Magento 2 Coinqvest Crypto Payments

The payment processing system is revolutionizing, and the online stores have to move ahead faster to stand in the market. Modern customers prefer to pay using their virtual assets such as Bitcoin which allows the wealth transfer without going to a bank.

It is not a surprise to see that both the store owners and customers are preferring cryptocurrency payments, as a cheaper and more efficient payment solution. Hence, Meetanshi has developed the Magento 2 Coinqvest Crypto Payments extension for Magento 2 stores to integrate with Coinqvest to accept cryptocurrency payments.

Coinqvest is an enterprise cryptocurrency payment processor that supports the below listed blockchains and allows accepting payments in the below digital currencies.

The list of fiat currencies supported by the COINQVEST payment gateways and used as a settlement currency and during withdrawals is:

The Magento 2 Coinqvest crypto payment processing uses the hosted checkout method where no card details are entered or stores in the Magento 2 store. With the easy integration, get started with the cryptocurrency payment system to leverage the below-mentioned benefits of the module!

• The admin can set a custom title for the payment method.
• Option to enable the display of the payment method logo at the checkout.
• Easy integration of Coinqvest with Magento 2 store using the API key and API secret.
• Option to choose the settlement currency.
• Select one of the languages to display checkout page in.
• Option to enable the auto invoice.
• Allow selected countries to use the Coinqvest crypto payment method.
• Display additional information at the checkout along with the payment method.
• On this page, they have to select the payment method, for example, Stellar, and then click "Get Deposit Address"
• After making the payments using cryptocurrency, the customers have to click "I made the payment" button. 
• On the Stellar account dashboard, the user can click "Send" to make the payment, enter the deposit address, Stellar memo, and the amount to be sent.
• Once confirmed and sent, the payment success message is displayed on Stellar with the "OK" button to get redirected back to the Coinqvest's hosted payment page with the payment success status. On this page, there is also a button to return back to the merchant's site, i.e., Magento 2 store.
• On clicking it, the customers can check the Coinqvest payment details in their "My Account" section and the admin can check it in the Sales > Order View section in the backend.