Bitcoin Forum

http://www.coindesk.com/amazon-exec-company-decided-against-accepting-bitcoin/

They still have impressive proportion of international retail market - would have sent Ƀ prices trending North, if they had gone the other way  :(

Patience, young Padawan. The truth is self-evident. All businesses will be transacting in BTC within a few years.

Forgive me, now I must return to my meditations on the end of capitalism.

Would love to see the chart when Amazon finally accepts Bitcoin.

Will be a thing of beauty.   :)

Haha they wanna sell Amazoncoin. Amazoncoin is for Amazon what Painpal is to Ebay. Facebook is cooking up some useless rubbish too, then there is Ripple...

Even the lousiest pre-mined scamcoin is better than all that combined  ;D 8)

Sounds like they would like to hear from customers that we want them to accept it. Let's do it! Buy Amazon gift cards with Bitcoin (and save 3% at Gyft) and let Amazon know that's how you got the gift card!

So why don't you all stop posting your laments here...and do what I just did..log into your account at Amazon...go to "contact us" and tell them what you think?

I really am not saying that in a snarky way...I'm just saying that it doesn't hurt to let them know directly what you as a customer think.

For what it's worth...I got a response within about ten minutes. I fully admit that it is almost certainly a "form response" about Bitcoin and nearly everyone will get the same one.(Although the grammar of the first two lines doesn't seem as polished as the rest and may not be "form").

The point is...someone at least paid attention to it...read enough of it to recognize what I was writing about...responded...and no doubt put a check mark somewhere in the tally of topics that concern customers.

Thank you for sharing your thoughts regarding the Bitcoins.

I would like to let you know that we currently don't accept bitcoins as your payment method for your order, I believe that this is a disappointing news.

However it's a good thing that you've brought this up to our attention and we'll consider your feedback as we plan further improvements.

Strong customer feedback like yours is very important in helping us continue to improve our website and services. I will pass your message on to the appropriate department in our company. We always want to know how our customers react to all aspects of shopping on our website.

One of our aims at Amazon.com is to provide a convenient and efficient service.

We look forward to seeing you again soon.

Best regards,
Lara T.

don't worry, the USD is going into hyperinflation within this decade, bitcoin's time will come soon afterwards.

I believe that one day you WILL see BTC as a payment option on Amazon. It is only a matter of time.

I always find is weird that companies who want to be "trending" refuse to be part of the latest trends.

Do they want to be 'trending'? Seems to me like Amazon is about as Conservative as can be in their core business (undercut everyone else) and just 'trendy' in their way of doing it. Sure it seems like Bitcoin would be a part of that, but maybe undercutting Bitcoin/Visa/Mastercard/etc is just another long term plan.

Because the trend is not as big as you think. It will take time to grow to a phase where places like Amazon will accept BTC.

i wouldn't even count on amazon to exist for that much longer.
they are trading with a P/E ratio of 535 (http://finance.yahoo.com/echarts?s=AMZN (http://finance.yahoo.com/echarts?s=AMZN)), the whole company is a bubble waiting to explode.

Is that why price increased by $50 today?

I agree, it’s much more likely for a lot of other websites to accept BTC before Amazon does. They really do have a more conservative corporate model. They wouldn't be willing to take a “risk” on something they aren't confident will give them a strong ROI.

Fully agree. In a few years they ll change their mind.

When in doubt, blame China.   ::)

OKCoin Bitcoin ATM and BTC China has some "new product".

I for one have already written them asking for bitcoin. I hope everyone else does as well.

I just wrote them an email too.

Don't put Bitcoin into the "topic" of your email.  They probably have a form letter that is kicked out when that keyword triggers it.

Haha - Good man! Gonna do it too  ;)

Interesting thanks for that Rob! I know they invested huge into cloud storage facilities, but you're right, tradition vendors maybe looking for other distribution channels.

I understand that a multi-national company may be hesitant to integrate Ƀ for many reasons. But the first-to-market opportunity would be great for them. To be honest with I've never heard of Overstock before Ƀ although they are a major retailer in their own right.

Ƀ needs a major international player to get on board, and I believe this day is coming in near future  :)

Corporate complexities getting in the way of something beautiful again:

http://www.coindesk.com/gyft-forced-end-walmart-gift-card-support/

Walmart group too - Have used Gyft before, they are totally decent - one day we won't need a third-party though

"we’re not hearing from customers that it’s right for them" -Amazon

BULLSHIT. Who hasn't asked Amazon to accept BTC? Wasn't there even at least one petition?

