why aliexpress don't use bitcoin ? - page 3.

kingcolex

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Quote from: mayax on February 26, 2015, 03:33:46 PM

they don't work with shits

they want real cash not "bitcoin". same for others. do you really think that a big company needs BTC? hahah

even they accept bitcoin(because it's trendy) they don't own it. they get cash from an exchange like Bitpay.

They could be their own exchange, it's well known the Chinese love Precious Metals and non inflationary wealth. Once they can set up an exchange 100% and have zero issue they will be exchanging the BTC themselves.

mayax

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Quote from: kingcolex on February 26, 2015, 03:41:01 PM

Quote from: mayax on February 26, 2015, 03:33:46 PM

they don't work with shits

they want real cash not "bitcoin". same for others. do you really think that a big company needs BTC? hahah

even they accept bitcoin(because it's trendy) they don't own it. they get cash from an exchange like Bitpay.

They could be their own exchange, it's well known the Chinese love Precious Metals and non inflationary wealth. Once they can set up an exchange 100% and have zero issue they will be exchanging the BTC themselves.

they don't need complications and why would they need BTC? BTC market is TOO small. up to 1.5 mil users and only up 100.000 regular users.

a medium online referral program has more members

let's not forget that wordpress doesn't accept BTC anymore. they only got up to 1-2 BTC payments per week... YES, 1-2 payments/weekly.

BTC market is a joke. it's only propaganda and nothing more.

mayax

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they don't work with shits

they want real cash not "bitcoin". same for others. do you really think that a big company needs BTC? hahah

even they accept bitcoin(because it's trendy) they don't own it. they get cash from an exchange like Bitpay.

arvindr

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Quote from: najzenmajsen on February 26, 2015, 11:22:42 AM

Quote from: ChuckBuck on February 26, 2015, 11:20:55 AM

Quote from: thompete on February 26, 2015, 11:01:08 AM

Dont they already have something called Alipay ? And just like you would argue for any other store to accept bitcoin, aliexpress already has more options for payments than most of the other marketplaces.

Correct. They have their own payment system called Alipay, which is why they don't incorporate Bitcoin:

http://global.alipay.com/ospay/home.htm

They'd be cannibalizing their own product by doing so. If and when Bitcoin approaches their level of transaction volume, I'm sure they'll consider adding it as an option.

we're probably gonna get added once bitcoin shows the world how amazing it is :>

6 years in. I think we are already past that phase now. Its just the volatility which keeps the people out from investing into it.

dothebeats

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Basically because they already have their own payment system/processor? The alipay is what they call it afaik.

kingcolex

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Quote from: bryant.coleman on February 26, 2015, 11:31:42 AM

Considering the opposition faced by Bitcoin in China, it is not surprising to see major Chinese retailers such as Alibaba / Aliexpress avoiding BTC payments. Hopefully they will reconsider their decision in a few years.

They will, they act like an escrow service anyways, would be easy to hold bitcoin only issue would be volatility with time between goods delivered (month is a pretty common wait time)

Meuh6879

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yes, i think too ... when i read "so, the 50% hashrate of bitcoin is located in China, now ... in 2015".

Grin

things doesn't append by error ...

carlosiness

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i believe it is matter of time and it will have crypto currencies system installed in it.

Meuh6879

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Quote from: Madness on February 26, 2015, 10:40:30 AM

As we all know that Bitcoin is irreversible once you do the transaction . so basically if you send BTC to the seller It's done . there is no way you can claim your buyer protection to be extended or do Chargeback even if the seller don't send the goods .

Aliexpress use always an Escrow (it's not alibaba !).

So, you can have a complete recovery of fund if you don't receive the item ... or a partial refund if the item is not the descripted indicate on the action.

Aliexpress is like ebay but without paypal (job do by aliexpress in internal).

bryant.coleman

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Considering the opposition faced by Bitcoin in China, it is not surprising to see major Chinese retailers such as Alibaba / Aliexpress avoiding BTC payments. Hopefully they will reconsider their decision in a few years.

najzenmajsen

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Quote from: ChuckBuck on February 26, 2015, 11:20:55 AM

Quote from: thompete on February 26, 2015, 11:01:08 AM

Dont they already have something called Alipay ? And just like you would argue for any other store to accept bitcoin, aliexpress already has more options for payments than most of the other marketplaces.

Correct. They have their own payment system called Alipay, which is why they don't incorporate Bitcoin:

http://global.alipay.com/ospay/home.htm

They'd be cannibalizing their own product by doing so. If and when Bitcoin approaches their level of transaction volume, I'm sure they'll consider adding it as an option.

we're probably gonna get added once bitcoin shows the world how amazing it is :>

ChuckBuck

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better everyday ♥

Quote from: thompete on February 26, 2015, 11:01:08 AM

Dont they already have something called Alipay ? And just like you would argue for any other store to accept bitcoin, aliexpress already has more options for payments than most of the other marketplaces.

Correct. They have their own payment system called Alipay, which is why they don't incorporate Bitcoin:

http://global.alipay.com/ospay/home.htm

They'd be cannibalizing their own product by doing so. If and when Bitcoin approaches their level of transaction volume, I'm sure they'll consider adding it as an option.

thompete

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Dont they already have something called Alipay ? And just like you would argue for any other store to accept bitcoin, aliexpress already has more options for payments than most of the other marketplaces.

neoneros

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I can draw your avatar!

Quote from: Madness on February 26, 2015, 10:40:30 AM

Adding Bitcoin on Aliexpress won't work with their policy I guess mate . As we all know that Bitcoin is irreversible once you do the transaction . so basically if you send BTC to the seller It's done . there is no way you can claim your buyer protection to be extended or do Chargeback even if the seller don't send the goods .

~ Madness

That is where an escrow service comes in handy?
There are more ways to do so, with btc it could be easyily setup. Aliexpress could accept the payments and pay the merchant through their own creditcard service?
If all needs to be reversed they fix it with the merchant and then pay back the bitcoins?

It would be great though, got some great deals and looking for more

AtheistAKASaneBrain

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Quote from: cozk on February 25, 2015, 08:26:53 PM

They have their own payment system. They own little paypal.

But paypal is accepting BTC so they should too soon.

Madness

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My goal is becaming a billionaire.

Adding Bitcoin on Aliexpress won't work with their policy I guess mate . As we all know that Bitcoin is irreversible once you do the transaction . so basically if you send BTC to the seller It's done . there is no way you can claim your buyer protection to be extended or do Chargeback even if the seller don't send the goods .

~ Madness

mlferro

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Today do not using. But surely will use in a near future.

cozk

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They have their own payment system. They own little paypal.

Meuh6879

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it's a real question because i see many other payment method from isolate country ... and aliexpress don't allow paypal.
so bitcoin is more competitive for fees (and chargeback, too).

and the 24h to verified the credit card payment is ... you see what i mine ... Cheesy

Topic: why aliexpress don't use bitcoin ? - page 3. (Read 3773 times)