Why is Amazon.com still resisting the use of BTC for payment?

[aioc]

This is a corporate decision not to at this point of time,maybe the big bosses are not yet open to this kind of system because of the controversy surrounding Bitcoin,one experts on Bitcoin should be the one to explain how Bitcoin really works and why should they accept it..

[pereira4]

They are pussys. They are scared to take the step, so they are waiting for all the big companies to do it first. Steam is already in the game, next will be Paypal as we have seen that they are already getting patents to accept Bitcoin, even Dogecoin may be accepted.

After Paypal, Amazon will be forced to deal with it and jump on the winning team.

[doublemore]

Is it a business reason? Or perhaps the complexity of bitcoin accounting creating potential issues?

What do you think?

They want more people using it i guess, they mainly just want solid trade vehicles so buyer and seller are happy.  They then take a cut, everyone wins.  I think we will see paypal full into bitcoin pretty soon.

[Kprawn]

They opt for payment options where customers can do chargebacks and where extra services can be charged to make up for those faults. How nice is it, if your payment option have features where the

customers can lose money and where you can milk that threat and charge them extra fees {insurance} to cover that loss.  We also do not know what backroom deals these services has with other

payment methods.  ...Just imagine what profit is generated for banks and PayPal, if everyone use their service. 

[TastyChillySauce00]

from my thought,they're still worried about bitcoins fluctuating characteristic,when their user paying a stuff through bitcoin the price can be suddenly changing even the money automatically exchanged to FIAT when the user done sending the money(bitpay)

[bryant.coleman]

Right now Bitcoin is not popular enough to be considered by Amazon as one of the payment options. How many Bitcoin users are there who use the crupto-currency regularly? Out of the 100,000 or 200,000 users, less than 5% are regular users. That means that just around 5,000 or 10,000 individuals who are interested in making their payments through BTC.

[groll]

I think they dont want to involve in bitcoin, And the price of bitcoin isnt accurate, But i think sooner in the future they will accept bitcoin as payments

[allankey]

I am surprised Amazon has not accept BTC and it is difficult to understand.

I can perfectly understand why eBay has not because it is sleeping with Paypal.

[sillug]

They're still resisting to it simply because Bitcoin is still something so small compared to the rest.

[allankey]

The market capitalization of BTC is 8 billion,
What is the market cap for Paypal?

[Whosdaddy]

There are several possible reasons but I do think that the bitcoin adoption is still in probably experimental stage. They're probably looking into Steam's progress whether it becomes successful or not.
 
Although I'm pretty sure they'll be forced to adopt bitcoins as well as soon as 'the bigs' also starts accepting bitcoins.

[sbtctalk]

Do you think Amazon introduced "Amazon Coins" as a feeler for crypto currency?

http://www.amazon.com/gp/feature.html?docId=1001166401

What are Amazon Coins?
Amazon Coins are a digital currency (100 Coins = $1) that allows you to buy Android apps, games and in-game items for less. The more Coins you buy, the greater the discount.

Where can I spend coins?
You can spend Amazon Coins, like money, on apps and games from the Amazon Appstore. The Appstore is available for your Android phone or tablet, including Fire tablets.

[bittrojan]

Also I believe Amazon themselves are payment processors. That being the case they're not going to be into farming out to Bitpay and friends. No shortage of gift card options which are good enough for me. 

yes we know about it,amazon gift card just like payment for people to buy something on amazon,but i think next year or next 2 years,amazon will start to interesting to bitcoin,will be great news if that really happen.

[sbtctalk]

Or perhaps it is due to legality issues in certain countries?

There are so many possibilities. Perhaps there are refund concerns when people buy goods when bitcoins prices are high but chose to refund when prices are low to game the bitcoin gains?

Amazon is also a listed company. Concerns with SEC?

[SuperCoinGuy]

I think the main reason is that Amazon managers think that there won't be much interest from people purchasing stuff off Amazon with Bitcoin and there probably won't be enough completed sales to warrant the inclusion of a 3rd party payment processor like BitPay that will handle the Bitcoin transactions. Or perhaps the current volatility of Bitcoin isn't very attractive to them even though this can be easily remedied by exchanging the crypto for fiat at the current rate upon the time of purchase. But I think the main reason is just that Bitcoin won't create enough revenue on their platform as people tend to use it as a store of value and not as a digital currency. 

[pooya87]

i think it is mostly because of the anonymity of bitcoin versus money. when you are trading on amazon buying or selling when you use fiat you can be traced and so they might be afraid if they add bitcoin the number of frauds might increase.
although i think it can be easily prevented and i am just guessing that is the reason.

[sbtctalk]

i think it is mostly because of the anonymity of bitcoin versus money. when you are trading on amazon buying or selling when you use fiat you can be traced and so they might be afraid if they add bitcoin the number of frauds might increase.
although i think it can be easily prevented and i am just guessing that is the reason.

But if u purchase items on Amazon, the anonymity is reduced. Amazon or seller need a delivery address to send the goods.

[Divinespark]

Amazon's core business principle is to keep things simple and not to do anything unless their customers clearly indicate that they want it. Perhaps, they don't yet believe that BTC is such a must-have for the bulk of their customers. Probably rightly.

[avikz]

I think that companies like amazon are not accepting bitcoin for selling products due to its uncertain price movement.

The price of bitcoin can go upside down within one or two days. This kind of fluctuation in price is not good for business. Initially everyone hopes that bitcoin price will increase only. But for a business a contingency plan needs to be there if the price goes down. That is what stopping companies from accepting bitcoin.

[LFC_Bitcoin]

They will probably accept ETH before bitcoin.

That's a good joke.....WAIT.....you're being serious?