Bitcoin Forum

Is it a business reason? Or perhaps the complexity of bitcoin accounting creating potential issues?

What do you think?

Could have several reasons.The negative image of Bitcoin for instance.Or maybe they are waiting for a scaling solution.
Another possibility is they just could create their own coin or accept one the planned bankcoins.Sooner or later we will know in which direction amazon will go.

They will probably accept ETH before bitcoin.

Because user Bitcoin very little compared to the existing means of payment, they also still have doubts for BTC to receive payment, it would indeed be a big problem for us, but one day amazon.com will definitely accept the BTC as means of payment

Merchant acceptance has hardly been a bonanza anyway. Why would they give up their time and publicity for something that probably wouldn't make them any money?

What might make them money is being able to sell to countries with little or no conventional banking, but those countries don't have any adoption and shipping and returns would be a nightmare.

Maybe a business reason.They may not be aware of bitcoin potential or may be afraid of the fluctuating nature of bitcoin price..Besides this I cannot think of any other reason.

Amazons sales funnel is extremely optimized and unfortunately adding Bitcoin will simply degrade the user experience for most customers. Giving more/too much choice leads to confusion and less customers coming through funnel.

The amount of Amazon customers that use bitcoin and would benefit is negligible to amount who don't.


Essentially we want places like Amazon and wikipedia to accept bitcoin because it provides free advertising for us at Amazons expense.

For me, amazon didn't use bitcoin for his payment because it has a relationship with many countries didn't use bitcoin become their currency or make bitcoin legality in their countries . it will become a serious problem because it has a relationship with regulation's government . so, amazon doesn't want to have a problem because that . finally,  amazon didn't accept bitcoin become one of their payments until now.

Also I believe Amazon themselves are payment processors. That being the case they're not going to be into farming out to Bitpay and friends. No shortage of gift card options which are good enough for me. 

Cost of implementing BTC payments likely outweighs potential benefits.
Amazon has the lowest prices on most of the products, so they don't really need Bitcoin to attract new group of customers as these will use Amazon anyway, either paying fiat, using purse.io, or just buying Amazon gift cards with bitcoins.

waiting and watching

This is the perfect explaination of why amazon do not accept bitcoin.

Anyway we do not care about this, because through purse.io or buying amazon gift card you can easily use your bitcoin to buy every thing on amazon shop.

Could be both but they already had their own so I guess they do not want to add yet but who knows with Bitcoin popularity,many of their clients will clamor for bitcoin to be added ..

I dont think so that this can be the reason. Amazon is most popular site and they can start transactions in bitcoins in larger interest of the public and also themselves. Maybe they are giving some more time to bitcoin and waiting for its price stability. Currently its price go UP and down so uncertainly and that might be the reason they are not using it now. One thing is sure that one day they will have to start using bitcoins seeing the interest of the general buyers and they cant ignore that.

Who cares?  I'm perfectly happy buying stuff on Amazon with fiat.  If I had bought something last week, I'd be kicking myself today because of the price spike.  And that about sums it up as to why bitcoin is a lousy currency.   Stop pretending it isn't.

May be Amazon think, that BTC user base is not large enough for them, they just wait and then implement Bitcoin as payment.  ;)

I think they resisting to use the bitcoin for payment because it has a bad image to government because other they use it in illegal there a chance that if they accept bitcoin in their payment option they can include in many case in darkweb. If the company can include in that case theres a chance that many of their costumer dont buy in their online shop so if i am the owner of that company i wouldnt accept bitcoin as a payment.

it would have been great if they just accept btc. with bitcoin logo on their pages, it will arise interest to the people. maybe they won't resist if they use altcoin such as ETH? :) it don't have a bad rep so far.

anyway, they could have earned a lot if they just used bitcoin now that its price spiked.

Usually when you are merchant or a store which accept bitcoin you don't stash your coins but you exchange it right away to FIAT. So fluctuating nature of Bitcoin has nothing to do with it.

Actually I think after Steam accepted BTC other big companies are just waiting to see how that move will affect Steam in the long run.

1.No it is not the complexity of bitcoins,matter fact,bitcoins is much simpler than other amazon payment methods.
2.Yes business reason is correct,right now amazon support different electronic payment methods depending on the country you're from .For India,it supports Paytm and other few wallets I guess.
3.If they completely replace their payment structure,they might face a serious business loss as most of the people are convenient with paying by traditional methods.
4.Bitcoin could be added as an alternative payment method ,but hey, will the 3rd party service accept that payment ? Depends highly on that.Even if amazon accepts bitcoin payments,the sellers should accept it too!

This is a corporate decision not to at this point of time,maybe the big bosses are not yet open to this kind of system because of the controversy surrounding Bitcoin,one experts on Bitcoin should be the one to explain how Bitcoin really works and why should they accept it..

They are pussys. They are scared to take the step, so they are waiting for all the big companies to do it first. Steam is already in the game, next will be Paypal as we have seen that they are already getting patents to accept Bitcoin, even Dogecoin may be accepted.

After Paypal, Amazon will be forced to deal with it and jump on the winning team.

They want more people using it i guess, they mainly just want solid trade vehicles so buyer and seller are happy.  They then take a cut, everyone wins.  I think we will see paypal full into bitcoin pretty soon.

They opt for payment options where customers can do chargebacks and where extra services can be charged to make up for those faults. How nice is it, if your payment option have features where the

customers can lose money and where you can milk that threat and charge them extra fees {insurance} to cover that loss.  ::) We also do not know what backroom deals these services has with other

payment methods.  ??? ??? ??? ...Just imagine what profit is generated for banks and PayPal, if everyone use their service.  ???

from my thought,they're still worried about bitcoins fluctuating characteristic,when their user paying a stuff through bitcoin the price can be suddenly changing even the money automatically exchanged to FIAT when the user done sending the money(bitpay)

Right now Bitcoin is not popular enough to be considered by Amazon as one of the payment options. How many Bitcoin users are there who use the crupto-currency regularly? Out of the 100,000 or 200,000 users, less than 5% are regular users. That means that just around 5,000 or 10,000 individuals who are interested in making their payments through BTC.

I think they dont want to involve in bitcoin, And the price of bitcoin isnt accurate, But i think sooner in the future they will accept bitcoin as payments

I am surprised Amazon has not accept BTC and it is difficult to understand.

