Amazon is going to accept bitcoin in the near future

[Hyena]

Well, it looks more like a standard automated cut and paste reply to me. From their business viewpoint, they won't integrate as long as the volume is not big but when this starts to go mainstream, I'm sure you don't even need to send an email asking them for a favor. They will voluntarily do it. But I'm sure like every big business entity they are monitoring the progress of bitcoin.

I don't understand why they don't do it already.
Sure, if no one did it before, it would be way to risky, but I mean even Microsoft is already in. What the hell are they losing except clients? eBay needs to get with the times as well, same for Steam.

Exactly, Steam! They could have in-game payments in bitcoins because that's where bitcoin would really rock.

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[Hyena]

Well, it looks more like a standard automated cut and paste reply to me. From their business viewpoint, they won't integrate as long as the volume is not big but when this starts to go mainstream, I'm sure you don't even need to send an email asking them for a favor. They will voluntarily do it. But I'm sure like every big business entity they are monitoring the progress of bitcoin.

I don't understand why they don't do it already.
Sure, if no one did it before, it would be way to risky, but I mean even Microsoft is already in. What the hell are they losing except clients? eBay needs to get with the times as well, same for Steam.

Accept crypto? Lose money

That's because they decide to hold some of their earnings in BTC. This is not even news. If they started accepting BTC in 2013 they would still be in green.

edit: whatever

[hilariousetc]

Well, it looks more like a standard automated cut and paste reply to me. From their business viewpoint, they won't integrate as long as the volume is not big but when this starts to go mainstream, I'm sure you don't even need to send an email asking them for a favor. They will voluntarily do it. But I'm sure like every big business entity they are monitoring the progress of bitcoin.

I don't understand why they don't do it already.
Sure, if no one did it before, it would be way to risky, but I mean even Microsoft is already in. What the hell are they losing except clients? eBay needs to get with the times as well, same for Steam.

Accept crypto? Lose money

Well that's the risk you take when you hold a percentage of coins instead of using a payment processor, but who knows how much those coins might be worth in the future.

[AceWallen]

so... a generic response from a front-line customer service rep that says nothing. nice!

OP: Gyft is online 24 hours a day.

[NUFCrichard]

Well, it looks more like a standard automated cut and paste reply to me. From their business viewpoint, they won't integrate as long as the volume is not big but when this starts to go mainstream, I'm sure you don't even need to send an email asking them for a favor. They will voluntarily do it. But I'm sure like every big business entity they are monitoring the progress of bitcoin.

I don't understand why they don't do it already.
Sure, if no one did it before, it would be way to risky, but I mean even Microsoft is already in. What the hell are they losing except clients? eBay needs to get with the times as well, same for Steam.

Accept crypto? Lose money

Well that's the risk you take when you hold a percentage of coins instead of using a payment processor, but who knows how much those coins might be worth in the future.

They have a paper loss if they still have the Bitcoins.  If they hold and the price rises, they have lost less or maybe gained.
As the number of Bitcoin they have has stayd the same, they haven't really lost anything, tax wise anyway I assume.

I doubt they will be complaining when the price rises again. 

[Elwar]

Contacted their customer support today with the following message:

Hi!

I can only pay with bitcoins but you don't accept that payment method. I also cannot
exchange the bitcoins for a gift card on a 3rd party web service because none of
them is currently online. Please integrate with bitpay or start accepting bitcoin
payments directly so that I can order from your site.

Interesting, have you dropped your credit cards as well? I have sent similar e-mails to merchants telling them that I am dropping my credit cards and using bitcoins.

Maybe I should create a thread so we can coordinate our e-mails to merchants.


Edit: Here it is
https://bitcointalk.org/index.php?topic=1100748.0

[Hyena]

Interesting, have you dropped your credit cards as well? I have sent similar e-mails to merchants telling them that I am dropping my credit cards and using bitcoins.

Maybe I should create a thread so we can coordinate our e-mails to merchants.


Edit: Here it is
https://bitcointalk.org/index.php?topic=1100748.0

I have never used my debit card as a credit card because I don't trust it and I don't like the idea of taking a loan. I do use a debit card for OTC purchases. For international purchases I can only use bitcoin because I don't have a paypal account and I don't intend to create one. Also, I don't think online merchants accept SEPA bank transfer as a payment method, although I haven't looked into it.

[okae]

is always good to hear that from a big company like amazon, but i dont beleive his reply since they didnt accept paypal yet for example, so i didnt know what to think about it.

btw as i sayd, would be awesome if they do it, lot of big companys will do the same after see it.

[jbrnt]

Well that's the risk you take when you hold a percentage of coins instead of using a payment processor, but who knows how much those coins might be worth in the future.

Overstock does use a payment processor. They do not accept bitcoin directly:

"At present we do not accept bitcoin payments directly, but use a third party vendor to accept bitcoin payments on our behalf. That third party vendor then immediately converts the bitcoin payments into US dollars so that we receive payment for the product sold at the sales price in US dollars."
http://www.coindesk.com/overstock-reports-over-100k-in-bitcoin-losses-for-q1-2015/

If they are holding cryptos, they should have bought them from the market or back from the payment processor in a separate deal. They lost $117,000 on its investments in cryptos in 2015 Q1. The report said "crypto" not bitcoin, Overstock may be holding litecoin or doge other than bitcoin as investment.

