In 2019, retail eCommerce sales were worth $3.53 trillion worldwide. However, this is expected to grow to a staggering $6.54 trillion by just 2022. That is a doubling in the size of the online retail sector in the next couple of years.

For those of you reading this, you more than likely have an e-store or are in the process of creating one, and looking into which payments options and currencies you would like to accept.

To grab some of this market you probably already have a great idea or products, and a site to show them off, but the last and most important step is making it possible for your clients to make that purchase. And that is where eCommerce plugins come in. They allow you to accept certain debit or credit cards, online payment services such as Paypal, and various cryptocurrencies like Bitcoin or Dagcoin.

Choosing what payment options to offer can be difficult. Some such as accepting debit and credit card payments come as standard, but do you want to also accept bank transfers, cash on delivery, or cryptocurrencies. Although some of these decisions will be dictated a little by the country in which you operate. Each choice you make can either attract new customers or potentially send them away from your site right before purchase. But, adding payment options can be expensive and time-consuming, so which should you choose?

Why Accept Dagcoin

What would you say if you could make your online store available to over 400,000 potential new customers – that is more people than the entire population of Iceland – and all for free? You would jump at the chance. And that isn’t all-accepting Dagcoin as a payment option offers your business.

Some payment options you may offer your clients can be very slow, bank transfers, for instance, can take many hours or days to go through, and payments with other cryptocurrencies such as Bitcoin can take an hour or more to arrive. These can lead to delays in shipping and unhappy customers. With Dagcoin all transactions take around 30 seconds, regardless of the time of day or day of the week.

But it gets even better. Fraud and money laundering are a big issue in today’s economy. One such way that criminals may abuse your business is by ordering a product, making the payment, waiting for you to dispatch the product/it to arrive, and then issuing a chargeback. By the time you find out, the customer has more often than not long since disappeared with your money and product, and likely closed their bank or credit card account too. And, if they haven’t it is very hard to get that money back from the bank. With Dagcoin it is not possible to request or even make a chargeback, giving you more security that when you get a payment, it remains in your account.

And last but not least, it’s….

Easy to Integrate

For all those who already have a webshop or have started to add payment options to your site. You know it can be a long, complicated and even expensive process – especially if you require a custom solution to be built by a web developer.

This is why the Dagpay’s eCommerce plugins are not only absolutely free to download, they couldn’t be easier to integrate. If you use Magento, Opencart, Prestashop, Woocommerce or the Easy Digital Downloads platform simply download the plugin and you are good to go. You can be accepting dagcoins within just a few minutes, maybe less!

Because the Dagpay eCommerce plugins are available on almost all of the major eCommerce platforms (with more to come), and for free, this gives small and new online vendors the chance to integrate Dagcoin as a payment option themselves, and without the need for a developer. Saving you money that can be spent on starting and growing your business. For larger businesses, this can mean reducing and not even needing a developer team.

If your e-shop is on a different platform from those mentioned above or is custom-built, we have created a free API that a developer can use to integrate Dagcoin payments to your store. Because the hard work has already been done with the API, this can be done much more quickly and cheaply.

How it Works

There is a lot of information out there on how to increase traffic to your site and ultimately to increase conversion rates. Like we mentioned earlier, having a number of payment choices makes your site more appealing to more people because they are able to choose the payment option that best suits them.

However, another key part of increasing conversion rates is making your site and purchase process as quick and easy as possible. This is why the internet is full of articles regarding how to reduce the number of clicks a person needs to make before they complete a purchase. Just as an example, for Nike this is 5.

For customers who choose to pay with Dagcoin, this process is very simple. Once they select to pay with Dagcoin, a QR code will be created, all they have to do is scan this with their phone or tablet and the payment is done. No need to make another click!

And best of all, because Dagcoin payments take just 30 seconds, that money will already be in your company’s wallet.

Conclusion

The global eCommerce sector is expected to double by 2022. That leaves a lot of room for existing online shops to grow and new ones to enter the market. One fantastic way to grow your business is to accept Dagcoin as a payment option.

Not only is Dagcoin used by more people than the entire population of Iceland, but it also offers so much more. Superfast payments that take around 30 seconds no matter what time of day or day of the week it is. A payment system that prevents chargebacks, helps you to greatly reduce the risk of fraud and money laundering, potentially saving you a lot of money.

Accepting Dagcoins on your webshop couldn’t be easier as well. If you use Magento, Opencart, Prestashop, Woocommerce or Easy Digital Downloads, simply download the plugin and you are good to go. It really is that simple, and all totally free.

For your customers, it couldn’t be easier to pay with Dags too. Once they select Dagcoin as their payment option a QR code will be created. All they have to do is scan this with their phone or tablet and the payment is complete. It couldn’t be easier!

Join over 1000 businesses already accepting Dagcoin as a payment option.