I can perfectly understand why eBay has not because it is sleeping with Paypal.

They're still resisting to it simply because Bitcoin is still something so small compared to the rest.

The market capitalization of BTC is 8 billion,
What is the market cap for Paypal?

There are several possible reasons but I do think that the bitcoin adoption is still in probably experimental stage. They're probably looking into Steam's progress whether it becomes successful or not.
 
Although I'm pretty sure they'll be forced to adopt bitcoins as well as soon as 'the bigs' also starts accepting bitcoins.

Do you think Amazon introduced "Amazon Coins" as a feeler for crypto currency?

http://www.amazon.com/gp/feature.html?docId=1001166401

What are Amazon Coins?
Amazon Coins are a digital currency (100 Coins = $1) that allows you to buy Android apps, games and in-game items for less. The more Coins you buy, the greater the discount.

Where can I spend coins?
You can spend Amazon Coins, like money, on apps and games from the Amazon Appstore. The Appstore is available for your Android phone or tablet, including Fire tablets.

yes we know about it,amazon gift card just like payment for people to buy something on amazon,but i think next year or next 2 years,amazon will start to interesting to bitcoin,will be great news if that really happen.

Or perhaps it is due to legality issues in certain countries?

There are so many possibilities. Perhaps there are refund concerns when people buy goods when bitcoins prices are high but chose to refund when prices are low to game the bitcoin gains?

Amazon is also a listed company. Concerns with SEC?

I think the main reason is that Amazon managers think that there won't be much interest from people purchasing stuff off Amazon with Bitcoin and there probably won't be enough completed sales to warrant the inclusion of a 3rd party payment processor like BitPay that will handle the Bitcoin transactions. Or perhaps the current volatility of Bitcoin isn't very attractive to them even though this can be easily remedied by exchanging the crypto for fiat at the current rate upon the time of purchase. But I think the main reason is just that Bitcoin won't create enough revenue on their platform as people tend to use it as a store of value and not as a digital currency. 

i think it is mostly because of the anonymity of bitcoin versus money. when you are trading on amazon buying or selling when you use fiat you can be traced and so they might be afraid if they add bitcoin the number of frauds might increase.
although i think it can be easily prevented and i am just guessing that is the reason.

But if u purchase items on Amazon, the anonymity is reduced. Amazon or seller need a delivery address to send the goods.

Amazon's core business principle is to keep things simple and not to do anything unless their customers clearly indicate that they want it. Perhaps, they don't yet believe that BTC is such a must-have for the bulk of their customers. Probably rightly.

I think that companies like amazon are not accepting bitcoin for selling products due to its uncertain price movement.

The price of bitcoin can go upside down within one or two days. This kind of fluctuation in price is not good for business. Initially everyone hopes that bitcoin price will increase only. But for a business a contingency plan needs to be there if the price goes down. That is what stopping companies from accepting bitcoin.

That's a good joke.....WAIT.....you're being serious?

Amazon will likely accept LSK before ETH.

Perhaps the Amazon market specialists have analyzed the Bitcoin market and found out that the demand for Bitcoin payment options wasn't that high so there wouldn't be a reason to implement Bitcoin payments right now because that wouldn't affect their revenue stream much if at all. If the Amazon customers had clearly demanded that Amazon should add Bitcoin to the platform and the transactions would account for a substantial amount of their revenue I am pretty sure Amazon would have done this already.

Amazon is a huge website and reason why Amazon is not accepting Bitcoin is just because Bitcoin is not on that level yet. It is true that Bitcoin is becoming bigger and bigger but Amazon does not need Bitcoin. Amazon is already successful.

One reason why Amazon is not adopting bitcoin just yet is because it's not meeting the demand it needs to have on Amazon. The people using their platform just doesn't have any issues with fiat and does not demand bitcoin. If the people demands it, they will adopt. Or at least they probably would.

I assume them getting afraid of how to handle refund claims but they may implement built in escrow feature in their platform later on to start accepting bitcoin payments and easily handle refund claims just like they do with paypal transaction.

Why would anyone care whether Amazon accepts bitcoin or not, if we already have Purse.io?

My fear is that Purse will fold if Amazon ever does accept bitcoin. I've gotten hooked on saving 15-25% off whenever I need to get something from Amazon via Purse.

I dont think amazon need Bitcoin payments right now, amazon is big enough already and they dont mind loosing few orders which integrating Bitcoin could bring. So I guess not worth the effort, especially when you can use purse.io to buy amazon vouchers instead.

mainly because people would try and take advantage of the bitcoin price volatility and get products for cheaper. people would buy tons of stuff when the price is max. and amazon would be stuck with a low amount of btc.

You bet. I've heard Amazon have a team of 2500 people who monitor the alt section on here so they can add new coins before they go down the shitter.

They don't take gold either.

Bitcoin is still a shady business to many people. They probably don't want to be remembered anything related to a "shady business".

We all know you can buy every kind of drugs with bitcoin like we also can do it by paying US Dollars but you gotta admit, we also like bitcoin because it is not a god damn government invention. We like it because it resembles "bittorrent". (name and use wise)

We like it because we don't wanna pay taxes. (at least, most of us)

That's why they don't like it.

What about Microsoft, Steam, Overstock and many others? They clearly don't believe that or care.

Among those companies, Micrsoft surprised me the most by accepting bitcoins. Steam is a geek company just like us, no surprises there :) I don't know much about overstock, in fact, i just heard it thanks to you.

Yeah those companies don't believe that "shady business" thing which is a good thing for bitcoin. I never denied that. But it is what it is. Many companies still don't like bitcoin.

Dell, Microsoft, Overstock, Steam. I wonder are huge Russian e-commencement sites are accepting BTCs? Non-Russian speaker here. I am unable to find out. :)

actually steam accepting bitcoin was so surprising to me. because they didn't suddenly decide to accept bitcoin overnight.

there has been so many requests from their users asking them to add bitcoin payment method and it took them a couple of years to finally accept it.

you can still find the topics on steamcommunity forums of people asking them to add bitcoin back in 2013 or even older.

The main reason behind not accepting bitcoin as a payment alternative is its dynamic price.

bitcoin price is changing every moment and it is hard for a company big like amazon, to take exact price for a product with this dynamic environment.