[randy8777]

is always good to hear that from a big company like amazon, but i dont beleive his reply since they didnt accept paypal yet for example, so i didnt know what to think about it.

btw as i sayd, would be awesome if they do it, lot of big companys will do the same after see it.

maybe that they just don't incorporate bitcoin because of the blocksize. if such a company indeed accept bitcoin as form of payment, then it will result in full to nearly full blocks if it turns out that amazon sells a lot via bitcoin.

[Elwar]

is always good to hear that from a big company like amazon, but i dont beleive his reply since they didnt accept paypal yet for example, so i didnt know what to think about it.

btw as i sayd, would be awesome if they do it, lot of big companys will do the same after see it.

maybe that they just don't incorporate bitcoin because of the blocksize. if such a company indeed accept bitcoin as form of payment, then it will result in full to nearly full blocks if it turns out that amazon sells a lot via bitcoin.

Ya, because everyone is worried about the blocksize upgrade, even Amazon 

[HigsonPP]

they still don't provide paypal support and they would respond in the same way if you ask them, still uncertain about their future bitcoin support...

yet i like how you said that you can only pay in bitcoin, i guess one should lie to help bitcoin adoption  

Haha, I liked the part too when he said he can only pay through bitcoins. Lying might not be an accurate word, manipulating might be
I think amazon will provide payment support very soon, much more types of payment modes can be supported.

[maxvolts]

I order from amazon all the time using bitcoins through: https://giftoff.com/ have used them loads of times without any issues at all.

[Shiver]

If it suited their accounting purposes, they could have said "we lost $xxxxxx in opportunity because we were too slow to get into BTC".

Well, it looks more like a standard automated cut and paste reply to me. From their business viewpoint, they won't integrate as long as the volume is not big but when this starts to go mainstream, I'm sure you don't even need to send an email asking them for a favor. They will voluntarily do it. But I'm sure like every big business entity they are monitoring the progress of bitcoin.

I don't understand why they don't do it already.
Sure, if no one did it before, it would be way to risky, but I mean even Microsoft is already in. What the hell are they losing except clients? eBay needs to get with the times as well, same for Steam.

Accept crypto? Lose money

[Finchy]

Well, it looks more like a standard automated cut and paste reply to me. From their business viewpoint, they won't integrate as long as the volume is not big but when this starts to go mainstream, I'm sure you don't even need to send an email asking them for a favor. They will voluntarily do it. But I'm sure like every big business entity they are monitoring the progress of bitcoin.

I don't understand why they don't do it already.
Sure, if no one did it before, it would be way to risky, but I mean even Microsoft is already in. What the hell are they losing except clients? eBay needs to get with the times as well, same for Steam.

Accept crypto? Lose money

Well that's the risk you take when you hold a percentage of coins instead of using a payment processor, but who knows how much those coins might be worth in the future.

They have a paper loss if they still have the Bitcoins.  If they hold and the price rises, they have lost less or maybe gained.
As the number of Bitcoin they have has stayd the same, they haven't really lost anything, tax wise anyway I assume.

I doubt they will be complaining when the price rises again. 

I don't think they are complaining about anything just publishing their finances. I'm sure they're aware of the risks involved with bitcoin, and I'm sure they will hold for the considerable future, but nothing is guranteed with bitcoin. It's possible they may never recoup that money or are not willing to hold onto them for long enough.

[kingaltcoins]

they will eventually dump at some point, i'm not really convinced that this adoption will be a good thing

[Chalkbot]

I sent a similar email to Amazon about two years ago and got the same response, so... Still coming soon(tm)!

[Amph]

they will eventually dump at some point, i'm not really convinced that this adoption will be a good thing

it will be, because will use bitcoin more, if amazon was to accept it, the fact that they will dump huge amount also, mean that a huge amount of bitcoin was purchased before that

a 1:1 ratio which will favor buyers, in the end and will make the price more strong and stable

[zby]

Contacted their customer support today with the following message:

Hi!

I can only pay with bitcoins but you don't accept that payment method. I also cannot
exchange the bitcoins for a gift card on a 3rd party web service because none of
them is currently online. Please integrate with bitpay or start accepting bitcoin
payments directly so that I can order from your site.

Got this answer:

Hello,

I'm sorry if we did not meet your expectations. Unfortunately, we don't process Bit
Coins. However, I sent your inquiry and suggestion to the higher managements since
this is not the first suggestion from a customer. We do hope that in the near
future, we may be able to provide payments in all kind of payment methods.

I am sure I've seen a very similar conversation being quoted on this forum in 2011.

[HarHarHar9965]

Same lies, different words. However, it would be amazing if bitcoin is accepted as a method of payment gateway as I am an avid online shopper and spend most of my tokens, gift cards and cash buying amazon products. It will make things easier.