Online Retailer Newegg Accepting Dogecoin as Payment Option (yahoo.com) 40
Online electronics retailer Newegg said it is now accepting dogecoin as a method of payment. From a report: Customers will be able to complete transactions using the dogecoin held in their BitPay wallet, according to an announcement Tuesday. Newegg first began accepting payments in bitcoin in July 2014. The company is now among the first retailers to accept dogecoin as payment. Further reading: Dogecoin Rips in Meme-Fueled Frenzy on Pot-Smoking Holiday.
Publicity Stunt? (Score:3)
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They're using a payment processor. Meaning a third-party is converting cryptocoins to real money, and the real money is transmitted to Newegg.
Bitpay added dogecoin a month ago, so now they can milk this with every retailer that has Bitpay as an option.
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The only people who rage about crypto are elderly slashdot posters. Well maybe not elderly but let’s say pushing 60. The get off my lawn and new technology is scary crowd.
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Re: Publicity Stunt? (Score:3)
It is not a publicity stunt. I have paid there with bitcoin in the past. When you press buy, it gives you a locked in price in constant bitcoin, and a timer. When it detects the payment, it is happy.
A decent number of places take bitcoin- not a lot, but some. And given that graphics card prices and cryptocurrency prices are correlated, it is nice to be able to buy whenever.
I gotta ask (Score:2)
Re: I gotta ask (Score:2)
The price on the site is quoted in constant dollars. When you press âoecheckout with bitcoinâ, the price is quoted in constant bitcoin- a fixed amount of bitcoin.
How does that fix the fluctuation problems? (Score:2)
Or Do they even care? e.g. are they willing to sit on the coin hoping it goes back up? e.g. are they basically speculating (gambling?) with the price like the traders at that point?
Re: How does that fix the fluctuation problems? (Score:2)
I am pretty sure in that case that yes, they do take it on the chin and you get a good deal.
Remember that you only have a few minutes though, and while bitcoin varies greatly, and example like the one you picked out is either rare or has never occurred.
Remember that the payment processor is taking a small fraction by not giving you spot in the first place- over many transactions, the payment processor will make money, so the rare occasions they lose a bit are no big deal.
Re: How does that fix the fluctuation problems? (Score:1)
Transaction fees are going to the moon (Score:2)
It hasn't hit the fees of the big boys yet, but even now you pay over a buck extra for the privilege of using doge.
Cheaper to keep your gamblecoin at the exchange and just do internal trades there without the nasty blockchain bullshit.
Newegg even relevant? (Score:1)
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Amazon Prime really pushed me away from Newegg. They used to have competitive prices but shipping and hassle of returns made it less competitive. Now Amazon has much greater selection and their returns are painless. With poor quality control of things coming out of China, the ability to return is essential.
The situation now looks very much like the one in 2000, 2008 and probably all the other bubbles before. Many people will get hurt as this bubble collapses. One thing is clear to me - greed will always ou
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When it comes to returns I'd rather go to a physical store like Microcenter or Fry's (R.I.P.). Driving a little ways and getting your stuff replaced or refunded is way less of a pain than having to pack everything up and wait in line at the right shipping store that is affiliated with Amazon. (and Newegg returns are an even bigger hassle). And there is something more confidence inspiring when you can argue with a clerk face-to-face instead of a phone operator. (but that may just be that I can't hear that we
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When it comes to returns I'd rather go to a physical store like Microcenter or Fry's (R.I.P.). Driving a little ways and getting your stuff replaced or refunded is way less of a pain than having to pack everything up and wait in line at the right shipping store that is affiliated with Amazon. (and Newegg returns are an even bigger hassle). And there is something more confidence inspiring when you can argue with a clerk face-to-face instead of a phone operator. (but that may just be that I can't hear that well and phones are a bit awkward for me to use)
I used to agree with you, but we're at the point where I can even do Amazon returns at CVS. It doesn't get any easier.
I'm hard pressed to think of a single brick and mortar store that has better overall service than Amazon. I'm afraid if they want to compete, they'll have to compete, not just whine.
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I stuck with Newegg even into the Prime era because they had better support in the times I needed it and I felt like I was supporting a "little guy" against Amazon. I also liked their work against patent trolls. But since they were acquired by Liaison it seems like things have gone very downhill and it's hard for me to support them anymore.
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I generally agree with you the AMZN offers a better return and shipping policy - especially if you are already a prime member. Newegg though still offers a better shopping experience and comparison tools that are aimed at PC and electronics and therefore work much better than the generic stuff amazon has.
If you know exactly what you want Amazon is clearly the way. If you don't read PC builder rags day and night and you want to order a CPU/MB/RAM/VIDEO and video all at once and know they are compatible; New
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Considering I LOST money in a return that was part of a bait and switch I'll think harder about doing business with Newegg.
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There tends to be more helpful reviews on Newegg than on Amazon, at least for stuff that gamers buy (SSDs, GPUs, RAM). I sometimes find a better price for something on Newegg than Amazon, but that's growing rarer these days. And I usually can browse PC cases easily, but on Amazon the search seems really broken for finding a proper case based on parameters.
Long term I suspect Newegg either goes out of business or is bought by Amazon. Hasn't happened yet so I'll keep using them, but the writing is on the wall
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I was trying to move back to Newegg and away from Amazon because I'm sick of Amazon running the damn world, but then found out Newegg was bought by China back in 2016, and I'd much rather do business with Amazon than genocidal slavers bent on world domination. Whatever you can say about Amazon, they don't own slaves and don't murder people to steal their organs.
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Yes, they are. The reason why is because it's easier to research and select components for computer systems on their web site.
They have, for the most part, the best filter for finding CPUs, motherboards, cases, RAM, drives, etc. Before Newegg, it used to mean visiting manufacturer's web sites for product specifications just to make sure that, for example, the CPU you selected has the right socket for the motherboard.
Granted, I will then take the list and check out the price on Amazon, etc. All things bei
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Yes, they are. The reason why is because it's easier to research and select components for computer systems on their web site.
They have, for the most part, the best filter for finding CPUs, motherboards, cases, RAM, drives, etc. Before Newegg, it used to mean visiting manufacturer's web sites for product specifications just to make sure that, for example, the CPU you selected has the right socket for the motherboard.
Granted, I will then take the list and check out the price on Amazon, etc. All things being equal, I will order from Amazon because of the ease of the return policy. Sometime I'll find the item that I want on sale at Newegg and I'll order from them. Also, there are items that Newegg stocks that you just can't find on Amazon.
The last time I built a computer I did something similar, but I included B&H Photo Video in my search. I ended up buying from all three. I had to buy RAM from both Newegg and Amazon.com, since neither would sell me enough.
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They DO still stock their own inventory (Score:3)
...back when they stocked their own product and sold it themselves, then they essentially turned into eBay and I never looked back.
They opened up the platform to third party sellers to compete with Amazon Marketplace. To filter out the third party sellers, toggle "Sold by NewEgg" in the Power Search. It's the first item listed.
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They are accepting Dogecoin at the top (Score:2)
Foreign influence? (Score:3)
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Newegg's quality has also declined since China bought them. I used to prefer to buy through them, but more often now they are my second or third choice.