Also it is not good for the buyers because, they might end up paying more for a product. My suggestion is that, hold your bitcoin. Don't buy silly things using it.

An amazoncoin or a bankcoin will never work, a closed centralised ledger with no real value other than that assigned by the organisation is not what people want.  They are probably holding fire until they see how this whole bitcoin thing pans out.

I am guessing gamers have kickass graphics card and computer systems for them to play games and they use their system to generate bitcoins when it was way easier in 2013. It's a natural progression for them. Hey, gamers probably hold a lot of bitcoins.

Perhaps they are afraid of bitcoins, the volatility of its price especially in my view, a small fall or rise can have serious consequences on their income, especially for a site like Amazon.
But if the Bitcoin grow, and they see that their competitors have accepted it, they probably will accept it.

Interesting question. I bought a lot of things from Amazon. I always use giftcards purchased using Bitcoin to shop at Amazon. Last year, in a thread similar to this, I said that Amazon.com should probably be accepting Bitcoin in the coming years. Well, I do really hope that what I said will be true. Paypal, Credit card or whatsoever payment method is just too bad for online merchants - at least from my perspective.

When the Amazon accepts the bitcoin, there will be lots of transactions. 1 MB block size is not enough. This will cause bad user experience.

I don't know why you said it is bad for them as these payment methods will make things convenient and fast ,you don't need to drive or go to a place to just pay for what you want to buy in Amazon . The fee is acceptable as it will give you a comfortable way to buy things online and it is acceptable by the government for too long.

And for the topic I think Amazon will just wait for BTC to be regulated or somehow stable which the BTC is not for the meantime. The price is not predictable at the moment it would sometimes spike or somehow goes down unlike fiat.

I think its impossible that amazon will accept bitcoin as payment because amazon is just like a market the owners of the product is not amazon so if they use bitcoin as payment they can not reverse the payment once the product shift to your country and if your receive product fault or not your order you can not reverse the payment..

We don't assume Amazon is still resisting to bitcoin for using it become their payment, Not only a business reason maybe it will have a more risk to accept bitcoin become their cash for now because there is no guarantee of legality for bitcoin.

Amazon isn't resisting anything. There simply isn't enough consumer demand to justify integrating bitcoin into their payment platform.

Consumers aren't going to take time exchanging fiat to bitcoin so they can then buy an online item they could have already bought with fiat. That's never going to happen. As a community, I think we're too fixated on putting the cart in front of the horse.

The best way to get merchants to accept bitcoin, is to make the consumer side of the equation make sense. This can only be done by educating the public about the importance of payroll/wage integration. Get paid in bitcoin, spend bitcoin. That's the best route to merchant adoption.

~~

Amazon will not accept bitcoin because they want viable and traceable payment while bitcoin can be easily mixed and you can not know the address holder. also they have their gift card system so why would they think about accepting btc ?

Getting paid (wages) in bitcoins is a strange idea. I could be getting paid less due to violatiblity. I am not sure i would do it.

But getting paid in bitcoins is simply getting paid in another currently, imagine yourself getting expat pay in other countries.

But i won't accept bitcoin as my currency for wage.

I think the first reason why amazon is hesitating to use bitcoin for payments is the block size limit, blocks are almost full and it needs more space if amazon will implement it because the number of bitcoin transaction will be increased too much. Another issue that i think is the instability of the price, long waiting time of confirmations etc.

i guess they want their own cryptocurrency or something like that and they dont want to be dependent on bitcoins at all

though i hope that sooner or later people will go on bitcoins as it would be easier to use amazon

Paypal recently has applied for patent for crypto payment. I wonder if this put pressure on Amazon.

Amazon have a protection policy whereby the refund money for items not as described by 3rd party sellers
the 3rd party sellers then have to prove that they have offered the goods or service.
I think this will be harder to implement with btc

I think because  bitcoin can be a huge scam  if they take bitcoin as their payment if someday bticoin will stop , it will be a huge loss on their business

Because they do not like such payment and they are also thinking that the bitcoin is still just a investment and a currency that is not popular.
Soon or later this will change and they will accept it.

When the daily volatility of the bitcoin price is similar to that of the US dollars and Euro, I think Amazon will accept it.

I think that BTC is too anonymous for amazon which is why they are still resisting the use of BTC.

Yeah. Perhaps they still want to use other payment methods just because they offer a bit more control. They want control over everything, and gain every bit of detail of their customers, I guess.

But eventually, they will be forced to get into the BTC business.

This is not really a good excuse not to support Bitcoin transactions. Amazon always had the option of refunding payments to your giftcard balance and not necessarily always to the source of payment. In fact, refunding to your giftcard balance is instantaneous but to your credit card could take days.

Also with 3rd party sellers I would assume that they will receive the payment in fiat regardless of whether they buyer uses BTC or other forms of payment.

i heard something that they wanted to release their own cryptocurrency so i guess that might be the case, though i cannot find anything about that right now, i guess the time will tell what was the case

Credit Card payments don't take long and I was told by Amazon that it takes just 1 day but cash payments take 2 weeks. Bitcoin payments also can be instant but they aren't finding users who want to have such a payment method checking its stability and confirmation time.

It has probably been up by their internal teams on a few occasions, sadly Bitcoin gets a lot of negative press.

But is in its initial stage and now it need more success and for that we have to support it more and have to promote it to everywhere , and when bitcoin become an established currency, it will be accepted by al the big companies.

Really? I'd love to know if they really are planning on doing that. I'm sure it's going to be profitable altcoin and good for us traders.
Nonetheless, I would also love it if amazon would start accepting bitcoins.

I think Amazon like other trading platforms still think that's risky to use BTC for payment to protect the customers as Bitcoin's user is anonymous as known. But i hope they change their mind about this soon.

yes it may be. but i think it is also possible that they have so limitation with it. it may have so bad effect on their business. or may one  be their internal reason that they do not want to disclose. other wise there is nothing wrong in bitcoin that can compel some not to use bitcoin.

