Overstock To let International Customers Pay With Bitcoin - page 2.

routecrypto

newbie

Activity: 28

Merit: 0

Quote from: botany on August 23, 2014, 08:03:55 PM

Quote from: negafen on August 23, 2014, 01:45:19 PM

Quote from: PenAndPaper on August 23, 2014, 12:45:27 AM

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.

botany

legendary

Activity: 1582

Merit: 1064

Quote from: itsAj on August 25, 2014, 12:43:13 AM

Quote from: botany on August 23, 2014, 08:03:55 PM

Quote from: negafen on August 23, 2014, 01:45:19 PM

Quote from: PenAndPaper on August 23, 2014, 12:45:27 AM

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.

itsAj

hero member

Activity: 588

Merit: 500

Quote from: botany on August 23, 2014, 08:03:55 PM

Quote from: negafen on August 23, 2014, 01:45:19 PM

Quote from: PenAndPaper on August 23, 2014, 12:45:27 AM

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.

wasserman99

sr. member

Activity: 476

Merit: 250

Quote from: botany on August 23, 2014, 08:03:55 PM

Quote from: negafen on August 23, 2014, 01:45:19 PM

Quote from: PenAndPaper on August 23, 2014, 12:45:27 AM

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).

botany

legendary

Activity: 1582

Merit: 1064

Quote from: negafen on August 23, 2014, 01:45:19 PM

Quote from: PenAndPaper on August 23, 2014, 12:45:27 AM

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.

negafen

full member

Activity: 218

Merit: 101

Quote from: PenAndPaper on August 23, 2014, 12:45:27 AM

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.

EnfoncerQ2

newbie

Activity: 28

Merit: 0

I cant wait to buy something with BTC.

polynesia

legendary

Activity: 1358

Merit: 1000

Quote from: itsAj on August 23, 2014, 12:29:09 AM

Quote from: srgkrgkj on August 20, 2014, 03:43:20 PM

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.

giveBTCpls

sr. member

Activity: 322

Merit: 250

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.

PenAndPaper

sr. member

Activity: 252

Merit: 250

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

itsAj

hero member

Activity: 588

Merit: 500

Quote from: srgkrgkj on August 20, 2014, 03:43:20 PM

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.

MyLuckyMichelle

newbie

Activity: 38

Merit: 0

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.

GangkisKhan

full member

Activity: 141

Merit: 100

Quote from: srgkrgkj on August 20, 2014, 03:43:20 PM

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.

Buybtc4PP

member

Activity: 71

Merit: 10

Quote from: srgkrgkj on August 20, 2014, 03:43:20 PM

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.

Swordsoffreedom

legendary

Activity: 2884

Merit: 1115

Leading Crypto Sports Betting & Casino Platform

Quote from: srgkrgkj on August 20, 2014, 03:43:20 PM

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.

srgkrgkj

legendary

Activity: 1218

Merit: 1000

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

Topic: Overstock To let International Customers Pay With Bitcoin - page 2. (Read 2326 times)