TigerDirect made $500,000 in Bitcoin

[farlack]

So lets say they are paying 2% on plastic charges.... 1% for bitpay.  So a 1% saving on every transaction.  That's  $5,000 in added revenue/savings just by accepting bitcoin.  That's pretty cool.

Lets say 1%?? Why should we say such things?

https://bitpay.com/pricing

I went with 1% because thats their basic price package.  Its just a guess since we dont know what package they go with.  It could certainly be less.  Point was they are saving quite a bit of money simply by accepting bitcoin 

At 2 billion in sales, probably more like 0.1%, card merchants will fight for your business and give you lower rates, and at 2 million in profit with 0.1% I can see it being around there. The person who sells the credit card service makes a % can be from 10% and above of all profit made from the transaction % so at 0.1% the person who signed them up will make $200,000 yearly just from the account.

[DoomDumas]

Overstock, for US customer only.. cant pay in BTC when ordering from Canada

Seems to be the same for TigerDirect..  Can find a way to checkout in BTC into TigerDirect.CA 

Let the time passes, hope they will like this new way of receving funds and spread it to other countries

Cya All !!!

[Ashenee]

That's pretty neat.. Wish more retailors will ditch cc card and join the bitcoin movement!

 

[Mr. Socko]

I'd love to see amazon take bitcoin.. I'd start using it for all my transactions just for the heck of it... ditch the credit card and potentially save amazon a bit of money in credit card fees.

[bryant.coleman]

Most of those $500,000 sales were from people who otherwise would not have bought from TigerDirect. Many people made their purchases to use their Bitcoins.

[Lethn]

Most of those $500,000 sales were from people who otherwise would not have bought from TigerDirect. Many people made their purchases to use their Bitcoins.

I think like many others if I come across a store that offers the exact same services as somebody who will only take paper money but takes payment in Bitcoin I'll immediately move to them because there's so much less hassle and intrusiveness whenever you pay with cryptocurrencies.

[bryant.coleman]

I think like many others if I come across a store that offers the exact same services as somebody who will only take paper money but takes payment in Bitcoin I'll immediately move to them because there's so much less hassle and intrusiveness whenever you pay with cryptocurrencies.

Agreed. Here both the buyer and the seller is gaining. And the third party intermediary is eliminated.

[BTCisthefuture]

So lets say they are paying 2% on plastic charges.... 1% for bitpay.  So a 1% saving on every transaction.  That's  $5,000 in added revenue/savings just by accepting bitcoin.  That's pretty cool.

Lets say 1%?? Why should we say such things?

https://bitpay.com/pricing

I went with 1% because thats their basic price package.  Its just a guess since we dont know what package they go with.  It could certainly be less.  Point was they are saving quite a bit of money simply by accepting bitcoin 

At 2 billion in sales, probably more like 0.1%, card merchants will fight for your business and give you lower rates, and at 2 million in profit with 0.1% I can see it being around there. The person who sells the credit card service makes a % can be from 10% and above of all profit made from the transaction % so at 0.1% the person who signed them up will make $200,000 yearly just from the account.

Are you talking about bitcoin payment processors or credit card processors.  I've never heard of credit card companies offering 0.1% fees, do you have anything to back that up?  That sounds way off if youre talking about cc processors , if thats the case than a lot of merchants would have no need for bitcoin as it would actually be more expensive in a lot of situations . 

[seriouscoin]

So lets say they are paying 2% on plastic charges.... 1% for bitpay.  So a 1% saving on every transaction.  That's  $5,000 in added revenue/savings just by accepting bitcoin.  That's pretty cool.

Lets say 1%?? Why should we say such things?

https://bitpay.com/pricing

I went with 1% because thats their basic price package.  Its just a guess since we dont know what package they go with.  It could certainly be less.  Point was they are saving quite a bit of money simply by accepting bitcoin 

At 2 billion in sales, probably more like 0.1%, card merchants will fight for your business and give you lower rates, and at 2 million in profit with 0.1% I can see it being around there. The person who sells the credit card service makes a % can be from 10% and above of all profit made from the transaction % so at 0.1% the person who signed them up will make $200,000 yearly just from the account.

Are you talking about bitcoin payment processors or credit card processors.  I've never heard of credit card companies offering 0.1% fees, do you have anything to back that up?  That sounds way off if youre talking about cc processors , if thats the case than a lot of merchants would have no need for bitcoin as it would actually be more expensive in a lot of situations . 

He just had an anal sex to pull that shit straight out of his ass....

0.1% .... pfft i bet that must hurt.

[browep]

I keep seeing these numbers quoted but not from any real sources.  There is no link to anything from TigerDirect other than the initial press release about adoption.  Furthermore, josic.com seems void of anything reputable and fresh.  I've seen others quote these numbers but nobody seems to have anything actually from TigerDirect.  A quick google news search yields next to nothing corroborating it. Anyone have any other sources?  Maybe something official? 

Or do we have to wait until TigerDirect actually releases their quarterlies?