// GLOSSARY -- PAYMENTS & FINTECH

What is Coinbase Commerce?

1 min read Updated

Coinbase Commerce is a payment platform enabling merchants to accept cryptocurrency payments — providing checkout widgets, APIs, and automatic settlement to fiat or crypto.

WHY IT MATTERS

Coinbase Commerce leverages Coinbase's brand and infrastructure for merchant payments. It offers: hosted checkout pages, embeddable payment widgets, webhook notifications, and settlement options (hold crypto or convert to fiat).

The platform supports major cryptocurrencies (BTC, ETH, USDC, DAI) on multiple networks including Base (Coinbase's L2). Integration is straightforward for e-commerce platforms with plugins for Shopify, WooCommerce, and others.

As part of the Coinbase ecosystem, Commerce benefits from regulatory compliance infrastructure and institutional trust that standalone crypto payment processors may lack.

FREQUENTLY ASKED QUESTIONS

How does Coinbase Commerce work?
Merchant creates a checkout → customer pays in crypto → Coinbase confirms transaction → merchant is notified via webhook → funds settle to merchant's Coinbase account.
What are the fees?
1% transaction fee for commerce payments. No monthly fees. Fiat conversion costs additional exchange spread. Competitive with other crypto payment processors.
Do merchants need a Coinbase account?
Yes — a Coinbase account is required for Commerce. This provides KYC compliance and banking integration but adds a centralization dependency.

FURTHER READING

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