Newegg offers Bitcoin payment option for Canada

March 30, 2018


Newegg offers Bitcoin payment option for Canada

Newegg, the leading North American tech-focused e-retailer, announced that its Canadian costumers will have the option to pay with Bitcoin from now on.

Danny Lee, Newegg’s CEO reminded that in 2014 his company was among the first major companies to offer customers a bitcoin payment option.

“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,” he noted.

Newegg has around 36 million customers and most of them live in North America. Now U.S. and Canada-based customers will have the opportunity to shop Newegg’s complete portfolio of products using bitcoin.

BitPay, which is Newegg’s reliable partner, will remain the bitcoin payment service provider (PSP), managing all of Newegg’s bitcoin-related transactions both in U.S. and 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.

“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,” said BitPay CEO and co-founder Stephen Pair.