DailyDealy Becomes Largest Online Discount Store to Take Bitcoin

[Editor's Note: It was pointed out to us by a reader that DailyDealy has reputation online as being a scam site. Our own research turned up no evidence of successful DailyDealy purchases. Deals previously posted by DailyDealy were not fulfilled according to multiple users on the redflagdeals.com. The majority of them recieved a chargeback from Paypal, which has since stopped offering payment processing for DailyDealy. Bitcoin is decentralized and therefore does not have the ability to issue chargebacks. Links to the site have been removed and we advise extreme caution when dealing with this site. The original article remains below.]

Canada-based DailyDealy is kind of like Groupon, but the deals aren’t city-specific and don’t require a threshold of buyers for the “deal” to go through. As of November 1, 2014 they have been accepting Bitcoin for all the products they offer: electronics, housewares, gadgetry, apparel and jewelry.

"We always want to deliver choice and convenience for our customers, and that includes the method they use to buy the products they love," said Ralph Idema, DailyDealy executive chairman and COO. "Bitcoin is becoming a preferred way for some people to transact and we want to accommodate those individuals. Adding Bitcoin as an accepted currency and method of payment is central to our strategy of being a leading edge company." He added:

“Adding Bitcoin as an accepted currency and method of payment is central to our strategy of being a leading edge company."

DailyDealy was conceived as a flash sale retailer for refurbished electronics and women’s vintage clothing. It then grew to become the multifaceted digital discount house it is today. To give you an idea of their offerings, some of today’s deals include a US$100 Shell gasoline gift card for US$60, US$170 Beats headphones for US$89 and US$38 worth of Hydroxycut for US$20. Laptops, speakers, baby toys, home juicers and more populate the list.

The shopping site even hosts its own page all about Bitcoin, explaining to uninitiated buyers that they use Coinbase to generate invoices. The all-time most-watched video about Bitcoin is also embedded on the page for further information.

A press release indicates that DailyDealy intends to convert all Bitcoin sales immediately into fiat, as many merchants do. There may come a time, however, when they choose to keep some of the payments in cryptocurrency (as Overstock does) or even all of them (as many smaller merchants and individuals do).

As a good sign for Bitcoin-holding consumers everywhere, DailyDealy is now among the ranks of Dell, Newegg and TigerDirect in offering high-end electronics for cryptocurrency.

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