We recently launched Coinbase Commerce, our new product designed specifically for merchants. The response has been overwhelmingly positive and we’re extremely excited to continue building out the product to exceed our customer’s expectations. In light of this, we’ll be retiring Coinbase’s Merchant Tools product to focus on making Coinbase Commerce the best possible solution for online retailers.
Important Dates to Remember
We recognize that this decision may be disruptive to Coinbase Merchant Tool customers and we’re here to help ensure a smooth transition. We suggest exploring Coinbase Commerce and if the product meets your needs, we recommend creating a Coinbase Commerce account by April 30th, 2018 to continue accepting cryptocurrency payments. We’ve created the following timeline to facilitate your transition:
- March 5th, 2018 — This announcement. No immediate changes to Merchant Tools.
- Apr 30th, 2018 — Merchants will no longer be able to generate new orders using Coinbase Merchant Tools. Merchant Tool users will still be able to process refunds.
- May 31st, 2018 — Final date for Coinbase Merchant Tool users to migrate to Coinbase Commerce.
We will be posting reminders and sending emails as we get closer to each of these dates but we recommend migrating as soon as possible to minimize the disruption to your business.
What is Coinbase Commerce?
Coinbase Commerce is a new service that enables merchants to accept multiple cryptocurrencies directly into a user-controlled wallet. Our mission at Coinbase is to create an open financial system, so we’ve designed this solution to serve merchants worldwide. Unlike previous merchant products we’ve offered, Coinbase Commerce is not a hosted service, so merchants will have full control of their own digital currency.
Coinbase Commerce can be directly integrated into a merchant’s checkout flow or added as a payment option on an e-commerce platform. With just an email address and a phone, merchants can begin accepting payments in Bitcoin, Bitcoin Cash, Ethereum and Litecoin. We’ve already integrated with Shopify, one of the largest multi-channel commerce platforms, and are actively adding more integrations to make accepting cryptocurrency as easy as possible.