Last updated on October 21st, 2016 at 11:50 am
Newegg, the leading electronics e-retailer in the United States, just stepped up its game by partnering with the payment processor BitPay to start accepting Bitcoin. After hinting at the possibility more than once in the past, the major electronic retailer finally decided to accept the world’s most famous cryptocurrency.
Starting this Tuesday (1st July), the company’s more than 25 million registered customers can buy one of the 10.5 million products sold by Newegg using their BTC savings.
The decision was particularly justifiable since “Newegg’s customers are among some of the earliest Bitcoin miners and are enthusiastic proponents of the cryptocurrency”, explained Soren Mills, chief marketing officer for Newegg North America.
Adopting Bitcoin as a payment method is another way we’re responding to our customers’ diverse needs. Working with BitPay to implement a Bitcoin payment option at Newegg was a seamless process and our partnership gives us the capabilities we require for high-volume e-commerce.
The partnership between Newegg and BitPay not only guarantees the company can accept Bitcoin without any hassle, but also makes sure the e-retail giant is able to handle BTC refunds and payment exceptions with “the most powerful Bitcoin API in the industry”.
“Our mission is to make Bitcoin every merchant’s favorite form of payment. Forward-thinking merchants like Newegg allow Bitcoin enthusiasts from around the world to shop with ease. Newegg has been the most requested retailer from the Bitcoin community and our collaboration will serve this pent-up demand”, said Tony Gallippi, BitPay’s executive chairman.
If you are a Newegg’s customer and you want to make a payment with Bitcoin, all you have to do is complete your order and select the Bitcoin option from the list of available payment methods during stage two of the order process. Then, the orders processed using BitPay can be completed using the following options:
- If the customer has digital wallet software installed, that customer can complete an order by clicking the “Pay with Bitcoin” button.
- If the customer’s digital wallet is stored in a smartphone, a QR code can be scanned on the Bitcoin Payment page to complete the transaction.
- If the customer’s digital wallet is hosted on the web, the customer clicks the “View Address” link to display the digital wallet address and send the Bitcoin amount due.
The process is pretty straightforward, but if you need more information then visit Newegg’s webpage dedicated to Bitcoin.