As some of you may have noticed, Dogecoin, Bitcoin and Litecoin are now being accepted at Provident Metals. The new payment method allows online customers to use these Crypto Currencies on all products through a simple and secure process.
“Crypto Currency” appears as an option under “Payment Information” when a customer is ready to place an order. Customers are directed to select Bitcoin, Dogecoin or Litecoin from the “Coin Currency” drop-down menu.
After completing the required fields, links to terms and conditions must be read and agreed to — by checking a box — before continuing. Customers can then place their order and receive a 4 percent discount off the list price by using cryptocurrencies.
Once an order is placed, Crypto Currency users are directed to an invoice page (below) where a QR code will appear. Copy and paste or scan that code to your Crypto Wallet to transfer funds and make the payment. After the payment is completed, a quick refresh of the Crypto invoice page will show a “paid” stamp and the user will automatically be redirected to Provident Metals.
Crypto Currency payments are powered by GoCoin.
A few changes have been made to assist customers when viewing the prices that are displayed in their shopping cart. For example, Crypto Discount Prices have been added to the toggle users view when in their cart — along with the Cash and List price — to help them decide which payment method works best.
Another added feature during checkout allows users to easily navigate the discount listings and see an estimated shipping time on their order. Also, product pages now show the Cash Discount Price only, with users being able to click to see the other prices.
If you’re interested in knowing the exchange rates of Crypto Currencies, visit our website to view the rates in real-time.
Let us know what you think!
**Please remember that Crypto Currency payments can be made ONLINE ONLY — and not by phone with one of our Account Executives.
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Be informed… Please do a net search on “hacking cryptocurrency”… You are talking about a computer stored and generated currency. Its Data, subject to all the same risks as any other data package.
I think it’s a great idea. GoldBug and SilverStacker, please stop listening to all the noise and do your own research on the subject. The classic economist’s definition holds that money is a store of value, a unit of account, and a medium of exchange. While they certainly aren’t hard money, crypto currencies can serve a role in the exchange of goods and services just as well as the $USD does today but without all the baggage. In fact, if more people would them a chance I would feel much better about future generations avoiding the serfdom that’s most certainly to come if this current system is not completely overhauled.
Something just doesnt seem right about a precious metal seller accepting something as dubious and questionable as bitcoins as payment for something as rock solid in worth as precious metals.And bitcoin users get a discount as well?
The jury is still out on cryptocurrencies…at this point for me they are the same as paper money…something with no tangible backing.Yeah I know they are “mined” like metals…but they arent metals.
I agree. People say one of the differences between Fiat and Crypto is that Crypto will only have a limited amount that can be mined and put into use but I bet they will have no problem bumping the limited number up if needed. I might get into Crypto for the transferring money part though since I then don’t have to wait 2 weeks for them to receive my bank draft, since I am an international customer. But it would be nice if Crypto was backed by PM.
It’s not as if Provident actually believes in or cares about Bitcoin. They are simply accepting these Alt Coins and then immediately converting them into Dollars at the point of sale. Just goes to show you the strength of the PM market, or rather the weakness.