Overstock To let International Customers Pay With Bitcoin

[srgkrgkj]

Overstock has long been known as a domestic and electronic product retailer serving thousands of customers in the region of America. The brand hit the news a few months ago when plans for it to accept Bitcoin as a form of payment were first released. Once again the retailer has hit the headlines for similar reasons as it plans to start allowing international customers, from all over the world, to pay with Bitcoin.

Read the full story completely @ http://coinfinance.com/news/overstock-to-let-international-customers-pay-with-bitcoin

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[Swordsoffreedom]

Overstock has long been known as a domestic and electronic product retailer serving thousands of customers in the region of America. The brand hit the news a few months ago when plans for it to accept Bitcoin as a form of payment were first released. Once again the retailer has hit the headlines for similar reasons as it plans to start allowing international customers, from all over the world, to pay with Bitcoin.

Read the full story completely @ http://coinfinance.com/news/overstock-to-let-international-customers-pay-with-bitcoin

Finally is all I can see was trying to purchase something from overstock from the great white north
The use bitcoin option didn't show up so I just postphoned the purchase for a while longer
Now if they can get cheaper shipping services it would be golden.

[Buybtc4PP]

Overstock has long been known as a domestic and electronic product retailer serving thousands of customers in the region of America. The brand hit the news a few months ago when plans for it to accept Bitcoin as a form of payment were first released. Once again the retailer has hit the headlines for similar reasons as it plans to start allowing international customers, from all over the world, to pay with Bitcoin.

Read the full story completely @ http://coinfinance.com/news/overstock-to-let-international-customers-pay-with-bitcoin

I thought this was pretty sweet. I was watching some T.V. last week and there was a Overstock.com commercial!  It stated that they are now accepting Bitcoin. I was quite shocked to be honest.

[GangkisKhan]

Overstock has long been known as a domestic and electronic product retailer serving thousands of customers in the region of America. The brand hit the news a few months ago when plans for it to accept Bitcoin as a form of payment were first released. Once again the retailer has hit the headlines for similar reasons as it plans to start allowing international customers, from all over the world, to pay with Bitcoin.

Read the full story completely @ http://coinfinance.com/news/overstock-to-let-international-customers-pay-with-bitcoin

Good way to expand customer base without added risk of payment fraud.

They should give higher discount to bitcoin users since the transaction fee and fraud rate are lower.

[MyLuckyMichelle]

Bitcoins are great for Overstock or any other supplier that accepts Bitcoins, so they should consider giving a discount for payments with Bitcoins. That will also motivate more users to start using Bitcoins.

[itsAj]

Overstock has long been known as a domestic and electronic product retailer serving thousands of customers in the region of America. The brand hit the news a few months ago when plans for it to accept Bitcoin as a form of payment were first released. Once again the retailer has hit the headlines for similar reasons as it plans to start allowing international customers, from all over the world, to pay with Bitcoin.

Read the full story completely @ http://coinfinance.com/news/overstock-to-let-international-customers-pay-with-bitcoin

Their CEO is very pro bitcoin. They are going to pay their employees' bonuses in BTC this year and are retaining 10% of their BTC revenue in their "coffers"

They are making a very big bet on bitcoin and this is not at all unexpected IMO.

[PenAndPaper]

The problem with international shipping is import tax. Not that we can't buy with bitcoins.

[giveBTCpls]

I've been reading about this for days now, but when will it be anounced officially by overstock? Also we will still get fucked by international transport taxes.

[polynesia]

Overstock has long been known as a domestic and electronic product retailer serving thousands of customers in the region of America. The brand hit the news a few months ago when plans for it to accept Bitcoin as a form of payment were first released. Once again the retailer has hit the headlines for similar reasons as it plans to start allowing international customers, from all over the world, to pay with Bitcoin.

Read the full story completely @ http://coinfinance.com/news/overstock-to-let-international-customers-pay-with-bitcoin

Their CEO is very pro bitcoin. They are going to pay their employees' bonuses in BTC this year and are retaining 10% of their BTC revenue in their "coffers"

They are making a very big bet on bitcoin and this is not at all unexpected IMO.

The employees who choose to get paid in BTC are going to get a little bit extra as well. Isn't that wonderful. 

[EnfoncerQ2]

I cant wait to buy something with BTC.

[negafen]

The problem with international shipping is import tax. Not that we can't buy with bitcoins.

Import tax will be there even if you pay using credit card.

