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Newegg Launches Bitcoin Payment Option in Canada

8/26/2014 9:04:17 AM Press Release

BitPay Service Powers Expanded Virtual Currency Acceptance

August 26, 2014 – Los Angeles, CA – Newegg, the leading electronics e-retailer in North America, today announced that bitcoin payments are now accepted from Canadian customers. Canada is the first country outside of the United States where Newegg accepts bitcoin payments for merchandise (#NeweggBitcoin). Canadian customers can now purchase thousands of products including electronics, computers and game consoles using bitcoin through the BitPay platform. The secure payment method gives customers another convenient option to fulfill their e-shopping needs.

“Newegg is deeply committed to growing its business internationally – serving customers overseas, introducing new products from key Asian markets and evolving the way we transact with our global customer base,” said Soren Mills, Chief Marketing Officer of Newegg North America. “Extending bitcoin acceptance to our Canadian customers is yet another important milestone as we build the company’s international presence.”

BitPay’s payment platform handles all of Newegg’s bitcoin payments, refunds and payment exceptions. BitPay, like Newegg, is growing internationally and this makes the two great partners. BitPay’s currency conversion is instant, requires no transaction fee and BitPay assumes any risk associated with the bitcoin exchange rate.

“BitPay is very excited to help facilitate bitcoin payment acceptance for Newegg’s Canadian customers,” said Tony Gallippi, Executive Chairman of BitPay. “The expansion demonstrates Newegg’s strong commitment to bitcoin and recognition of crypto-currency as a growing and important payment option for online retailers.”

To celebrate the expansion of bitcoin payments to Canada, Newegg is also running a special bitcoin promotion for shoppers on Newegg.com and Newegg.ca. On August 26 and 27 in Canada, and from August 30 to September 1 in the U.S., Newegg customers paying with bitcoin will receive a special discount of $75 off purchases over $300 or $150 off purchases over $500.

Newegg customers in Canada can buy with bitcoin, beginning today. For more information about Newegg’s acceptance of bitcoin, visit http://www.newegg.ca/bitcoin.




About Newegg Inc.
Newegg Inc. is the leading electronics-focused e-retailer in the United States. It owns and operates Newegg.com (www.newegg.com) which was founded in 2001 and regularly earns industry-leading customer service ratings. The award-winning website has more than 25 million registered users and offers customers a comprehensive selection of the latest consumer electronics products, detailed product descriptions and images, as well as how-to information and customer reviews. Using the site's online tech community, customers have the opportunity to interact with other computer, gaming and consumer electronics enthusiasts. Newegg Inc. is headquartered in City of Industry, California. The Newegg Hybrid Center is located at 18045 Rowland St., City of Industry, CA 91748.

About BitPay
BitPay is a Payment Service Provider (PSP) specializing in eCommerce, B2B and enterprise solutions for the Bitcoin digital currency.
Media Contact:
BitPay
Jan Jahosky
407-331-4699
jan@bitpay.com



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