Bitcoin Forum

why Microsoft Removes Bitcoin as Payment Option for Microsoft Storew?

I seen this 2 days ago..

https://www.neowin.net/news/microsoft-to-stop-accepting-bitcoin-as-payment-method-due-to-volatility

They said the reason was volatility.. just like Valve inc.

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EDIT:

Oh and i recall the story way back when they removed it and added it back a day later saying it was an "accident" too.  :D

All these big players, once they start to adopt bitcoin usage alot of other companies will start to follow suit. :)

They removed it because making payments in Bitcoin was no longer viable. Who want to pay a transaction fee of $100 for purchasing a Microsoft Office Suite which costs $150? The charges levied by Visa/Master for the same is around $3 per purchase.

Because US government is against cryptocurrencies. As long as Microsoft doesn't want to have problems with officials they won't take any risks. Especially risks like that: Bitcoin as a payment method is only for geeks and it's not worth keeping it just to satisfy them.

One of the reason mentioned was the high cost payment. So if you have a small amount of btc you cannot use/redeem anymore.
But recently Microsoft restores btc payment after the issue of paying is resolved.
The lowest amount of btc is already ensured that it can be redeemed.

It was also according to my friends the transactions for bitcoin is really expensive so that they are much more prefered not to alts coins And I think this is what I do too.

It's pretty fair to be honest, I think they genuinely wanted to support it but it's not viable for small payments like that at this stage. Litecoin would be a solution for this at the moment.

they might change their mind in the next future by adding altcoins as well or might have been also because not many were aware of this possibility and just few people bought MS products with BTC.
For sure, since they started accepting BTC they did a bad marketing, it was never advertised much, they added it and only the IT guys were aware of it, for me they should have really advertised it in a better way.
We will see what will happen in the future but as now, this is a sad news.

yeah I saw that in one of youtube news videos , the youtuber mentioned that this is a temporary move
Microsoft is saying that's due volatility  , but bitcoin has always been the same when it comes to volatility since the early days

most likely it's due the long time to get confirmations , since it can be really serious when your business is  fiat based
for example when a customer makes a purchase and pays certain amount in btc , at the time that the transaction confirmed the whole value based on USD may change a lot


so the site may lose money if the price go down , or they may gain money if the price go up

Yes, the stop bitcoin as payment because of the same reason that everyone here is bitching about, high cost of fees and very slow confirmations. I can't imagine any companies now accepting bitcoin because of that issues. Even Steam, who have been an advent supporter of bitcoin stop its support because its not viable business wise.

However, as I understand it, Microsoft decision is only temporary. However, if the dramatic increase in the fees to process a transaction can't be answered, there will be a lot of business that will driven to make the same move as Steam and Microsoft.

I'm not aware though if they would open its doors for altcoins such as Litecoin or any other coins in general.

I think Microsoft is the last company we want using it as a service. We want these huge companies to stay away

Just be patient guys, soon enough they will accept it again, when crypto currencies will have a wider adoption. Wait and see.

we do? why would we want that?

Well, the involvement of huge companies can lead to a high increase in the demand of bitcoin and cryptocoins in general, so a rise in their value. When big companies use cryptos, this shows trust and more people can become supporters. Just sayin'...

I'm pretty sure that most of the people here now didn't even knew that they actually used to accept bitcoin as a payment method to fund your account so I don't see why anyone would care now. It's also worth mentioning that this is old news, I spoke with Microsoft support a few months back and BTC was only supported in the U.S and they told me that they are planning to remove it completely in the future.

Hi,

I guess there are several reasons for that.

First of all, maybe their banks has refused to take this form of payment in charge. For technical reasons for example.

Then,  I guess that the rate of change in price is way too high. Remember the story of bitcoin and the sandwich? It is still true nowadays...

Last, I think that this new form of payment was rather here to make people talk about it than to last as paymenr method. There were not ready but wanted all to think they were up-to-date with the "latest" technology.

Just another "announcement effect"...

Because bitcoin is no longer suitable for small payments, and the cost of bitcoin is around $10, how can it be used as a micropayment?