But you will save some money on foreign transaction fee using bitcoin.

[botany]

The problem with international shipping is import tax. Not that we can't buy with bitcoins.

Import tax will be there even if you pay using credit card.

But you will save some money on foreign transaction fee using bitcoin.

I also expect overstock to give some discount for those using bitcoins, after some time.
After all, they make some savings on the credit card transaction charges.

[wasserman99]

The problem with international shipping is import tax. Not that we can't buy with bitcoins.

Import tax will be there even if you pay using credit card.

But you will save some money on foreign transaction fee using bitcoin.

I also expect overstock to give some discount for those using bitcoins, after some time.
After all, they make some savings on the credit card transaction charges.

I would not at all be surprised if they are the first major merchant to do this. Once they would implement some kind of discount for paying in BTC they will likely set a precedent for other merchants. (I have read about newegg having some kind of promotion for people that buy a specific product in BTC, but I think this is too specific to be considered a "discount" for paying in BTC).

[itsAj]

The problem with international shipping is import tax. Not that we can't buy with bitcoins.

Import tax will be there even if you pay using credit card.

But you will save some money on foreign transaction fee using bitcoin.

I also expect overstock to give some discount for those using bitcoins, after some time.
After all, they make some savings on the credit card transaction charges.

I would not be surprised to see this sometime in the future. I would personally consider the most likely time to see this would be would be around the black Friday/cyber Monday sales that most retailers try to use to gain market share and become profitable for the entire year.

[botany]

The problem with international shipping is import tax. Not that we can't buy with bitcoins.

Import tax will be there even if you pay using credit card.

But you will save some money on foreign transaction fee using bitcoin.

I also expect overstock to give some discount for those using bitcoins, after some time.
After all, they make some savings on the credit card transaction charges.

I would not be surprised to see this sometime in the future. I would personally consider the most likely time to see this would be would be around the black Friday/cyber Monday sales that most retailers try to use to gain market share and become profitable for the entire year.

Hope to see it soon. And if it is successful in driving up sales, we can expect all merchants to follow suit. 

[routecrypto]

The problem with international shipping is import tax. Not that we can't buy with bitcoins.

Import tax will be there even if you pay using credit card.

But you will save some money on foreign transaction fee using bitcoin.

I also expect overstock to give some discount for those using bitcoins, after some time.
After all, they make some savings on the credit card transaction charges.

This is true in theory but in reality the shops usually increase by 3-5% the price if the costumer pays with btc.

[Mightycoin]

It's a good news,it would be easy now for many international costumers who lack proper payment options while shopping from sites like that

[itsAj]

The problem with international shipping is import tax. Not that we can't buy with bitcoins.

Import tax will be there even if you pay using credit card.

But you will save some money on foreign transaction fee using bitcoin.

I also expect overstock to give some discount for those using bitcoins, after some time.
After all, they make some savings on the credit card transaction charges.

I would not be surprised to see this sometime in the future. I would personally consider the most likely time to see this would be would be around the black Friday/cyber Monday sales that most retailers try to use to gain market share and become profitable for the entire year.

Hope to see it soon. And if it is successful in driving up sales, we can expect all merchants to follow suit. 

There is no reason why it would not be successful in driving up sales. People are always looking for a cheaper way to buy things. They are also looking for a more convenient way to buy things. Overstock offering a discount in exchange for paying in bitcoin would be both.

[Skrillex]

I wish i didnt miss the boat, so i could have enough btc to risk (buying with btc now = risking mass gains in the future)

[wasserman99]

The problem with international shipping is import tax. Not that we can't buy with bitcoins.

Import tax will be there even if you pay using credit card.

But you will save some money on foreign transaction fee using bitcoin.

I also expect overstock to give some discount for those using bitcoins, after some time.
After all, they make some savings on the credit card transaction charges.

This is true in theory but in reality the shops usually increase by 3-5% the price if the costumer pays with btc.

I think most merchants charge nothing extra for their customers paying in bitcoin. The issue is that they should be giving a discount because they are incurring less fees when receiving payment in bitcoin.

There are a few merchants that have gotten a bad deal from their bitcoin payment provider who are unknowingly charging a higher price for bitcoin.

[thew3apon]

Overstock shipping fee is too expensive. Not worth buying...

[catlinhappy]

Overstock has long been known as a domestic and electronic product retailer serving thousands of customers in the region of America. The brand hit the news a few months ago when plans for it to accept Bitcoin as a form of payment were first released. Once again the retailer has hit the headlines for similar reasons as it plans to start allowing international customers, from all over the world, to pay with Bitcoin.

