Topic: made a purchase from overstock instead of amazon (Read 2425 times)
this is great for bitcoin showing people how to purchase items directly with bitcoin is going to open up minds to a lot of epople seeing that it is actually usable and easy to use. or spend
After reading about how awesome overstock is and them accepting bitcoin, I decided to give it a look.
Look around, make a list of shit I want. Went to put through a $2,000 order, and BOOM. They don't accept Bitcoin for international order.
I'm somewhat fucked off right now.
Look around, make a list of shit I want. Went to put through a $2,000 order, and BOOM. They don't accept Bitcoin for international order.
I'm somewhat fucked off right now.
Guess they lost out on money. I wonder if it has to do with international taxes rules that prohibit international sales in bitcoin; they are not a small company that can get away with doing things improperly.
I have been buying from them to furnish most of my new apartment and have spend close to 2BTC there now.
Sounds like a very nice place - man! 
After reading about how awesome overstock is and them accepting bitcoin, I decided to give it a look.
Look around, make a list of shit I want. Went to put through a $2,000 order, and BOOM. They don't accept Bitcoin for international order.
I'm somewhat fucked off right now.
Look around, make a list of shit I want. Went to put through a $2,000 order, and BOOM. They don't accept Bitcoin for international order.
I'm somewhat fucked off right now.
I too have started purchasing less from amazon and started (for the first time ever) buying from Overstock.com, because they allow me to use a non-empire based form of money.
... I never knew Overstock had so many up-to-date items; used to think they only sold older items for some reason.
They must have started as "Overstock" (which I seen to remember from a long time ago), and later expanded into new items.
Accepting BTC was a great move for them; Just in time to get good publicity, before "everyone is doing it".
I expect BTC international purchases to be a thing in the future, but the laws are grey enough as it is. It might take some time.
As for purchasing from Overstock. I have been buying from them to furnish most of my new apartment and have spend close to 2BTC there now. I became a stock holder also. I want to support a company that shares my beliefs and values and provides killer customer service in any way I can.
So there ya go
As for purchasing from Overstock. I have been buying from them to furnish most of my new apartment and have spend close to 2BTC there now. I became a stock holder also. I want to support a company that shares my beliefs and values and provides killer customer service in any way I can.
So there ya go
The thing is, Amazon seems to have a larger selection than Overstock. I wish Bezos would wake up and start accepting BTC.
Overstock is still not accepting BTC from international customers.
How/why does this even happen?
Logically I'd have expected them to save more money and risk by shifting some of their sterling revenue into bitcoin, so I'm surprised it's taken this long.
Overstock is still not accepting BTC from international customers.
How/why does this even happen?Overstock is still not accepting BTC from international customers.
How/why does this even happen?
I guess overstock might be victim of its brand.
It kind of is - they could choose to keep BTC instead of converting it.
Definitely
Overstock is still not accepting BTC from international customers.
Overstock.com not accepting BTC for international purchases is not the fault of Overstock.com if they can not find a Merchant Service that converts BTC to your country's currency. It kind of is - they could choose to keep BTC instead of converting it.
Byrne the CEO said they will be building a bitcoin reserve of 5-10% of the bitcoins they take in. Google it, and try to be better informed before posting FUD.
What FUD? At least make sense when you accuse someone. What about that statement made you fearful, uncertain, or doubtful? About what are you so sure that I am not informed?
Fact is, they could choose to keep all revenue in BTC, in which case they wouldn't need to find a service to convert. Yes, it would be risky. They've chosen not to take that risk. So it is the "fault" of Overstock.com - though a better word would be "choice". I'm not saying their choice is wrong (or right), I'm just saying that it is their choice.
Overstock is still not accepting BTC from international customers.
Wait so I cant use this being based in the UK? You sure ?
Edit: yea I think your right dam that's a shame.
Overstock is still not accepting BTC from international customers.
Overstock.com not accepting BTC for international purchases is not the fault of Overstock.com if they can not find a Merchant Service that converts BTC to your country's currency. It kind of is - they could choose to keep BTC instead of converting it.
Byrne the CEO said they will be building a bitcoin reserve of 5-10% of the bitcoins they take in. Google it, and try to be better informed before posting FUD.
I am non-US
I would totally order from Ovberstock if they accepted btc and shipped to my geography
Matter of time hopefully
I would totally order from Ovberstock if they accepted btc and shipped to my geography
Matter of time hopefully
Overstock.com not accepting BTC for international purchases is not the fault of Overstock.com if they can not find a Merchant Service that converts BTC to your country's currency.
Hopefully Overstock.com is actively looking for a Merchant Service that could provide the currency conversion in your area or better yet both bitpay.com and coinbase.com step up and go international.
Hopefully Overstock.com is actively looking for a Merchant Service that could provide the currency conversion in your area or better yet both bitpay.com and coinbase.com step up and go international.
Why would they need to convert to local currencies of international customers?
If that is the reason, maybe for tax purposes? It could get potentially very complicated and costly.
Glad to here they are doing so well.
The CEO said a few weeks ago that they are holding many $millions in BTC.
The CEO said a few weeks ago that they are holding many $millions in BTC.
It kind of is - they could choose to keep BTC instead of converting it.
Definitely not a wise thing to do. In addition to the legal formalities and complexities, the volatility is a major factor.
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