why big companies like amazon don't accept bitcoin?

[Beymond]

On a recent flight ticket purchase with BalticAir I was offered to pay with Bitcoins or Visa/Mastercard. Bitcoin had a fee of 0 while Visa/Mastercard had an additional fee of 5.99€.
I paid so I can pay. I wish I had enough bitcoins to get the ticket.

So did they allow you to pay with bitcoins?
If you didn't had enough to pay for the ticket , why did you ask if they accept it in the first place ?

I didn't ask, it was one of the payment options!

And unfortunately I didn't have enough coins to pay my ticket. And since time was short, I didn't have a chance to exchange etc.

Wow! that is cool

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[erikalui]

I didn't ask, it was one of the payment options!

And unfortunately I didn't have enough coins to pay my ticket. And since time was short, I didn't have a chance to exchange etc.

It is the first time I noticed that a website uses bitcoin as a payment option and that too for booking flights. This is great that the websites have started making bitcoins a payment option.

[Bitalo_Martin]

my take on why established businesses will never accept bitcoin:


https://www.youtube.com/watch?v=h_fS4C7Cot8

because they have to pay their taxes and their "raw materials" in FIAT and are highly regulated. Bitcoin is designed for "private business use"

[Borisz]

On a recent flight ticket purchase with BalticAir I was offered to pay with Bitcoins or Visa/Mastercard. Bitcoin had a fee of 0 while Visa/Mastercard had an additional fee of 5.99€.
I paid so I can pay. I wish I had enough bitcoins to get the ticket.

So did they allow you to pay with bitcoins?
If you didn't had enough to pay for the ticket , why did you ask if they accept it in the first place ?

I didn't ask, it was one of the payment options!

And unfortunately I didn't have enough coins to pay my ticket. And since time was short, I didn't have a chance to exchange etc.

Wow! that is cool

It was the first time for me too that I saw a large/flight company offering this option. Although I think some friends of mine said that they had this option before too. Nevertheless, I was positively surprised.

The next time I have to fly, I will make sure in advance that I have enough coins to avoid stupidly paying 6€. ((offtopic: Seriously, I see a ticket for 100€ and by the time I get to the payment window I'm paying almost 150€ for all kinds of "extra" fees.))

[wadili89]

amazon's payment processing fees cost them 3 billion per year  (btc marketcap size lol) why don't they accept bitcoin? they could save a lot of money not to mention that they will get a lot of new customers


does anyone know where i can buy an iphone 4 (new) with bitcoin?

because BTC is not stable it can cost them huge loss or even huge profit in daily basis i bealive once betcoins will stable it self most of the websites will start using it and for the iphonr search in google

[Kazimir]

my take on why established businesses will never accept bitcoin:


https://www.youtube.com/watch?v=h_fS4C7Cot8

because they have to pay their taxes and their "raw materials" in FIAT and are highly regulated. Bitcoin is designed for "private business use"

This is not a valid argument not to accept Bitcoin.

There are plenty of Bitcoin payment processors, through which companies like Amazon can very easily accept Bitcoin, yet they receive their sales directly in EUR or USD (the payment processor converts it to fiat). In fact they never even have to deal with or own any bitcoins at any point, nor are they exposed to any volatility risk. Company charges €50, customer pays in Bitcoin, company receives exactly €50. Period. No fees, no delay, no volatility, no chargeback risk, no restrictions or limitations (unlike any other payment method, Bitcoin is available worldwide), no nothing.

They use product pricing in euros, they receive euros, they pay tax in euros, done. In this sense, they're just using Bitcoin as a more efficient, faster, safer, better, and cheaper payment method (compared to credit cards, paypal, etc) rather than an actual currency, but that's fine.

So, what are they waiting for?

[Kazimir]

because BTC is not stable it can cost them huge loss or even huge profit in daily basis

Same here: Bitcoin payment processors (which are 100% free, by the way) easily solve this.

