Newegg Extends Bitcoin Payment Option to Canada

TORONTO–(BUSINESS WIRE)–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.

About Newegg Inc.

Newegg Inc. is the leading tech-focused e-retailer in North America, with a global reach into more than 50 countries in Europe, Asia Pacific, Latin America and the Middle East. Founded in 2001, the company offers its more than 36 million registered users a comprehensive selection of the latest consumer electronics, entertainment, smart home and gaming products. Newegg is consistently ranked as one of the best online shopping destinations, and the company regularly earns industry-leading customer service ratings. Newegg is headquartered in City of Industry, California, with North American distribution facilities located throughout the United States and Canada. For more information, visit http://www.newegg.com.

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