatible with the latest version of Magento.
To get started, install the extension on your Magento store. Follow the following installation steps:
Once the extension is installed, you can proceed with the configuration process.
To configure your Bitcoin Payments by Speed plugin, go to Stores » Configuration » Sales » Payment Methods » Recommended Solutions. Click Configure.
There are 3 types of settings tabs you will find on the Speed Configure page.
Let’s understand them one by one.
The plugin status here will be enabled, as the plugin is already activated after installation. You can toggle this tab to enable/disable Speed payments at the checkout.
Whichever mode you select, you will find the mode displayed on the top-most right corner of the Speed Configure settings page.
Next, let’s fill in the Test and Live settings’ required fields. For Test mode details, make sure you turn on the “Test mode” toggle in Speed web application. For live settings, keep this toggle off.
Webhooks will help your site communicate with the Speed platform. They provide crucial payment updates, whether the payment is received or not. Let’s learn how you can enable webhooks for your Magento website:
If everything is configured correctly, you will be able to see the Speed payment method on the checkout page. Whenever a customer selects the ‘Speed Bitcoin Payment’ at checkout, they will be redirected to the Speed Payment page to complete their transaction. The customers can pay either through On-chain or Lightning network.
Speed is a safe, secure, and feature-focused Bitcoin payment processor with the lowest transaction fees on the market. Having helped 550+ merchants and businesses across 21+ countries, we know what it takes to help you accept Bitcoins across your online and offline touchpoints. Sign up with Speed today to experience lightning-fast Bitcoin payments on the go.