Again: business can already accept Bitcoin RIGHT NOW, with ZERO cost, and ZERO risk.

[RodeoX]

Microsoft is the second largest company on Earth and they take BTC. 

[albert11]

Microsoft is the second largest company on Earth and they take BTC. 

yet bitcoin adoption is growing at a very slow pace because there is a need for shops that people uses regularly everyday to accept bitcoin, for example a food company like tesco in the UK or walmart in the US or amazon / ebay etc...

microsoft is a big company but their product are designed for only a small % of the population

[dsly]

amazon's payment processing fees cost them 3 billion per year  (btc marketcap size lol) why don't they accept bitcoin? they could save a lot of money not to mention that they will get a lot of new customers


does anyone know where i can buy an iphone 4 (new) with bitcoin?

You can try coinsfortech for a new iphone 4

[tss]

we're not there yet since the user base is so small. 
also why my local pizzaria has no interest in accepting btc. 
i would be their only btc customer.
one day i will buy my mama's pizza with btc.

[koelen3]

Microsoft is the second largest company on Earth and they take BTC. 

They take BTC ?
when ? where?

[Kprawn]

my take on why established businesses will never accept bitcoin:


https://www.youtube.com/watch?v=h_fS4C7Cot8

because they have to pay their taxes and their "raw materials" in FIAT and are highly regulated. Bitcoin is designed for "private business use"

This is not a valid argument not to accept Bitcoin.

There are plenty of Bitcoin payment processors, through which companies like Amazon can very easily accept Bitcoin, yet they receive their sales directly in EUR or USD (the payment processor converts it to fiat). In fact they never even have to deal with or own any bitcoins at any point, nor are they exposed to any volatility risk. Company charges €50, customer pays in Bitcoin, company receives exactly €50. Period. No fees, no delay, no volatility, no chargeback risk, no restrictions or limitations (unlike any other payment method, Bitcoin is available worldwide), no nothing.

They use product pricing in euros, they receive euros, they pay tax in euros, done. In this sense, they're just using Bitcoin as a more efficient, faster, safer, better, and cheaper payment method (compared to credit cards, paypal, etc) rather than an actual currency, but that's fine.

So, what are they waiting for?

Very valid argument indeed. This just strengthen my argumant that they are in collusion with their current payment operators.

I just cannot see why a company would want to use a payment option, where the customer has to pay a premium fee to get their transactions processed. The saving puts more money back in the company and the customers pocket.

It makes me think about the UK example where the BIG food companies, influenced government to outvote the suggestion to put color coded food indicators on packaging. {Those companies have no concern about the health risk involved in what people eat, they just worried about the financial loss and even pitched a possible job loss to government to increase their chances, not to get the bill passed}

What we learn from this is... decisions are not made, with the consumers interest in mind... it's all about the money and what they might gain or loose.  

[Kazimir]

Microsoft is the second largest company on Earth and they take BTC. 

They take BTC ?
when ? where?

http://www.coindesk.com/microsoft-adds-bitcoin-payments-xbox-games-mobile-content/

[Elwar]

my take on why established businesses will never accept bitcoin:


https://www.youtube.com/watch?v=h_fS4C7Cot8

because they have to pay their taxes and their "raw materials" in FIAT and are highly regulated. Bitcoin is designed for "private business use"

So no business will ever accept bitcoin?

Really...?


Really



btw, had a great meal in a Milan pizza place this weekend. Paid for with bitcoin.
Paid for the plane ticket to Milan...bitcoin.
Car parking at the airport...bitcoin.
Tour of the Last Supper....bitcoin.

Hotel? Yep, you guessed it. Bitcoin.


As for Amazon...I use bitcoin to purchase things on there all the time. It's nicer to save 10-30% for each purchase though so who cares if they don't accept it?

[innocent93]

It's about risk I guess, big companies running with the big money,Bitcoin is still a unstable currency that could make their assets shrinked even with the 1% fall of the Bitcoin value.

