Bitcoin Cryptocurrency Gets the Nod at NewEgg
Electronics e-tailer NewEgg has partnered with BitPay to accept Bitcoin payments on NewEgg.com.
“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 will use the BitPay platform to accept bitcoin payments and handle refunds and payment exceptions (through its API). BitPay serves more than 35,000 merchants and has raised over $32 million in funding.
“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. “Newegg has been the most requested retailer from the bitcoin community and our collaboration will serve this pent-up demand.”