Huh, I thought they re-enabled Bitcoin payments again? I must admit that they're changing it back and forth so fast that it's a bit difficult to follow...
Just read this article about an hour ago: https://www.coindesk.com/microsoft-resumes-bitcoin-payments-after-halt-over-instability/


Why? I think it's a good thing that large corporations are beginning to accept Bitcoin. Can't have mass adoption if Bitcoin isn't accepted as a payment method on a large scale.

Pretty much expected from big corporates to slowly remove Bitcoin as a payment option because of all the problems that has been hindering it lately. This move comes after Steam decided to stop accepting Bitcoin.
Firstly, the transaction fees is unbearably high making it unviable for adding small amount of funds. Secondly, the price fluctuation on a daily basis is pretty big making it unstable. Lastly, volatility concerns been raised.

Yes I have just read this article : https://cointelegraph.com/news/microsoft-removes-bitcoin-as-payment-option-for-microsoft-store

no it is not for geeks. It is not a payment method at all anymore and this is why they removed it.
It is amazing how people can deceive themselves and keep deceiving whatever happens and whatever facts are in their faces.

Here you have the true reason it was removed:

I am not shocked to see this as it was quite expected to see such corporate companies exit Bitcoin. I do believe that it is a temporary move since it is obvious that people won't want to pay such huge fees for their services. Such tech giants has these transactions on a daily basis and it might be difficult for them to see such huge fees for their products to be paid. The problem will be solved when the Lightning Network will be implemented.
The LN would surely bring more tech giants towards BTC as a mode of payment.

Not to be surprised when this happens, there will be more shocking information circulating around Bitcoin.

Microsoft removed it because they said that it is unstable currency (highly volatile). But i found an article that says that it is only temporary and microsoft will resume accepting Bitcoin as payment method and users can continue to fund their accounts with Bitcoin, I will provide a link of the article below, I don't know if this is true but I don't care if they will removed it or not because I don't want to use my Bitcoin to buy in microsoft online stores. I don't even think that there are lots of people funding their microsoft accounts with Bitcoin. Anyone here?
Here's the link: https://www.thurrott.com/microsoft/149835/microsoft-now-lets-pay-with-bitcoin-once-again

In short, the profit of microsoft will also be unstable if they are in bitcoin.
Eversince, the price of bitcoin is unstable. The volatility of its price is one of the factors why there are some investors are attracted.
I think it is just a strategical move of microsoft in order for them to gain more profits because microsoft think that it is too hard to risk at bitcoin. Maybe it will be the reason why they will crash out.

Yeah, I've seen this news in a article in https://cointelegraph.com/news/microsoft-removes-bitcoin-as-payment-option-for-microsoft-store saying that microsoft removed bitcoin as payment due to its volatility. Maybe Bill Gates is right because as we had experienced this last year before new year, bitcoin's price really is volatility as it really goes down, and as a company CEO, Bill Gates cannot afford to take risk particularly in a company.

If they care about volatility why don't they just implement a payment settlement code so they can automatically convert them in fiat. Or use BitPay or similar services.. Bitcoin is so flexible and has so many applications,but people need to be open to learn how to use it as in any new technology. ::)

in my opinion microsoft does not accept bitcoin due to unstable bitcoin price. besides that i think microsoft just wants real money.
I also think that microsoft does not accept bitcoin because the cost in wearing to transact with bitcoin takes a long time.

did Microsoft really remove bitcoin payment option or is it just another FUD because price has been moving sideways?!

in any case i find it pretty interesting that Microsoft has been accepting bitcoin payment for a couple of years now (probably 3 years) and nobody talked about it at all. 0 news in any of these news sites. now that there is a rumor about it, every one of them is talking about it!

It makes sense that they removed it since it has such a big volatility, even though I think bitcoin will continue to grow so they wouldn't lose any money, but it might not be very smart to keep it as a payment method.

I had already replied ITT that they have re-enabled Bitcoin payments, but news websites are posting different articles about the outcome.

Have a look:
http://www.news.com.au/finance/business/technology/microsoft-restores-bitcoin-payments-after-working-to-ensure-lower-amounts-would-be-redeemable/news-story/1c875957f470944709497dcfa6ec5fd2 (16 hours ago)
https://cointelegraph.com/news/microsoft-removes-bitcoin-as-payment-option-for-microsoft-store/ (13 hours ago)
https://www.coindesk.com/microsoft-resumes-bitcoin-payments-after-halt-over-instability/ (4 hours ago)

I think they did resume Bitcoin payments in the end. Can anyone confirm this perhaps?