I think amazon thinking, why should use bitcoin which we know has an unstable price fluctuations and not to mention issues about bitcoin. I think they prefer the old way that they have done from the first. Thank you

We can just guess why they still didn't accept bitcoin as payment method. If I can guess anything I would say its cause bitcoin is not stable currency and cause still many people didn't hear about bitcoin. Bitcoin need to become much more present in this world and among the people of this world. Of course there is always a question of bitcoin used for illegal purposes. There is many other reasons for sure, but I think over the time that will change. Bitcoin is more present now then 5 years ago, for 5 years we can expect even more people to be familiar with bitcoin and blockchain. Community is growing and that will make Amazon to question their decision.

I think the main reason is bitcoin's price volatility. If they adopt btc they could easily end up having thousands of btcs. That makes a $20 drop a huge loss. For that reason they would have to immediately change their coins for fiat. I don't see a serious reason for them to bother and begin such a process, at least for now with a still under development coin. In the future they will most probably accept cryptos.

Just like why newegg stopped accepting bitcoin. It is just not part of their "business plan"  ::)

BS plan if you ask me.

Amazon.com doesn't like bitcoins nor will it anytime soon accept bitcoin payments. They had conducted a survey few years back and they found that customers don't consider it as a good payment method. We need to accept that bitcoin isn't that popular among masses and if Amazon cannot find a decent number of people using bitcoins, they won't introduce it as a payment method.

They did once upon a time then stopped .!!!

It's not taht just Amazon don't accept payments in bitcoins, there is many other big companies and many more people out there who are still suspicious about block chain technology. Probably not just suspicious, also doubt and fear from something totally new.
Bitcoin exist less then 10 years, and for this time bitcoin made a huge success. From zero to 650 $, and so many people involved bitcoin have potential for more. I think all bitcoin needs now is stability and to survive next 10 years, that will open the door to the shiny future and there everyone will accept btc like any other currency.

Well it's hard to accept bitcoin as payment to such famous online shops such as Amazon since bitcoin is mostly known by people as a illegal online money due to it's anonymity and it being used illegally such as Deepweb. Even other country consider bitcoin as illegal.

i never knew about it.when did amazon accepted bitcoin ? are you just bluffing or what. i am purchasing from amazon for a very long time and i never noticed the option you are telling

I think it's because it's harder for amazon to make bitcoin to dollar. Or maybe it's because bitcoin got a lot of bad names in the news, they're not convinced enough to use bitcoin.

Eventually they will cave and accept bitcoin but i know eBay users are very wary of bitcoin or certainly the ones I've dealt with. At least if Amazon accepted it i don't think it would take bitcoin much higher but it could do long term.  It would certainly improve adoption somewhat but i guess if amazon had any concerns then they wont.

I think even though they make new cryptocurrency specifically for payment on their own sites. still more cryptocurrencu will not be able to win against bitcoin I'm sure it

not only amazon but there are so many other trading platform who are resisting bitcoin. but i am sure that the time is now not too far when they will do advertisement to be trade from their plate form. i it is not a big issue now and all these isssues will be solved very soon.

Though Amazon does not currently accept the use of bitcoins directly on their website, but you can use bitcoins for Amazon product purchases by using your wallet to buy an Amazon digital gift card. Tom Taylor considered using Bitcoin he says Bitcoin isn't currently accepted as a currency in the US, China, Russia or India. It exists in a legal gray area where it's not legitimate, but not outlawed either.

In my assesment, that is obviously business reason. As far as I know Amazon.com have their own credit cards while Bitcoins don have.
But I do believe in the long run whether they like it or not amazon.com will adopt or accept bitcoins. :)

They don't want BTC in their ecosystem and will delay its adoption as long as possible. My guess is they would rather develop their own cryptocurrency then use Bitcoin.

AmazondotCom will adopt it in future but i think they studying bitcoin stability. Because this is a business the manager want to dont loose money so if they accept bitcoin. They need some good at bitcoin trading so that they can solve some issues about bitcoin. Because there have some issue about the price of bitcoin will dump so their money will loose and they need to wait more time to get back the price of bitcoin.

It might just happen. Because I noticed that all of the online store will want to get a bigger profit in harnessing the opportunities that exist. But I think it will have no impact positive for amazon, because bitcoin is a currency that is already extraordinary

Regularly you can experience at least a minor fluctuation in the price. This fluctuations indirectly make variations in the shares and stack of the company. I believe for this reason Amazon still resisting use of bitcoin into their business.

Yeah i agree with you, in the near future they inevitably will definitely add bitcoin as a payment option. But it is still not we know for sure, and I think amazon not add bitcoin for large companies like Amazon are afraid to lose if using bitcoin. because we know that bitcoin prices is fluctuate. And certainly, without bitcoin they still get a big profit.

In that case you have a point, maybe they still waiting for a right timing to it before they decide to adopt the system of Bitcoins. It could be a stable price of bitcoin isn't? or til nor there doing feasibilty about how there going to adopt it properly without any issues.

Yup they still waiting the right time. I think the price of bitcoin now is not stable.  The right time is when the bitcoin price will be stable. It will be stable if bitcoin will be currency in future. Yeah they adopt it if they surely knew the system of bitcoin and if they can solve any issues about bitcoin

i don't  think that there's a lot of reason why amazon.com isn't accepting bitcoin, because there's only one
and it is instability. just the word instability will cause any business man to have a doubt on something
that is unstable. but i think stability wont be achieve by bitcoin because of its deflation system.

Wikipedia also does not accept Bitcoins. I think this is a mistake. For some, much easier to send Bitcoins than using a credit card or paypal.

the price of bitcoins keep on fluctuating time to time.....this may be one of the reason

Perhaps it costs too much to adopt bitcoin as a payment method and the profit from that investment

for Amazon will be very small or even zero.

Maybe Amazon is too big and the bitcoin community is too small. :(

Its not a mistake  :-\ its the business strategy and as op stated as due to the high fluctuation of bitcoin price they fear to accept them that's all but hope soon they will compromise with it and start accepting it :D

Implementing BTC for payment isn't hard but it can be quite a hassle if there aren't many people using Bitcoins. The price flucation would probably make it hard for them to not lose any money if the price falls. Purse.io is already a good alternative for purchasing stuff on amazon using Bitcoins.

