Oh yeah, I've spent thousands there. I just checked and found that if I log in and proceed to checkout there are payment options, including bitcoin. I see it on the same page that prompts me for a shipping address.
I have not bought a car from them but I thought it worked like this:
Dealers advertise on overstock and If someone buys then overstock basically buys it cheaper from the dealer and resells it to you at the advertised price. The dealer takes a bit of a hit, but does nothing to get the sale. So your right, its not their car they are selling. More like a scheme that makes both parties a profit.

EDIT: here is a pic.

I remember reading stuff like this 5 years ago when bitcoin was worth about a dollar.  

1). Hmm. Since when has overstock stopped taking btc? I shop there all the time. And if you look at the link I sent, you will see that they do sell used and new cars of every kind.
2). have not shopped with them.
3). Not sure where Tesla is at the moment. But they have announced that they will build you a car for bitcoin if you ask them. 

Ah, Glad to see it all worked out. You did everything right, just backed up I guess.

it's early. I would guess that Africa may surpass the west in bitcoin use at some point. The economies there are ripe for a bitcoin option. Kinda like what happened to cell phones in the third world. Many places skipped the land line phase and saw greater mobile use than the developed world.

I think you are looking at "change". A weird aspect of BTC. You will be sent back your change and all will be good.

Read this! https://en.bitcoin.it/wiki/Change

For anyone who does not know...
Bitcoin fees are voluntary and not required. However, miners keep the fees for including transactions in blocks as payment for service. They can choose which transactions to include and, of course, are more likely to go for those that include a fee. Tx's with no fee will almost certainly be in a block eventually. Those with high fees are often prioritized. In the big picture the fee gravitates toward the lowest profitable amount.  

You could just buy the car with bitcoin and avoid all the hassle?

Buy any kind of car:
http://cars.overstock.com/?referrer_id=ZOSCOHP0001&TID=HEAD:Cars

Buy any car and have it delivered:
https://www.beepi.com/

Have a custom electric car made to order:
https://www.teslamotors.com/

There are actually many other car dealerships that take bitcoin. Your wasting your time and bitcoin switching back and forth between currencies. Bitcoin IS MONEY!

That is what I would do also. However let me offer a defense of payment processors.
I have talked to a lot of businesses about BTC and they often have the same concerns. One realistic concern is price volitility. For a business the money never stops flowing in and out. They need most of each sale to cover fixed costs and new stock. It would be disastrous to get a lot of business in bitcoin then watch half of it go away in a crash. Many businesses can't weather that uncertainty.  
There is also the problem of managing a wallet. This is all so new, and with money on the line it can be scary to amass bitcoin. Someone at the business would need to know how to safely collect, store, and cash out bitcoin. It may make more sense for a place to farm out the bitcoin processing for low fees. My guess is that the future will see a diversity of systems from "roll-your-own" to "never-touch-bitcoin" processing.  

A restaurant near me does just that. At the register they have a QR code taped to the counter. Bitcoin users just scan that QR and send. The wait staff then check the balance to confirm the Tx. Then the waitress holds out her phone for a tip! kinda cool an very simple.   

I was responding to the bold assertion of $50 bitcoins. A claim with absolutely no supporting evidence. I have seen claims like this since I started with bitcoin in 2010. I don't disagree with your claim of not knowing the future, in fact I totally believe that to be true.

Well I hear a lot about P&D, but I never see anyone show the method or provide any proof.

Ive made sick money ignoring anonymous, unsubstantiated speculation like this. By all means, please continue. 

I ditched ios for android over bitcoin. Not sure where they are now, but apple was not allowing full wallet apps for a long time. I also am not a fan of the "walled garden" approach. Hell, for example is a walled garden. 

None of us bitcoiners like to pay fees, however the price is right for retailers. Consider that a credit card would charge your business 3% and take days to clear. With bitpay the dollars are in your bank account that night and you are never exposed to price volitility.
You could retain 100% of the customers money by managing your own wallet, but there are security and volitility concerns that will require knowledge of the protocol. It may be worth 1%.

How the hell would anyone know that? Do you just want to hear some good news? Ok man, sure you will have 6 figures. Does that help?

I think the question is "would it kill the internet"?
Assuming the electricity came back on, then I think the internet and bitcoin would bounce back quickly. However it may hurt adoption to see a real loss of service for any length of time. 

BitPay is easy and works well. It gets you out of managing a wallet because you never really handle the bitcoin side of it.

A better option might be to use a money order to fund an exchange account. This leaves no link to your bank account and takes about the same time.

Come on guys, he is a BTC economist. You need to do what the experts say!!!

July 09, 2011