Title: Overstock bitcoin experience Post by: ultrix on January 09, 2014, 11:16:15 PM Today, Overstock.com brought their Bitcoin processing system online. I figured since they're team players, I'd order a few hundred dollars of things I'd usually order from Amazon. Their payment processing system was flawless. I got a bitcoin address to send payment to, total to send. Sent the payment, waited maybe 5 seconds, then clicked "confirm payment". Received an email from them confirming my order within 5 seconds or so. +1 to Overstock.
On a side note, this may have saved me a ton of hassle in the long run as I just received a phone call from Overstock asking if I had placed two orders shipped to two different addresses. As it turns out my credit card number was stolen and someone ordered a pile of stuff with it from Overstock and from the list of charges today, a half a dozen other retailers. I love how the financial industry badmouths the security of Bitcoin when they rely on shared secret security mechanisms (credit cards). +2 to Overstock. Title: Re: Overstock bitcoin experience Post by: Kenshin on January 09, 2014, 11:17:30 PM Interesting, good luck in with your CC company.
Title: Re: Overstock bitcoin experience Post by: sbfree on January 09, 2014, 11:17:39 PM WOW, so overstock now takes bitcoin, I thought their CEO said it would happen sometime in JUNE 2014?
Title: Re: Overstock bitcoin experience Post by: Rannasha on January 10, 2014, 09:01:27 AM WOW, so overstock now takes bitcoin, I thought their CEO said it would happen sometime in JUNE 2014? It turns out integrating Bitcoin-payments was easier than anticipated :) Title: Re: Overstock bitcoin experience Post by: joesmoe2012 on January 10, 2014, 11:41:48 AM What exchange rate do they go by?
Title: Re: Overstock bitcoin experience Post by: ultrix on January 10, 2014, 03:46:40 PM What exchange rate do they go by? It appears to be some kind of moving average vs a few exchanges as it was higher than bitstamp/btc-e but less than gox. Title: Re: Overstock bitcoin experience Post by: joesmoe2012 on January 10, 2014, 06:33:30 PM What exchange rate do they go by? It appears to be some kind of moving average vs a few exchanges as it was higher than bitstamp/btc-e but less than gox. That sounds reasonable enough. Title: Re: Overstock bitcoin experience Post by: camolist on January 10, 2014, 07:45:22 PM What exchange rate do they go by? they use coinbase checkout which basically seems to get you the coinbase sale rate for spending your coin without paying the 1% sell fee Title: Re: Overstock bitcoin experience Post by: joesmoe2012 on January 10, 2014, 07:59:03 PM What exchange rate do they go by? they use coinbase checkout which basically seems to get you the coinbase sale rate for spending your coin without paying the 1% sell fee Also isn't coinbase doing a promotion where the 1% is free for the first $1mil for the merchant as well? This must be coinbases biggest customer as of yet. Title: Re: Overstock bitcoin experience Post by: exstasie on January 10, 2014, 08:20:35 PM Nice! That's great to hear that the transaction went smoothly. Always wondered how long it would take to make the actual transaction.
Title: Re: Overstock bitcoin experience Post by: zvs on January 10, 2014, 09:09:39 PM I did transaction, it gave me 'success' message, then after I clicked OK, it replaced it with a 'not success' message, and said to contact bitcoinsupport@overstock.com
I sent in a msg with he transaction details for 30b6a9ad9ac143406e8368542cffa5fd8055fc33cf38e90a378f2a937204b3cd , about 3 minutes after order was placed and bitcoins were sent if I had paid for something via CC and had that amt deducted & had the merchant still saying that I hadnt paid yet (I got an email saying how I had left stuff in my shopping cart), i'd be on the phone with my CC company it's too bad the seller holds all the strings with bitcoins Title: Re: Overstock bitcoin experience Post by: rammy2k2 on January 11, 2014, 01:40:32 AM they had over 120k USD sales in bitcoins in less than 24 hours
Title: Re: Overstock bitcoin experience Post by: zvs on January 11, 2014, 04:32:11 AM Alec: For this information you need to contact bits coin provider.
i smell an imminent BBB complaint Title: Re: Overstock bitcoin experience Post by: Kluge on January 11, 2014, 04:36:29 AM Alec: For this information you need to contact bits coin provider. No way. That can't seriously be what the CSR wrote. :D Maybe they decided not to train anyone and just forward "bitcoinsupport" to regular support.i smell an imminent BBB complaint Fwiw, did a couple transactions through O yesterday - flawless. Title: Re: Overstock bitcoin experience Post by: zvs on January 11, 2014, 04:45:52 AM Alec: For this information you need to contact bits coin provider. No way. That can't seriously be what the CSR wrote. :D Maybe they decided not to train anyone and just forward "bitcoinsupport" to regular support.i smell an imminent BBB complaint Fwiw, did a couple transactions through O yesterday - flawless. I'm mailing coinbase first since overstock.com is clearly clueless as to what's actually going on. As far as the transaction went, it actually popped up a message saying it was successful.... then about 2 or 3 seconds later, it popped up a different message about there being a problem with the transaction and to contact 'bitcoinsupport@overstock.com' for assistance. So, I did & gave them the transaction id: Hi, It is trying to bill me a second time for the item @ [link removed] Bitcoins were paid via Coinbase, transaction details: Status: 1/unconfirmed, broadcast through 7 nodes Date: 1/10/2014 12:27 To: 1A1u7688A3yySwvtWoypw6zakkJ1fZ38TU Debit: -0.16212299 BTC Transaction fee: -0.0001 BTC Net amount: -0.16222299 BTC Transaction ID: 30b6a9ad9ac143406e8368542cffa5fd8055fc33cf38e90a378f2a937204b3cd Thanks, James ....... that was sent at about 12:30PM CST & I never got a response to it, This Alec guy was someone in the 'live chat' just now. I asked if I should expect to receive a message before noon on Saturday and he said yes... so I said, OK, I'll be looking forward to it then. coinbase will also have ~12 hours to respond then since i was dumb enough to send them bitcoins, I have no way to get them back so I'll have to resort to a BBB complaint. I guess it's good I used camstudio to record the whole process ed: oh, I suspect the https://blockchain.info/address/1A1u7688A3yySwvtWoypw6zakkJ1fZ38TU 1CgQ3PyrTG36iErVffHZ2wEc9q8wiMBEvX address there is probably coinbase's 'fee' address? hmm, nm, that's multiple inputs.. like 10 diff addresses. probably still some coinbase fee related account Title: Re: Overstock bitcoin experience Post by: jboss on January 13, 2014, 05:11:17 AM I couldn't find any reasonably priced Macs on the site.
Their inventory sucks. Only thing I found was the basic Macbook Air model +200$ over Apple Store or Amazon. LOL> Title: Re: Overstock bitcoin experience Post by: zvs on January 13, 2014, 02:51:00 PM update: bitcoinsupport wants me to can you verify the email address that your Bitcoin wallet is under for me to send you the funds back?
however, I don't have a coinbase account |