I think the fluctuation alone is not the matter for which they do not want to accept bitcoin as fluctuation is existed in every currency, in some it is at large scale and in some it is at lower scale. The real reason will be something else, like they may want some more development in bitcoin or they will wait for the government and some financial institute to accept it, after that they will consider it important for their business.

Simply not enough paying Bitcoin customers I guess. It's not like Bitcoin users are known for spending their coins anyways and I believe the number of active Bitcoiners who spend coins daily or weekly is pretty small compared to credit and debt card users so Amazon from a business perspective doesn't need to push Bitcoin on their marketplace just yet.

This is not a mistake but this is a strategy that has always been used by each company in it. Due to a commercial company of wanting to benefit greatly from those who need it, a strategy used is awaiting a command from the market about demand bitcoin.

Yeah your right but do you think bitcoin will be stable if this become fiat. If this become fiat it will be stable like currency.

That may be one but mostly due to business reason and the complexity of Bitcoins I guess.
The transaction done with bitcoin take a while for the approval !! and mostly many skeptic wouldn't
want the use of bitcoins.

I believe if BTC prices remain stable which is signs of maturity, it is matter of time before they big agencies begin to reassess

One prominent reason for Amazon not accepting Bitcoins would be because they probably consider its adoption not high amongst customers. I've noticed this with even certain types of credit cards aren't accepted on Amazon like mastero in my country, which considering it being used in many places should be included as well. It should probably be in their radar to be included sooner or later.

Maybe amazon just don't want to gamble their operation with bitcoin, they might think that due to the price of bitcoin that is volatile for now they could lose so much money when downfall happens and maybe if bitcoin users are not knowledgeable with the nature of it they will face complain when during transaction the price will abruptly fall.

The main reason I think is that their sales operations is not affected by bitcoins. But if their competitors have used bitcoins and their sales grapj displays a going down line then that will be the time that they will consider using bitcoins as mode of payment.

Will i guess this is all about the difference of price on bitcoin ajd fiat,  i think amazon also don't like the way of anonymity of bitcoin gives to its users so i think amazon is up to that matter

I think the bitcoin is more anonymous than the cash. The reason that Amazon does not accept the bitcoin is that too few people use it.

I think it's because they have been providing a payment through PayPal for a long time (which is contrary to Bitcoin). Maybe PayPal threatened them to not provide Bitcoin as the payment or PayPal will leave, and seeing that the customers is mostly use PayPal then Amazon.com don't want to take the risk.

maybe they think they don't have to cause less people shop with bitcoin

They will obviously have their reasons which will be valid among which will include the rapid volatility of Bitcoin, as in the rate of change is unpredictable and this is bad for market as additional infrastructure will have to be put in place to effect the changes in volatility and this is additional cost to the firm. Another is the absence of regulation which is another major challenge to them. My opinion though...

Soon enough all websites will start accepting BitCoin, then the whole world.

Seems like you're not really updated, are you? Paypal has already announced it's intention of integrating bitcoin as one of the currencies/services offered by them. It means every business which are already doing with paypal, automatically going to embrace bitcoin. But direct acceptance by amazon would be a great leap. I could not guess what are hidden businesses under this.

maybe they dont accept it because of the price changing i guess

they still have doubts on Bitcoin as payment due to the current bitcoin users is still very little compared to how payment which exists. it will indeed be a big problem for us but one day Amazon will receive BTC as a means of payment

I reckon it's either they don't trust the stability of bitcoin pricing(we all know it can be up and down sometimes) and don't want customers to have a bad experience because of it(imagine a product's price changing depending on when in the day you buy it) or they just don't think it's worth it right now. That second one is fair enough, it might not be worth the time and money investment for them.

It might be the same reason as the wow private server refuses to implement btc as a payment option, the price is juat going up and down too fast and significantly, ao it might just be that.

maybe they want to create their own cyptocurrency and then only accept it

yes that was actually what i am saying that because of the anonymity that bitcoin provides it may be hard for amazon to identify but who knows if steam was able to accept bitcoin how much more for amazon lets just see for the near future.

The only way Amazon would accept BTC would be to exchange it to FIAT immediately, these big organisations are not interested in Bitcoin or other coins mass global adoption (yet), but as a form or redeemable payment, then quite possibly yes - but what it would take to persuade these guys, who knows. Oh, and Steam accepting BTC? They do not hold the coin but instead exchange it for FIAT as above. Maybe this is because of the volatile market so as a fear of losing funds, or maybe a deeper esoteric reasoning... #BankingSystem

it doesn't matter to us the users, what they are going to do with the bitcoin they receive as long as they receive it. they can even do it easily using the bitpay bitcoin payment system, they do the conversion themselves and receive bitcoin and give the merchant money equivalent of it.

if amazon.com really use bitcoin, then I think bitcoin prices will increase. Amazon is one of the big companies, and if that happens then the development of bitcoin in the world can be very fast.

You nailed it mate. It would be a boom in the bitcoin industry. I just remembered when steam announced that they will be accepting bitcoin people at that time was very excited then when steam launches it every Gamer's that uses bitcoins of course celebrated.

though we dont know how much people use bitcoin as a payment method on steam, it might be useless because as far as i know most of the buyers use fiat

That would make sense. It would only be a success for bitcoin IF and only if people would rather use bitcoins than fiat from doing transactions in amazon. But most of the business experts view this as a boost to bitcoin, but in progress it might be a milestone for Amazon too, who knows? Being a bitcoiner and strong believer of sutures of bitcoins, I too wish Amazon to adopt bitcoins.

Bitcoin price isn't stable and this may be one of the reason because if the price was $650 and suddenly within few hours drops to 500 or lower (which already happened this week) then where is the profit for the amazon?
We are talking for millions of dollars which amazon could risk but could also profit if the bitcoin price increases.

Amazon is still resisting to use BTC as payment because it will be a big loss for them if they accept it and then its value plunge and then they have to pay in fiat. In order for them to accept BTC they should also pay BTC for the services so that changes on its equivalent value in fiat will not affect them.

steam has already launched the project for accepting bitcoin a long time ago and I have tried it myself! it is not for the future to come.
and also even if Amazon accepts bitcoin someday the effect of it will be small at the moment because it will be hype effect because the real effect (as with steam) will take time for new people to notice bitcoin then start using it and then liking it and create that massive demand that pushes the price to the moon. it is a time consuming process.

