why big companies like amazon don't accept bitcoin? - page 3.

Borisz

sr. member

Activity: 476

Merit: 251

Quote from: Beymond on February 16, 2015, 06:31:11 AM

Quote from: Borisz on February 16, 2015, 04:54:04 AM

On a recent flight ticket purchase with BalticAir I was offered to pay with Bitcoins or Visa/Mastercard. Bitcoin had a fee of 0 while Visa/Mastercard had an additional fee of 5.99€.
I paid so I can pay. I wish I had enough bitcoins to get the ticket.

So did they allow you to pay with bitcoins?
If you didn't had enough to pay for the ticket , why did you ask if they accept it in the first place ?

I didn't ask, it was one of the payment options!

And unfortunately I didn't have enough coins to pay my ticket. And since time was short, I didn't have a chance to exchange etc.

erikalui

legendary

Activity: 2632

Merit: 1094

Amazon uses PayPal as it is their most favorite and reliable option while they also accept Credit cards. They might be finding it better to use PayPal instead of using bitcoins. I guess in future, they may chose it as a payment option.

turvarya

hero member

Activity: 714

Merit: 500

Quote from: jacktheking on February 16, 2015, 06:17:24 AM

Quote from: turvarya on February 16, 2015, 05:14:05 AM

Quote from: jacktheking on February 16, 2015, 03:14:40 AM

Quote from: Kprawn on February 16, 2015, 02:24:52 AM

They are in bed with PayPal and more people currently use PayPal than BTC. So PayPal will have leverage with them to not accept BTC.

The credit card companies also have a stake in that, so they will also influence their decision.

These companies have a lot to loose, if Amazon add BTC as a payment method. At some stage, people will see the benefits of using BTC and they will naturally move to companies who accept it. {Overstock}

When Amazon starts to loose business because of that, they will have to change their partnership with credit card companies and PayPal.

Agree and this might be the reason. Dont worry, you can buy Amazon giftcard at purse.io or gyft.com.

Don't buy giftcards over purse.io. I lost money doing that, since Amazon can just invalidate them, without giving you a reason(since you are not the buyer of the giftcard)

Those are not consider giftcard then.. It is also why I buy giftcards from gyft two times and not purse.ipurse.io.

How are these not gift cards?
I talk about this things:
http://www.amazon.com/Amazon-com-Black-Gift-Card-Box/dp/B008EN462I/ref=sr_1_1?s=gift-cards&ie=UTF8&qid=1424083244&sr=1-1

What do you get at gyft?

Beymond

sr. member

Activity: 462

Merit: 250

Quote from: Borisz on February 16, 2015, 04:54:04 AM

On a recent flight ticket purchase with BalticAir I was offered to pay with Bitcoins or Visa/Mastercard. Bitcoin had a fee of 0 while Visa/Mastercard had an additional fee of 5.99€.
I paid so I can pay. I wish I had enough bitcoins to get the ticket.

So did they allow you to pay with bitcoins?
If you didn't had enough to pay for the ticket , why did you ask if they accept it in the first place ?

jacktheking

legendary

Activity: 1484

Merit: 1001

Personal Text Space Not For Sale

Quote from: turvarya on February 16, 2015, 05:14:05 AM

Quote from: jacktheking on February 16, 2015, 03:14:40 AM

Quote from: Kprawn on February 16, 2015, 02:24:52 AM

They are in bed with PayPal and more people currently use PayPal than BTC. So PayPal will have leverage with them to not accept BTC.

The credit card companies also have a stake in that, so they will also influence their decision.

These companies have a lot to loose, if Amazon add BTC as a payment method. At some stage, people will see the benefits of using BTC and they will naturally move to companies who accept it. {Overstock}

When Amazon starts to loose business because of that, they will have to change their partnership with credit card companies and PayPal.

Agree and this might be the reason. Dont worry, you can buy Amazon giftcard at purse.io or gyft.com.

Don't buy giftcards over purse.io. I lost money doing that, since Amazon can just invalidate them, without giving you a reason(since you are not the buyer of the giftcard)

Those are not consider giftcard then.. It is also why I buy giftcards from gyft two times and not purse.ipurse.io.

Blazr

hero member

Activity: 882

Merit: 1006

Quote from: Kprawn on February 16, 2015, 02:24:52 AM

They are in bed with PayPal and more people currently use PayPal than BTC. So PayPal will have leverage with them to not accept BTC.

The credit card companies also have a stake in that, so they will also influence their decision.

These companies have a lot to loose, if Amazon add BTC as a payment method. At some stage, people will see the benefits of using BTC and they will naturally move to companies who accept it. {Overstock}

When Amazon starts to loose business because of that, they will have to change their partnership with credit card companies and PayPal.

Amazon doesn't accept payments from PayPal, only credit cards.

turvarya

hero member

Activity: 714

Merit: 500

Quote from: jacktheking on February 16, 2015, 03:14:40 AM

Quote from: Kprawn on February 16, 2015, 02:24:52 AM

They are in bed with PayPal and more people currently use PayPal than BTC. So PayPal will have leverage with them to not accept BTC.

