Tiger Direct goes live - taking Bitoin now

[Musent]

I see many more companies taking BTC now.

[pungopete468]

I had to re-buy the coins I spent at TigerDirect because its too painful to watch my BTC balance go down like that. lol

Luckily I bought them back at a lower rate than I converted them at TD. I guess I got myself a discount!

[Sutters Mill]

I had to re-buy the coins I spent at TigerDirect because its too painful to watch my BTC balance go down like that. lol

Luckily I bought them back at a lower rate than I converted them at TD. I guess I got myself a discount!

Well played sir. The beauty of Bitcoin 

[CoinHeavy]

Does anyone know what the annual revenue of TigerDirect is?  I can't seem to find a consistent answer online.

[Johnny Bitcoinseed]

TigerDirect says that after just one day of implementing Bitcoin, something like $250,000 in Bitcoin sales + 30% increase in store visits.

What's more, TigerDirect.com pays no credit card fees when items are purchased using Bitcon!  Get to pocket an additional 2 to 3% of sales.  That is huge - we're talking $6000 +/- extra profit going to that company.

Overstock.com clocked $130,000 worth of Bitcoin sales in one day.

[Sutters Mill]

TigerDirect says that after just one day of implementing Bitcoin, something like $250,000 in Bitcoin sales + 30% increase in store visits.

What's more, TigerDirect.com pays no credit card fees when items are purchased using Bitcon!  Get to pocket an additional 2 to 3% of sales.  That is huge - we're talking $6000 +/- extra profit going to that company.

Overstock.com clocked $130,000 worth of Bitcoin sales in one day.

It's hard to think that more big companies wouldn't want to get in on this.

[compro01]

Does anyone know what the annual revenue of TigerDirect is?  I can't seem to find a consistent answer online.

No idea on TD itself, but according to their SEC filings, Systemax (their parent company, who also own Circuit City and CompUSA, among others) had a total sales of $3.544 billion USD in 2012.

[Johnny Bitcoinseed]

TigerDirect says that after just one day of implementing Bitcoin, something like $250,000 in Bitcoin sales + 30% increase in store visits.

What's more, TigerDirect.com pays no credit card fees when items are purchased using Bitcon!  Get to pocket an additional 2 to 3% of sales.  That is huge - we're talking $6000 +/- extra profit going to that company.

Overstock.com clocked $130,000 worth of Bitcoin sales in one day.

It's hard to think that more big companies wouldn't want to get in on this.

Yes,  investors should be ringing the phones off the hook trying to get the companies they are invested in to start offering Bitcoin payments.

[Philj]

I bought a Blu Ray burner and some BDRs so I could contribute to their initial 24hr number. I'm hoping that others like newegg or amazon take notice of these decent 1 day totals and get their BTC accepting plans moving.

[PsySec]

tigerdirect.com down? too many btc shoppers?!

[Phinnaeus Gage]

Damn, I which this would've came out prior to me going with Overstock, for I could have used the tiger angle to go hand-in-hand with the bronco, seahawk and fox symbolisms. The only saving grace is that Overstock has Seattle Seahawks merchandise.

[keithers]

since most of the major companies that are accepting bitcoin are immediately converting back to their local currency, it seems as though it does not really affect the overall price of bitcoin + or -.  Prices seem to spike initially based on the news that a large corporation will accept bitcoin, but it doesn't seem to sustain the value of bitcoin at a higher price.  Not complaining obviously, just an observation.

[BittBurger]

http://www.tigerdirect.com/bitcoin/

Its funny.  It used to be that news like this would make the price jump $200....

Now.... ?  not even a jiggle.

[Sutters Mill]

http://www.tigerdirect.com/bitcoin/

Its funny.  It used to be that news like this would make the price jump $200....

Now.... ?  not even a jiggle.

We need something big! C'mon Amazon! If this is the case though, how will Bitcoin ever increase its value if companies aren't holding it? Apart from other factors, like it becoming more widely recognised of course.

[raskul]

http://www.tigerdirect.com/bitcoin/

Its funny.  It used to be that news like this would make the price jump $200....

Now.... ?  not even a jiggle.

We need something big! C'mon Amazon! If this is the case though, how will Bitcoin ever increase its value if companies aren't holding it? Apart from other factors, like it becoming more widely recognised of course.

I dunno, I think that you will find...the more outlets use bitcoin, the more stable you will see prices, not peaks, not forks, but stability.
And stability means slow reduction in price, followed by slow increase, which is what we are currently seeing.

In my book, we now have (on the exchanges) a stable stock/currency which will require nothing more than mass volume transaction to make prices rise.
You'd need a country beginning to use BTC as their prime currency for any ind of big leap, I don't think you'll see much more of a rise with more retail outlets adopting...

I'm a realist... and also an optimist, and if we get up beyond $1200 again, it'll be on the back of volume transactions in the marketplace (not exchanges).

So, in my opinion, it's time to just keep doing what we do, sit tight, spend our bitcoins and carry on mining.
personally, i'm in it for the long haul, and will continue cashing out / spending the bitcoins i've mined, to me, BTC is already a fiat currency and all I want to do is keep the network going and pass on those BTC to people who can use them.

[aasl]

this is really good news!

[frajervitalny]

moving forward 

[takagari]

how long until newegg.ca and ncix follow

Only tigerdirect.com is currently taking bitcoin.  Tigerdirect.ca isn't at the moment and their support has no info on if/when .ca will.

BOOO yeah fuck Canada Dicks.

[BitchicksHusband]

OK, I bought something on TigerDirect.com with bitcoin (I think).  This process wasn't at all smooth.  

First, I had to enter my entire billing address complete with e-mail address and phone number.  Do these guys not understand bitcoin?  I might be using bitcoin because I don't want to be tracked (and added to spam and robodialer lists) like that.

Then, when I clicked "Pay With Bitcoin", it dumped me to an error page in the browser with a web address of:


bitcoin: 16wk1NQZJUuizMGnZe8NnpP2rN8QZHb94E?amount=0.0501


And an error page in the browser saying:


The address wasn't understood

Firefox doesn't know how to open this address, because the protocol (bitcoin) isn't associated with any program.

    You might need to install other software to open this address.


I don't have any wallet software on my laptop and I planned on spending coins from my Coinbase account which is where I keep a small amount of bitcoin spending money.

I, of course, send .0501 bitcoins to that address from Coinbase.com, but if a "regular" customer had this happen there is absolutely no way they could complete the transaction.

Overstock.com's checkout through Coinbase was so easy I couldn't believe it.  This was so difficult that it was practically a major fail and I still don't know how to tell if they have received the payment or not.

But if this happened to a "regular" customer, it would not have been a success.

BTW, don't click the link above.  OK, I added a space in the link so people don't accidentally enrich Tiger Direct at their own expense by clicking the link.


Update: I did receive an order confirmation, but it doesn't say whether payment was received or not.  Also, since I checked out as a Guest, "track your order" doesn't work even though I have all the information.

Update: The agent says that a person manually applies the credits to your account after going through bitpay's logs.  This obviously means you are likely to have a slight delay on your order compared to traditional payment methods.  Also, he said that I'll know when the payment was applied when I receive a tracking number.


All in all, a VERY frustrating experience compared with the ease of use at Overstock.com.

[pungopete468]

I've bought from Overstock and TigerDirect and it went smoothly for me...

Just clicked show address; then sent the coins from my personal wallet to the address; then clicked the bitcoin button and it verified the payment.