They might be trying to create their own payment system which will rival bitcoin.
They are a corporate power house and want to control every aspect of their site.
Refusing to accept bitcoin as a form of payment is just buying their time for their own system to take effect soon.

Exactly! Partially I understand amazon in that that they do not want to risk but as we all know only those who take risks win big in the end. But yeah, you might lose in the end too, so ... It's up to them. But I think those who will accept risks associated with Bitcoin will be in profit in the long run.

I reackon it is abit off both, however i dont see amazon turning their back on bitcoin if it stood to make them sheds load of money.  They are bound to have looked at it,

I think it’s because the price of bitcoin keep fluctuating unstably and unpredictably, like when it stabilized at some point and then the next day it could drop like hundreds of dollars and after that it could rise significantly. Amazon can get a huge amount of profit from it or can lose millions of dollars because of a small drop.

May be Amazon and the other great marketplaces still don't believe in Bitcoin and think it will fail sooner or later, and that's of course wrong, Bitcoin is stable nowadays and it will be supported when it's community reach the good level of growing

Amazons products deal with fiat transaction so an active price fluctuation in bitcoin must considered as main factor if they will accept bitcoin.

But you know, there are already some numbers of third party exchangers that can be used if a person wants to use their bitcoin to purchase in Amazon.

There would be a considerable increase with the amount of Bitcoin being passed around, but I don't think that you are properly estimating what would actually change. While it would be a big thing and there would be a considerable increase of things happening within the market, not all that many businesses would just start because Amazon is doing it. Steam was hitting a key market because a fair amount of people who use Bitcoin play video games, but not everyone would rush to buy things from Amazon in the same way.

i think amazon want make his official payment aplication to beat bitcoin, in fact amazon not interesting add bitcoin because bitcoin is decentralization money, this is the problem for merchands who want to protect his customer.

It would be more like protect the customer from the merchant, if things started being traded in Bitcoin chances are there would be a number of fraud cases that would spring up due to the inability to charge-back through Bitcoin. While there is a lot of trust involved and there often aren't charge-backs, that's because a legitimate product is sold. Without the ability to charge back, there might be more people who won't sell everything they say the product is.

maybe they found it risky due to its price fluctuation.they can get loss if price suddenly dropped so they are using a faint currency as because they have a long stable value

Yeah that is true, but it is just one aspect of their mind, in another aspect they will have huge advantages in price bitcoin increase. This is quite a long time and will not be possible for a company wait until the price bitcoin ride. But this thing I'm sure amazon would benefit if they could learn about bitcoin

Another reason for this is that amazon should hire new people that have knowledge about cryptocurrencies and bitcoin, how the blockchain works, how to troubleshoot with their clients because people will get sucks making payments through bitcoin.

One really apparent and really obvious reason jumps out at me: is bitcoin fast enough to handle the traffic an adoption by Amazon would bring? We are struggling to scale as we speak; having the largest online marketplace pouring transactions into the mix would most likely slow everything down to a crawl.

No this is rarely happens people would still really use fiat for purchasing some items im amazon. But this is not a big deal for bitcoin industry because if the question would be where did that fiat come from and if stats would say that 35~40% was in bitcoin then it would still be a good news

The major trend is for Bitcoin to become more widely used by businesses and people.  The major trend is for Bitcoin to become less volatile.  The giants like Amazon are sometimes reluctant to take a business risk, and they probably know that Bitcoin users already have conversion options into fiat currency.  If there is a significant incentive for them to take a risk (such as a taxation change or adoption by a major competitor), they would be more likely to accept Bitcoin directly.  

As amazon is one among the large scale business unit, it takes time to implement over the entire stores around world. Also now they won't get a profit through bitcoin purpose in the short.

I guess we dont have to worry too much about this one anymore because as they have said paypal is now trying to integrate bitcoin on their services. Coinbase would be the official partner if i am not mistaken

I think that bitcoin is currently still has a price that is less stable.
amazon side of the big companies do not want to take the risk of instability bitcoin.
especially at this time bitcoin unregulated use.

In my opinion bitcoin is still new there are not many people who use it for payment method and bitcoin is high risk because fluctuating of price its self. But if we wanna shopping on Amazon we can use purse.io, purse use bitcoin as payment method.

Amazon does accept Bitcoin in a way. Go to Gyft or a similar site and using Bitcoin to buy an Amazon gift card. End of problem.

because bitcoin anonymous, not control company
i think is big all store online not only amazon not supported bitcoin, ebay is not support bitcoin too

Anyway, people get paid in Amazon credit and then use Purse.io to convert to bitcoin. That's sometimes a better option than the check or direct deposit (or whatever it is). For some, it's likely the only option.

I don't think via using purseio will become a good method but maybe better for buying a gift card it's will more instantly and more lower in the level of risk,the amazon it's not wanna accepted bitcoin because it's will difficult for amazon or seller to defined about their price because the rate of bitcoin is always change

It will be a huge lost for them if bitcoins drop half of its price, bitcoin is unpredictable if amazon want to accept bitcoin they should have an experience trader for them to get the best exchange possible from the bitcoins earned from selling.

We already know this but people are worried about accepting and spending bitcoin directly to Amazon, so from sending the money from your bitcoin wallet to amazon directly without going to third party websites buying giftcards and then spending to amazon.
Integrating bitcoin on Amazon requires investment and lots of people to maintain it which I think amazon could afford it.

this thread titles implies that jeff Bezos has barricaded himself in his mansion to avoid the billions of bitcoin users who are constantly beating at his door.

bitcoin is a fly on a horse's ass. there's nothing in it for amazon to add it. there's enough info out there for any retailer to figure out that accepting bitcoin does nothing for sales. adding it would be a grind with little or no upside.

be thankful there are gift card providers out there to make this moot anyway.

That seems reasonable, but are there actually many people who will use btc on Amazon? I mean, I don't think that btc price changes will effect the amount of money company earns in a noticable way.

