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IIRC Newegg is using Bitpay, which costs ~1% and settles to USD daily. It also means no refunds allowed (even in USD) to the customer using it, only store cred
by bduerst 5y ago
IIRC Newegg is using Bitpay, which costs ~1% and settles to USD daily. It also means no refunds allowed (even in USD) to the customer using it, only store credit.
- mbesto 5y agoWhich is an entirely pointless way to transact commerce for 99% of the population. I get my paycheck in USD and then buy goods and services with it. If it converts to BTC and then BTC back to USD then whats the point? It's just paying with a credit card with extra steps. What's the use case here?
- bduerst 5y agoOh I'm not defending it. It's a garbage way to pay considering the competitive alternatives they allow. It's marketing to a specific niche of tech bro, which is probably a large enough segment of Newegg's customers to justify it.