Newegg Expands Bitcoin Payment Option to Canada
While cryptocurrencies are a bit in a slump and some retailers have decided to either pull back or not continue with Bitcoin payments, Newegg is going the opposite direction.
- Do you need a business bank account for your online business? Have a look at our review of the five best bank accounts for sellers, some of which are free with no minimum balance or deposits.
- Boost your social media engagement with Publer. Learn how you can save time writing engaging content faster with AI. [sponsored]
- eBay to compete with sellers now!
- New stamp prices and fee increases are coming from USPS on July 9.
- SMALL BUSINESS WEEK SPECIAL: Three tips for SMB ecommerce success in 2023.
Starting this week, Canadian customers can use Bitcoin to pay for their merchandise on Newegg’s electronics marketplace.
Here is the Press Release from Newegg
Newegg – the leading tech-focused e-retailer in North America – today announced it now gives customers in Canada the option of paying with bitcoin. The company first offered a bitcoin payment option to its U.S. customers in August 2014.
Since that time bitcoin transactions have represented a small but growing stream of purchase transactions. Now with the increasing mainstream awareness of cryptocurrencies, Newegg is extending the bitcoin payment option beyond the U.S. and into Canada.
“In 2014 Newegg was among the first major companies to offer customers a bitcoin payment option,” said Danny Lee, Newegg’s CEO. “Since that time the value of bitcoin has skyrocketed and customers holding bitcoin have considerably more purchasing power. We believe the time is right to broaden our acceptance of bitcoin to our customers in Canada.”
Many of Newegg’s 36 million customers reside in North America. Now customers in both the U.S. and Canada can shop Newegg’s complete portfolio of products using bitcoin. Newegg’s longstanding partner BitPay will remain the bitcoin payment service provider (PSP), managing all of Newegg’s bitcoin-related transactions in the U.S. and now in Canada.
With BitPay’s platform, Newegg accepts bitcoin payments and also handles refunds and payment exceptions with the most powerful bitcoin API in the industry. BitPay’s singular focus on building enterprise-grade merchant tools helped the company achieve 99.99% uptime – unrivaled reliability in the industry.
“Newegg was an early e-commerce adopter of bitcoin, and that leap of faith the company took in 2014 put Newegg on the map as a bitcoin-friendly place for tech enthusiasts to shop,” said BitPay CEO and co-founder Stephen Pair. “We’re seeing a lot of traction in Canada, and we’re happy to see Newegg extend its bitcoin payment option north of the border.”
Paying with bitcoin is very intuitive. For a detailed description of the bitcoin payment workflow, visit http://www.newegg.com/bitcoin.
For more information and to shop Newegg Canada, visit http://www.newegg.ca.
Subscribe to Our Newsletter
We do not sell your information.
You can unsubscribe at any time.
Head over to our Facebook Group for Small Business Marketplace Sellers and interact with us and other small business owners. Follow us on Facebook, Twitter, or LinkedIn to stay up to date with relevant news and business insights for your online business.
Editorial Note: This post is from a Company Press Release and may have been modified for clarity.