Topic: When Giants E-commerce start to accept BTC? - page 4. (Read 1734 times)

For big e-commerce use of bitcoin in the next few years won't bring big benefit. Users of cryptocurrency are early followers for today. Those who believe in them, despite immaturity of cryptocurrencies for use in the market. Yet there is no sufficient critical mass of users who will be able to use every day bitcoin as means of payment instead of traditional means of payment

Purse.io is already acting like bridge between amazon and bitcoin despite the fact that amazon haven't announced support for bitcoin. But there are rumors that soon they gonna officially accept bitcoin as payment method.

There are still few mega merchants that are accepting bitcoin like overstock.com and steam.

Here it's the point.
I want to buy in Amazon or Alibaba something and pay in BTC.
Do you ever think this is gonna happen or not?

I mean, little and local e-shop are supporting nowadays the Criptocurrency Gateway; why instead do they seem to be late adopters?

And if yes, when do you think it will happen?

Here it's the point.
I want to buy in Amazon or Alibaba something and pay in BTC.
Do you ever think this is gonna happen or not?

I mean, little and local e-shop are supporting nowadays the Criptocurrency Gateway; why instead do they seem to be late adopters?

And if yes, when do you think it will happen?

There's a lot of online shop that accepts bitcoin nowadays and the three of them are Newegg, Shopify and Steam. But the main form of payment and still the most recommended is still fiat currency I think it is because of the fluctuations and volatility that's why some of the biggest e-commerce businesses are still in doubt in adapting cryptocurrencies as a payment but soon to be that the majority of all online stores will accept bitcoin for their products i think some of them are still in development and experimental but we will see soon.

I think scaling is definitely a challenge that are identified by them. They would be losing money, when people want to do transactions and Bitcoin goes through a spam period and these transactions cannot be done within a few hours. < slow confirmations >

This will cause further problems with their customer support being flooded with problems regarding "confirmation" issues. People has become used to "instant" transaction confirmation with other payment options like Credit cards and PayPal. Bitcoin has to address these issues, before it can be seriously considered by these ecommerce giants. ^hmmmmm^

It would still take a long time, do you hear the news that Vatican will show how bitcoin use on Human Slave? Another FUD right? another "bad news" for the reputation of Bitcoin, with these different forces that will release FUD articles about Bitcoin, Giant E Commerce will still think twice integrating bitcoin on their business.

It is really hard to put on a certain date as legality is one of the main concerns, one of the sites you mentioned is owned by a Chinese which we know China have strict laws about cryptocurrencies. Another concern that these companies will face to is the acceptance for it, will there be person who are willing to accept Bitcoin as their mode of payment if they will be incurring additional cost? If these 2 are not a issue anymore then we can start to see these websites to accept Bitcoin in the future.

A member already spoken about Purse so I will not talk about it. But there are some challenges for bitcoin to be accepted as a payment option in giant retail shops and e-commerce websites. Let me list down a few for you,

1. Fluctuating value: Bitcoin's value is dynamic and keeps fluctuating from one end to another within a very short period of time. So if you see a product price is 0.015 bitcoin now, it may change to 0.017 while checking out. E-commerce companies need a way to fight such fluctuations. Because it posses a huge risk on their profitability.

2. Transaction confirmation time: Currently bitcoin transactions usually take around 30 minutes if you pay suitable network fees. SO if you order something, your trade request won't get confirmed before the payment comes to their wallet. The system will have to keep checking for the transaction confirmation and then they can release the product for further processing and shipping. That isn't convenient.

3. Legal status of bitcoin: That is one of major challenges for bitcoin to be accepted as a payment gateway. The legal status of bitcoin is still not clear in majority of the countries. So e-commerce stores will not want to burn their hands on to something like this. They need transparency around their business.

I think these are the three major roadblocks for bitcoin to be accepted as a real payment gateway. It looks good now as an investment asset but not as a currency, at least for now. We need a faster and more stable crypto currency to become mainstream. Sad reality!

The number of small retailers is pretty low.  The difference is that they don't have a huge amount of resources to consider it, so their acceptance of BTC is somewhat experimental and they don't expect huge amounts of customers to be paying with it.

There's also the fact that BTC users are quite specific audiences, so very general audiences like Amazon may not be interested enough for it.  A VPN provider or porn site is more likely to accept BTC than Amazon or another major retailer.

As for adoption, I'd say it was happening more when the price was lower.  We're still mentioning the addition of one retailer at a time rather than giving general statistics or information.

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If you really need to use those major services, you could try converting BTC to gift cards or using indirect systems like Purse.

maybe https://purse.io/
will help you at the moment?
 

but yeap, still waiting for big changes!

Here it's the point.
I want to buy in Amazon or Alibaba something and pay in BTC.