Have you used Bitcoin as Real money to buy Real/physical goods?

[achow101]

Why you say that refund is impossible?

The system should have one additional field of Bitcoin address in case of refund, that the user should fill as well when buying.

That's as easy as that, or am I missing something?

You can't reverse a Bitcoin transaction. Getting a refund relies on trusting the other guy to send the Bitcoin back to you. Most large business will do that, but some of the smaller ones probably won't.

[GODLIKE]

Why you say that refund is impossible?

The system should have one additional field of Bitcoin address in case of refund, that the user should fill as well when buying.

That's as easy as that, or am I missing something?

You can't reverse a Bitcoin transaction. Getting a refund relies on trusting the other guy to send the Bitcoin back to you. Most large business will do that, but some of the smaller ones probably won't.

Yes but it's not impossible at all.
When you use Paypal, and you ask for refund, you are not receiving some banknotes, the exact banknotes you gave to the shopper, right?
Paypal is granting for you.
Well the same should happen with Bitcoin.
I can't see a difference.
Sure, it must be a LARGE company, able to take into its shoulders some small fraud, but if you think that Bitcoin costs are far below the ones Paypal has to pay, it won't need too much time until a company like this will appear.
It could be Paypal itself that will begin to adopt Bitcoin, exactly to just cut legs to any other big company that could enter and take their place.

[achow101]

Why you say that refund is impossible?

The system should have one additional field of Bitcoin address in case of refund, that the user should fill as well when buying.

That's as easy as that, or am I missing something?

You can't reverse a Bitcoin transaction. Getting a refund relies on trusting the other guy to send the Bitcoin back to you. Most large business will do that, but some of the smaller ones probably won't.

Yes but it's not impossible at all.
When you use Paypal, and you ask for refund, you are not receiving some banknotes, the exact banknotes you gave to the shopper, right?
Paypal is granting for you.
Well the same should happen with Bitcoin.
I can't see a difference.
Sure, it must be a LARGE company, able to take into its shoulders some small fraud, but if you think that Bitcoin costs are far below the ones Paypal has to pay, it won't need too much time until a company like this will appear.
It could be Paypal itself that will begin to adopt Bitcoin, exactly to just cut legs to any other big company that could enter and take their place.

Paypal can just go into their database of paypal transfers and reverse a transaction. They can just delete it. So can credit card companies. But with Bitcoin, once the transaction is confirmed, it can't be deleted and the only way to refund is to trust that the seller will send the Bitcoin back. With Paypal and credit cards, the money doesn't actually reach the seller until much later. The third party companies can do all of the refunds and chargebacks. With Bitcoin, the money goes right into the seller's wallet, so instead of relying on a large credit card company or Paypal whose job is to manage these things, you need to trust the seller who only wants to make money.

[harizen]

Well I used to buy physical goods with my bitcoins but not directly as bitcoins payment which I will say to the counter that I will pay via bitcoin. I went to the shop (National Bookstore) to buy a book to my brother but were lack of money because we are surprised with the price. I suddenly used my online wallet app then convert my bitcoins instantly into cash then withdraw it in the near ATM.

[GODLIKE]

Why you say that refund is impossible?

The system should have one additional field of Bitcoin address in case of refund, that the user should fill as well when buying.

That's as easy as that, or am I missing something?

You can't reverse a Bitcoin transaction. Getting a refund relies on trusting the other guy to send the Bitcoin back to you. Most large business will do that, but some of the smaller ones probably won't.

Yes but it's not impossible at all.
When you use Paypal, and you ask for refund, you are not receiving some banknotes, the exact banknotes you gave to the shopper, right?
Paypal is granting for you.
Well the same should happen with Bitcoin.
I can't see a difference.
Sure, it must be a LARGE company, able to take into its shoulders some small fraud, but if you think that Bitcoin costs are far below the ones Paypal has to pay, it won't need too much time until a company like this will appear.
It could be Paypal itself that will begin to adopt Bitcoin, exactly to just cut legs to any other big company that could enter and take their place.

Paypal can just go into their database of paypal transfers and reverse a transaction. They can just delete it. So can credit card companies. But with Bitcoin, once the transaction is confirmed, it can't be deleted and the only way to refund is to trust that the seller will send the Bitcoin back. With Paypal and credit cards, the money doesn't actually reach the seller until much later. The third party companies can do all of the refunds and chargebacks. With Bitcoin, the money goes right into the seller's wallet, so instead of relying on a large credit card company or Paypal whose job is to manage these things, you need to trust the seller who only wants to make money.

Uh ok, there was a misinterpretation... Localbitcoins has escrow already, why Bitpay or Coinbase can't set it up as well?

[Alley]

I buy gyft cards all the time and just load my amazon account with them.  Save 3% this way. 

[achow101]

Uh ok, there was a misinterpretation... Localbitcoins has escrow already, why Bitpay or Coinbase can't set it up as well?

They might allow refunds, I'm not sure. But I think they also exchange the Bitcoin for fiat immediately, so they no longer hold the Bitcoin. They also allow the merchant to withdraw sooner than other companies do. Instead of waiting a few months, I think they only wait a few days before letting merchants withdraw their funds.

Also, there is a problem of how to refund people. Do they refund the Bitcoin paid or the exchanged currency equivalent amount of Bitcoin at the time of refund. E.g. if I want a refund for something I bought for 200 USD with 1 bitcoin do I get a refund of 1 Bitcoin when its price is 300 or do I get 200 USD worth of Bitcoin?

