Coinbase Commerce is a new payment service for merchants. It allows merchants to accept payments in Bitcoin, and then convert them into local currency at a 1:1 rate. This means that a merchant can accept a $100 payment in Bitcoin, and then receive $100 in local currency (USD, EUR or GBP). The conversion rate is always 1:1, so it does not matter if the value of Bitcoin changes during the transaction.

Coinbase Commerce also allows users to buy Bitcoins with their credit cards. They can then use those Bitcoins to pay for products and services on other websites. This is similar to how PayPal works.

How Does Coinbase Commerce Work?

Coinbase Commerce is a simple system that uses the Coinbase API to process transactions. When a customer makes a purchase through Coinbase Commerce, they enter their card information, and then the Coinbase Commerce system will process the payment. Once the payment has been processed, Coinbase Commerce converts the Bitcoin payment into local currency at a 1 to 1 rate.

Is Coinbase Commerce Secure?

Coinbase Commerce uses the same SSL encryption as Coinbase itself. All credit card information is encrypted using the same technology that banks use. Coinbase Commerce uses the same system as PayPal, which is one of the most secure systems around.

How Do I Use Coinbase Commerce?

Coinbase Commerce currently only supports the following currencies: USD, EUR and GBP. Merchants can easily accept payments in any of these currencies. If you do not want to accept payments in USD, you can create an account in EUR or GBP.

There is no limit to the number of currencies that can be accepted by merchants. You can accept payments in any currency, as long as you know how to convert it into your local currency.

If you would like to accept payments in Bitcoin, you will need to open an account with Coinbase Commerce. You can open an account for free, and start accepting payments immediately.