Flawless Bitcoin payment experience

[Outhue]

I had this dream of building a better PC for streaming purposes and now that I sold most of my Bitcoin for profits I think it is time to make that dream a reality.

So I went on Newegg and build a PC that's up to my taste and paid in Bitcoin, the amazing part was how I was able to make extra Bitcoin from my bill.

I was to pay $1017 for all the PC component but instead I was told to pay $965 with free shipping. I had an old Newegg account so I logged into that on my PC, gathered the same components and tried to pay with credit card but the amount increased back yo $1000+ so it was all because I am using Bitcoin to pay.

Or a Black Friday thing?



Have you ever use Newegg and get extra Bitcoin back in your pocket? A part of me wish that many online stores keep allowing the use of Bitcoin as means of payment, it was a flawless experience.

[Dunamisx]

It not black Friday promo this time, because the price couldn't have changed after using other currency to pay, so I want to agree along that it was intentional to encourage and engaged more users who could use bitcoin for payments, now that you had this experience, they believed you will share to others and they may also pick interest a f thereby promoting their newly added payment medium with the support of bitcoin.

[retreat]

Usually merchants will be charged every time they receive payment by credit card, and therefore when you pay by credit card the price increases. But when paying with Bitcoin, merchants will not be charged any fees because the payment will automatically go to their wallet, so it is natural that you pay less than you should because they are not charged any fees when receiving payments from bitcoin. 

[PrivacyG]

Usually merchants will be charged every time they receive payment by credit card, and therefore when you pay by credit card the price increases. But when paying with Bitcoin, merchants will not be charged any fees because the payment will automatically go to their wallet, so it is natural that you pay less than you should because they are not charged any fees when receiving payments from bitcoin. 

I believe the expectation is exactly the opposite because I rarely see a price reduction when choosing Bitcoin instead of Fiat.  At least in my case on the bigger websites.  Or the merchants may use more expensive prices.  Newegg may be doing this, allowing them a larger margin to subtract from in order to attract Bitcoiners.  After all, it has been many years since I last heard about a big merchant starting to accept Bitcoin so the opportunity is still large.

OP, I have an idea.  Print the Transaction image and put it some where like in a drawer you only check every few years or a time capsule.  It will be a very interesting thing to find in a matter of years after you forget about it.

[knowngunman]

@retreat just explained it better in lay man language. If you're frequent in purchasing items in online stores you would have noticed this price difference in different payment systems. The online stores partner with several payments gateway to create convenient payment system for their customers. These payment gateways have different fees attached to their system. Although, they are likely to be the same in most cases but with slight changes in some cases. It's just like making payment from your bank to someone using same bank as yours which is more cheaper than sending money to someone using a different bank.

[rat03gopoh]

But when paying with Bitcoin, merchants will not be charged any fees because the payment will automatically go to their wallet,

As far as I know, stores that set item prices in local currency typically integrate third-party payment processors like Bitpay to accept crypto. This price difference could be reasonable if both services have a specific agreement regarding their billing structure.

This is also common in my local marketplaces, where different payment methods can offer different charges.

[Die_empty]

I had this dream of building a better PC for streaming purposes and now that I sold most of my Bitcoin for profits I think it is time to make that dream a reality.

Bitcoin is not just a tool to promote decentralisation and privacy but an asset to help people gain financial freedom. It has just helped OP to make his dream come true. I hope you gain success and fulfilment in your new career.

Have you ever use Newegg and get extra Bitcoin back in your pocket? A part of me wish that many online stores keep allowing the use of Bitcoin as means of payment, it was a flawless experience.

Giving such discounts would attract more people to buy and pay for products with Bitcoin. I have not experienced such an offer from any online store. Maybe I could give Newegg a try if I have things to buy.

[Catenaccio]

Have you ever use Newegg and get extra Bitcoin back in your pocket? A part of me wish that many online stores keep allowing the use of Bitcoin as means of payment, it was a flawless experience.

You can use your bitcoins for payments at online stores but don't leave any bitcoin left in your account after a payment. It's best if you use a non custodial wallet for storing your bitcoins, then processing a payment transaction. Remaining bitcoins will be sent back to your wallet, in an old or a change address.

It's a very strong reminder: do not keep your money in online accounts.

Storing your bitcoins or leaving your bitcoins in online accounts is a very risky practice, that is not recommended.

[GreatArkansas]

I was to pay $1017 for all the PC component but instead I was told to pay $965 with free shipping. I had an old Newegg account so I logged into that on my PC, gathered the same components and tried to pay with credit card but the amount increased back yo $1000+ so it was all because I am using Bitcoin to pay.

I think this could also be some price conversion or fluctuation? But that around $40 difference seems high.

Maybe it's discounted because you used Bitcoin, you can see it for sure in your account or receipt. Maybe they are promoting to use Bitcoin for payment.