Newegg and BitPay Partnership
Since 2014 , there have been a collaboration between Newegg and BitPay to facilitate bitcoin payments in the US and Canada. “No single charges has been required for any bitcoin transaction on Newegg since this initial implementation has started
From an official statement, “the companies are now extending the bitcoin payment option to the 73 new countries announced today as a result of a successful collaboration in place.”
Looking at the way it works, BitPay processes bitcoin transactions worth more than $1 billion yearly for its e-commerce partners while bitcoin payments company uses blockchain technology to offer transparent transactions and to eliminate chargebacks.
By avoiding credit card fees typically assessed on credit card purchases, Newegg increase its margin on each bitcoin transaction to make this happen.
“we were one of the first major online shopping destinations to accept Bitcoin more than five years ago and our early-adopter customers were quick to embrace this new payment option. We have been noted for the ability to broaden the payment with bitcoin to the majority of our global network and this underscores our commitment to bringing innovation to the online shopping experience and attend to customers’ growing preference for our bitcoin payment option,” Anthony Chow, Newegg’s president global sales, stated.
Newegg sells products such as electronics, gaming equipment, and smart home appliances to over 38 million registered users in North America, Latin America, the Middle East, Europe, and the Asia Pacific.
Buying Products with Bitcoin
Like with other online shopping processes, purchasing items on Newegg with bitcoin is quite simple. All you need to do is to add your items to a cart and select the shipping address of your choice. After that , you proceed to choose bitcoin as the payment option of your choice, review your order, and then pay using BTC, that’s it . With computer-based, web-based, or smartphone-based digital wallets, Newegg allows users to pay with any of the wallet options.
Showing the benefit of using a borderless, decentralised digital currency to shop online, Newegg is good to go as it continues to extend this payment option to more people around the world.
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Credits : Angeline MbogoJOIN OUR COMMUNITY