Often referred to as digital cash, Bitcoin is a virtual currency exchanged on the Internet and does not require a credit card or bank. Paying with Bitcoin offers many advantages for consumers -- including double-points for most of the branded gift cards at the eGifter Marketplace.
Bitcoin transactions are discrete because every purchase transaction is associated with a Bitcoin address (character string) and not a personal identity. Bitcoin should be treated with the same (or greater) care as your regular wallet, which contains cash.
How to Purchase eGift Cards with Bitcoin at eGifter.com
1. Select an eGift Card and submit payment
At the eGifter Marketplace, choose the gift card you would like to purchase.
Add it to your cart and check out. Select Bitcoin as your payment method:
When you select "Pay with Bitcoin", the system will offer you two payment options:
- Continue to Bitpay: Where confirmations will be gathered and reported on via Bitpay
- Continue to Netcents: Where the transaction will bypass a processor and hit the blockchain
TIP: In Bitpay, we suggest avoiding these options:
- Do not select "Replace-By-Fee" (Bitpay does not support RBF)
- Do not select "Child Pays for Parent" method
2. Monitor your email for a Confirmation Number
Once the payment is submitted, you will receive an email confirmation indicating that your invoice has been paid. It will contain a confirmation.
TIP: You will receive a confirmation email even if your order does not process successfully.
3. Order Success:
The key criteria for order processing success is 6 confirmations on the network.
- If you have an eGifter Account: Login and claim your gift card
- If you use Guest Checkout: Claim your gift card from our system generated email
4. Factors that Can Impact Order Processing Speed and Successful Completion
A variety of factors influence the speed of order processing and completion:
- Larger Bitcoin amounts typically take longer to process
- High volume of traffic on the Blockchain can delay order processing*
- When delays occur like the ones above, orders can time-out or expire
- Incorrect transaction data entry can lead to an Invalid Payment
The conversion of Bitcoin currency to U.S. Dollar currency is sometimes imprecise:
- Overpayments are usually processed successfully
- Any excess funds are automatically applied back to your Bitcoin wallet
- Underpayments are accepted and processed uniquely
- Your original order is cancelled
- A new order is created and the amount paid is applied toward an eGifter Choice Card
- You can immediately use your eGifter Choice Card toward the purchase of any gift card in the eGifter Marketplace
- You will receive an email that confirms your purchase and provides order details
Investigating the Status of a Bitcoin Order
If you need assistance, feel free to Submit a Request. For fastest service, here is the information we'll need:
Bitcoin Transaction ID
- Usually located in your bitcoin wallet transaction history
- It is a set of 64 hexadecimal characters (0-9 & a-f)
Receiving Bitcoin Address: a set of around 34 mixed case (upper/lower) alphanumeric characters (0-9, a-z, A-Z) which starts with a 1 or a 3. For instance:19hw6hdT1rv16abN89kJB4q6m83usjJDdu
- Sending Bitcoin Address and Date, Time, Amount
- eGifter Order number
Monitoring Bitcoin Transactions via the Blockchain
All Bitcoin transactions are recorded in the Blockchain where their status can be viewed in detail.
Drill into a transaction