Overstock Raking in $120K Per Week in Crypto Revenues!

Overstock.com, also known as the $1 billion online retailer platform, has shared that accepting cryptocurrencies as a form of payment has been a blessing for them. They also believe that it is a better payment source than accepting credit cards. With credit card payments, buyers can request refunds through third parties, and this can lead to legal issues which make it complicated for the company and the credit card company. Overstock does have an in house fraud department that looks into credit card payments and finds solutions for any issues that may arise. A representative from Overstock said that it is more seamless for them to accept digital currencies, as they dont have high transaction fees and it is quick.With credit cards, Overstock pays processing fees and their fraud department, which comes out to high operational costs. Accepting BTC and ETH for payment does not come with the responsibility of creating a specialized fraud department. The representative also stated that the company is making anywhere from $68,000 to $120,000 in weekly digital currency revenues. This is not a definite number because we all know that the crypto market is volatile. However, these numbers are still pretty impressive. The choice of Overstock to start accepting digital assets, has led their shares to rise by more than 11%.

11 Replies to “Overstock Raking in $120K Per Week in Crypto Revenues!”

  1. Hi! This is my 1st comment here so I just wanted
    to give a quick shout out and tell you I really enjoy reading through
    your posts. Can you recommend any other blogs/websites/forums that deal with the same subjects?

    Thank you so much!

  2. After looking at a number of the articles on your blog, I truly like your technique of blogging.

    I bookmarked it to my bookmark website list and will be checking back soon. Please visit my website as well
    and tell me what you think.

  3. It’s a pity you don’t have a donate button! I’d most certainly donate
    to this fantastic blog! I guess for now i’ll settle for book-marking and adding
    your RSS feed to my Google account. I look forward to fresh updates and will talk about this blog with
    my Facebook group. Talk soon!

    1. This site is to provide information on Crypto Currency and Blockchain Technology. We have other streams of revenue, for example mining.

Leave a Reply

Your email address will not be published. Required fields are marked *

TRENDING TOPICS

Harvard Purchased a Cryptocurrency!

Harvard University has recently bought into a

18 Apr, 2019

The SEC Publishes its Highly Anticipated Crypto Token Guide

Token issuers now have guidance from the

06 Apr, 2019

Subscribe To Our Newsletter

Keep in touch with the latest news and the most efficient ways to trade your digital cash today.