Wordpress USDC Plugin w/ 0% Fees

Nov 22, 2022

Hi folks, a very short post here on a plugin I’ve recently built allowing merchants to accept USDC on Wordpress.

The business case for merchants is simple:

  • Credit cards often cost 2–3%, sometimes more
  • Ethereum USDC transactions right now cost $0.6

For higher value transactions in particular, it’s cheaper to accept USDC.

What are the problems:

  1. Customers have to pay for the gas but don’t pay for credit card fees.

The solution is to let merchants pay for the gas fees — stay tuned!

  1. Gas fees are only low because crypto is low

Yes! But there is a window now and this gives more time for L2s to mature.

Want to guess what L2s I’m considering and why?

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