Newegg, a North-American electronics e-retailer, announced today that they have partnered up with the Bitcoin payments system provider Bitpay, in order to be able to accept Bitcoin payments for their products on their online shop.
Newegg is one of the leading companies in the US, having more than 25 million registered customers in their database, who will now be able to pay with Bitcoins for their electronic goods. This provides the customers with a secure and reliable way of paying for their goods and saves Newegg money in transaction fees.
“Newegg’s customers are among some of the earliest bitcoin miners and are enthusiastic proponents of the crypto-currency. Adopting bitcoin as a payment method is another way we’re responding to our customers’ diverse needs,” said Soren Mills, chief marketing officer for Newegg North America. “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.”
Newegg chose to partner up with BitPay due to their solid reputation within the industry as well as due to their scalability. BitPay not only allow Newegg to accept Bitcoin payments, but also to handle refunds and payment exceptions with a power Bitcoin application program interface.
“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,” said Tony Gallippi, BitPay’s co-founder and executive chairman.
When customers have created an order with Newegg.com and comes to the payment page, they will now find Bitcoin as a payment method. It is possible to pay with digital bitcoin wallet, with your phone using a QR code and with an online wallet by getting Newegg's Bitcoin wallet address.