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By Lauren Ottinger, Product Manager, Commerce
Coinbase Commerce is a platform that helps merchants anywhere in the world accept cryptocurrency payments in a fully decentralized way. As more and more merchants begin to accept crypto payments, from Sothebyâs to Advertising Week, weâll continue to build the most secure and streamlined solutions for them.
With that, weâre always listening to our merchants in order to build better products to help meet their needs, and weâre excited to highlight the latest updates weâve made to enable streamlined transactions and workflows for managing and accepting cryptocurrency.
Enhanced transaction reportsCoinbase Commerce recently introduced enhanced transaction reports that now include more detailed information to help streamline merchantsâ accounting and business needs. Customizable reportsâââby date range and transaction typeâââhelp merchants analyze and optimize their business and workflows.
âThe new customizable reporting that Coinbase Commerce rolled out will be integral to Dapperâs reconciliation needs as our transaction volume continues to increase,â said Rena Park, Business Analyst at Dapper Labs, a leading platform for blockchain-based games and experiences. âCoinbase Commerce has gone above and beyond to help with refining our reporting practices.â
Easy invoicingCoinbase Commerce now offers the option to create invoices that can easily be sent to customers, who can then pay those invoices seamlessly with any cryptocurrencies that are enabled.
âThe invoicing capabilities that Coinbase Commerce began offering at the end of last year has greatly streamlined our crypto payment process,â said Todd Garland, founder and CEO of buysellads, a company that builds advertising solutions for publishers and marketers. âWeâre able to offer our customers the option to pay in crypto as seamlessly and easily as any other form of payment.â
Streamlined check-outsPayments made to merchants in cryptocurrency are fast and secure, and weâre working to make them just as simple. Weâve streamlined the Coinbase Commerce check-out flow for more consistency and ease of use for both merchants and their customers. In doing so, Coinbase Commerce merchants have seen checkout conversions increase by 22% since it launched in the first quarter of this year.
Weâre excited by the enhancements and new capabilities that weâve enabled in the last few months, and weâre just getting started. Have feedback or comments for Coinbase Commerce? Let us know here.
Learn more by visiting our help center.
Streamlining crypto commerce for merchants and their customers was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.