{"id":2489,"date":"2020-11-18T09:56:07","date_gmt":"2020-11-18T17:56:07","guid":{"rendered":"https:\/\/www.opennode.com\/blog\/?p=2489"},"modified":"2022-11-16T13:01:04","modified_gmt":"2022-11-16T21:01:04","slug":"magento-bitcoin-plugin","status":"publish","type":"post","link":"https:\/\/blog.opennode.com\/blog\/magento-bitcoin-plugin\/","title":{"rendered":"How to Accept Bitcoin: Magento Bitcoin Plugin"},"content":{"rendered":"<span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span>\n<p>We at <a href=\"https:\/\/opennode.com\">OpenNode<\/a> strongly believe that the e-commerce industry will enjoy the benefits of instant, low-cost payments using Bitcoin and drive the next wave of <a href=\"https:\/\/www.opennode.com\/blog\/glossary\/bitcoin\/\">Bitcoin<\/a> adoption. That&#8217;s why we focus on providing the easiest way to accept Bitcoin for any online business and by adding new plugin solutions on our platform we can expand our platform to more merchants. With that said, we\u2019re pleased to announce that our platform will now offer a Magento Bitcoin plugin.&nbsp;<\/p>\n\n\n\n<p>Integrating the OpenNode Magento Bitcoin plugin is quick and easy and can have your business accepting Bitcoin payments in minutes.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Plugin installation<\/h2>\n\n\n\n<ol class=\"wp-block-list\"><li>Download the Magento plugin<\/li><li>Extract the downloaded ZIP file<\/li><li>Upload the extracted folder to your server, on MAGENTO_ROOT\/app\/code<\/li><li>Run the following commands:<\/li><\/ol>\n\n\n\n<pre class=\"wp-block-code\"><code>    composer require opennode\/opennode-php --ignore-platform-reqs\n    php bin\/magento module:enable OpenNode_OpenNodePayment\n    php bin\/magento setup:upgrade\n    php bin\/magento setup:di:compile\n    php bin\/magento cache:clean<\/code><\/pre>\n\n\n\n<h2 class=\"wp-block-heading\">Plugin configuration<\/h2>\n\n\n\n<p>After installing the Magento plugin, you should activate it and configure it properly.<\/p>\n\n\n\n<p>You will need an OpenNode API key. To get one, follow these steps:<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>After signing up on OpenNode, log into the platform<\/li><li>Click on &#8220;Developers&#8221; and select the &#8220;Integrations&#8221; tab<\/li><li>Click on the &#8220;Generate E-commerce Key&#8221; button<\/li><li>Copy the generated API Key<\/li><\/ol>\n\n\n\n<p>After getting your API key, you can configure your OpenNode Magento plugin:<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>Access your Magento Admin panel.<\/li><li>Click on &#8220;Stores&#8221; and then &#8220;Configuration&#8221;.<\/li><li>Click on &#8220;Sales&#8221; and then &#8220;Payment Methods&#8221;.<\/li><li>Select &#8220;OpenNode&#8221; to view all configuration options<\/li><li>Paste the API key in the &#8220;API Key&#8221; field<\/li><\/ol>\n\n\n\n<p>When you&#8217;re done, it should look something like this:<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"510\" src=\"https:\/\/www.opennode.com\/blog\/wp-content\/uploads\/2020\/11\/Magentoss-1-1024x510.png\" alt=\"Image of Magento dashboard with OpenNode Magento Bitcoin Plugin\" class=\"wp-image-2491\" srcset=\"https:\/\/blog.opennode.com\/blog\/wp-content\/uploads\/2020\/11\/Magentoss-1-1024x510.png 1024w, https:\/\/blog.opennode.com\/blog\/wp-content\/uploads\/2020\/11\/Magentoss-1-300x149.png 300w, https:\/\/blog.opennode.com\/blog\/wp-content\/uploads\/2020\/11\/Magentoss-1-768x383.png 768w, https:\/\/blog.opennode.com\/blog\/wp-content\/uploads\/2020\/11\/Magentoss-1-1536x765.png 1536w, https:\/\/blog.opennode.com\/blog\/wp-content\/uploads\/2020\/11\/Magentoss-1.png 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h4 class=\"wp-block-heading\">What are the benefits of accepting Bitcoin with my store?&nbsp;<\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Low Fees: <\/strong>OpenNode offers payment processing fees which is significantly lower than most traditional payment methods.<\/li><li><strong>No Chargebacks: <\/strong>With Bitcoin payments, there is zero chargeback fraud. Integrating OpenNode gives your business a payment method with zero chargebacks.\u00a0<\/li><li><strong>Global: <\/strong>Bitcoin payments can come from anywhere in the world. Accept Bitcoin and expand your business to customers around the world.\u00a0<\/li><li><strong>New Customers: <\/strong>There are millions of Bitcoin users all around the world, give your business a competitive advantage by marketing to this unique demographic.\u00a0<\/li><\/ul>\n\n\n\n<p>Congratulations! Now that you have set up your Magento plugin, we\u2019re happy to welcome you to the world of Bitcoin. Want to know more about Bitcoin and learn more about the OpenNode platform? Check out our blog for more information on Bitcoin and the Lightning Network, don\u2019t forget to subscribe and follow us on <a href=\"https:\/\/twitter.com\/OpenNodeCo\">Twitter<\/a> for more information!&nbsp;<\/p>\n\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n\n<p>Do you want to accept Bitcoin with your e-commerce store using OpenNode but we don\u2019t currently support your e-commerce platform? Send an email to <a href=\"mailto:support@opennode.com\">support@opennode.com<\/a> and we\u2019re happy to help you!<\/p>\n\n\n\n<p>Peace &amp; Love&nbsp;<\/p>\n\n\n\n<p>The OpenNode team<\/p>\n","protected":false},"excerpt":{"rendered":"<p><span class=\"span-reading-time rt-reading-time\" style=\"display: block;\"><span class=\"rt-label rt-prefix\">Reading Time: <\/span> <span class=\"rt-time\"> 2<\/span> <span class=\"rt-label rt-postfix\">minutes<\/span><\/span>We at OpenNode strongly believe that the e-commerce industry will enjoy the benefits of instant, low-cost payments using Bitcoin and drive the next wave of Bitcoin adoption. That&#8217;s why we focus on providing the easiest way to accept Bitcoin for any online business and by adding new plugin solutions on our platform we can expand  &#8230;<\/p>\n","protected":false},"author":3,"featured_media":2494,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[42],"tags":[101],"class_list":["post-2489","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","tag-e-commerce"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How to Accept Bitcoin: Magento Bitcoin Plugin - OpenNode Blog<\/title>\n<meta name=\"description\" content=\"Want to accept Bitcoin with your Magento powered business? 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