[Q7]

my take on why established businesses will never accept bitcoin:


https://www.youtube.com/watch?v=h_fS4C7Cot8

because they have to pay their taxes and their "raw materials" in FIAT and are highly regulated. Bitcoin is designed for "private business use"

This is not a valid argument not to accept Bitcoin.

There are plenty of Bitcoin payment processors, through which companies like Amazon can very easily accept Bitcoin, yet they receive their sales directly in EUR or USD (the payment processor converts it to fiat). In fact they never even have to deal with or own any bitcoins at any point, nor are they exposed to any volatility risk. Company charges €50, customer pays in Bitcoin, company receives exactly €50. Period. No fees, no delay, no volatility, no chargeback risk, no restrictions or limitations (unlike any other payment method, Bitcoin is available worldwide), no nothing.

They use product pricing in euros, they receive euros, they pay tax in euros, done. In this sense, they're just using Bitcoin as a more efficient, faster, safer, better, and cheaper payment method (compared to credit cards, paypal, etc) rather than an actual currency, but that's fine.

So, what are they waiting for?

I suppose what you mean here is something similar like what bitpay has to offer. I'm just wondering since they act as intermediate party who absorbs all the risk on behalf of the merchant using their service, then how do they make money based on their business plan? I supposed there must a fee involved or the additional fee is passed on to the customer. Since the merchant here sells 1usd gets 1usd so the variable here must be the btc selling price customer has to pay for the product.

[Jace]

btw, had a great meal in a Milan pizza place this weekend. Paid for with bitcoin.
Paid for the plane ticket to Milan...bitcoin.
Car parking at the airport...bitcoin.
Tour of the Last Supper....bitcoin.

Hotel? Yep, you guessed it. Bitcoin.

You traveling through Europe? As a Bitcoin fan, you can't miss Arnhem (Netherlands), Bitcoin Captical of the world! If you go there, drop us a note, and we'll have a beer.. paid with- you know

[Kazimir]

It's about risk I guess, big companies running with the big money,Bitcoin is still a unstable currency that could make their assets shrinked even with the 1% fall of the Bitcoin value.

No, no, NO. Companies don't have to expose themselves to this risk AT ALL.

Let me repeat myself:

Bitcoin payment processors (which are 100% free, by the way) easily solve this.

Again: business can already accept Bitcoin RIGHT NOW, with ZERO cost, and ZERO risk.

[peligro]

my take on why established businesses will never accept bitcoin:


https://www.youtube.com/watch?v=h_fS4C7Cot8

because they have to pay their taxes and their "raw materials" in FIAT and are highly regulated. Bitcoin is designed for "private business use"

This is not a valid argument not to accept Bitcoin.

There are plenty of Bitcoin payment processors, through which companies like Amazon can very easily accept Bitcoin, yet they receive their sales directly in EUR or USD (the payment processor converts it to fiat). In fact they never even have to deal with or own any bitcoins at any point, nor are they exposed to any volatility risk. Company charges €50, customer pays in Bitcoin, company receives exactly €50. Period. No fees, no delay, no volatility, no chargeback risk, no restrictions or limitations (unlike any other payment method, Bitcoin is available worldwide), no nothing.

They use product pricing in euros, they receive euros, they pay tax in euros, done. In this sense, they're just using Bitcoin as a more efficient, faster, safer, better, and cheaper payment method (compared to credit cards, paypal, etc) rather than an actual currency, but that's fine.

So, what are they waiting for?

I suppose what you mean here is something similar like what bitpay has to offer. I'm just wondering since they act as intermediate party who absorbs all the risk on behalf of the merchant using their service, then how do they make money based on their business plan? I supposed there must a fee involved or the additional fee is passed on to the customer. Since the merchant here sells 1usd gets 1usd so the variable here must be the btc selling price customer has to pay for the product.

Bitpay doesn't absorb any risk. They check the orderbook and sell immediately. Whatever little fluctuation that can happen is averaged out.