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Title: Retailers are missing the point of BTC Post by: Room101 on July 24, 2014, 02:03:54 AM As an Aussie, I have to say, all these retailers offering BTC payment are completely missing the point. Why would an American pay with BTC? A credit card is surely much much easier. It's us foreigners that need it, we get screwed by the currency conversion. At the moment the only person paying with BTC is someone that already had them, probably purchased much much cheaper, and is in effect cashing out. Nobody in their right mind would buy BTC just to purchase something online, the hassle and time involved is still ridiculous. But for something like a laptop, where currency conversion is usually around 3 -5 % of price, it could make a $100 dollar difference to everyone overseas, which would definitely drive adoption.
Dell, Overstock et al, get your shit together!! Take my BTC!!! Save me money!! Give me the satisfaction of denying Paypal their exorbitant currency conversion fees!! Title: Re: Retailers are missing the point of BTC Post by: Ucnatspel on July 24, 2014, 06:27:46 PM As an Aussie, I have to say, all these retailers offering BTC payment are completely missing the point. Why would an American pay with BTC? A credit card is surely much much easier. It's us foreigners that need it, we get screwed by the currency conversion. At the moment the only person paying with BTC is someone that already had them, probably purchased much much cheaper, and is in effect cashing out. Nobody in their right mind would buy BTC just to purchase something online, the hassle and time involved is still ridiculous. But for something like a laptop, where currency conversion is usually around 3 -5 % of price, it could make a $100 dollar difference to everyone overseas, which would definitely drive adoption. Dell, Overstock et al, get your shit together!! Take my BTC!!! Save me money!! Give me the satisfaction of denying Paypal their exorbitant currency conversion fees!! Well that is your opinion. In my opinion it is you who is missing the point. Do you think BTC was set up so that foreigners could buy american products and not pay currency conversion rates? ::) Title: Re: Retailers are missing the point of BTC Post by: ScreamnShout on July 25, 2014, 02:27:33 AM This is my .02 BTC
Bitcoin will lower transaction costs for retailers vs paying via cc. What they probably don't understand is what will be saved from charge backs or the lack thereof. Title: Re: Retailers are missing the point of BTC Post by: sed on July 25, 2014, 02:36:15 AM As an Aussie, I have to say, all these retailers offering BTC payment are completely missing the point. Why would an American pay with BTC? A credit card is surely much much easier. It's us foreigners that need it, we get screwed by the currency conversion. At the moment the only person paying with BTC is someone that already had them, probably purchased much much cheaper, and is in effect cashing out. Nobody in their right mind would buy BTC just to purchase something online, the hassle and time involved is still ridiculous. But for something like a laptop, where currency conversion is usually around 3 -5 % of price, it could make a $100 dollar difference to everyone overseas, which would definitely drive adoption. Dell, Overstock et al, get your shit together!! Take my BTC!!! Save me money!! Give me the satisfaction of denying Paypal their exorbitant currency conversion fees!! Waitaminute, Dell and Overstock are taking btc. You must mean that you want others to do as they do. Also, I think your point is about being an Aussie in USA. Basically the generalized case is anyone who is away from their home country and has to pay currency translation fees in order to purchase. The same thing would apply to an American in Paris, or whatever. Anyway, I basically agree with you that at the moment purchasing with BTC is probably like a cashout. Title: Re: Retailers are missing the point of BTC Post by: coinableS on July 27, 2014, 12:18:36 AM This is my .02 BTC Bitcoin will lower transaction costs for retailers vs paying via cc. What they probably don't understand is what will be saved from charge backs or the lack thereof. Not just retailers, bitcoin is changing the way many companies do business. New opportunities for MSBs and micro-lending especially. Title: Re: Retailers are missing the point of BTC Post by: west420 on July 27, 2014, 12:21:22 AM This is my .02 BTC Bitcoin will lower transaction costs for retailers vs paying via cc. What they probably don't understand is what will be saved from charge backs or the lack thereof. Not just retailers, bitcoin is changing the way many companies do business. New opportunities for MSBs and micro-lending especially. |