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Newegg Accepting Bitcoin Payments

Los Angeles — has begun accepting bitcoin payments on its e-commerce site.

The e-tailer is partnering with BitPay to integrate the virtual currency into its operations. The Atlanta-based payment processor provides services to some 30,000 merchants, including fellow CE dealer TigerDirect.

Newegg, the largest online-only CE and IT specialty retailer, said the electronic currency provides another convenient and secure way for its customers to fulfill their e-shopping needs.

 “Newegg’s customers are among some of the earliest bitcoin miners and are enthusiastic proponents of the crypto-currency,” said chief marketing officer Soren Mills. “Adopting bitcoin as a payment method is another way we’re responding to our customers’ diverse needs.”

Newegg said it selected BitPay for its reliability and scalability, and a platform that provides for payments as well as refunds and payment exceptions.

“Our partnership gives us the capabilities we require for high-volume e-commerce,” Mills said.