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This extension is in our Payment category. Please remember that 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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Utrust Payments

by Utrust
This is an Integration with a Third Party Service. Other charges and fees may be required to use this extension on your Store
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Overview

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Utrust is a Swiss-based startup that is dedicated to modernizing the finance and payments industry. It provides the leading cryptocurrency payment solution, which allows for instant transactions, buyer protection, and immediate crypto-to-cash settlements for the merchant. With Utrust, merchants can finally accept payments in a variety of cryptocurrencies such as Bitcoin, Ethereum or their own UTK and receive cash in their bank accounts seamlessly and safely. Utrust also provides its own digital wallet, which allows customers to keep and transfer digital currencies for free and across borders, as well as make payments, instantly.

The Utrust extension will allow merchants to start using Utrust’s payment solutions directly via Magento with seamless integration. The extension will allow merchants to set everything up, and start accepting digital currencies, such as Bitcoin, Ethereum and UTK as payment. Regardless of what currency is used as payment, the merchant will still receive cash in their usual bank account. The extension will be particularly useful as adoption of cryptocurrencies grows and more people start using it for day-to-day purchases. Cryptocurrencies are borderless, they pay no foreign exchange rates, and are not subject to chargebacks. These advantages provide a strong incentive for people to, when in doubt, use crypto. The Utrust plugin will allow for merchants to provide them with that possibility with no downside, getting paid in cash themselves. The only visible difference to the merchant’s site will be the extra payment option, which will redirect payment to the Utrust widget.

 

Account & Pricing

For new Utrust users, an Utrust account is required and must be created separately from the extension installation. Please sign in for a production account here or for a sandbox account here. Utrust doesn’t charge monthly, weekly or other hidden fees. Utrust charges a 1% flat fee for each payment you receive with digital currencies. Find all the details at utrust.com.

 

Features

These are the features already implemented and planned for the Utrust for Magento 2 plugin:

  • No need to understand the world of cryptocurrencies, it’s business as usual
  • Supports all crypto wallets that can scan a QR code address or input the address manually
  • Instant payment using Utrust wallet
  • No volatility risk
  • Prices displayed in your local currency (supports EUR, USD, GBP)
  • Monthly settlements via Bank transfer (EUR, USD, GBP)
  • No chargebacks
  • View payments and issue refunds in Utrust Merchant Dashboard
  • Since a cryptocurrency transaction does not contain any credit card or bank information, there is no need for PCI compliance

 

Security

The customer is redirected to a secure Utrust Payment Widget page, where they proceed with sending their crypto funds to Utrust. After crypto is received, or if the operation is cancelled, the customer is redirected back to the Magento store. 

The transactions are done on the blockchain with its inherent security features. 

PCI compliance is not applicable since Utrust doesn’t process card payments.

Technical Specifications

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Seller profile

Utrust

Seller contact

E-mail

Integrator

Utrust Payments

Current Version

1.5.0

Adobe Commerce platform compatibility

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

Type

Stable Build

Updated

09 May, 2022

Categories

Extensions, Payments & Security, Payment Integration

Supported Browsers

Chrome, Firefox, Opera, Safari, Edge, IE

Documentation

Installation Guides

License Type

GNU General Public License 3.0 (GPL-3.0)

Policy

Privacy Policy

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 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

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1.5.0:

  • Compatible with Open Source (CE) : 2.3 2.4
  • Stability: Stable Build
  • Description:

    * Fix to Create order on Magento when payment detected from Utrust as Pending

1.4.0:

  • Compatible with Open Source (CE) : 2.3 2.4
  • Stability: Stable Build
  • Description:

    * Make compatible with Magento 2.4
    * Add alternative payment flow (the order only gets created on Magento when the payment is confirmed)
    * Update README
    * Add more countries
    * Add more currencies

1.3.0:

  • Compatible with Open Source (CE) : 2.3 2.4
  • Stability: Stable Build
  • Description:

    Compatibility with Magento 2.4.x

1.0.0:

  • Compatible with Open Source (CE) : 2.3
  • Stability: Stable Build
  • Description:

    First 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 Adobe Commerce developers have both a contact email and a support email listed.

Contact Vendor

Q & A

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Reviews

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