Here's a statement from Microsoft as to why they reinstated Bitcoin payments again:

$100 transaction fee? Did we reach the moon already?

Fees can be as high of as low as you make them (of course there is a risk of lowers fees for tx's never being accepted), or stuck in the mempool for days, but come on - $100???? Absurd.

The US govt has made their stance clear.. so far.
For starters they enacted AML/KYC laws on exchanges. (which cover a wide range of issues)
Secondly they enacted Tax guidelines / laws.
Other than that as far as i am aware they have done nothing to hamper Bitcoin.
Hell, Marshall's even auctioned off Bitcoin before. (2013)


Nope you are being dishonest and covering up the glaring issue.
BTC is failing at being a CURRENCY.. while you lie to make money of it being used as a commodity.
With out the one the other is useless..
Being dishonest is of no use.. it will not help your cause Bitcoin'ers.

BTC needs to be an effective and competitive currency alternative to other services already in use.
How can it be when it swings in price so drastically and so suddenly ?
And how can it be used when the fee's keep rising to ridiculous levels ?

You are being silly.
That is like saying customers don't want to buy a car that has no wheels and can't move.
While blaming it on the car color or something.

perhaps this is a temporary measure, and one must be a little patient, after some time it will return as it was.
but also this news has an impact on the cost of bitcoin, its falling down...

I would suggest that the smart move has to be paying for these products using a crypto debit card, that way you can benefit from the rise in crypto values and not be saddled with the tx fees. It's a win / win

The transaction fees are certainly a concern  - however that is what Bitcoin Cash was invented for - it can transfer much faster with much less fees - i'm not sure exactly how much fees exactly but it certainly is the more viable option. Or else there are many other coins to adopt with a blockchain which becomes more efficient the more widely its used....Like DeepOnion  ;D ;D ;D ;D

Perhaps you are right, perhaps!
But we need to study this thoroughly, I think if they want, it`s possible be done, but whether they will be want it, it still remains a question)

May be recent unrest in market. Bitcoin extra fees can be. It takes a lot of time to get Tx confirmation.
 

The transaction cost for BTC is becoming too high as compared to other traditional means of fund movement. That not so promising

Maybe microsoft is still cautious about bitcoin, because we also know that bitcoin prices are very volatile, so it is very risky if used as payment for official products. And it also seems that Microsoft does not want to be splashed from the negative criticisms that have come to bitcoin in recent times.

no. microsoft has already trusted and known bitcoin for a long time and as you can see microsoft has actually used bitcoin as their payment method lately but because of the continous growth of bitcoin and the transaction fees itself then microsoft has decided to temporarily removed bitcoin because users will also suffer to this problem but i guess sooner or later they will re install bitcoin again if bitcoin issues had been fixed by devs.


being volaitle is not the main problem here but the fees and slow network of bitcoin is the main reason on why it was removed by microsoft. not only microsoft but also in other platforms like steam.


no not either.

For me, it is perfect, you needed to pay the fees + $10 extras in order to put money on Microsoft using bitcoin, but far as i know they added it again, so all that fud was innecesary, i do not understand why a lot of people have been selling their bitcoins because of that shitty news.

Yeah, I know this information a few day ago at http://www.altcointoday.com/microsoft-no-longer-accepts-bitcoin-payments/ maybe this is a reason bitcoin price decreased. They have some reason for not accepting payment via bitcoin anymore, that is high transaction cost and delayed confirmation for one transaction. Well, perhaps, the next few day bitcoin transaction system can be fixed so as Microsoft can be reconsidered to use bitcoin as payment.

I would say it was not a shock but was not expected this early.Microsoft is one of the corporate giant and definitely this news again will create some problems in bitcoin.But we have to understand who will allow such transaction fees to purchase their product.The reason is justified and hope that the banned will be remove once the LN comes and again we can purchase Microsoft products from our bitcoin.

And it's already back in the store. Until the price settles for good, we may see things like this, where vendors who were accepting btc previously stop doing so because the price is so volatile. But the fact that they picked bitcoin back up shows how important bitcoin is. So no need for additional FUD right now.

