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Pinwheel Partners with Wix, providing merchants access to crypto payment processing

October 26, 2021 at 09:00 AM EDT

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

Pinwheel, a Payment Service Provider “PSP”, announces a partnership with Wix (Nasdaq: WIX), a leading global SaaS platform to create, manage and grow an online presence, incorporating crypto processing as a new payment option through Pinwheel on the Wix platform. With Pinwheel’s effortless integration into Wix, eCommerce merchants now have the opportunity to accept Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) as a form of payment processing.

“We are thrilled to be selected by Wix as a Crypto Processor,” said David Silverton, CEO of Pinwheel. “The payment landscape is constantly evolving and the future of payments lies in companies that embrace innovation. Wix embodies this frame of mind and the Wix/Pinwheel collaboration is a product of this mentality.”

“We are constantly finding new and innovative ways to support our merchants and offer them the tools to grow their businesses so they can continue to expand their online presence and provide the best service to their customers,” said Omer Shatzky, Head of Billing & Payments at Wix. “With the rise of cryptocurrencies, we want to ensure merchants can offer and accept various forms of payment and in working with Pinwheel, we continue to make this vision into a reality.”

Pinwheel’s crypto processing is available to Wix merchants in Belgium, Canada, Costa Rica, Croatia, Cyprus, Dominican Republic, France, Germany, Ireland, Italy, Netherlands, Puerto Rico, Romania, Spain, Sweden, Switzerland, United Kingdom and the United States. As cryptocurrencies become more widely adopted, Pinwheel remains committed to growing their list of supported currencies and making them accessible to Wix merchants globally.

Crypto technology makes every transaction private, secure, and direct between the merchant and customer – eliminating intermediaries and dramatically lowering fees. Other benefits of crypto payment processing include transactions that are deposited within 24 hours in the merchant’s choice of more than 120 fiat currencies, including USD; the BTC to fiat exchange rate is locked at the time of the sale, so merchants avoid the threat of market fluctuation.

Pinwheel is a powerful platform designed to serve the needs of merchants in both unregulated and regulated industries. Pinwheel has been a proud partner of Wix since 2019 and has helped hundreds of merchants overcome complex challenges that traditional payment gateways and processors are unable or unwilling to tackle. In addition to simplifying the transaction process, the Pinwheel platform offers merchants a compelling suite of features that includes subscription billing, 3DS2 functionality, Apple Pay, and a powerful hosted payment page, to name a few.

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