Topic: When Will Amazon (AMZN) Accept Bitcoin? - page 2. (Read 350 times)

I am not sure about Bitcoin but if this news is correct then Amazon might be considering to accept SHIBA INU for payment. You can read this news here - https://watcher.guru/news/amazon-to-accept-shiba-inu-as-payment-shib-alike-dog-seen-on-amazon-day-page

This might be a coincidence but if it actually happens then this meme coin might rule the market in 2022.

Actually they can if they wanted too. Maybe they are more concern with the regulations with the SEC bitcoin are intact with. Regardless the price is volatile, there are ways on how to set the terminal payment for its real time value in which the price will be used and deducted from bitcoin is on par with the market value. Yes it could be the reason that its volatile. Seriously, why not use fixed one crypto like stablecoin right? Isnt it much better.

At the moment they don't directly accept btc payments but you can go through any third party payment processing services like members have mentioned.There were some rumours in the past about Amazon accepting it but later no signs of it.But it can be accepted that at growing pace of adoption they might come into support and directly accept it as mode of payment so till then let it the way it's going.

Buying gift cards via bitrefill (or any other site) is not the same as using bitcoin directly at the merchant. Buying a gift card via a third party means you have to trust the merchant, the third party (and any third parties the entity you are buying from is using to procure the gift cards).

---

I don't see Amazon accepting bitcoin in the near future. They are not a change maker. Amazon does not innovate, they do things at scale that allow them to undercut their competitors. Amazon will not start accepting bitcoin until its competitors start accepting bitoin, and this becomes a competitive disadvantage.

They will start accepting bitcoin when the number of people who are spending their bitcoins passes a threshold that justifies adding the new payment option. Otherwise if they add it and very little number of users paid with bitcoin it would be a waste of resources and an unnecessary headache.

What is a "digital acid"?

It's a gradual process, and I don't think because we are Crypto-currency enthusiast we should force business owners into adding crypto-currency into their medium of payment it should be by choice, let's say those companies hasn't yet fully accepted they need Bitcoin and crypto-currency added, but with time and as the world continuously changes, I strongly believe they would come around.

Are you not aware that Amazon doesn't accept any transactions with cryptocurrency and especially bitcoin in particular. So Amazon seems Bitcoin from long time like a currency that's use for embezzlement of funds and also shutcut for money laundering, so they management doesn't encourage or embrace their transactions with bitcoin irrespective of how broad or large the transaction is going to take. They are against bitcoin right from the introduction of bitcoin, and is very obvious.

I think somebody on this forum recently posted that Amazon is looking into handling crypto, or incorporating it one way or another. You have to keep in mind that Amazon is a behemoth of a company, and any major changes tend to be slow, and sometimes it turns out adopting something like crypto could be really far down the line (in terms of general crypto adoption). This seems like an important thing that could define a company's image and reputation and they want to figure out every nook and cranny before they venture into it. This isn't just listing a couple of books in your online librari.

Look, Amazon is the biggest company in the world, and theyare always looking for opportunities to generate money or profit. They didn't take any decisions suddenly or fast either. Before taking any decision, they obviously have meetings after meetings. And Amazon is a company that always invests its income in marketing and making new business models. So because of their marketing investment, they show a very low profit margin, and if I am not wrong, Amazon is a company that pays tax roughly because they show their profit margin very low. In that case, if they accept bitcoin as their payment system, they have to face 2 types of problems. First, though their market is globalized, some countries accept bitcoin and some countries do not. In that case, they have to separately offer the system for those countries' payment methods: crypto payment or non-crypto payment. 
 
Another problem is tax. If they accept payment in crypto, then they have to pay tax in 2 categories, like as an e-commerce company tax and another one is crypto tax, where they have to spend double the cost. 
 
3rd because of the volatile bitcoin price. They generate nearly $200 million in revenue by selling products at bitcoin high prices.However, at the end of the year, the price of bitcoin dropped by 20% to 30%, and they went from 200 million dollars to a loss.Then they might face a loss because they have to pay the seller in fiat. But if the price goes up, then you might get a profit. 
 
As a crypto member, we know anything can happen in crypto. 
amazon might be thinking this types of things. They might be think to accept bitcoin or crypto in future because we know crypto is future, And we believed it. Thank you.
 
 
 
 

The number of people that own(or better yet, actually use) bitcoin is just so minuscule that they really don't have that much incentive to add it. Not to mention that while I'm not totally sure how Amazon works as I'm not from the US, it might give them some trouble due to stolen bitcoin potentially being used to purchase stuff from them.

It might be quite a lot of downwards pressure on the market unless those companies find someone to shift the coins to otc (ie if they're just sold on market over the day).

There's also probably not enough thought gone into it and the ways they can make money from it yet (that'll probably happen in time though - especially since parts of PayPal have accepted custodial holdings of bitcoin).

I think because Amazon has markets in different countries am certain that they irst trying to establish the legal standing of cryptocurrencies in these countries and once all have the green light to have crypto then i see amazon opening its doors to we the crypto users and most possibly accept crypto especially that one of its competitors newegg has intergrated some crypto into its ecosystem.
For now its a waiting game.

There is a way around that and that is through Bitrefill.

Amazon doesn't accept Bitcoin, but you can purchase an Amazon gift card with Bitcoin in various amounts.
There are some for eBay as well.
Bitrefill doesn't seem to have any for Walmart though, but if this retailer offers gift cards, I am sure you can purchase them somewhere else.

May be because of adoption reason, they will not have option with time if many customers are asking for it. I do not have problem with this because I use fiat to buy. I prefer to save bitcoin unless I do not have enough fiat. These companies are only looking for ways to earn money, this will be in their among their plans but it will remain for them to get the pros and cons before making any move.

I'm not sure if price volatility is the reason since there are many payment gateways that allow accepting BTC payments and transferring them directly to your bank account.


This stopped being a problem for people for some time now, especially with the increasing number of gift cards providers and bitcoin debit cards.

Why Biggest E-Commerce’s platforms (Amazon,e-bay,walmart,etc)are still not accepting the biggest digital acids BTC,why they are not giving us the payments methods for crypto currency?why shoppers can not enjoy online shopping with paying cryptocurrency?
I find some Answer its may be due to rapid change in the price of btc or may be something else