Because amazon dont what to be bankrupt if bitcoin price will down so they going to finalize if they want to accept bitcoin as a payment. Actualy amazon open they store and they accepting bitcoin as a payment but it didn't run in long time because of i dont know what the management plans

Bitcoin There are safety issues

Because it is more easier for people to pay from bank account

i think it is much easier if people pay through bitcoin dude because it is way faster  than banks. You will also be having problem if you don't monitor your loans or what else. Unlike bitcoin less hassle, less worries and gives you anonymity.

bitcoin is the safest thing you can find. but the problem is that it is up to you to make it safe, and you can not be lazy in doing so.

besides have you ever heard about the amount of money people lose just by using banks, the fraud, the massive number of stolen credit cards and many more, just for using fiat+banks.

There is zero risk for Amazon from price changes because basically all merchants use bitpay or similar service and immediately selling Bitcoins at actual price. I dont know of any merchants who dont do this insta selling.

The more likely reason for Amazon is there is not enought new people to bring to Amazon who were not Amazon customers before, so why the trouble. Its task of Amazon smaller competitors to try attract more customers by offering to pay with Bitcoin, and they do, but I doubt it brings much more sales to them.

Yeah, I saw that the security problem in the bitcoin can be one of the factors that causes is still very little online or offline store that accepted bitcoin. but I think it's not a question of being a major factor, as I see it the main factor which they think is because it is still very little someone using bitcoin and also the market demand has yet to require bitcoin

Bitcoin is not the safest thing, especially when we talk about profits. We all know that bitcoin's value is obviously highly volatile and that risk is enough to put down bitcoin integration because of unpredictable nature.
I too guess this might be the prime reason for amazon why they are still resisting to use bitcoin for their payments.

I agree with this, maybe if you tell a smaller retail about for accepting bitcoin, I sure they will say not for it because too rarely bitcoin users in our environment. and moreover for the big companies like amazon?

Really doesn't matter what they think about using BTC for payment as you can just go on Gyft.com and buy a AGC with BTC. So even as they resist we just find a way to go around anything they do, RIP to any of their attempts at stopping BTC!

LONG LIVE BTC

They want more people using it i guess, they mainly just want solid trade vehicles so buyer and seller are happy.  They then take a cut, everyone wins.  I think we will see paypal full into bitcoin pretty soon.

I think the potential problems of bitcoin is a value that can not be unpredictable and theft in bitcoin wallet service provider. Are they responsible if our bitcoin stolen? I do not think so. As happened some time ago.

If enough customers demand bitcoin as a payment option, they will have to consider it. It is a matter of economics. They have to accommodate the customers if it costs them business not to, or if it will bring in a lot of business if they do so.

until bitcoin gets bigger amazon will just avoid the headache. They make so much money already why upset the apple cart. Also people sell on
Amazon and amazon is just the middle man on some so those people would have to accept bitcoin also.  Its still new amazon will come around
hopefully cause im a prime member and would be great to have bitcoin option

It could just simply be the generally negative attitude about bitcoin. Or maybe it just isn't popular enough.

It is because bitcoin is not part of the payment method in Amazon maybe because of the complexity or just because not all customers are familiar with bitcoin.  Let us just wait for the right time for bitcoin to be well known as a fiat currency and then maybe online sites will include bitcoin as payment method.  They are maybe thinking of that also but it will take time to analyze, to organize, and to plan if they will include bitcoin as mode of payment.  There are many reasons but let us just wait for the time that bitcoin will be recognize as a stable currency.

It doesn't make economic sense to use btc as payment for most companies.

i think it is mostly because of the lack of interest in using bitcoin.
it is true that you can see a lot of people here or in any other bitcoin related place but how many of you have actually asked Amazon or other similar services to add bitcoin payment.
these businesses will never go through the hassle of adding a new payment system and adding one extra option to their system just because a handful of people asked them to do so!

I do not think that's the case, let's see some people consider bitcoin was associated with something negative but does it affect you in using bitcoin. Or popularity, because I think bitcoin currency is already popular today. So why amazon not add bitcoin, only those who know the reason. thanks

I don't understand why Bitcoiners are so upset about this. It is up to Amazon to decide whether they want to accept BTC as a form of payment or not. We can't force them to accept BTCs, if they don't want to. There are hundreds of sites out there which accept BTCs. Overstock and TigerDirect are good examples. Use them, if you want to pay with BTC.

Maybe they're only using Country's currency

Amazon.com does not currently accept the use of bitcoins directly on their website, but you can use bitcoins for Amazon product purchases by using your wallet to buy an Amazon digital gift card Now, though, users of the controversial peer-to-peer digital system can spend their cryptocurrency in brick and mortar stores including Home Depot, CVS, Kmart and Sears as well as online at web retail granddaddy Amazon.com eGifter uses Bitcoin wallet Coinbase to process

amazon are making so much money already i doubt they find bitcoin significant but, also, i would point out that perhaps accepting bitcoin will turn them into a bit of an internet fad company instead of what they are now - a giant retailer. Also as mentioned numerous times here, the bad press of bitcoin is something amazon may be watching

very simple, people want amazon to accept bitcoin as they think it will be seen as incredible news (which it basically also is) that might get the price to sky rocket. it's always price related.

amazon is indeed a very well-known company and surely every activity they do full calculations are done. However I am sure amazon will be the companies that accept bitcoin for each transaction that is in their site, because can provide everything bitcoin with very cheap cost and guaranteed safety

though if they started accepting bitcoins they would add up to bitcoin adoption and people would use way more amazon, for example i dont have a credit card right now so i cannot use amazon at all

Bitcoin can be used in Sears and CVS?

Amazon is huge so you could argue that they are being cautious, but Steam is huge too and they finally accepted Bitcoin. From that day I knew that Bitcoin is going to takeover the world and will eventually be a form of payment in amazon, Paypal, Ebay, everywhere basically. It cannot be stopped.

i think they don't accept them yet because it is against their TOS

uhmm why should it be against their terms of usage??? you can just provide the address where you want to receive item and thats it, either way it is easy for them to change tos

They could just change the ToS themselves. Why are they restricting themselves? I speculate it is due to financial reasons and refund issues. Might be a hassle?

I think because of bitcoin is still new ( not all of countries in the world give legality using bitcoin) and the bitcoin's price is high fluctuating, they will not take high risk by using bitcoin for payment method.

I agree. Price is always fluctuating it is very difficult to earn profits with the sellers if that will happen also He's right bitcoin is not popular in country they dont know how to use it but i disagree a little what if the only put a payment method thru bitcoin whether they use it as a payment method or not.