Read the full story completely @ http://coinfinance.com/news/overstock-to-let-international-customers-pay-with-bitcoin

I thought this was pretty sweet. I was watching some T.V. last week and there was a Overstock.com commercial!  It stated that they are now accepting Bitcoin. I was quite shocked to be honest.

This is what every bitcoiner wants isn't it.The all embrassing arms of the law.

[botany]

The problem with international shipping is import tax. Not that we can't buy with bitcoins.

Import tax will be there even if you pay using credit card.

But you will save some money on foreign transaction fee using bitcoin.

I also expect overstock to give some discount for those using bitcoins, after some time.
After all, they make some savings on the credit card transaction charges.

This is true in theory but in reality the shops usually increase by 3-5% the price if the costumer pays with btc.

I think most merchants charge nothing extra for their customers paying in bitcoin. The issue is that they should be giving a discount because they are incurring less fees when receiving payment in bitcoin.

There are a few merchants that have gotten a bad deal from their bitcoin payment provider who are unknowingly charging a higher price for bitcoin.

And there are some who charge a 'transaction fee' if you pay using bitcoins. 

http://www.coindesk.com/airbaltic-accepts-bitcoin-missed-opportunity/

[giveBTCpls]

They need to stop fucking around with the fees otherwise no one but big ass holders are even going to bother buying with BTC. Make using BTC an advantage and not charge more if you want BTC to be a success merchants 

[wasserman99]

The problem with international shipping is import tax. Not that we can't buy with bitcoins.

Import tax will be there even if you pay using credit card.

But you will save some money on foreign transaction fee using bitcoin.

I also expect overstock to give some discount for those using bitcoins, after some time.
After all, they make some savings on the credit card transaction charges.

This is true in theory but in reality the shops usually increase by 3-5% the price if the costumer pays with btc.

I think most merchants charge nothing extra for their customers paying in bitcoin. The issue is that they should be giving a discount because they are incurring less fees when receiving payment in bitcoin.

There are a few merchants that have gotten a bad deal from their bitcoin payment provider who are unknowingly charging a higher price for bitcoin.

And there are some who charge a 'transaction fee' if you pay using bitcoins. 

http://www.coindesk.com/airbaltic-accepts-bitcoin-missed-opportunity/

These companies are few and far between and will likely not receive the full benefits of accepting bitcoin that other merchants get. Also airlines often try to nickel and dime their customers as much as possible because they have to keep the actual cost of the ticket as low as possible to appear to be competitive.

[Swordsoffreedom]

Overstock shipping fee is too expensive. Not worth buying...

Yes, if they can get their shipping provider to be more efficient then I would move over from amazon or a similar company in a heartbeat but as it is unless the product is significantly more expensive elsewhere there are other bitcoin alternatives like newegg that make more sense to me when factoring in the cost of shipping as well into my purchases.

[botany]

The problem with international shipping is import tax. Not that we can't buy with bitcoins.

Import tax will be there even if you pay using credit card.

But you will save some money on foreign transaction fee using bitcoin.

I also expect overstock to give some discount for those using bitcoins, after some time.
After all, they make some savings on the credit card transaction charges.

This is true in theory but in reality the shops usually increase by 3-5% the price if the costumer pays with btc.

I think most merchants charge nothing extra for their customers paying in bitcoin. The issue is that they should be giving a discount because they are incurring less fees when receiving payment in bitcoin.

There are a few merchants that have gotten a bad deal from their bitcoin payment provider who are unknowingly charging a higher price for bitcoin.

And there are some who charge a 'transaction fee' if you pay using bitcoins. 

http://www.coindesk.com/airbaltic-accepts-bitcoin-missed-opportunity/

These companies are few and far between and will likely not receive the full benefits of accepting bitcoin that other merchants get. Also airlines often try to nickel and dime their customers as much as possible because they have to keep the actual cost of the ticket as low as possible to appear to be competitive.

These companies say "We accept bitcoins" just to get media attention. Once they receive publicity, they don't really care. They seem to be real short-sighted.

[itsAj]

The problem with international shipping is import tax. Not that we can't buy with bitcoins.

Import tax will be there even if you pay using credit card.

But you will save some money on foreign transaction fee using bitcoin.

I also expect overstock to give some discount for those using bitcoins, after some time.
After all, they make some savings on the credit card transaction charges.

