Perfect Bitcoin payment experience

So, I had this idea to upgrade my PC for streaming and since I sold a chunk of my Bitcoin for some nice profits, I figured now's the time to go for it. I hit up Newegg, put together a PC that I really liked, and paid with Bitcoin. The cool part? I actually ended up making some extra Bitcoin from my purchase. Originally, I was supposed to fork out $1017 for the PC parts, but then I was quoted $965 with free shipping instead. I had this old Newegg account, so I logged in, tried to grab the same parts and pay with my credit card, but the total jumped back up over $1000. Turns out, using Bitcoin made all the difference. Is this just a Black Friday deal or what? Have any of you used Newegg and scored some extra Bitcoin back? Honestly, I wish more online shops would accept Bitcoin. It was such a smooth experience.

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.

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.

@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.

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.

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. 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.

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.

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.

Not sure why you happened to get some discount but I guess there is probably a hidden tax which the company pays for using credit card for purchase so they couldn't take away the discount when you use such medium of high taxation but bitcoin is probably not taxed that much or it's only taxed with it comes across the banking system so it they have no need for the bank like exchanging their bitcoin into cash then they could give discount to BTC users, to encourage more of it's use. Just the future we was thinking of is now here believe or not.

I haven't bought anything from Newegg. But it seems it's not a Black Friday thing. I doubt they won't offer Black Friday discounts to fiat payments, which is certainly how most of their stuff are bought. It must be Newegg's way of incentivizing Bitcoin payments, so props to them for going the extra mile in pushing for Bitcoin adoption! It would be OP's personal version of Laszlo's pizza. 10 years from now, he/she'll remember he/she once bought a $100,000 PC. But that's not going to be a big deal. All of us will have or already have our fair share of similar experience. That's going to be the story of a currency that gains value over time rather than loses it.

First of all congratulations you have used your Bitcoin earnings to put together your new PC, and received surprise discount. Most likely reason why your Bitcoin purchase cost much less is that Newegg was trying to avoid high costs imposed by credit card firms and gave that money back to you, which is usual reason for retailers giving discount on crypto. It could also have been short time sale only with crypto payment option. This experience shows how great it would be to have more online stores that accept Bitcoin because your transaction was perfect and less expensive than using old ways.

Fiat money loses value over time, while investment assets like gold, bitcoin or even stocks appreciate over time. So not only with bitcoin, if we sell gold, stocks to buy PC or pizza. 10 years later we’ll probably look back and feel the same kind of regret. But that’s life, sometimes selling is necessary because the purpose of investing is to improve and serve life, not to hold on forever until death, while our current life is full of difficulties. Exchanging future value for present needs is a normal thing.

BitPay’s exchange rate is also worse than the actual rate, so you end up paying a bit more in BTC than the value of your purchase. Even so, it was still cheaper to pay in Bitcoin. There is likely some extra fee with credit card purchases, which Newegg passes on to customers, although they don’t seem to make that clear when you are checking out. If you are making a big purchase like this, I would not recommend using a centralized exchange to make the payment. Exchanges don’t always send your withdrawal instantly and if for some reason a refund is necessary, Bitpay would send the BTC back to the exchange’s hot wallet and not your deposit address.

Indeed bitcoin payment is a flawless experience, we have to know that there could be series of opportunities through engaging the use of a decentralized network, the platform may have the intention of promoting for the use of bitcoin, or rather have their ongoing usual promotional offers, but since this was specifically base on the use of bitcoin payment system, they make it more important that their customers had an itchfree experience of engaging the use of bitcoin for making payments and more reasons to do same the next time.

Overall I've never purchased anything with Bitcoin because of regulatory restrictions, and I've probably never tried buying anything online using Bitcoin. Even if the amount goes back up from $965 to $1000, you'd still make a profit of $17, as it would have been $1017 if paid in person. These kinds of promotions are common because they likely encourage payment in other currencies, especially when it comes to Bitcoin. I'm sure this is just their way of encouraging buyers to use Bitcoin or other available payment options.

10 MILLION Dollars per Bitcoin would be simply crazy.  While I would be happy about the price, it would say something very very bad about the Economy.

Paying with bitcoin should be flawless like this. Literally the blockchain on its own already massively capable for flawless payment and smooth experience but it's the payment gateway that sometime feels janky. Good to know that you have smooth experience buying PC from newegg. I think i might try finding some deals for this black friday that specifically uses bitcoin.

I forgot that Newegg still accepts Bitcoin payments. Who the hell uses Newegg anyway? Most people are buying stuff from Amazon or other big retailers. Why did you use Bitcoin for the payment? Do you expect the BTC price to stagnate and not go on another bull run? I would never use BTC for shopping, even if the final price in BTC is lower than the fiat payment options. We have to accumulate more BTC and keep waiting for the 150K Bitcoin price. Shoutout to Newegg for keeping Bitcoin as a payment option. I remember that they were one of the first online stores that started accepting BTC years ago.

As far as I know, Newegg has been accepting Bitcoin since 2014 through BitPay and they often have special discounts for customers who are cryptocurrency users. They do this to encourage people to use bitcoin as a payment method because they also benefit directly from those payments. Because it helps them save on credit card processing fees (which typically charge merchants 2–3%). Additionally, they can incorporate a crypto cashback program and which makes the deal even more attractive to attract customers.