ETA: http://www.change.org/petitions/amazon-com-amazon-com-accept-bitcoin

+1  Agreed Butters - It's more regulatory than "lack of demand"

amazon wont accept bitcoin currently... not for currency reason, but for payment processor reasons.

amazon want to become a payment processor and get small fee's per transaction. but they know that bitcoin as a processor, is a competitor..

the silly thing is that amazon is never going to be a payment processor. they are just going to be a shoppingcart. the actual payment processors are visa, mastercard, american express and bitcoin.

even paypal is not a payment processor. as they rely on banks/card services to do the processing.

one day amazon will learn their position in life/industry and realize that being a shopping card for merchants and users, is their niche and then to accept all forms of payment processors such as amex, visa, mastercard, bitcoin will all benefit amazon.

Its a matter of time, when they can think how much money the can save on fees given the amount of customers they can have. 

jeff@amazon.com

Gotta sign that petition.
http://www.change.org/petitions/amazon-com-amazon-com-accept-bitcoin

ok does these petitions really work, and I think amazon can work with btc since they have a escrow system already, this is gonna be great, and you wont have to use a bank.

I'm willing to bet they are lying, and so any customer effort to convince them that it is wanted is pointless. The president of Amazon is a known "control freak". He can't control bitcoin, so if it is ever adopted, you can expect Amazon to be a late adopter, if ever.

Amazon has never really been brave about moving before others move just take a look at how amazon branded web stores have been a failure if you where selling books, even now they are sharking book sellers by handling distribution and charging till the seller goes bust, Amazon will carry on making the Amazon mammon rich and only when they can make money themselves from bitcoin will they move to making choice for customers.

Done!

BTW great links on your Footer, a must watch for everyone.

Nathan Mayer, Freiherr von Rothschild's orchestration, one of the world's greatest "pump and dumps" in history during the Napoleonic wars, blew my mind   :o

Nice one Zolace, you've made some good logical points here.

We're looking for some industry giant/leader to accept Ƀ, easier said than done no doubt. Even Richard Branson is reported to be a big believer in the cryptocurrency, but has not convinced his senior advisers it's a good idea thus far. Virgin Galactic product being the exception  ;D

EDIT: he sold all his Bitcoins for Quark recently...now he's guttered  :'(

Does everyone realize their are plenty of discount gift card companies out there?

They do not have to directly deal with the companies, because they are selling "used" gift cards.

The key is to have them realize they have a HUGE audience willing to spend some bitcoin,
with no risk to them since they are using a processor.

I have been in touch with http://www.giftcardrescue.com/ supposed to be talking to the CEO shortly about taking bitcoin payments.

There are many more of these discount gift cards companies...

http://www.cardpool.com/
https://www.plasticjungle.com/
http://www.raise.com/
http://www.abcgiftcards.com/store/
https://monstergiftcard.com/index.php

These are just a few! Email these sites, make them realize the first business to take advantage of this is going to make a killing!  ;D

Amazon is good at raising dollars though.  I remember when they started, it was YEARS before they ever broke even.  "making money" does not seem to be as important as moving volume and marketshare to the holders.  They have a few things coming that could make a huge difference in the physical and digital goods categories.

day will come they will realize their mistake

if we can have sellers give 10 percent discount on bitcoin payemnt on amazon then probably could win, as Amazon or btc haters wont like that very much

i don't care if they invent skynet, there is no way they are going to be making 35 times more money which is what they need to do in order to get a P/E of at least 15.

In the best situation bitcoin will be just another worlds currency but dollar will have it's value like it has now i think.

no way?   seriously?  I encourage you to do some more investigation

That's correct. I don't think most people realize how bad things are going to get in the VERY near future (by my estimate closer to 2-3 years than 10, FYI).

Related: https://www.youtube.com/watch?v=dQdmsL147j0

Thanks for the link Beliathon! Stefan Molyneux is great at summarizing.

Do you think the Ƀ protocol will help solve the problem associated with the FED & privatized debt?

This is why we need major corporations to use Ƀ or derivative of.

Hmmm.  If only there was SOME WAY of getting around those pesky foreign exchange rates...

Seriously, though.  If you really want to use your bitcoins on Amazon, just go through Gyft.

Good effort lads! Reconsidering or FUD?

https://bitcointalk.org/index.php?topic=572149.0

All things in good time my friend

Although BTC is necessarily be the currency of the future, there are a few altcoins that may see the spotlight before big vendors/markets start adopting virtual currencies.

very wise  8)                       fear it will take more than a few of us bitcointalkers, ..every little helps ;)

1.) I find it hilarious that their form response has so many grammatical issues.

