Overview
Back to topCOINQVEST provides digital currency checkouts that automatically go from Bitcoin to your bank account, in minutes. COINQVEST helps you programmatically accept and settle payments in new digital currencies while staying compliant, keeping your accountants and tax authorities happy. With COINQVEST, sales can be denominated and settled in your local fiat currency (e.g. EUR, USD, ARS, BRL or NGN) regardless of whether your customers pay in Bitcoin, Ethereum or Stellar Lumens.
The extension integrates the COINQVEST cryptocurrency payment processor with Magento 2. It enables store owners to get paid in Bitcoin and other digital currencies and instantly receive the sales price in EUR, USD or other national currencies.
Moreover, with the COINQVEST extension for Magento 2 merchants benefit from various key features of the payment gateway:
- Real-time conversion between digital and national fiat currencies
- Supports 50 shop currencies – 45 fiat currencies and 5 crypto currencies are available, see full list here.
- Automatically generates and sends invoices
- Quick and easy withdrawals to bank accounts
- Compliant accounting of digital currencies
- Provides extensive transaction history and sophisticated API logs
- Increases transparency, as crypto transactions are connected with customer information
Account & Pricing
To use this extension, you need to signup for a free COINQVEST merchant account here. There are no additional setup or subscription fees and the COINQVEST extension for Magento 2 can be downloaded for free.
Key Features
- Accepts Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Stellar Lumens (XLM) and Litecoin (LTC) payments from customers.
- Instantly settles in your preferred national currency (USD, EUR, NGN, BRL).
- Automatically updates orders to PROCESSING.
- Adds a direct link in the order view of the admin area to the payment details page on www.coinqvest.com.
- Sets the product price in your national currency.
- Automatically generates invoices.
- Ensures tax compliance.
- Eliminates chargebacks and gives you control over refunds.
- Eliminates currency volatility risks due to instant conversions and settlement.
Use Case
Example: You sell an e-book for 20 USD on your website. Your user pays in Bitcoin and you will receive 20 USD in your bank account. Within minutes. All you need is to implement the COINQVEST payment method into your Magento site.
Docs, Support and Demo
You can find the extension guide, API documentation, and more detailed information about COINQVEST on coinqvest.com. A demo of the COINQVEST hosted checkout page is available here.
Security and PCI Compliance
The payment process is handled by the hosted payment gateway and customers are redirected to the COINQVEST hosted checkout page that presents the customers with the payment address to send the payment to. This extension accepts payments only in cryptocurrencies and therefore no bank account or credit card details are required or stored.
Technical Specifications
Back to topSeller profile
Seller contact
Integrator
Current Version
1.1.5
Adobe Commerce platform compatibility
Open Source (CE): 2.4 (current), 2.3 (obsolete)
Commerce on prem (EE): 2.4 (current), 2.3 (obsolete)
Commerce on Cloud (ECE): 2.4 (current), 2.3 (obsolete)
Type
Stable Build
Updated
19 August, 2022
Categories
Extensions, Payments & Security, Checkout Enhancements, Payment Integration
Supported Browsers
Chrome, Firefox, Opera, Safari, Edge, IE
Quality Report
Back to topAll tests were conducted on the latest versions of Adobe Commerce that existed for the compatible release lines at the moment of the extension submission. Latest versions of all other software were used, as applicable.
Release Notes
Back to top1.1.5:
- Compatible with Open Source (CE) : 2.3 2.4
- Compatible with Commerce on prem (EE) : 2.3 2.4
- Compatible with Commerce on Cloud (ECE) : 2.3 2.4
- Stability: Stable Build
-
Description:
* Reduced API calls
* Minor code changes
1.1.4:
- Compatible with Open Source (CE) : 2.3 2.4
- Compatible with Commerce on prem (EE) : 2.3 2.4
- Compatible with Commerce on Cloud (ECE) : 2.3 2.4
- Stability: Stable Build
-
Description:
Compatible for version 2.4.4
1.1.3:
- Compatible with Open Source (CE) : 2.3 2.4
- Compatible with Commerce on prem (EE) : 2.3 2.4
- Compatible with Commerce on Cloud (ECE) : 2.3 2.4
- Stability: Stable Build
-
Description:
* Added USD as default for parameter 'Checkout Page Display Currency'
* Several improvements
1.1.2:
- Compatible with Open Source (CE) : 2.3 2.4
- Compatible with Commerce on prem (EE) : 2.3 2.4
- Compatible with Commerce on Cloud (ECE) : 2.3 2.4
- Stability: Stable Build
-
Description:
* Added settlement option ORIGIN
* Added admin field 'Checkout Page Display Currency'
* Several minor fixes and improvements
1.1.1:
- Compatible with Open Source (CE) : 2.3 2.4
- Compatible with Commerce on prem (EE) : 2.3 2.4
- Compatible with Commerce on Cloud (ECE) : 2.3 2.4
- Stability: Stable Build
-
Description:
Replaced UpgradeSchema.php with db_schema.xml
1.1.0:
- Compatible with Open Source (CE) : 2.3 2.4
- Compatible with Commerce on prem (EE) : 2.3 2.4
- Compatible with Commerce on Cloud (ECE) : 2.3 2.4
- Stability: Stable Build
-
Description:
Added support for 50 checkout currencies / shop currencies
1.0.2:
- Compatible with Open Source (CE) : 2.3 2.4
- Stability: Stable Build
-
Description:
Improved setup upgrade schema
1.0.1:
- Compatible with Open Source (CE) : 2.3 2.4
- Stability: Stable Build
-
Description:
Improved integration with Amasty One Page Checkout Extension
1.0.0:
- Compatible with Open Source (CE) : 2.3 2.4
- Stability: Stable Build
-
Description:
* added cryptocurrencies as settlement currency
* added selector to specify checkout page language
0.0.4:
- Compatible with Open Source (CE) : 2.3 2.4
- Stability: Stable Build
-
Description:
Updated logging function
0.0.3:
- Compatible with Open Source (CE) : 2.3 2.4
- Stability: Stable Build
-
Description:
* Added payment state handling for underpaid payments, completed payments and refunds
* Tested for Version 2.4
0.0.1:
- Compatible with Open Source (CE) : 2.3
- Stability: Stable Build
-
Description:
Initial release v.0.0.1
Support
Back to topThe best place to start if you need help with a specific extension is to contact the developer. All Adobe Commerce developers have both a contact email and a support email listed.
Contact Vendor