asdsasd (OP)
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February 16, 2015, 04:43:03 AM |
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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?
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The block chain is the main innovation of Bitcoin. It is the
first distributed timestamping system.
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Serge
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February 16, 2015, 05:02:16 AM |
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re iphone: checkout overstock.com, tigerdirect.com, newegg.com if in US. i bought new samsung galaxy at overstock once they started accepting btc a while ago
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Kprawn
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February 16, 2015, 06:24:52 AM |
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They are in bed with PayPal and more people currently use PayPal than BTC. So PayPal will have leverage with them to not accept BTC.
The credit card companies also have a stake in that, so they will also influence their decision.
These companies have a lot to loose, if Amazon add BTC as a payment method. At some stage, people will see the benefits of using BTC and they will naturally move to companies who accept it. {Overstock}
When Amazon starts to loose business because of that, they will have to change their partnership with credit card companies and PayPal.
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Fernandez
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February 16, 2015, 06:26:21 AM |
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Be thankful they don't. While adoption is needed in the long run, right now we need less avenues for holders to sell their Bitcoins.
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ikydesu
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February 16, 2015, 06:44:47 AM |
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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 they want not waste their time and money for bitcoin  if more people use btc, maybe they will accept bitcoin too. Im sure they know bitcoin and they love it  |
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funkenstein
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Khazad ai-menu!
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February 16, 2015, 07:11:48 AM |
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A lot of big businesses are more reliant than you might think on the counterfeiting cartel.
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Q7
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February 16, 2015, 07:14:02 AM |
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Though it's easy to say, given the size of their business they need to consider all the risks involved before they provide bitcoin options. I'm sure this is in the pipeline but all these take time. We need to ensure bitcoin adoption become widespread before consider such request. A small 1 - 2 per 10 transactions may not be enough to start convince them.
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jacktheking
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Activity: 1484
Merit: 1001
Personal Text Space Not For Sale
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February 16, 2015, 07:14:40 AM |
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They are in bed with PayPal and more people currently use PayPal than BTC. So PayPal will have leverage with them to not accept BTC.
The credit card companies also have a stake in that, so they will also influence their decision.
These companies have a lot to loose, if Amazon add BTC as a payment method. At some stage, people will see the benefits of using BTC and they will naturally move to companies who accept it. {Overstock}
When Amazon starts to loose business because of that, they will have to change their partnership with credit card companies and PayPal.
Agree and this might be the reason. Dont worry, you can buy Amazon giftcard at purse.io or gyft.com. |
So sad! This profile does not appear as the #1 result (on anonymous) Google searches anymore.
Time to be active on the crypto forums again? Proud to be one of the few Legendary members of the Sparkie Red Dot!
Gonna put this on my resume if I ever join a cryptocurrency/blockchain industry!
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Agestorzrxx
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February 16, 2015, 08:33:48 AM |
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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 the price of bitcoin is not stable. |
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Madness
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February 16, 2015, 08:37:38 AM |
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I found it weird too . but I guess this is what is happening : Since Amazon bought Twitch.tv and integrated Bitcoin on it .. they are probably doing tests and see how much people are using Bitcoin on Twitch , if they see a good amount of people they may added it to Amazon too . in the other hand they made Amazon coin or whatever the name is , not sure if it works same as Bitcoin tho
~ Madness
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kelsey
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Activity: 1876
Merit: 1000
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February 16, 2015, 08:38:48 AM |
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because its a waste of their time and effort, people hoard or trade bitecoin but few if any actually use it as a currency.
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Borisz
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February 16, 2015, 08:54:04 AM |
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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.
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turvarya
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February 16, 2015, 09:14:05 AM |
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They are in bed with PayPal and more people currently use PayPal than BTC. So PayPal will have leverage with them to not accept BTC.
The credit card companies also have a stake in that, so they will also influence their decision.
These companies have a lot to loose, if Amazon add BTC as a payment method. At some stage, people will see the benefits of using BTC and they will naturally move to companies who accept it. {Overstock}
When Amazon starts to loose business because of that, they will have to change their partnership with credit card companies and PayPal.
