Newegg is a new player in the e-commerce retail market. Therefore, there are many speculations and inquiries about whether Newegg is a reputable and safe website to buy products from. Based on the few negative reviews left by dissatisfied customers, many people are apprehensive about buying products from this website. However, a few negative reviews do not tell the whole story; and it is not right to pass judgment on a company. That’s why we have thoroughly investigated the website’s operation, the quality of its products, and the multitude of reviews; to give you the definitive answer to the question of whether Newegg is a safe and reputable e-commerce retailer. In this article, we will be discussing is Newegg legit?
Overview
First of all, Newegg is a reputable website that is very popular in America for buying consumer electronics. In fact, Newegg is so popular that Newsweek named it the fifth-best online e-commerce platform; for buying consumer goods in 2020. That same year, the company ranked #6 on the Digital Commerce 360 Top 500. It is also named in Newsweek’s list of America’s Best Customer Loyalty Programs.
Newegg Brand
Newegg is an online consumer electronics retailer from California, United States. It is best for its cheap and affordable sales of computers and other computer accessories.
Newegg mainly sells consumer electronics such as computers, computer accessories, cell phones, etc; but the company has since expanded to include other items such as clothing, housewares, and tools; and not only that but also sports and fitness equipment, and others. A few years ago, Newegg’s customer base was mainly in the United States; but now the company has customers all over the world.
Newegg was founded in 2001 by Fred Chang. However, a Chinese company called Liaison Interactive holds a majority stake in Newegg after taking a financing stake. This e-commerce retail giant now has offices in Canada and the US and operates in 20 countries.
Reason behind the name Newegg
The name Newegg may be confusing to many; as they might think that the name stands for a company; that deals in eggs or sells oval items that are shaped like eggs.
But it does not. The name Newegg represents the birth of a new e-commerce retailer with infinite potential; giving hope to online retailers in the tough times that online retail startups are living in.
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Why is Newegg Cheap?
The retail prices of products at Newegg are far cheaper than the actual market price. The reason for the low prices is that Newegg sources products directly from manufacturers; and sells them to consumers and businesses. There is no middleman to cut corners; which is why they are able to offer their products at a lower price.
The company has also seen a steady growth in sales over the years; which allows them to offer deep discounts to their customers and offer their products well below the average market price.
This is another tactic it uses to stand out from other e-commerce giants like Amazon and BestBuy. This has helped the company build a loyal customer base and increase its market share. The company also has an initial public offering, which has earned it millions of dollars with its shares.
Newegg vs Amazon — Comparing which is cheap
Consumer electronics and home appliances are much cheaper at Newegg than Amazon. That’s because Newegg deals exclusively in consumer electronics; focusing on tech hardware that’s hard to come by even for retail giant Amazon.
However, it’s not like products are always cheaper at Newegg.
For some products, Amazon has better deals than Newegg; so they essentially cancel each other out due to fierce competition and low margins. Although Newegg has an advantage over Amazon in terms of price and affordability; Amazon offers better customer service, delivery service, and return policy.
Are Sellers on Newegg reliable — Is Newegg Legit
Newegg sellers are reliable because the e-commerce retailer constantly evaluates the performance; and also the quality of sellers based on feedback from customers and idle time before delivery.
Newegg evaluates sellers on its platform using the “pre-fulfillment void ratio; a metric that indicates the ratio of orders not completed by a seller to orders successfully delivered. This ratio must be kept below 2.5% by every seller on the platform or face penalties.
Sellers are also rated based on customer reviews left by customers who have purchased products from sellers on Newegg. Sellers with a rating of 4 or 5 are highly reliable; while a seller with a customer rating of 3 can be considered a decent seller. However, sellers with a rating of 1 or 2 should be considered bad and you should not buy from them.
Customer ratings and reviews are genuine and cannot be manipulated by the seller. This makes it easy for customers to decide which seller they want to buy a product from. Contact information can be obtained by clicking on the seller’s name on the product page.
Paypal on Newegg
Yes, you can use PayPal at Newegg. The company accepts multiple payment methods, including the PayPal payment processor. However, the company restricts the use of PayPal in the United States of America for purchases; such as subscription orders, on-demand orders, and backorders.
Is Newegg a safe and secure option? And Is Newegg Legit ?
Newegg is a secure website for purchasing products. The website has SSL protection that secures your online transactions. Your credit card details that you provide during payment are also secure and cannot be accessed by hackers.
We have not found a single complaint about the payment methods integrated into the platform. No one has complained about an illegal fee or an insecure payment environment. Newegg also offers a return policy for customers who are not happy with the products; or who have changed their minds after purchase.
Deleting your Newegg Account
If you no longer wish to make purchases on the Newegg website in the future; you can thus delete/close your account with Newegg. However, there is no direct way to delete your account from the website.
To delete your Newegg account, you must notify the company through the Help Center or by email. To close your account through the Help Center, follow the steps below:
- Open the Newegg website and click on the Help Center link in the upper right corner.
- Scroll down and you will find the contact form titled “Chat with us”.
- Now enter your details, select “Account/Other” as the contact topic; and indicate in the form that you want to close your Newegg account.
The second way to cancel your account is to send an email to service@newegg.com; requesting the cancelation of your Newegg account and giving a valid reason for the closure of your account.
WRAPPING UP !! — Is Newegg Legit ?? ~~> ~~>
In this post, thus we see what Newegg is? What type of brand is it? Its brand value? It’s foundation story? Not to say we also see a detailed comparison with Amazon? We also get our answer if Paypal is active on Newegg; not to forget Is Newegg Legit. Therefore, this post is in hope and anticipation that it suits you well. Also, hoping that it helps you in your endeavors and tides over your issues. Until next time, see ya !! Goodbye !! 🙂
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