2.) More importantly - if you really want to make a bigger impact, send them a physical letter. Seriously. If thousands of people sent them a physical letter it would mean more than if tens of thousands emailed them via the customer support form.

3.) If you own Amazon stock, go to a shareholder meeting. If you hold a lot of their stock, request that this be brought up as a discussion topic.

"A disappointing news?"
Doesn't working at Amazon require any education what soever? Count me in!

Come up with a way to integrate BTC into their established payment systems with minimal hardware replacement costs, and boom!  You can get them to do it. 

Apologies on beforehand if I seem stupid for saying this, but wouldn't them getting a bitcoin address be enough?

How do you put that BTC address into their little keypad at the checkout line in their current system?  Reprogram it?  Or replace it with a device compatible to connect to their own private exchange?  The root problem is overhead versus benefits, not technology.

+1 Very lol   ;D

Much grammar
very english
such amazon
:D

Nice market wrap just posted from Thomas (MadBitcoins):

http://www.youtube.com/watch?v=U2Qvvgx8yF0

Remember, Amazon didn't even blink at bitcoin 2 years ago... we need to give it time.

We need to get amiable, influential CEO's on-board, with larger net worth than Amazon's declared $40Billion assets.

http://en.wikipedia.org/wiki/List_of_largest_companies_by_revenue (lol most of them are Rothschild companies)

I'll give Richard Branson a call later

Of course, these are the kinds of things you can't rush. Need to take
the time to get it done right, and be rewarded properly in the end. :)
Also these major companies can't make quick desicions due to all the
work that has to go in changing even the most minor thing.

Yeah that was one of my favorite parts, also "regarding the Bitcoins"

And then a line lower they say bitcoins again but this time not capitalized. Consistency?

Also "brought this up to our attention" ?

Look I wouldn't be this critical if someone posted that as a post on a forum but that is supposed to be an official communication from a business. Maybe have someone whose first language is English write the letters?

Exactly, it's a formal text and should be treated as such.

Alternatively there's scope for the major corporations by market capitalization to follow by example

Although Amazon may have commissioned a research panel to investigate the potential integration of Ƀ on thier POS platform(s), which personally I doubt and believe not truly representative owing to customers lack of demand.

Do we have any Amazon Power Sellers/Traders here?, Would like to hear from you. I guess Amazon would have reached out to some high volume traders and asked them whether they would like to accept Ƀ.

This is not a plug, however I do have respect for the developer Tom Tang of Corkett, he has just recently launched and aims to compete against Ebay, Craigslist, Gumtree, etc.

Website: https://www.corkket.com/   please check it out and support  :)

Press: http://www.coindesk.com/corkket-com-ebay-craigslist-local-bitcoin-classifieds/

One the biggest players by market capitalization, Walmart group recently filed suit against Visa over their processing fees. It's sad but only once major corporations can viably increase profits & efficiency, as demonstrated by the likes of Corkett and other Ƀ enterprises, will they properly invest in considering using Ƀ.

Heads up, check the other amazon thread about mailing them directly! Contribute if you want to.

Cheers Bro, will get on board: Other bitcoiners experiences with Amazon support crew; https://bitcointalk.org/index.php?topic=572008.0

Think you meant to quote me rather than yourself? ;)
No problem nonetheless.

Only a matter off time

Walmart group partners with Ria Money Transfer to implement it's own centralized fiat processor.

Do you think this is why they removed the GYFT support recently?

http://www.cnbc.com/id/101589205

https://www.riamoneytransfer.com/

I believe it could be use bit coin in Amazon or other sites one day, just wait

@ btc1, billysweird - Nice one gents, I think you are both right  ;)

If Amazon's analysts can prove a significantly greater net via implementing BTC, then it will be financially justified.

For example:

As a retailer, is it cheaper for me (and yields better profit margin) to integrate Coinbase +  a PCI DSS service provider to my business? Or would this end up costing me more, as I don't think there is a free PCI DSS/payment processing service out there?

This is a strange one, but what if Amazon went 100% BTC for consumers/merchants in order to negate 3rd party payment processor service fees (Visa/Mastercard/Diners/Unionpay), would they lose a ton of business or would they actually end up increasing their market share?

They never said "we'll NEVER accept bitcoins".
But they clearly need time. :)

Which is a good thing because this means we have plenty of room to grow, and keep growing exponentially until pretty much everyone uses bitcoin.

Also, I never bought anything at amazon, not because I don't like what they have to offer, but because you can only pay them won't credit cards, and I don't have one and I don't plan on getting one either.

Yes.

Like all business system (and not people) ... revolution append every year.