Agree and this might be the reason. Dont worry, you can buy Amazon giftcard at purse.io or gyft.com. buy giftcards over purse.io. I lost money doing that, since Amazon can just invalidate them, without giving you a reason(since you are not the buyer of the giftcard) |
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Blazr
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February 16, 2015, 09:55:09 AM |
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They are in bed with PayPal and more people currently use PayPal than BTC. So PayPal will have leverage with them to not accept BTC.
The credit card companies also have a stake in that, so they will also influence their decision.
These companies have a lot to loose, if Amazon add BTC as a payment method. At some stage, people will see the benefits of using BTC and they will naturally move to companies who accept it. {Overstock}
When Amazon starts to loose business because of that, they will have to change their partnership with credit card companies and PayPal.
Amazon doesn't accept payments from PayPal, only credit cards. |
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jacktheking
Legendary
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Activity: 1484
Merit: 1001
Personal Text Space Not For Sale
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February 16, 2015, 10:17:24 AM |
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They are in bed with PayPal and more people currently use PayPal than BTC. So PayPal will have leverage with them to not accept BTC.
The credit card companies also have a stake in that, so they will also influence their decision.
These companies have a lot to loose, if Amazon add BTC as a payment method. At some stage, people will see the benefits of using BTC and they will naturally move to companies who accept it. {Overstock}
When Amazon starts to loose business because of that, they will have to change their partnership with credit card companies and PayPal.
Agree and this might be the reason. Dont worry, you can buy Amazon giftcard at purse.io or gyft.com. buy giftcards over purse.io. I lost money doing that, since Amazon can just invalidate them, without giving you a reason(since you are not the buyer of the giftcard) Those are not consider giftcard then.. It is also why I buy giftcards from gyft two times and not purse.ipurse.io. |
So sad! This profile does not appear as the #1 result (on anonymous) Google searches anymore.
Time to be active on the crypto forums again? Proud to be one of the few Legendary members of the Sparkie Red Dot!
Gonna put this on my resume if I ever join a cryptocurrency/blockchain industry!
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Beymond
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February 16, 2015, 10:31:11 AM |
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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 ? |
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turvarya
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February 16, 2015, 10:41:42 AM |
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They are in bed with PayPal and more people currently use PayPal than BTC. So PayPal will have leverage with them to not accept BTC.
The credit card companies also have a stake in that, so they will also influence their decision.
These companies have a lot to loose, if Amazon add BTC as a payment method. At some stage, people will see the benefits of using BTC and they will naturally move to companies who accept it. {Overstock}
When Amazon starts to loose business because of that, they will have to change their partnership with credit card companies and PayPal.
Agree and this might be the reason. Dont worry, you can buy Amazon giftcard at purse.io or gyft.com. buy giftcards over purse.io. I lost money doing that, since Amazon can just invalidate them, without giving you a reason(since you are not the buyer of the giftcard) Those are not consider giftcard then.. It is also why I buy giftcards from gyft two times and not purse.ipurse.io. How are these not gift cards? I talk about this things: http://www.amazon.com/Amazon-com-Black-Gift-Card-Box/dp/B008EN462I/ref=sr_1_1?s=gift-cards&ie=UTF8&qid=1424083244&sr=1-1What do you get at gyft? |
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erikalui
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Activity: 2632
Merit: 1094
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February 16, 2015, 10:43:13 AM |
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Amazon uses PayPal as it is their most favorite and reliable option while they also accept Credit cards. They might be finding it better to use PayPal instead of using bitcoins. I guess in future, they may chose it as a payment option.
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Borisz
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February 16, 2015, 10:47:27 AM |
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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. |
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koelen3
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Activity: 1022
Merit: 1007
Sooner or later, a man who wears two faces forgets
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February 16, 2015, 03:57:57 PM |
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Accepting it will give more abuse to their service and people will SE it easily
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