Newegg Latest Merchant to Accept Bitcoin

Jul 02, 2014 12:32 PM  By

Bitcoin_Payment_Option-300Newegg has announced a partnership with BitPay to accept Bitcoin payments on Newegg.com.  The company’s more than 25 million registered customers can now pay for more than 10.5 million products including electronics, computers, game consoles and household items using Bitcoin through BitPay.

“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 ecommerce.”

With BitPay’s platform, Newegg can accept Bitcoin payments and also handle 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.

BitPay now serves more than 35,000 merchants and has raised over $32 million in venture capital funding. The company plans to hire 70 new employees this year to continue developing its product and adding more merchants. BitPay’s partnership with Newegg is yet another example of how the company is partnering with leading vendors to bring Bitcoin into mass acceptance.

In January, Overstock.com became the first mainstream retailer to accept Bitcoins as a source of payment. The retailer did more than $1 million in Bitcoin payments in its first two months accepting them.

TigerDirect followed Overstock.com’s lead in February.