[2014-06-11] “Woohoo!” Expedia announces Bitcoin acceptance

Swordsoffreedom

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Quote from: medicine on August 02, 2014, 09:26:56 AM

Quote from: kjlimo on August 02, 2014, 08:45:12 AM

Quote from: medicine on August 02, 2014, 08:30:27 AM

Just want to report that I used Expedia to book a hotel a few weeks ago which was a painless process. I had to cancel that booking today because of a typhoon approaching Korea and I was worried because I don't have a Coinbase account and wasn't sure if I was going to be able to receive a refund. Well, I clicked the cancel reservation button, confirmed and Expedia immediately sent the refund to Coinbase. I created an account and bam, I had the btc refund in my own wallet within an hour.
Great implementation both for booking and for refunds. Beats the F&*&# out of using credit cards.
Peace

Holy crap, was the market value of those btcs based on the price of a bitcoin at purchase or at refund?

I.e. did.they giv you your USD spent amount back, or your btc spent amount back?

I did check that of course and they gave me USD spent amount back. So btc is worth less today then a month ago. I received a little bit more btc back than I spent.

That's nice of them and I guess with expedia the convenience of converting it straight back to fiat through coinbase means that regardless of when they make the transaction they will still be able to convert it back at an equivalent fiat rate.
Thanks for sharing that medicine

kjlimo

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Quote from: medicine on August 02, 2014, 09:26:56 AM

Quote from: kjlimo on August 02, 2014, 08:45:12 AM

Quote from: medicine on August 02, 2014, 08:30:27 AM

Just want to report that I used Expedia to book a hotel a few weeks ago which was a painless process. I had to cancel that booking today because of a typhoon approaching Korea and I was worried because I don't have a Coinbase account and wasn't sure if I was going to be able to receive a refund. Well, I clicked the cancel reservation button, confirmed and Expedia immediately sent the refund to Coinbase. I created an account and bam, I had the btc refund in my own wallet within an hour.
Great implementation both for booking and for refunds. Beats the F&*&# out of using credit cards.
Peace

Holy crap, was the market value of those btcs based on the price of a bitcoin at purchase or at refund?

I.e. did.they giv you your USD spent amount back, or your btc spent amount back?

I did check that of course and they gave me USD spent amount back. So btc is worth less today then a month ago. I received a little bit more btc back than I spent.

Perfectly reasonable. Awesome that they can process the refund in btc!

medicine

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Quote from: kjlimo on August 02, 2014, 08:45:12 AM

Quote from: medicine on August 02, 2014, 08:30:27 AM

Just want to report that I used Expedia to book a hotel a few weeks ago which was a painless process. I had to cancel that booking today because of a typhoon approaching Korea and I was worried because I don't have a Coinbase account and wasn't sure if I was going to be able to receive a refund. Well, I clicked the cancel reservation button, confirmed and Expedia immediately sent the refund to Coinbase. I created an account and bam, I had the btc refund in my own wallet within an hour.
Great implementation both for booking and for refunds. Beats the F&*&# out of using credit cards.
Peace

Holy crap, was the market value of those btcs based on the price of a bitcoin at purchase or at refund?

I.e. did.they giv you your USD spent amount back, or your btc spent amount back?

I did check that of course and they gave me USD spent amount back. So btc is worth less today then a month ago. I received a little bit more btc back than I spent.

kjlimo

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Quote from: medicine on August 02, 2014, 08:30:27 AM

Just want to report that I used Expedia to book a hotel a few weeks ago which was a painless process. I had to cancel that booking today because of a typhoon approaching Korea and I was worried because I don't have a Coinbase account and wasn't sure if I was going to be able to receive a refund. Well, I clicked the cancel reservation button, confirmed and Expedia immediately sent the refund to Coinbase. I created an account and bam, I had the btc refund in my own wallet within an hour.
Great implementation both for booking and for refunds. Beats the F&*&# out of using credit cards.
Peace

Holy crap, was the market value of those btcs based on the price of a bitcoin at purchase or at refund?

I.e. did.they giv you your USD spent amount back, or your btc spent amount back?

medicine

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Just want to report that I used Expedia to book a hotel a few weeks ago which was a painless process. I had to cancel that booking today because of a typhoon approaching Korea and I was worried because I don't have a Coinbase account and wasn't sure if I was going to be able to receive a refund. Well, I clicked the cancel reservation button, confirmed and Expedia immediately sent the refund to Coinbase. I created an account and bam, I had the btc refund in my own wallet within an hour.
Great implementation both for booking and for refunds. Beats the F&*&# out of using credit cards.
Peace

aliceHortrex

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Quote from: bryant.coleman on June 13, 2014, 06:05:12 AM

Quote from: aliceHortrex on June 13, 2014, 05:21:09 AM

There are some explanation of dropping price here http://cointelegraph.com/news/111800/sinking_bitcoin_prices_abound_but_community_remains_buoyant. I, personally, suppose that this drop will not be a long-term drop.

The reason for the declining prices have been already posted here:

https://bitcointalksearch.org/topic/2014-06-13-bitcoin-prices-plunge-as-us-government-prepares-to-auction-off-huge-650647

But I am not sure how much effect it will be having in the long term.

