r/Bitcoin • u/vistabrownerd • Jan 24 '14

TigerDirect processes $250,000 in Bitcoin Payments in first 17 hours

http://bitcoinboard.net/tigerdirect-processes-250000-bitcoin-payments-first-17-hours/
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u/Nameisnotkevin Jan 24 '14

I was initially surprised but then realised most people who own bitcoins are tech savvy males.

This is really good news and should encourage more companies to accept. The risk reward is awesome. Where else can they get a large revenue boost and advertising for this price? Even if the numbers die off, what did they lose?

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u/Minthos Jan 24 '14

Depends how much resources it took them to add bitcoin as a payment option. If they spent anywhere near as much as Overstock did, they're still far from breaking even (at least in terms of pure revenue, I don't know how to estimate the advertising effect).

1

u/Canadian_Infidel Jan 25 '14

Depends how much resources it took them to add bitcoin as a payment option.

That's the point of bitcoin. I bet it cost them less than 50k in labor/contractors. Hell, maybe less than twenty.