By Lauren Ottinger, Product Supervisor, Commerce
Coinbase Commerce is a platform that helps retailers wherever on the planet settle for cryptocurrency funds in a totally decentralized approach. As increasingly more retailers start to simply accept crypto funds, from Sotheby’s to Promoting Week, we’ll proceed to construct probably the most safe and streamlined options for them.
With that, we’re all the time listening to our retailers with a purpose to construct higher merchandise to assist meet their wants, and we’re excited to spotlight the newest updates we’ve made to allow streamlined transactions and workflows for managing and accepting cryptocurrency.
Enhanced transaction studies
Coinbase Commerce just lately launched enhanced transaction studies that now embrace extra detailed info to assist streamline retailers’ accounting and enterprise wants. Customizable studies — by date vary and transaction kind — assist retailers analyze and optimize their enterprise and workflows.
“The brand new customizable reporting that Coinbase Commerce rolled out shall be integral to Dapper’s reconciliation wants as our transaction quantity continues to extend,” stated Rena Park, Enterprise Analyst at Dapper Labs, a number one platform for blockchain-based video games and experiences. “Coinbase Commerce has gone above and past to assist with refining our reporting practices.”
Coinbase Commerce now presents the choice to create invoices that may simply be despatched to clients, who can then pay these invoices seamlessly with any cryptocurrencies which can be enabled.
“The invoicing capabilities that Coinbase Commerce started providing on the finish of final yr has vastly streamlined our crypto cost course of,” stated Todd Garland, founder and CEO of buysellads, an organization that builds promoting options for publishers and entrepreneurs. “We’re in a position to supply our clients the choice to pay in crypto as seamlessly and simply as some other type of cost.”
Funds made to retailers in cryptocurrency are quick and safe, and we’re working to make them simply as easy. We’ve streamlined the Coinbase Commerce check-out stream for extra consistency and ease of use for each retailers and their clients. In doing so, Coinbase Commerce retailers have seen checkout conversions improve by 22% because it launched within the first quarter of this yr.
We’re excited by the enhancements and new capabilities that we’ve enabled in the previous few months, and we’re simply getting began. Have suggestions or feedback for Coinbase Commerce? Tell us right here.
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Streamlining crypto commerce for retailers and their clients was initially printed in The Coinbase Weblog on Medium, the place individuals are persevering with the dialog by highlighting and responding to this story.