Topic: Reasons of why bitcoin accepting shopping sites are not famous (Read 1666 times)
There are not much web shops that are accepted Bitcoins and they are not well promoted as well so they need better advertising. Also you can't find many diverse shops so users can't buy as much different goods as they would like to. I think many merchants still think that accepting Bitcoins brings too much risk for them.
We all can see that on internet there are a lot of online shopping sites which have a lot of customers even bitcoin users also need paypal to shop online while they do not know that with bitcoin they can shop online easily without any exchange but they do not know about these sites. The reason is that these online shopping sites do not advertise their sites they even do not advertise on here which is the biggest bitcoin community and where they do not need any higher budget for advertising but can start a smaller signature campaign.
Those new sites are just trying to see whether accepting bitcoin would be successful and profitable.Once they get good results,they would start advertising their sites that they would start accepting bitcoins.But how come they will get any profit from accepting bitcoin if the bitcoin users does not know that they are accepting bitcoin. They must advertise that they are already accepting bitcoin from the start. That way, they can evaluate whether accepting bitcoin as payment is profitable or not.
There are some reasons for what shopping sites don't accept bitcoin for selling products. Most of the shopping sites are legal and bitcoin's legal status is still not clear in many countries. So they are not sure whether to accept it or not, because it may create a lot of problem for them during audit. It may affect their tax status in that country as well as enforcement agencies can start running behind them.
Also the dynamic pricing of bitcoin can also be another reason for not accepting bitcoin. The percentage of profit can differ from time to time. So it is not possible to keep a dynamic price for the products which will change every hour. A product value can change from 1 grand to 1.5 grand within an hour if the bitcoin price is not changed with the market rate. These are two basic reason I can say.
Also the dynamic pricing of bitcoin can also be another reason for not accepting bitcoin. The percentage of profit can differ from time to time. So it is not possible to keep a dynamic price for the products which will change every hour. A product value can change from 1 grand to 1.5 grand within an hour if the bitcoin price is not changed with the market rate. These are two basic reason I can say.
We all can see that on internet there are a lot of online shopping sites which have a lot of customers even bitcoin users also need paypal to shop online while they do not know that with bitcoin they can shop online easily without any exchange but they do not know about these sites. The reason is that these online shopping sites do not advertise their sites they even do not advertise on here which is the biggest bitcoin community and where they do not need any higher budget for advertising but can start a smaller signature campaign.
There are a lot of sites which accepted bitcoin transaction back to last few years when a transaction doesn't need a lot of time to be confirmed. Everyone could access those sites on Google of course, search it which took place in your city/country.But, how much people willing to spend their precious bitcoin instead of just using fiat money to do a transaction easier and faster today? maybe just a few because many people think to saving their bitcoin as long term investment.
Steam can be considered an online shop, and they do accept Bitcoin. The payments are even instant..
For a clothings shop, or something similar to Amazon, it would be easy to implement BTC. That's because they're giving you a term of 2-3 days for shipping, time in which they can see whether the payment has been confirmed or not.
My guess is they do not want to accept BTC because of the highly volatile price.
We all can see that on internet there are a lot of online shopping sites which have a lot of customers even bitcoin users also need paypal to shop online while they do not know that with bitcoin they can shop online easily without any exchange but they do not know about these sites. The reason is that these online shopping sites do not advertise their sites they even do not advertise on here which is the biggest bitcoin community and where they do not need any higher budget for advertising but can start a smaller signature campaign.
There are a lot of sites which accepted bitcoin transaction back to last few years when a transaction doesn't need a lot of time to be confirmed. Everyone could access those sites on Google of course, search it which took place in your city/country.But, how much people willing to spend their precious bitcoin instead of just using fiat money to do a transaction easier and faster today? maybe just a few because many people think to saving their bitcoin as long term investment.
There is not that many people using bitcoin and maybe the percentage of bitcoin users that are really online shoppers are very low as well. So, the effect of accepting bitcoin in a shop is very minimal.
As said it's one of the prime reason for the decreased popularity of bitcoin accepting stores. This will become popular when the user rate increases high. Also bitcoin accepting shops are found low, and also only limited service were available that we cannot get what we look for, but can get the one provided by the service providers.
There is not that many people using bitcoin and maybe the percentage of bitcoin users that are really online shoppers are very low as well. So, the effect of accepting bitcoin in a shop is very minimal.
We all can see that on internet there are a lot of online shopping sites which have a lot of customers even bitcoin users also need paypal to shop online while they do not know that with bitcoin they can shop online easily without any exchange but they do not know about these sites. The reason is that these online shopping sites do not advertise their sites they even do not advertise on here which is the biggest bitcoin community and where they do not need any higher budget for advertising but can start a smaller signature campaign.
This simply means that there are still lots of area for Bitcoin to cover to be able to be accepted in some famous sites. These sites are advertising but due to the fact that the market is just booming, not all are aware of it. But some business that had been around for sometime now are getting popular. It will take time to be popular and not just overnight.
Maybe they can't afford to have that campaignnthat is why they are staying stagnant as they are right now. If they are not that popular, means maybe their items are not that popular to bitcoin users or their services are not that good. Because if that is really a good site, then there may be a lot of costumers there making a proof here or suggesting those sites.
We all can see that on internet there are a lot of online shopping sites which have a lot of customers even bitcoin users also need paypal to shop online while they do not know that with bitcoin they can shop online easily without any exchange but they do not know about these sites. The reason is that these online shopping sites do not advertise their sites they even do not advertise on here which is the biggest bitcoin community and where they do not need any higher budget for advertising but can start a smaller signature campaign.
What specific bitcoin accepting shopping sites you are talking about? You won't noticed that if you don't have some list on hand.
