Pages:
Author

Topic: Why is Amazon.com still resisting the use of BTC for payment? - page 11. (Read 8418 times)

hero member
Activity: 602
Merit: 500
Also I believe Amazon themselves are payment processors. That being the case they're not going to be into farming out to Bitpay and friends. No shortage of gift card options which are good enough for me. 
yes we know about it,amazon gift card just like payment for people to buy something on amazon,but i think next year or next 2 years,amazon will start to interesting to bitcoin,will be great news if that really happen.
sr. member
Activity: 266
Merit: 250
Do you think Amazon introduced "Amazon Coins" as a feeler for crypto currency?

http://www.amazon.com/gp/feature.html?docId=1001166401

What are Amazon Coins?
Amazon Coins are a digital currency (100 Coins = $1) that allows you to buy Android apps, games and in-game items for less. The more Coins you buy, the greater the discount.

Where can I spend coins?
You can spend Amazon Coins, like money, on apps and games from the Amazon Appstore. The Appstore is available for your Android phone or tablet, including Fire tablets.
hero member
Activity: 1148
Merit: 527
There are several possible reasons but I do think that the bitcoin adoption is still in probably experimental stage. They're probably looking into Steam's progress whether it becomes successful or not.
 
Although I'm pretty sure they'll be forced to adopt bitcoins as well as soon as 'the bigs' also starts accepting bitcoins.
newbie
Activity: 55
Merit: 0
The market capitalization of BTC is 8 billion,
What is the market cap for Paypal?
full member
Activity: 211
Merit: 100
They're still resisting to it simply because Bitcoin is still something so small compared to the rest.
newbie
Activity: 55
Merit: 0
I am surprised Amazon has not accept BTC and it is difficult to understand.

I can perfectly understand why eBay has not because it is sleeping with Paypal.
sr. member
Activity: 336
Merit: 250
I think they dont want to involve in bitcoin, And the price of bitcoin isnt accurate, But i think sooner in the future they will accept bitcoin as payments
legendary
Activity: 3766
Merit: 1217
Right now Bitcoin is not popular enough to be considered by Amazon as one of the payment options. How many Bitcoin users are there who use the crupto-currency regularly? Out of the 100,000 or 200,000 users, less than 5% are regular users. That means that just around 5,000 or 10,000 individuals who are interested in making their payments through BTC.
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
from my thought,they're still worried about bitcoins fluctuating characteristic,when their user paying a stuff through bitcoin the price can be suddenly changing even the money automatically exchanged to FIAT when the user done sending the money(bitpay)
legendary
Activity: 1904
Merit: 1074
They opt for payment options where customers can do chargebacks and where extra services can be charged to make up for those faults. How nice is it, if your payment option have features where the

customers can lose money and where you can milk that threat and charge them extra fees {insurance} to cover that loss.  Roll Eyes We also do not know what backroom deals these services has with other

payment methods.  Huh Huh Huh ...Just imagine what profit is generated for banks and PayPal, if everyone use their service.  Huh
legendary
Activity: 2870
Merit: 7490
Crypto Swap Exchange
Amazon have their own credit cards and Amazon Payments account with help from 3rd party, so if they were to accept bitcoin, their other service would be dead.
But, i think it's just matter of time before they accept bitcoin if their competitor accept bitcoin as payment.
hero member
Activity: 546
Merit: 500
Is it a business reason? Or perhaps the complexity of bitcoin accounting creating potential issues?

What do you think?

They want more people using it i guess, they mainly just want solid trade vehicles so buyer and seller are happy.  They then take a cut, everyone wins.  I think we will see paypal full into bitcoin pretty soon.
legendary
Activity: 1610
Merit: 1183
They are pussys. They are scared to take the step, so they are waiting for all the big companies to do it first. Steam is already in the game, next will be Paypal as we have seen that they are already getting patents to accept Bitcoin, even Dogecoin may be accepted.

After Paypal, Amazon will be forced to deal with it and jump on the winning team.
hero member
Activity: 2926
Merit: 567
This is a corporate decision not to at this point of time,maybe the big bosses are not yet open to this kind of system because of the controversy surrounding Bitcoin,one experts on Bitcoin should be the one to explain how Bitcoin really works and why should they accept it..
legendary
Activity: 1988
Merit: 1317
Get your game girl
Is it a business reason? Or perhaps the complexity of bitcoin accounting creating potential issues?

What do you think?
1.No it is not the complexity of bitcoins,matter fact,bitcoins is much simpler than other amazon payment methods.
2.Yes business reason is correct,right now amazon support different electronic payment methods depending on the country you're from .For India,it supports Paytm and other few wallets I guess.
3.If they completely replace their payment structure,they might face a serious business loss as most of the people are convenient with paying by traditional methods.
4.Bitcoin could be added as an alternative payment method ,but hey, will the 3rd party service accept that payment ? Depends highly on that.Even if amazon accepts bitcoin payments,the sellers should accept it too!
legendary
Activity: 1862
Merit: 1004
Is it a business reason? Or perhaps the complexity of bitcoin accounting creating potential issues?

What do you think?
Maybe a business reason.They may not be aware of bitcoin potential or may be afraid of the fluctuating nature of bitcoin price..Besides this I cannot think of any other reason.
Usually when you are merchant or a store which accept bitcoin you don't stash your coins but you exchange it right away to FIAT. So fluctuating nature of Bitcoin has nothing to do with it.

Actually I think after Steam accepted BTC other big companies are just waiting to see how that move will affect Steam in the long run.
legendary
Activity: 2282
Merit: 1041


it would have been great if they just accept btc. with bitcoin logo on their pages, it will arise interest to the people. maybe they won't resist if they use altcoin such as ETH? Smiley it don't have a bad rep so far.

anyway, they could have earned a lot if they just used bitcoin now that its price spiked.
hero member
Activity: 1190
Merit: 568
Sovryn - Brings DeFi to Bitcoin
Is it a business reason? Or perhaps the complexity of bitcoin accounting creating potential issues?

What do you think?

I think they resisting to use the bitcoin for payment because it has a bad image to government because other they use it in illegal there a chance that if they accept bitcoin in their payment option they can include in many case in darkweb. If the company can include in that case theres a chance that many of their costumer dont buy in their online shop so if i am the owner of that company i wouldnt accept bitcoin as a payment.
hero member
Activity: 658
Merit: 500
May be Amazon think, that BTC user base is not large enough for them, they just wait and then implement Bitcoin as payment.  Wink
legendary
Activity: 3500
Merit: 6981
Top Crypto Casino
Who cares?  I'm perfectly happy buying stuff on Amazon with fiat.  If I had bought something last week, I'd be kicking myself today because of the price spike.  And that about sums it up as to why bitcoin is a lousy currency.   Stop pretending it isn't.
Pages:
Jump to: