Polygon Adds Crypto Checkout Option to Open Money Stack
Polygon has added a crypto checkout option to its Open Money Stack, allowing merchants to accept payments in stablecoins or other cryptocurrencies. The new feature lets customers pay with any wallet, token, or chain and settle in their preferred currency, with the merchant receiving their preferred payout currency.
The checkout process is built to accept payments from any wallet, token, or chain and convert it into the currency the merchant wants to receive. Polygon's cross-chain routing works out the path at the time of purchase, handling any swaps, bridging, and network fees needed along the way.
One of the key benefits of the new feature is that it removes processor chargebacks from settled sales, which can be a major issue for businesses with high chargeback exposure. This is particularly relevant for digital goods, gaming, travel, and ticketing industries.
The checkout feature also works alongside existing Stripe setups, allowing merchants to continue using their existing payment infrastructure while still offering customers the option to pay with cryptocurrency.