Bigcommerce’s platform works differently than most e-commerce platforms as it provides support and a personalized website, while allowing businesses to retain their brand, something eBay and Amazon don’t offer. The startup facilitated a total gross merchandise volume exceeding $5B USD in 2014.
Noah Judson, CTO of CoinBeyond, said in a statement that the integration showcases how easy the startup makes merchant bitcoin payments. “We realize merchants are skeptical about the complications of a cryptocurrency, so we made the integration take the amount of time it takes to make a cup of coffee.”
“Joining the evolution of monetary systems has never been so easy.”
– Noah Judson
The integration is result of feedback and testing from a beta program CoinBeyond has been running with select merchants since April 2014. The startup is seeking to differentiate itself from the competitors in the space by being the first bitcoin payment processor with a secure portal for customer service representatives, which doesn’t expose sensitive financial information to employees. CoinBeyond also offers the usual services provided by bitcoin payment processors, such as instant payments, conversion to USD, and low-costs.
Bigcommerce is the largest merchant platform the company CoinBeyond has signed since the service completed beta testing.
Bigcommerce has operations in Australia and the United States, and allows businesses to create their own website, manage invoices, add numerous payment options, and take care of other technical aspects. It gives companies the convenience and help of websites like e-Bay, while letting businesses put their brand front and center. Last November, Bigcommerce raised $50 million from investors, including SoftBank Capital,Telstra Ventures, and American Express, bringing the company’s total funding to $125 million.
As of last year, 70% of the platform’s merchants were located in the United States, but the startup has also been