The reason is Microsoft is scared of the US govt since it doesn't accept it. I would do thesame too if I were them

I heard again they added Bitcoin in Microsoft site they suspended temporarily i am not sure about news

possibly because the bitcoin price is unstable and makes microsoft frightened when the price drops and the selling price gets dropped, it will probably work together again when bitcoin is completely stabilized or maybe use other altcoin whose total supply is still high.

Microsoft = government. They are hand in hand.

Bitcoin transactions are more expensive than other ways of sending money due to high load. Developers are working on this issue. Some people decided to hardfork Bitcoin and increase the blocksize in order to process more transactions per second. Lightning Network is slowly being pushed to the mainnet. We will have to wait for wallet developers to implement it in their software. It will take some time but it is definitely worth it.

It was inevitable, I like bitcoin but with fees of 80 to 100 dollars then any transaction below 1000 does not make sense, even if you use a segwit address the fees are still high so this was going to happen sooner or later, we need the LN activated immediately to counter this.

I have read some posts on social media too that they have remove bitcoin and recently they have added it again. So I don't know if that's legitimate or just another hearsay, if someone here that has strong proof that can give reference about the positive news about microsoft gaining bitcoin back again with their business.

The main reason for microsoft to remove bitcoin as a mode of payment is simply because of their high transaction charges and expect these sort of news from other companies too as people wont be using bitcoin as a mode of payment anymore until there is a permanent fix with the implementation of lightning network and after that these companies might rethink of accepting bitcoin again.

Because the Globalists don't like Bitcoin. They can't stop it, but they can absorb all of the coins to make the system unworkable. They have already introduced a futures exchange so that they can manipulate the market.

Microsoft removed Bitcoin as payment option because of unstable price. Price is jumping up and down for 1000$ everyday.

With lightning networks I think bitcoin will make it back to Microsoft, Steam and so on.

Bitcoin is a crypto coin and if its dump huge i think its  affected all who related bitcoin.Recently microsoft remove bitcoin https://cointelegraph.com/news/microsoft-removes-bitcoin-as-payment-option-for-microsoft-store . I think its only for delay bitcoin tx and huge tx fee.

The decision of Microsoft is temporal. Maybe they are getting Bitcoins again yet. I don’t think that this essential question to discuss. Bill Gates appreciate Bitcoin and can not be restricted by Microsoft.

US government's eyes are red hot on bitcoin right now. At first at its volatility and I guess that is the main reason why they decline bitcoin. And also why'd I said the red hot in bitcoin. Well, us security something I forgot the agency doesn't want bounty to exists.

Dunno for now, but surely Microsoft owner believes in cryptocurrency.

Bill Gates is no longer at the head of Microsoft for a long time now... he may still be a tech advisor but he is certanly not the CEO or any big rank there, although other could value his opinion but his opinion is not that strong there.

Lighting network is available now, why haven't they simply included it into their system? Do you realize that these companies don't even care much about bitcoin as they are using serviece like BitPay that will simply send them out dollars and they will include BitPays API without even touching the tech side of bitcoin. BitPay don't have LN as for now which could be the answer to my question. Simply maybe their costumers weren't satisfied by paying with BTC long wait time + fees + large price movments 1k up or down....

Bitcoin network is very slow right now and transaction takes more time to confirm in case enhancement upgraded to bitcoin blockchain Microsoft and other big companies will accept BTC again .

The fees are now to high but with lightning network that will be solved.

For a company, accepting payments in Bitcoin became almost impossible these days because of high transaction fees and the huge delay. If people buy/register, they want access instantly. Having to wait to get what you paid for until the transaction is confirmed, is not appreciated. People also don't want to pay extra to cover the Bitcoin transaction fees.

Bad rumors make the bitcoin price drop sharply. However, I see microsoft again accept payment by bitcoin. It's hard to understand for that

Microsoft is one of the major vendors that remove the Bitcoin payment option. However, with substantial price increases and volatility until the last quarter of this year, corporate risks such as Microsoft appear to be on the rise. Bitcoin fell four percent on the day.

This is bad, I need to research why microsoft removes bitcoin. Bitcoin is very useful to everyone. I dont know what is the reason it is remove.

I think this is not the first time Microsoft has stopped bitcoin, and this is only valid for a while because of the soaring bitcoin price

I have heard that for almost a decade !