Thanks for sharing Bryant!

bryant.coleman

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Quote from: aliceHortrex on June 13, 2014, 05:21:09 AM

There are some explanation of dropping price here http://cointelegraph.com/news/111800/sinking_bitcoin_prices_abound_but_community_remains_buoyant. I, personally, suppose that this drop will not be a long-term drop.

The reason for the declining prices have been already posted here:

https://bitcointalksearch.org/topic/2014-06-13-bitcoin-prices-plunge-as-us-government-prepares-to-auction-off-huge-650647

But I am not sure how much effect it will be having in the long term.

aliceHortrex

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There are some explanation of dropping price here http://cointelegraph.com/news/111800/sinking_bitcoin_prices_abound_but_community_remains_buoyant. I, personally, suppose that this drop will not be a long-term drop.

Swordsoffreedom

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Quote from: passionsurf on June 12, 2014, 03:00:40 PM

This is HUGE news, so why is the price going down?

To update this I guess the market or some actors in it knew in advance that a large sum of Bitcoins from the FBI were going to the market for sale
As these rich actors decide to prepare for the auction by converting them to fiat the price drops a bit in reaction.
Try to keep the price down while buying up those coins then reigniting the next surge seems like something a whale would do.

Or more conversions to fiat causing temporary downward pressure but long run upward recognition and usage increasing the value of bitcoin.
Short term pains for long term gains

Ashbite

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Quote from: passionsurf on June 12, 2014, 03:00:40 PM

This is HUGE news, so why is the price going down?

It is huge news, but the news will not change the course of the bitcoin all of the sudden.
All that bitcoin needs right now is time and popularity.

passionsurf

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This is HUGE news, so why is the price going down?

qwk

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Quote from: bryant.coleman on June 12, 2014, 06:42:28 AM

Expedia is the second largest company (in terms of market cap) to accept Bitcoin payments, after DISH. And if I am not mistaken, they are the largest travel website in terms of absolute annual revenue.

I think priceline is bigger (booking.com), but Expedia is probably second.

qwk

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Quote from: koryu on June 12, 2014, 05:02:42 AM

i hope its worldwide and not only for u.s. customers?

Right now, the German website Expedia.de doesn't accept Bitcoin.

bryant.coleman

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Expedia is the second largest company (in terms of market cap) to accept Bitcoin payments, after DISH. And if I am not mistaken, they are the largest travel website in terms of absolute annual revenue.

koryu

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this is awesome news for people who didnt use credit cards. it's so annoying that you often require a credit card for hotel bookings.
i hope its worldwide and not only for u.s. customers?

ninjaboon

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who's the lady in the pic?
great news for bigger traction.

minimalB

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If i understand correctly, for now they only take btc for hotels and not for other services?

http://viewfinder.expedia.com/features/expedia-embraces-bitcoin

Anyway, this is HUGE!

kjlimo

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Crazy awesome. A major win for bitcoin!

Swordsoffreedom

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Quote from: medicine on June 11, 2014, 07:17:06 PM

Quote from: Swordsoffreedom on June 11, 2014, 04:56:42 PM

This is the news of the day for me
Remembers using Expedia for a trip a few years back so having the option to use my Bitcoin on that trip is a sweet bonus
(Got to start resisting the urge now XD)

I agree this is one of the biggest stories of the day. Funny that it's only the story of the day because a year or 18 months ago this would have been the story of the month!
I didn't see one negative story today yet the price is falling. Sometimes I just don't understand the market and that's way I do minimal trading.

The market is probably going WOAH
But in actuality the market might be thinking they will be converting to fiat rapidly so for the short term so the price will dip a bit
Anyways still on schedule
2011 Year of Genius Cryptography users Highly Intelligent
2012 Year of Early Adopters/ Devs IT/Programmers Coders
2013 Year of Early Adopters/ Mid Adopters Then Business/Economy/Finance People
2014 Year of Merchant Adoption Retailers/Companies/Finance Individuals More General Users but with computer skills
2015 Year of Early Adoption increasing retail usage combined with growing individual usage due to the network effect
2016 Year of Mid Adoption and Breakpoint start seeing a large scale usage and movement to mainstream
2017 Mainstream adoption lower tiers majority of first world countries with adoption start using it and variants of Bitcoin technologies in industry
2018 General Adoption recognized form of trade and commerce.
2019 Late Adopters
2020 Full Markets

Ron~Popeil

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Quote from: medicine on June 11, 2014, 08:51:33 PM

Quote from: Ron~Popeil on June 11, 2014, 08:50:14 PM

Quote from: seriouscoin on June 11, 2014, 08:43:40 PM

Quote from: Ron~Popeil on June 11, 2014, 07:58:45 PM

Man we are on a roll lately. If they get it going in time I will cancel my hotel reservations for my August trip and rebook them with bit coin.

Try it again, i heard they got the integration done

Oh cool. I thought it would be one of those "by the end of the year" kind of things. Thanks for the heads up!

Ya, it's there right now on Expedia dot com, I don't see the same option on the Canadian or Korea sites. Very cool.

Yeah I see it now. I might have to save a screen cap for posterity. Grin

Topic: [2014-06-11] “Woohoo!” Expedia announces Bitcoin acceptance (Read 2141 times)