I guess they are on a tight spot, If they accept bitcoin they would be one of the first biggest commercial sites to take it, Some People have a negative opinion in bitcoin and they might take this step negatively and therefore affect the site in a way, I too think they should just take BTC.

Maybe they are still waiting for the perfect time.
Maybe they are considering the performance of bitcoin in the market and looking for what we call "stability".

I guess they still aren't ready to take the initiative, I mean of course other websites have started tasking BTC and even big ones but nothing like the size of Amazon or EBay, if a company that size take bitcoin maybe it would have an impact on it's membership and public opinion about it "since BTC is still being negatively viewed".

I think they can try to change their TOS? Actually they really can only if they wanted. In my own opinion it is acceptance they may still be doubtful about what can bitcoin gives them will it be a positive or negative.

IT could be a result of many reasons. They include:

- the volatility of Bitcoin price
- complexity and 'newness' of Bitcoin in this world
- the fact that Bitcoin isn't accepted in some countries.

I think a combination of these factors influences their decision of abstaining from Bitcoin payment on their site.

:)

do they even have it in their tos? i highly doubt that to be honest, in my opinion they just are waiting and thinking that bitcoins will not be big

Dudes everyone knows where to acquire Amazon gift cards for Bitcoins and that's why the Amazon management doesn't care to include the payment option on the site itself. Also the Bitcoin userbase is tiny compared to the credit and debit card customers.

The only reason probably is the dynamic nature of the bitcoin price. TO deal with the difference in selling and buying price, amazon needs to prepare a contingency fund. And for a big marketplace like Amazon, the fund volume needs to be really huge. Probably that's why Amazon is not accepting bitcoin as of now.

it would create tons of issues for amazon if they add it IMO, the legal sources of funds and the claiming issues etc... as well as the impact adding bitcoin might have on their existing user base since bitcoin has a negative image at the current time, I guess they are waiting for BTC to go more mainstream to make a move like this.

Too low impact to be worth implementing trouble.
Im quite sure of it, heard many stories. Hoevewer when Amazon will have some problems, image problems, stagnancy problem, old-company image, they will innovate even if they would need only pay for it and not gain anything. Then Bitcoin will be very good option.

:)

I personally think it is an accounting issue when it comes to accepting bitcoin.  There are so many governments which do not accept bitcoin as a currency so it will fall into another accounting format.  I think this could change in the near future, but there will have to be some government willing to identify bitcoin as a currency.

you might be right, also you need to provide your billing address and your credit card information so it would be really hard to pay with bitcoins

With the credit cards, they can verify your address easily. But with the bitcoin, there is no address information.

What about the destination of the items as a source of tracking? Or maybe Amazon could do ID/selfie verification if buyer wants to pay with Bitcoins

You might be right because they don't shop from Amazon to certain parts of the world so they don't want to accept Bitcoin yet so that they wouldn't have to process orders from every nook and cranny of the world. You're spot on my brother and that and other reasons might be why they aren't accepting it yet.

they are not accepting this time because they dont want to risk. bitcoin is not yet official to other country thats why they dont want to use it. they will just wait for the bitcoin to be official in majority. or maybe they want to create their own currency such as loadable wallets something like that.

I hope i can convert my balance in amazon to btc becoz i can't use my balance to buy items their becoz of fee

I am sure that Amazon is closely watching many Bitcoin developments since this is already getting so popular in many countries. I am also sure that there are now many inquiries from customers if they can use Bitcoin in shopping the site. One big reasons at the moment why Amazon can be reluctant to adopt Bitcoin is its high volatility as it can wreak havoc when one is dealing with retail business.

Who knows...one day we would be waking up and then AmazonCoin is already on the market functioning more like a token and at the same time taking advantage of the cryptocurrency market as anyone can buy AmazonCoin using Bitcoin.

I think they haven't yet because of bitcoins volatility because they'd have to adjust prices every now and then if Bitcoin changes in value to keep them from loosing to or cheating customers. I believe they will one day but Amazon as big as they are I think are implementing the right things before they kick start Bitcoin acceptance.

Amazon is pretty skeptical about Bitcoin since Bitcoin is not really made by a business or a known banking company so there is no insurance if something bad happens.
The people working in Amazon are very smart because they know that the would lose money if the price of Bitcoin went down and the people that purchased items with Bitcoin get their products for a very cheap price and they would have a bunch of Bitcoin left to purchase it again.

Considering that Jeff Bezos is brilliant,  Im sure he has some crypto surprise of some sort that he will spring us. It is a natural vertical integration for them. Think overstock.com

My take on this is that bitcoin, and crypto in general, doesn't suit their way of doing business.  After all, what extra business would they acquire, and what hassle would it bring them ?  Amazon has its own "money": amazon gift cards.  *these* you can buy with bitcoin if you want to. 
The whole model of Amazon's business is to have a very secure financial treatment, with the full legal machinery behind it.  You are almost never scammed by amazon.  This is why the credit card model with the possibility of reversible payments and legal framing is extremely important for them.  Anarchist obscure irreversible payment methods have not really a place in their business plan.  They are the opposite of dark markets, for which crypto is the ideal payment method.

You are correct up to the point that it makes financial sense to use them. If enough customers use bitcoin, Amazon will take it.

Well anything can happen and we are free to speculate, maybe Amazoncoin is in the pipeline.... who knows??

Thats what i have been thinking! To think that he has not thought about it would be ignorance. Something is going to happen with Amazon and crypto. He has so much money he can create and market something better than Etherium if he really wanted to.

We would wake up to a complety different world. So anything can happen!

Wow this is superb you have actually worked as an advisor for the Amazon, I am sure this will be a very valuable post for the Amazon if they really are considering the crypto.

But as far as I have experienced the Amazon accepts the BTC as a medium of exchange for the items available at their online stores. Yeah they do inquire a lot because they have to according to their need.

I think there are many reasons why amazon still resisting on accepting BTC as a payment method because I think in my opinion the price of the bitcoin is not constant like money. If they do accept bitcoin it would be great for us the buyers but for them there are still many flows that need to be checked until they do accept it.

Imagine the price spike on an announcement that they will accept bitcoins. Nice to think about.