[GODLIKE]

Uh ok, there was a misinterpretation... Localbitcoins has escrow already, why Bitpay or Coinbase can't set it up as well?

They might allow refunds, I'm not sure. But I think they also exchange the Bitcoin for fiat immediately, so they no longer hold the Bitcoin. They also allow the merchant to withdraw sooner than other companies do. Instead of waiting a few months, I think they only wait a few days before letting merchants withdraw their funds.

Also, there is a problem of how to refund people. Do they refund the Bitcoin paid or the exchanged currency equivalent amount of Bitcoin at the time of refund. E.g. if I want a refund for something I bought for 200 USD with 1 bitcoin do I get a refund of 1 Bitcoin when its price is 300 or do I get 200 USD worth of Bitcoin?

You see? Everything can be done
Instead of converting immediately Bitcoins to fiat, hold them for 15 days.

I think the second problem is just a matter of choice.
As basically nobody can know how the Bitcoin market will evolve, they can choose the politics they want.

[mallard]

My only "real" purchase with BTC is a Ledger wallet.

[Kazimir]

Yes, I do groceries with Bitcoin. I go out for diner or the pub, and pay with Bitcoin. I pay for physical products and 'real' services weekly with Bitcoin!

[achow101]

Yes, I do groceries with Bitcoin. I go out for diner or the pub, and pay with Bitcoin. I pay for physical products and 'real' services weekly with Bitcoin!

Really? Do they accept Bitcoin or are you doing that with a Bitcoin Debit Card like Bit-x?

[tspacepilot]

Yes, I do groceries with Bitcoin. I go out for diner or the pub, and pay with Bitcoin. I pay for physical products and 'real' services weekly with Bitcoin!

Really? Do they accept Bitcoin or are you doing that with a Bitcoin Debit Card like Bit-x?

In major cities (especially in northern europe) there are a lot of pubs and businesses that provide for bitcoin payments.  In my city in the USA, the waiter usually brings over a tablet and shows you a QR code.  I then scan the QR code and send btc to the address and that's that.  They don't even make me wait for a confirmation (thank God, that would have been terrible during the spam/stress-tests).

[achow101]

Yes, I do groceries with Bitcoin. I go out for diner or the pub, and pay with Bitcoin. I pay for physical products and 'real' services weekly with Bitcoin!

Really? Do they accept Bitcoin or are you doing that with a Bitcoin Debit Card like Bit-x?

In major cities (especially in northern europe) there are a lot of pubs and businesses that provide for bitcoin payments.  In my city in the USA, the waiter usually brings over a tablet and shows you a QR code.  I then scan the QR code and send btc to the address and that's that.  They don't even make me wait for a confirmation (thank God, that would have been terrible during the spam/stress-tests).

Interesting. I haven't seen any around me but maybe that's because I'm not looking hard enough. Are there any accurate maps with all of the places that accept Bitcoin?

[Jeremycoin]

I just do it yesterday, I bought a "real" jacket with Bitcoin

It's my first time to buy a physical goods with Bitcoin

[tspacepilot]

Yes, I do groceries with Bitcoin. I go out for diner or the pub, and pay with Bitcoin. I pay for physical products and 'real' services weekly with Bitcoin!

Really? Do they accept Bitcoin or are you doing that with a Bitcoin Debit Card like Bit-x?

In major cities (especially in northern europe) there are a lot of pubs and businesses that provide for bitcoin payments.  In my city in the USA, the waiter usually brings over a tablet and shows you a QR code.  I then scan the QR code and send btc to the address and that's that.  They don't even make me wait for a confirmation (thank God, that would have been terrible during the spam/stress-tests).

Interesting. I haven't seen any around me but maybe that's because I'm not looking hard enough. Are there any accurate maps with all of the places that accept Bitcoin?

I can't gurantee the accuracy or up-to-datedness of these sources but coinmap is probably the best known:

https://coinmap.org/

There's also a page on the bitcoin wiki:

https://en.bitcoin.it/wiki/Real_world_shops

And I turned up a few places in my town by just googling the name of my town and "bitcoin"---where they restaurant had a webpage saying the accepted bitcoin on the page, I could find them this way.

Good luck!

[countryfree]

Unfortunately I haven't, but you give me hope. I guess I should just try, just like you did. I couldn't do it in a shop since I don't have a smartphone, but I'm buying used cars quite often. Next time, I'll propose to pay with BTC.

[Panadacoin]

I have bought virtual goods(video game key) with BTC. Not sure if this counts?

[misterycoins]

I've bought loads of shit with BTC. Before the 'crash' everyone thought I was stupid for spending it but I was buying stuff when the price was over 200 and getting excellent value.

[--Encrypted--]

I bought a necklace from a friend of mine using BTC. well actually I asked him to buy it for me using his money, then I returned it in BTC to force him to get started with bitcoin. 

also have bought couple of original video game CDs/DVDs in the past.

[momore]

It was my mum's birthday yesterday. And I wanted to buy a birthday cake for her, but when I reached the bread shop, I realized I forgot carrying my wallet and I had only a few bucks in my pocket.  I tried to talk to the boss of the shop if I can pay by bitcoin, to my surprise, she said YES and finally I paid the cake by bitcoin. 

This is my first time to use BTC as real money buying a real physical goods. 

As a bitcoiner, using BTC online is very common.  Have you ever used Bitcoin as Real money to buy Real/physical goods?  plz share your experience.   

I paid 0.1BTC to my classmate for her photo.