2019-10-16 22:31 |
By Eli Haims, Product Manager, Coinbase Commerce
As of today, customers of Coinbase Commerce merchants are able to pay for goods and services directly out of their Coinbase account. Instead of copying complex cryptocurrency addresses and long decimals of amounts, you can simply log into your Coinbase account, select a wallet from which to pay, and we handle everything necessary to ensure the correct amount of cryptocurrency reaches the correct merchant address. Customers who do not have a Coinbase account, or wish to use another wallet, are still able to do so.
Not only does this simplify the customer experience, it also reduces the operational burden on merchants to resolve issues with payments. Cryptocurrency wallets pull exchange rates from various sources, which may have slight variations that cause payments to be a couple of cents over or under what was expected. Merchants must then manually inspect and resolve a charge before delivering the purchased goods. When customers pay with Coinbase, these payment mismatches will no longer occur.
Regardless of whether a customer chooses to pay with their Coinbase account or from another wallet, all transactions on Coinbase Commerce are still secured by the blockchain and deposited directly into the merchant’s user-controlled wallet.
Pay Coinbase Commerce merchants directly with your Coinbase account was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
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