Coinbase Commerce Review
Coinbase Commerce is a cryptocurrency payment processing solution offered by cryptocurrency exchange and wallet service Coinbase, which allows merchants to accept payments in a variety of cryptocurrencies. Coinbase was founded in 2012 and is incorporated in the United States. The company holds a Money Transmitter License (MTL) in 44 US states and is licensed as a Electronic Money Institution (EMI) in the European Union.
The product features of Coinbase Commerce include a basic merchant functionality like hosted checkouts, invoicing from the user interface and conversion to USD or stablecoins. The overall impression is that Coinbase Commerce is more of a use case for the Coinbase Exchange than a full-fledged cryptocurrency payment gateway.
In fact, Coinbase Commerce and Coinbase.com, the exchange, are not the same company. The Coinbase Exchange operates as Coinbase, Inc. whereas Coinbase Commerce operates under the legal entity Toshi Holdings Pte. Ltd.
|Item||Coinbase Commerce Review - Details & Features|
|Main Tagline||Fast - Get started with our self-managed product within minutes. Convert - Sell your crypto for cash or USD Coin. USD Coin & DAI - Accept price-stable cryptocurrency.|
A use case for the Coinbase exchange with basic merchant functionality.
|Payment Currencies||BTC, BCH, DAI, ETH, LTC, DOGE, USDC|
|Fiat Settlement Currencies||USD|
|Crypto Settlement Currencies||BTC, BCH, DAI, ETH, LTC, DOGE|
|Withdrawal to bank account||-|
|Exception Handling||Yes (underpaid, overpaid, multiple-paid, delayed)|
|Blockchain||Proprietary - Direct integration of each blockchain|
|Pricing & Fees|
|Operating License||Money Transmitter License (MTL) or equivalent in 44 US states, Electronic Money Institution (EMI) in the European Union|
|Incorporated in||United States|
|Coinbase Commerce Screenshots|
|Hosted Checkout Page|
Coinbase Commerce is a merchant solution offered by the Coinbase Exchange for companies to accept crypto payments from clients. It is more of a use case for the Coinbase Exchange than an enterprise-level stand-alone product.
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