All I can see most is, merchants accepting bitcoin but with the use of third party services and not with a direct payment of bitcoin. And for this kind of business, I don't think it's necessary for the owners to held some signature campaign here because shopping with bitcoin is a must and one of the favorite thing to do with the average numbers of bitcoin users. Customers will come automatically without grabbing them.
Most of the sites that i have seen do advertise on their checkout page that they accept bitcoin. They don't usually offer this method for getting more customers, but only as a form of convenience for people who might want to pay with bitcoin. In a lot of physical stores that accept bitcoins do show a bitcoin logo at the door.
A sig campaign for advertising their sites or shops won't do any good though.
A sig campaign for advertising their sites or shops won't do any good though.
I agree with your point they really need to promote their industry over the internet to show that they are accepting bitcoin like bitrefill is nowadays doing. Bitrefill is advertising everywhere their service with which it is doing double work one they are promoting bitcoin and the other they are getting much more clients to their service.
We all can see that on internet there are a lot of online shopping sites which have a lot of customers even bitcoin users also need paypal to shop online while they do not know that with bitcoin they can shop online easily without any exchange but they do not know about these sites. The reason is that these online shopping sites do not advertise their sites they even do not advertise on here which is the biggest bitcoin community and where they do not need any higher budget for advertising but can start a smaller signature campaign.
Well, I really want to see amazon advertising on bitcointalk.
And people having amazon signatures on this website.
Especially in the gambling and in the market place area.
Do you honestly think that this "community" is big enough right now so that the big ones will start doing campaigns here?
A possible reason for this is that they do not prioritize the use of bitcoin as payment as of now. I think that they already thought about announcing their shop is already accepting bitcoin as payment. That is a basic marketing strategy. But if they do not prioritize that type of payment (via bitcoin) then they will not waste funds by having signature campaigns. They will just include in their website that they are accepting bitcoin or they will just include that detail in their banner or whatever.
We all can see that on internet there are a lot of online shopping sites which have a lot of customers even bitcoin users also need paypal to shop online while they do not know that with bitcoin they can shop online easily without any exchange but they do not know about these sites. The reason is that these online shopping sites do not advertise their sites they even do not advertise on here which is the biggest bitcoin community and where they do not need any higher budget for advertising but can start a smaller signature campaign.
Could you be more specific and tell us which online shopping sites are we talking about here? There are some online shopping sites that accept bitcoin like newegg and shopify stores. If you're really that concerened about these shopping sites why not ask them to start a signature campaign.They were not that popular yet but soon online shops will adapt btc payment, today online shops offers cash on delivery payment thats why they are more accepted by many,thats why it is use more ,it also feature free shipping that is still not available thru btc.
We all can see that on internet there are a lot of online shopping sites which have a lot of customers even bitcoin users also need paypal to shop online while they do not know that with bitcoin they can shop online easily without any exchange but they do not know about these sites. The reason is that these online shopping sites do not advertise their sites they even do not advertise on here which is the biggest bitcoin community and where they do not need any higher budget for advertising but can start a smaller signature campaign.
Could you be more specific and tell us which online shopping sites are we talking about here? There are some online shopping sites that accept bitcoin like newegg and shopify stores. If you're really that concerened about these shopping sites why not ask them to start a signature campaign. We all can see that on internet there are a lot of online shopping sites which have a lot of customers even bitcoin users also need paypal to shop online while they do not know that with bitcoin they can shop online easily without any exchange but they do not know about these sites. The reason is that these online shopping sites do not advertise their sites they even do not advertise on here which is the biggest bitcoin community and where they do not need any higher budget for advertising but can start a smaller signature campaign.
In my opinion it happens because bitcoin is pretty well-known, but not popular yet- not many people are using it even one time in a week, and we are talking about more common use, at least two days in a week I guess.Also, the paypal transactions system is also a big competition for bitcoin, because we dont have to pay such a high fees lately, and most importantly you dont have to wait for 3 confirmations, as with blockchain.
I think that companies and stores which sell electronic and digital goods, should focus their marketing campaining mostly on bitcoin-related forum and sites, I think it might be a really wise idea if someone is accepting bitcoin as a payment method.
The reason could be as simple as most of the bitcoin accepting sites are just not famous. They were not famous before accepting bitcoins or are famous after accepting. In my opinion bitcoin users like to spend their bitcoins on products of some specific categories and if a bitcoin accepting store have these products then advertising in a proper manner might make that shop a bit popular. When Steam and Fiverr started accepting bitcoins it was a big news because both of them are well established brands. Accepting bitcoin is not simply going to make a shop popular unless you have targeted products for the bitcoin users.
Companies like Overstock are bitcoin supporters. You can't say that they are not famous.
Moreover, a lot of sites accept Bitcoin through payment processors.
Most of bitcoiners are screen addict. They prefer to spend their btc on gambling sites than to buy stuff.
I can attest to this. Most people I know who are utilizing bitcoins don't really buy anything for themselves online; they just blow it up on sports betting or online casinos in hopes of making it big somehow. Also, one of the reasons why these online shops are not so popular since most people still choose to go the way of credit cards which they are familiar with so as no to get screwed or be fcked up by doing the wrong things with bitcoins.
bitcoin is currently developing. and in fact is not yet widely-known e-commerce are adopting bitcoin as a medium of payment.
but already there are some large companies that accept bitcoin, bitcoin will continue to grow and expand their services.
but already there are some large companies that accept bitcoin, bitcoin will continue to grow and expand their services.
Yeah, bitcoin is in developing. Bitcoin I think the future will be accepted by other large companies.
And the reason why the company, especially shopping sites are not popular in accepting bitcoin is the price is not stable, just imagine if the bitcoin price keeps changing that make price at the site changing too. Hehe Thank you
like to operate. As we can see the volume of transactions are increasing on a daily basis and we see as well how the price just rise.
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