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This extension is in our Payment category, and could affect the PCI compliance level of your store. It is the merchant’s responsibility to ensure the proper PCI compliance level of their store, as applicable by PCI regulations. The PCI Self-Assessment is one tool you can use when evaluating Payment extensions and how they may affect your PCI compliance level. For more information on Marketplace policies, please review the Marketplace Terms & Conditions.
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Coinqvest Crypto Payments

This is an Integration with a Third Party Service. Other charges and fees may be required to use this extension on your Store
TOTAL:
$259.00

Overview

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Coinqvest is an enterprise cryptocurrency payment processor that allows merchants to accept payments in digital currencies. As per Statista, the number of Blockchain wallets has been growing since the creation of the Bitcoin virtual currency in 2009, reaching over 47 million Blockchain wallet users at the end of March 2020. Owing to these statistics, Magento merchants must adapt to this technology and leverage their popularity. Keeping this point in mind, Meetanshi has developed Coinqvest Crypto Payments for Magento 2 extension.

The extension integrates Coinqvest's cryptocurrency payment processor with Magento 2. It enables the store owner to collect digital currency as payments in terms of Bitcoin, Ethereum, Litecoin, Stellar Lumens, etc.

With Coinqvest Crypto Payments for Magento 2 extension installed in the store, one can leverage the payment gateway's key features such as:

  • Access to transaction history records and real-time conversions
  • Easy withdrawals
  • Compiance in billing and accounting

and much more.

The integration of the payment gateway with the Magento 2 store meets the SAQ A level of PCI compliance as it uses the hosted payment processing where the sensitive payment details are not entered or stored in the Magento 2 store.

 

Account & Pricing

To commence using the Coinqvest Crypto Payments extension, you need to create a FREE online account and enter the details in Magento 2 store configuration section for the API integration. The gateway offers quotation based Pricing Plans for which you can contact the support team.

 

How Does The Extension Work?

The admin can enable the module to set the custom title for the payment method and display Coinqvest logo at the checkout. The admin can easily integrate the payment gateway with Magento 2 store using the API key and API secret key. The admin can select the settlement currency, automate the invoice, select countries to allow using this payment method, and add custom text to display on the checkout page.

When a customer selects Coinqvest payment method on the checkout page and clicks "Continue to Payment", he is redirected to the Coinqvest hosted page for payments where he has to select the payment method for cryptocurrency and click "Get Deposit Address".

After making payments with the preferable cryptocurrency wallet, the customers have to confirm it by clicking "I made the payment" button.

On the crypto wallet dashboard, the customer has to click the "Send" button to make the payments. He has to add the deposit address, crypto wallet memo, and the amount to send the payment. He has to click the "Send" button to make the payment. The customer has to confirm the payment amount and click "Send" for the payment success message in the crypto wallet.

On clicking the "I made Payment" button from the Coinqvest hosted page, he can see the payment success message and can return to the Magento 2 store by clicking the "Return to Merchant" button.

The customers can check their Coinqvest payment details under the "My Account" section.

Also, the admin can check the Coinqvest payment details in the Sales > Orders > Order View section in the backend.

 

Security & PCI Compliance:

Once the customers add products to cart and proceed to pay using Coinqvest Crypto Payments, they are redirected to the Coinqvest hosted payment page. The customers have to select the crypto wallet and enter the amount here. Next, they have to enter the crypto wallet memo, payment account, and deposit address.

Since merchants do not store customer payment information, they will be able to handle more customers. Moreover, the payment process is handled by the hosted payment gateway and customers' card details are neither entered into nor stored on the Magento 2 server and thus, it ensures a secure payment process. The integration meets the SAQ A level of PCI compliance.

 

Benefits:

  • Allows accepting digital currency at the checkout in terms of Bitcoin, Ethereum, Litecoin, or Stellar Lumens.
  • Let customers pay for their orders in terms of cryptocurrency with security and ease.
  • Option to set a custom title for Coinqvest crypto payment method.
  • Enable/disable the display of payment method logo at the checkout step.
  • Use the API key and API secret to integrate the Coinqvest payment method with Magento 2 store
  • The admin can select the settlement currency.
  •  Select one of the languages to display checkout page in. 
  • The admin can automate the invoice generation
  • Select the countries to allow using the Coinqvest payment method in Magento 2 store
  • Option to display additional information at the checkout step with the payment method.
  • The extension uses hosted payment processing and redirects the customer to Coinqvest hosted page when the customers select this payment method and click on the "Continue to Payment" button.
  • The customers have to click "Get Deposit Address" after selecting the payment method on this page
  • The customers have to click "I made the payment" button after making the payments from the preferred cryptocurrency wallet.
  • Enter the deposit address, Stellar memo, and the amount to be sent in the crypto wallet and click "Send".
  • The success message is shown on the crypto wallet with the "OK" button.
  • The customer can return to the Magento 2 store by clicking the "Return to Merchant" button.
  • Allow customers to check the payment details under "My Account" section
  • The admin can check the payment details in the Sales > Orders section in the backend.

 

Also Comes With:

  • Free 90 Days Support
  • Free Lifetime Updates
  • 25 Days Marketplace Return Policy
  • Multi-Store Supported
  • 100% Open Source

 

Visit Live Demo:

  • Back-end | Select "Coinqvest Crypto Payments" from the Username drop-down to log in.
  • Front-end | Configure the extension from back-end first as per your requirements to see it in action.

 

If you have any questions about this extension, you can Contact Us, and we reply you back within a few hours. 

Technical Specifications

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Seller profile

Meetanshi

Seller contact

E-mail

Integrator

Coinqvest Cryptocurrency Payment Processor

Current Version

1.0.2

Magento platform compatibility

Open Source (CE): 2.3 (current), 2.4 (current)

Commerce on prem (EE): 2.3 (current), 2.4 (current)

Commerce on Cloud (ECE): 2.3 (current), 2.4 (current)

Type

Stable Build

Updated

17 June, 2021

Categories

Extensions, Payments & Security, Payment Integration

Supported Browsers

Chrome, Firefox, Opera, Safari, Edge, IE

Quality Report

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Installation & Varnish Tests

Passed

Coding Standard

Passed

Plagiarism Check

Passed

Malware Check

Passed

Marketing Review

Passed

Manual Testing

Passed

All tests were conducted on the latest versions of Magento 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

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1.0.2:

  • 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 Checkout Language Support.

1.0.1:

  • 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:

    - Compatible with Magento 2.4.1
    - Minor bug fixing

1.0.0:

  • Compatible with Open Source (CE) : 2.3
  • Compatible with Commerce on prem (EE) : 2.3
  • Compatible with Commerce on Cloud (ECE) : 2.3
  • Stability: Stable Build
  • Description:

    Initial Release

Support

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The best place to start if you need help with a specific extension is to contact the developer. All Magento developers have both a contact email and a support email listed.

Contact Vendor

Q & A

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Reviews

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