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

[marcuslong]

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.

AmazondotCom will adopt it in future but i think they studying bitcoin stability. Because this is a business the manager want to dont loose money so if they accept bitcoin. They need some good at bitcoin trading so that they can solve some issues about bitcoin. Because there have some issue about the price of bitcoin will dump so their money will loose and they need to wait more time to get back the price of bitcoin.

[Labumi]

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.

It might just happen. Because I noticed that all of the online store will want to get a bigger profit in harnessing the opportunities that exist. But I think it will have no impact positive for amazon, because bitcoin is a currency that is already extraordinary

[romero121]

Regularly you can experience at least a minor fluctuation in the price. This fluctuations indirectly make variations in the shares and stack of the company. I believe for this reason Amazon still resisting use of bitcoin into their business.

[Strongkored]

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.

Yeah i agree with you, in the near future they inevitably will definitely add bitcoin as a payment option. But it is still not we know for sure, and I think amazon not add bitcoin for large companies like Amazon are afraid to lose if using bitcoin. because we know that bitcoin prices is fluctuate. And certainly, without bitcoin they still get a big profit.

[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.

AmazondotCom will adopt it in future but i think they studying bitcoin stability. Because this is a business the manager want to dont loose money so if they accept bitcoin. They need some good at bitcoin trading so that they can solve some issues about bitcoin. Because there have some issue about the price of bitcoin will dump so their money will loose and they need to wait more time to get back the price of bitcoin.

In that case you have a point, maybe they still waiting for a right timing to it before they decide to adopt the system of Bitcoins. It could be a stable price of bitcoin isn't? or til nor there doing feasibilty about how there going to adopt it properly without any issues.

[marcuslong]

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.

AmazondotCom will adopt it in future but i think they studying bitcoin stability. Because this is a business the manager want to dont loose money so if they accept bitcoin. They need some good at bitcoin trading so that they can solve some issues about bitcoin. Because there have some issue about the price of bitcoin will dump so their money will loose and they need to wait more time to get back the price of bitcoin.

In that case you have a point, maybe they still waiting for a right timing to it before they decide to adopt the system of Bitcoins. It could be a stable price of bitcoin isn't? or til nor there doing feasibilty about how there going to adopt it properly without any issues.

Yup they still waiting the right time. I think the price of bitcoin now is not stable.  The right time is when the bitcoin price will be stable. It will be stable if bitcoin will be currency in future. Yeah they adopt it if they surely knew the system of bitcoin and if they can solve any issues about bitcoin

[neochiny]

i don't  think that there's a lot of reason why amazon.com isn't accepting bitcoin, because there's only one
and it is instability. just the word instability will cause any business man to have a doubt on something
that is unstable. but i think stability wont be achieve by bitcoin because of its deflation system.

[btcYoshimitsu]

Wikipedia also does not accept Bitcoins. I think this is a mistake. For some, much easier to send Bitcoins than using a credit card or paypal.

[inspiring.rai]

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

What do you think?

the price of bitcoins keep on fluctuating time to time.....this may be one of the reason

[davis196]

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

What do you think?

Perhaps it costs too much to adopt bitcoin as a payment method and the profit from that investment

for Amazon will be very small or even zero.

Maybe Amazon is too big and the bitcoin community is too small.

[Jimbola3]

Wikipedia also does not accept Bitcoins. I think this is a mistake. For some, much easier to send Bitcoins than using a credit card or paypal.

Its not a mistake  its the business strategy and as op stated as due to the high fluctuation of bitcoin price they fear to accept them that's all but hope soon they will compromise with it and start accepting it

[ranochigo]

Implementing BTC for payment isn't hard but it can be quite a hassle if there aren't many people using Bitcoins. The price flucation would probably make it hard for them to not lose any money if the price falls. Purse.io is already a good alternative for purchasing stuff on amazon using Bitcoins.

[Superways]

Wikipedia also does not accept Bitcoins. I think this is a mistake. For some, much easier to send Bitcoins than using a credit card or paypal.

Its not a mistake  its the business strategy and as op stated as due to the high fluctuation of bitcoin price they fear to accept them that's all but hope soon they will compromise with it and start accepting it

I think the fluctuation alone is not the matter for which they do not want to accept bitcoin as fluctuation is existed in every currency, in some it is at large scale and in some it is at lower scale. The real reason will be something else, like they may want some more development in bitcoin or they will wait for the government and some financial institute to accept it, after that they will consider it important for their business.

[Wendigo]

Simply not enough paying Bitcoin customers I guess. It's not like Bitcoin users are known for spending their coins anyways and I believe the number of active Bitcoiners who spend coins daily or weekly is pretty small compared to credit and debt card users so Amazon from a business perspective doesn't need to push Bitcoin on their marketplace just yet.

[Hide_ip112]

Wikipedia also does not accept Bitcoins. I think this is a mistake. For some, much easier to send Bitcoins than using a credit card or paypal.

This is not a mistake but this is a strategy that has always been used by each company in it. Due to a commercial company of wanting to benefit greatly from those who need it, a strategy used is awaiting a command from the market about demand bitcoin.

[marcuslong]

i don't  think that there's a lot of reason why amazon.com isn't accepting bitcoin, because there's only one
and it is instability. just the word instability will cause any business man to have a doubt on something
that is unstable. but i think stability wont be achieve by bitcoin because of its deflation system.

Yeah your right but do you think bitcoin will be stable if this become fiat. If this become fiat it will be stable like currency.

[PokerFace3]

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

What do you think?

the price of bitcoins keep on fluctuating time to time.....this may be one of the reason

That may be one but mostly due to business reason and the complexity of Bitcoins I guess.
The transaction done with bitcoin take a while for the approval !! and mostly many skeptic wouldn't
want the use of bitcoins.

[sbtctalk]

I believe if BTC prices remain stable which is signs of maturity, it is matter of time before they big agencies begin to reassess

[xdrpx]

One prominent reason for Amazon not accepting Bitcoins would be because they probably consider its adoption not high amongst customers. I've noticed this with even certain types of credit cards aren't accepted on Amazon like mastero in my country, which considering it being used in many places should be included as well. It should probably be in their radar to be included sooner or later.

[mirakal]

Maybe amazon just don't want to gamble their operation with bitcoin, they might think that due to the price of bitcoin that is volatile for now they could lose so much money when downfall happens and maybe if bitcoin users are not knowledgeable with the nature of it they will face complain when during transaction the price will abruptly fall.