Stripe Bitcoin is a add-on to our popular Stripe Payments module for Magento® 1 which allows merchants to easily accept payments in Bitcoin through the Stripe payment gateway. Stripe charges just 0.8% per successful Bitcoin transaction, capped at $5. There are no other fees.
To be able to use the module, you must have a Stripe account and sell your products in US Dollars. You must also have a USD bank account added to your Stripe account. In Magento®, USD product prices are converted to Bitcoin Satoshi during the checkout. Your customers will be asked to send Satoshi to a presented Bitcoin address that is generated by Stripe. Once the Satoshi is sent by the customer, the order status will switch from Pending status to Processing, so that you can fulfill the order. The received Satoshi will be automatically converted to US Dollars and deposited into your bank account on a 7 day rolling basis.
The Bitcoin payment method is added on top of existing functionality provided by our Stripe Payments module, which includes advanced security features, full admin area integration and additional payment methods such as Apple Pay, Android Pay and 3D Secure.
Bitcoin can be enabled or disabled from the module’s configuration section, and can be made available for specific countries. You can also give a custom title appropriate to your checkout flow, or order it to appear before or after other payment methods. After the order is placed, your customer will be asked to send you the equivalent Bitcoin to the order total amount as shown below:
Your customer uses this information with their Bitcoin wallet service or app to send the bitcoin amount needed. If their Bitcoin app supports QR code scanning, they can scan it to open their wallet and easily complete the transaction. Once the customer has sent the necessary funds, Stripe will notify your website using an event notification mechanism called Stripe Webhooks. The module will receive the incoming event and change the order status from Pending to either Processing (if it needs to be shipped) or Complete. An invoice is also created in your Magento® admin area.
The module comes with locale translation files and templates that can be easily customized in your theme, and has been tested for compatibility with many OneStepCheckout modules. In addition, all of your purchases from Cryozonic come with:
ADMIN DEMO |
Compatibility: Magento 1.4.2 - 188.8.131.52
Disclaimer Cryozonic Ltd is an independent Magento® development company whose products are not sponsored by or associated with Stripe, Inc.