The credit card companies also have a stake in that, so they will also influence their decision.

These companies have a lot to loose, if Amazon add BTC as a payment method. At some stage, people will see the benefits of using BTC and they will naturally move to companies who accept it. {Overstock}

When Amazon starts to loose business because of that, they will have to change their partnership with credit card companies and PayPal.

Agree and this might be the reason. Dont worry, you can buy Amazon giftcard at purse.io or gyft.com.

Don't buy giftcards over purse.io. I lost money doing that, since Amazon can just invalidate them, without giving you a reason(since you are not the buyer of the giftcard)

Borisz

sr. member

Activity: 476

Merit: 251

On a recent flight ticket purchase with BalticAir I was offered to pay with Bitcoins or Visa/Mastercard. Bitcoin had a fee of 0 while Visa/Mastercard had an additional fee of 5.99€.
I paid so I can pay. I wish I had enough bitcoins to get the ticket.

kelsey

legendary

Activity: 1876

Merit: 1000

because its a waste of their time and effort, people hoard or trade bitecoin but few if any actually use it as a currency.

Madness

hero member

Activity: 644

Merit: 500

My goal is becaming a billionaire.

I found it weird too . but I guess this is what is happening : Since Amazon bought Twitch.tv and integrated Bitcoin on it .. they are probably doing tests and see how much people are using Bitcoin on Twitch , if they see a good amount of people they may added it to Amazon too . in the other hand they made Amazon coin or whatever the name is , not sure if it works same as Bitcoin tho

~ Madness

Agestorzrxx

sr. member

Activity: 462

Merit: 250

Quote from: asdsasd on February 16, 2015, 12:43:03 AM

amazon's payment processing fees cost them 3 billion per year (btc marketcap size lol) why don't they accept bitcoin? they could save a lot of money not to mention that they will get a lot of new customers

does anyone know where i can buy an iphone 4 (new) with bitcoin?

Because the price of bitcoin is not stable.

jacktheking

legendary

Activity: 1484

Merit: 1001

Personal Text Space Not For Sale

Quote from: Kprawn on February 16, 2015, 02:24:52 AM

They are in bed with PayPal and more people currently use PayPal than BTC. So PayPal will have leverage with them to not accept BTC.

The credit card companies also have a stake in that, so they will also influence their decision.

These companies have a lot to loose, if Amazon add BTC as a payment method. At some stage, people will see the benefits of using BTC and they will naturally move to companies who accept it. {Overstock}

When Amazon starts to loose business because of that, they will have to change their partnership with credit card companies and PayPal.

Agree and this might be the reason. Dont worry, you can buy Amazon giftcard at purse.io or gyft.com.

Q7

sr. member

Activity: 448

Merit: 250

Though it's easy to say, given the size of their business they need to consider all the risks involved before they provide bitcoin options. I'm sure this is in the pipeline but all these take time. We need to ensure bitcoin adoption become widespread before consider such request. A small 1 - 2 per 10 transactions may not be enough to start convince them.

funkenstein

legendary

Activity: 1066

Merit: 1050

Khazad ai-menu!

A lot of big businesses are more reliant than you might think on the counterfeiting cartel.

ikydesu

hero member

Activity: 686

Merit: 500

fb.com/Bitky.shop | Bitcoin Merch!Premium Quality!

Quote from: asdsasd on February 16, 2015, 12:43:03 AM

amazon's payment processing fees cost them 3 billion per year (btc marketcap size lol) why don't they accept bitcoin? they could save a lot of money not to mention that they will get a lot of new customers

does anyone know where i can buy an iphone 4 (new) with bitcoin?

Because they want not waste their time and money for bitcoin Roll Eyes

if more people use btc, maybe they will accept bitcoin too. Im sure they know bitcoin and they love it Cheesy

Fernandez

legendary

Activity: 1008

Merit: 1000

Be thankful they don't. While adoption is needed in the long run, right now we need less avenues for holders to sell their Bitcoins.

Kprawn

legendary

Activity: 1904

Merit: 1074

They are in bed with PayPal and more people currently use PayPal than BTC. So PayPal will have leverage with them to not accept BTC.

The credit card companies also have a stake in that, so they will also influence their decision.

These companies have a lot to loose, if Amazon add BTC as a payment method. At some stage, people will see the benefits of using BTC and they will naturally move to companies who accept it. {Overstock}

When Amazon starts to loose business because of that, they will have to change their partnership with credit card companies and PayPal.

Serge

legendary

Activity: 1050

Merit: 1000

re iphone: checkout overstock.com, tigerdirect.com, newegg.com if in US. i bought new samsung galaxy at overstock once they started accepting btc a while ago

asdsasd

newbie

Activity: 5

Merit: 0

amazon's payment processing fees cost them 3 billion per year (btc marketcap size lol) why don't they accept bitcoin? they could save a lot of money not to mention that they will get a lot of new customers

does anyone know where i can buy an iphone 4 (new) with bitcoin?

Topic: why big companies like amazon don't accept bitcoin? - page 3. (Read 3435 times)