This is true in theory but in reality the shops usually increase by 3-5% the price if the costumer pays with btc.

I think most merchants charge nothing extra for their customers paying in bitcoin. The issue is that they should be giving a discount because they are incurring less fees when receiving payment in bitcoin.

There are a few merchants that have gotten a bad deal from their bitcoin payment provider who are unknowingly charging a higher price for bitcoin.

And there are some who charge a 'transaction fee' if you pay using bitcoins. 

http://www.coindesk.com/airbaltic-accepts-bitcoin-missed-opportunity/

These companies are few and far between and will likely not receive the full benefits of accepting bitcoin that other merchants get. Also airlines often try to nickel and dime their customers as much as possible because they have to keep the actual cost of the ticket as low as possible to appear to be competitive.

These companies say "We accept bitcoins" just to get media attention. Once they receive publicity, they don't really care. They seem to be real short-sighted.

I would argue that in order for this media attention to work the companies would need to, at the very least offer the same terms for bitcoin customers as they do for other customers. Otherwise the media could very well report that the company is punishing people who pay in bitcoin when it is incurring lesser costs.

[botany]

These companies say "We accept bitcoins" just to get media attention. Once they receive publicity, they don't really care. They seem to be real short-sighted.

I would argue that in order for this media attention to work the companies would need to, at the very least offer the same terms for bitcoin customers as they do for other customers. Otherwise the media could very well report that the company is punishing people who pay in bitcoin when it is incurring lesser costs.

Sometime ago, it was news when a company started accepting bitcoin. Terms be damned.

[itsAj]

These companies say "We accept bitcoins" just to get media attention. Once they receive publicity, they don't really care. They seem to be real short-sighted.

I would argue that in order for this media attention to work the companies would need to, at the very least offer the same terms for bitcoin customers as they do for other customers. Otherwise the media could very well report that the company is punishing people who pay in bitcoin when it is incurring lesser costs.

Sometime ago, it was news when a company started accepting bitcoin. Terms be damned.

It still is news when a new company starts to accept bitcoin (on a national level). When a smaller business starts to accept bitcoin it will likely be covered by the local press.

[wasserman99]

The problem with international shipping is import tax. Not that we can't buy with bitcoins.

Import tax will be there even if you pay using credit card.

But you will save some money on foreign transaction fee using bitcoin.

I also expect overstock to give some discount for those using bitcoins, after some time.
After all, they make some savings on the credit card transaction charges.

This is true in theory but in reality the shops usually increase by 3-5% the price if the costumer pays with btc.

I think most merchants charge nothing extra for their customers paying in bitcoin. The issue is that they should be giving a discount because they are incurring less fees when receiving payment in bitcoin.

There are a few merchants that have gotten a bad deal from their bitcoin payment provider who are unknowingly charging a higher price for bitcoin.

And there are some who charge a 'transaction fee' if you pay using bitcoins. 

http://www.coindesk.com/airbaltic-accepts-bitcoin-missed-opportunity/

These companies are few and far between and will likely not receive the full benefits of accepting bitcoin that other merchants get. Also airlines often try to nickel and dime their customers as much as possible because they have to keep the actual cost of the ticket as low as possible to appear to be competitive.

These companies say "We accept bitcoins" just to get media attention. Once they receive publicity, they don't really care. They seem to be real short-sighted.

Both overstock and newegg seem to care about bitcoin. From what I can tell they are well aware of the benefits of accepting bitcoin from a technical and cost perspective and are likely trying to realize additional benefits of accepting bitcoin from expanding their market share.

[Timetwister]

Great. Now we just need to get rid of custom taxes.

[Klubknuckle]

Great. Now we just need to get rid of custom taxes.

That is the hardest part, overstock doesn't allow modify the invoice.

[bitbinn]

Overstock shipping fee is too expensive. Not worth buying...

how much are shipping fees, anybody knows?
It is very good news overstock is accepting bitcoins!

[Timetwister]

Great. Now we just need to get rid of custom taxes.

That is the hardest part, overstock doesn't allow modify the invoice.

We'll have to get rid of governments then Or at least of governments that steal so much from us. We should copy countries like Hong Kong, where there aren't custom taxes.

[wasserman99]

Great. Now we just need to get rid of custom taxes.

That is the hardest part, overstock doesn't allow modify the invoice.

If they did this they would be committing fraud and would be subjecting themselves to criminal action against them and would possibly lose the ability to do business overseas.