"one day" someone will do something to make "my investment" worth something.
I support Bitcoin but, i will not lift a fucking finger to make it succeed.
Yup.. you "supporters" will invest then sit on your ass talking it up waiting for someone else to make it work.
The optimism card played yet again.

Too many chiefs and not enough indians.
You all collectively line up to say the future is bright.. because one day (someone else) will make things great.
Problem is no one has for 8 years.
So why after EIGHT years should we think things will change ?

Google.. "optimism bias" and "honesty" profiteer investards.

You retard noobs pile in here then talk it up screaming about this NEW thing called Bitcoin.
It's been 8 years idiots..where have you been ?
What just found out you can make REAL MONEY off of it ?

From this was started the FUD. Many of other news already followed up because of these uncertained news. Even in crypto currencies news, there are also fraud that make a big impact in the  crypto world. I think this media companies should be regulated first rather than blockchain.

Bitcoin is at $10,000 and microsoft gets $50,000 payments in Bitcoin and after that if Bitcoin price falls to $5,000.

Microsoft will lose $25,000. Will people take Bitcoin payments for goods and services ?

I can't understand why there are so many people commenting here without saying that Microsoft is accepting bitcoin againg. They said it was a temporary measure and it hasn't lasted long:

http://fortune.com/2018/01/10/microsoft-bitcoin-temporary-halt/

"Update: 3:39 PM PST.
Microsoft confirmed that it has indeed restored bitcoin to its online stores."

OP: you can lock the thread now, otherwise we'll get 1000 more comments complaining about Microsoft not accepting bitcoin.

We can not say why microsoft removed the bitcoin perhaps they think it's a scammers website. Bitcoin has seen unprecedented interest from investors and traders in the last few months. Its price has swung wildly over the last 3 months with most exchanges struggling to cope up with the surged demand of sellers as well as buyers.

a few days ago Microsoft decided to bring back bitcoin as a payment on their company, soon Facebook will have a place for bitcoin on their platform.
bitcoin is growing so fast and companies especially online based, don't have a choice but to adopt what is the trend all over the world or left behind!

The transaction fee is becoming too expensive


The dev should do something about this.


Payment in btc should be faster and cheaper than fiat currencies

The futures exchange was always a trap in order to make people invest in useless pieces of paper instead f buying bitcoin since a raising bitcoin is a clear sign that things are wrong but I think at the end it does not matter after all buying bitcoin and selling it is not as difficult as buying and selling huge amounts of gold.

Bitcoin is useless for payments, surprised they still accepted it.
Bitcoin is only good for keeping in coinbase  ;D

As far as I know, microsoft remove bitcoin because maybe they will bankrupt. As usual, the volatility of its price make worries to microsoft corporation. As of now, I think they receive again btc. I don't think how legitimate the source I've read.

They said that the main cause of the cessation appears to be volatility and risk associated with the cryptocurrency. But according to what I heard, as of the moment, the Microsoft already restored bitcoin as a payment option.

There are many reasons why they have stopped accepting bitcoin for their services.

[1] Transaction fees - it was when it was that bitcoin transactions fees are zero (or at least near to zero), now that the price of bitcoin is 10-20k the transaction fees become very expensive too, nobody is interested to pay 50-100+ USD on fees, we know their product prices.

[2] Stability - Bitcoin price is unstable, we undersant when it keeps increasing it's good of course but when it drops to 50% then how they will calculate the profit of the product they sell, or they should hold always the funds with a hope that the price will increase!

As we all know, Bitcoin is volatile, unstable price. I believe and I also read that the main reason is Bitcoin's volatility. Because of the sudden change drop of the price and sometimes sudden increase, Bitcoin payments are affected in the microsoft company. There is no exact amount of the Bitcoin payment and microsoft would lost a lot of money if that happens.

Bitcoin has not stability in it and there are many problems going on crypto currencies that's why Microsoft will take an action like this but bitcoins was not affect by this changes.

After I received the first money after investing, I stopped being afraid that I would lose my money.

Microsoft bitcoin haha ​​:))
Can you imagine having crazy people use gold to buy coffee? :), it is similar to using bitcoin to buy microsoft computer haha ​​:)

coffee and computer incomparable items.
I think buying PC for btc is normal, buying software for btc its the best thing

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