TigerDirect: First Major Internet Retailer to Accept Bitcoin Via BitPay

TigerDirect now accepts Bitcoin payments. If you're going to shop at TigerDirect, Bitcoin is now a payment option during the checkout process. The online electronics giant currently sells over 200,000 different products over the Internet, and they are the first large electronics retailer to accept Bitcoin payments from their customers. This move makes a lot of sense for a company that focuses on selling electronics over the Internet, and some will be surprised that it did not come sooner. This could force Newegg, another major electronics retailer, to make a similar move. Why Accept....

TigerDirect, an online retailer of computers and consumer electronics has been accepting bitcoin for 18 months through BitPay, beginning in January of 2014. Bitcoin Magazinesat down with Steven Leeds, head of marketing at TigerDirect to learn more about the company's experience as one of the earliest major merchants to embrace Bitcoin. While recent reports from Expedia suggest that it has seen a decrease in bitcoin payments, TigerDirect shared a different story. According to Leeds, TigerDirect has been thrilled with its decision to accept bitcoin. Leeds noted that Bitcoin has drawn new....

Tiger Direct Second online retailer to exceed $1 Million Bitcoin sales. Following Overstock, TigerDirect is the second online retailer to report Bitcoin sales in excess of $1 Million. TigerDirect processes about 2 billion dollars of orders each year. Both companies reported dramatic sales increases as a result of beginning to accept Bitcoin. Using Bitpay as its payment provider TigerDirect began accepting Bitcoin on January 23rd. Interestingly customers are eager to spend Bitcoins in spite of the constant media hype that Bitcoin is deflationary and therefore supposedly people wont spend....

Online electronics retailer TigerDirect just may be considering adding bitcoin as a payment option. That is according to a tweet the company sent out this afternoon in response to a tweet from user @Bitcoinstore. The tweet reads, "How bad do you want it?", with a request to retweet and essentially beg for the company to accept the digital currency. The move would give TigerDirect a considerable amount of publicity, especially in the Bitcoin community. TigerDirect isn't the only retailer considering the digital currency. Just recently, NewEgg stated they themselves were considering bitcoin....

TigerDirect made a splash earlier this year when they announced they'd be accepting bitcoin somewhat suddenly at the end of January, making it the second mainstream retailer to embrace the digital currency behind Overstock.com. In under one day, the retailer brought in a whopping $250,000 worth of sales paid for in bitcoin, and just last month, TigerDirect announced they'd surpassed the $1 million mark. But our friends in Canada were watching from the sidelines. Unfortunately, TigerDirect only enabled bitcoin payments here in the United States, leaving shoppers at their Canadian site at....