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

[Superways]

But is in its initial stage and now it need more success and for that we have to support it more and have to promote it to everywhere , and when bitcoin become an established currency, it will be accepted by al the big companies.

[richmcrich]

i heard something that they wanted to release their own cryptocurrency so i guess that might be the case, though i cannot find anything about that right now, i guess the time will tell what was the case

Really? I'd love to know if they really are planning on doing that. I'm sure it's going to be profitable altcoin and good for us traders.
Nonetheless, I would also love it if amazon would start accepting bitcoins.

[Hellacopter]

I think Amazon like other trading platforms still think that's risky to use BTC for payment to protect the customers as Bitcoin's user is anonymous as known. But i hope they change their mind about this soon.

[StoreBit]

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

What do you think?

Maybe a business reason.They may not be aware of bitcoin potential or may be afraid of the fluctuating nature of bitcoin price..Besides this I cannot think of any other reason.

yes it may be. but i think it is also possible that they have so limitation with it. it may have so bad effect on their business. or may one  be their internal reason that they do not want to disclose. other wise there is nothing wrong in bitcoin that can compel some not to use bitcoin.

[wintermeasures]

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

What do you think?

I think amazon thinking, why should use bitcoin which we know has an unstable price fluctuations and not to mention issues about bitcoin. I think they prefer the old way that they have done from the first. Thank you

[iv4n]

We can just guess why they still didn't accept bitcoin as payment method. If I can guess anything I would say its cause bitcoin is not stable currency and cause still many people didn't hear about bitcoin. Bitcoin need to become much more present in this world and among the people of this world. Of course there is always a question of bitcoin used for illegal purposes. There is many other reasons for sure, but I think over the time that will change. Bitcoin is more present now then 5 years ago, for 5 years we can expect even more people to be familiar with bitcoin and blockchain. Community is growing and that will make Amazon to question their decision.

[woola3]

I think the main reason is bitcoin's price volatility. If they adopt btc they could easily end up having thousands of btcs. That makes a $20 drop a huge loss. For that reason they would have to immediately change their coins for fiat. I don't see a serious reason for them to bother and begin such a process, at least for now with a still under development coin. In the future they will most probably accept cryptos.

[Lionidas]

Just like why newegg stopped accepting bitcoin. It is just not part of their "business plan" 

BS plan if you ask me.

[richkellj]

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

What do you think?

Amazon.com doesn't like bitcoins nor will it anytime soon accept bitcoin payments. They had conducted a survey few years back and they found that customers don't consider it as a good payment method. We need to accept that bitcoin isn't that popular among masses and if Amazon cannot find a decent number of people using bitcoins, they won't introduce it as a payment method.

[toptek]

They did once upon a time then stopped .!!!

[Barbut]

It's not taht just Amazon don't accept payments in bitcoins, there is many other big companies and many more people out there who are still suspicious about block chain technology. Probably not just suspicious, also doubt and fear from something totally new.
Bitcoin exist less then 10 years, and for this time bitcoin made a huge success. From zero to 650 $, and so many people involved bitcoin have potential for more. I think all bitcoin needs now is stability and to survive next 10 years, that will open the door to the shiny future and there everyone will accept btc like any other currency.

[Jemzx00]

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

What do you think?

Well it's hard to accept bitcoin as payment to such famous online shops such as Amazon since bitcoin is mostly known by people as a illegal online money due to it's anonymity and it being used illegally such as Deepweb. Even other country consider bitcoin as illegal.

[eaLiTy]

They did once upon a time then stopped .!!!

i never knew about it.when did amazon accepted bitcoin ? are you just bluffing or what. i am purchasing from amazon for a very long time and i never noticed the option you are telling

[jethrorn99]

I think it's because it's harder for amazon to make bitcoin to dollar. Or maybe it's because bitcoin got a lot of bad names in the news, they're not convinced enough to use bitcoin.

[helloeverybody]

Eventually they will cave and accept bitcoin but i know eBay users are very wary of bitcoin or certainly the ones I've dealt with. At least if Amazon accepted it i don't think it would take bitcoin much higher but it could do long term.  It would certainly improve adoption somewhat but i guess if amazon had any concerns then they wont.

[betohell]

i heard something that they wanted to release their own cryptocurrency so i guess that might be the case, though i cannot find anything about that right now, i guess the time will tell what was the case

I think even though they make new cryptocurrency specifically for payment on their own sites. still more cryptocurrencu will not be able to win against bitcoin I'm sure it

[abugseuf]

They did once upon a time then stopped .!!!

not only amazon but there are so many other trading platform who are resisting bitcoin. but i am sure that the time is now not too far when they will do advertisement to be trade from their plate form. i it is not a big issue now and all these isssues will be solved very soon.

[AioFox]

Though Amazon does not currently accept the use of bitcoins directly on their website, but you can use bitcoins for Amazon product purchases by using your wallet to buy an Amazon digital gift card. Tom Taylor considered using Bitcoin he says Bitcoin isn't currently accepted as a currency in the US, China, Russia or India. It exists in a legal gray area where it's not legitimate, but not outlawed either.

[bravehearth0319]

In my assesment, that is obviously business reason. As far as I know Amazon.com have their own credit cards while Bitcoins don have.
But I do believe in the long run whether they like it or not amazon.com will adopt or accept bitcoins.

[vlight]

They don't want BTC in their ecosystem and will delay its adoption as long as possible. My guess is they would rather develop their own cryptocurrency then use Bitcoin.