Amazon is going to accept bitcoin in the near future

[lissandra]

believe it or not, most people will frown at you when you say you know bitcoin lol.

so if the mass doesnt have a clue, then amazon isnt really going to see it anytime soon.

People will be familiar, and amazon is not the first that will implement, also fiver implemented and it is useful

I seen it on most check outs, now we just need people to get some sort of discounts for using it.

This way, people will go buy and search for it and possible temp increase value.

[prodigy8]

If Amazon starts accepting BitCoins eBay would follow suit.
I can't even imagine how hight BTC would skyrocket if they accepted BTC as payment

[farting_shot]

Past history shows that each time a major retailer starts accepting bitcoin, the price of btc has tanked. Food for thought. I really hope Amazon and eBay start accepting bitcoins, it will cause massive crashes. LOL.

[Alley]

If Amazon starts accepting BitCoins eBay would follow suit.
I can't even imagine how hight BTC would skyrocket if they accepted BTC as payment

Unless they offer a discount i dont think it will rise.  There is no incentive to buy bitcoin from a exchange and spend it at amazon.  Its a extra step and people already got there credit cards filed with amazon.

[Chef Ramsay]

Stop the conversation! The only thing that would matter here (and no, I didn't scan the middle pages) is that if Amazon would accept bitcoin, that they should actively advertise discounts for paying w/ it (I'm a broken record about that sort of thing but it is the apex of bitcoin payments). Unless this happens, this move would just add to selling pressure unless there is a residual demand to purchase w/ bitcoin to receive said discounts in such a large trading/good purchasing place. Don't ever fall for these stories of places accepting bitcoin unless they give a % off because you use bitcoin's utility to pay them. As it is, you pay a markup on bitcoin in most buying zones unless you catch it on an exchange where the risk is insolvency at some miniscule rate.

[ammy009]

but what about purse.io ? Isn't the solution for buying from amazon with bitcoins ?

[horace0812]

Good to hear that,
once Amazon accept BTC, it also force other companies to accept,
which means most goods / services can be bought by BTC in the near future

[Amph]

If Amazon starts accepting BitCoins eBay would follow suit.
I can't even imagine how hight BTC would skyrocket if they accepted BTC as payment

Unless they offer a discount i dont think it will rise.  There is no incentive to buy bitcoin from a exchange and spend it at amazon.  Its a extra step and people already got there credit cards filed with amazon.

not only that but amazon will dump it as a fast as possible, so the price will not rise much because of this too, like it happened when newegg and dell and microsoft accepted it, there was a dump actually at first...

but you can except a slow rise if they will accept bitcoin along with ebay

[EternalWingsofGod]

If Amazon starts accepting BitCoins eBay would follow suit.
I can't even imagine how hight BTC would skyrocket if they accepted BTC as payment

Unless they offer a discount i dont think it will rise.  There is no incentive to buy bitcoin from a exchange and spend it at amazon.  Its a extra step and people already got there credit cards filed with amazon.

not only that but amazon will dump it as a fast as possible, so the price will not rise much because of this too, like it happened when newegg and dell and microsoft accepted it, there was a dump actually at first...

but you can except a slow rise if they will accept bitcoin along with ebay

Yep, a nice price drop as coins are dumped into the market due to strong sell pressure from all the conversions but then over time a gradual growth in the userbase and number of people who retain their Bitcoins for longer durations resulting in a price increase.

That said who knows a year is a while in the tech sector they might be more interested in it after observing how it operates for a year, but while we wait there are still a lot of other places to get goods.

[SmartIphone]

If Amazon starts accepting BitCoins eBay would follow suit.
I can't even imagine how hight BTC would skyrocket if they accepted BTC as payment

Ebay will implement bitcoin immediately of course, and many other smiliar sites.

[LFC_Bitcoin]

I don't think Amazon are going to accept BTC yet, not in the near future but trust me if/when they do it'll be huge for BTC. Amazon is supposedly the biggest online marketplace in the world, if/when they start acceptiing BTC forget the moon, we'll be fired into another galaxy.
Are there any rumours suggesting this is a possibility or is it just wild speculation/hope?
Something like that seems to good to be true, we'd all be rich if this ever happened. Fingers crossed hey.

[pooya87]

If Amazon starts accepting BitCoins eBay would follow suit.
I can't even imagine how hight BTC would skyrocket if they accepted BTC as payment

Unless they offer a discount i dont think it will rise.  There is no incentive to buy bitcoin from a exchange and spend it at amazon.  Its a extra step and people already got there credit cards filed with amazon.

not only that but amazon will dump it as a fast as possible, so the price will not rise much because of this too, like it happened when newegg and dell and microsoft accepted it, there was a dump actually at first...

but you can except a slow rise if they will accept bitcoin along with ebay

i think the fact that they would dump the coins doesn't affect the price. because the news of Amazon accepting bitcoin first of all will cause a chain reaction that in short term we can see a lot of others like Ebay start accepting bticoin.

on the other hand this news can make more people buy bitcoin which will cause an increase in demand that causes the price to rise.

also the news alone will shift the market towards higher prices since it is a good news and it would be  anticipated that demand will rise.

[btcjoin14]

It would be great .for Bitcoin to take off, retailers must accept it and must have success doing so.

[Alley]

Again, why would a average Joe buy bitcoin on a exchange and pay a 1% fee just to go spend it at amazon?  In that scenario its more expensive to use bitcoin then credit card.  Now it would be different if we were on a uptrend and you bought bitcoin wanted 2 weeks to spend it and price was $10 higher.

[unholycactus]

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.

to the higher managements = the shredder by his desk and that's assuming he printed your email instead of replying with an automated message.

[gentlemand]

Again, why would a average Joe buy bitcoin on a exchange and pay a 1% fee just to go spend it at amazon?  In that scenario its more expensive to use bitcoin then credit card.  Now it would be different if we were on a uptrend and you bought bitcoin wanted 2 weeks to spend it and price was $10 higher.

That would be dead cool but just as unsustainable and would probably scare off as many people as it turned on.

Retail with BTC needs quite a few major readjustments. I'm not so sure they'll ever arrive. Most retailers have so little margin that there wouldn't be enough discount to attract buyers. If the potential savings worked down the entire supply line then it might happen.

[jaberwock]

Again, why would a average Joe buy bitcoin on a exchange and pay a 1% fee just to go spend it at amazon?  In that scenario its more expensive to use bitcoin then credit card.  Now it would be different if we were on a uptrend and you bought bitcoin wanted 2 weeks to spend it and price was $10 higher.

To save international buy fees, if they are importing stuff.

And people need to spend what they earn with signature campaigns etc, sucks lose X% of my value in BTC when I need to buy something

[twister]

but what about purse.io ? Isn't the solution for buying from amazon with bitcoins ?

Whether it is a solution or not is irrelevant to the discussion happening here, if you're thinking of in-direct solutions, you'll probably find ways of buying things from other sites using bitcoin with a middleman in between. What we really want is to have companies accepting bitcoins directly, so people can shop and pay directly without having to rely on a third party.

Stop the conversation! The only thing that would matter here (and no, I didn't scan the middle pages) is that if Amazon would accept bitcoin, that they should actively advertise discounts for paying w/ it (I'm a broken record about that sort of thing but it is the apex of bitcoin payments). Unless this happens, this move would just add to selling pressure unless there is a residual demand to purchase w/ bitcoin to receive said discounts in such a large trading/good purchasing place. Don't ever fall for these stories of places accepting bitcoin unless they give a % off because you use bitcoin's utility to pay them. As it is, you pay a markup on bitcoin in most buying zones unless you catch it on an exchange where the risk is insolvency at some miniscule rate.

"Yes Chef"

[Q7]

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.

[pereira4]

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.