Topic: Why is Amazon.com still resisting the use of BTC for payment? - page 6. (Read 8433 times)
It might be the same reason as the wow private server refuses to implement btc as a payment option, the price is juat going up and down too fast and significantly, ao it might just be that.
I reckon it's either they don't trust the stability of bitcoin pricing(we all know it can be up and down sometimes) and don't want customers to have a bad experience because of it(imagine a product's price changing depending on when in the day you buy it) or they just don't think it's worth it right now. That second one is fair enough, it might not be worth the time and money investment for them.
they still have doubts on Bitcoin as payment due to the current bitcoin users is still very little compared to how payment which exists. it will indeed be a big problem for us but one day Amazon will receive BTC as a means of payment
Is it a business reason? Or perhaps the complexity of bitcoin accounting creating potential issues?
What do you think?
maybe they dont accept it because of the price changing i guess What do you think?
maybe they think they don't have to cause less people shop with bitcoin
Seems like you're not really updated, are you? Paypal has already announced it's intention of integrating bitcoin as one of the currencies/services offered by them. It means every business which are already doing with paypal, automatically going to embrace bitcoin. But direct acceptance by amazon would be a great leap. I could not guess what are hidden businesses under this.
Soon enough all websites will start accepting BitCoin, then the whole world.
Is it a business reason? Or perhaps the complexity of bitcoin accounting creating potential issues?
What do you think?
They will obviously have their reasons which will be valid among which will include the rapid volatility of Bitcoin, as in the rate of change is unpredictable and this is bad for market as additional infrastructure will have to be put in place to effect the changes in volatility and this is additional cost to the firm. Another is the absence of regulation which is another major challenge to them. My opinion though... What do you think?
maybe they think they don't have to cause less people shop with bitcoin
I think it's because they have been providing a payment through PayPal for a long time (which is contrary to Bitcoin). Maybe PayPal threatened them to not provide Bitcoin as the payment or PayPal will leave, and seeing that the customers is mostly use PayPal then Amazon.com don't want to take the risk.
Will i guess this is all about the difference of price on bitcoin ajd fiat, i think amazon also don't like the way of anonymity of bitcoin gives to its users so i think amazon is up to that matter
I think the bitcoin is more anonymous than the cash. The reason that Amazon does not accept the bitcoin is that too few people use it.
Will i guess this is all about the difference of price on bitcoin ajd fiat, i think amazon also don't like the way of anonymity of bitcoin gives to its users so i think amazon is up to that matter
The main reason I think is that their sales operations is not affected by bitcoins. But if their competitors have used bitcoins and their sales grapj displays a going down line then that will be the time that they will consider using bitcoins as mode of payment.
Maybe amazon just don't want to gamble their operation with bitcoin, they might think that due to the price of bitcoin that is volatile for now they could lose so much money when downfall happens and maybe if bitcoin users are not knowledgeable with the nature of it they will face complain when during transaction the price will abruptly fall.
One prominent reason for Amazon not accepting Bitcoins would be because they probably consider its adoption not high amongst customers. I've noticed this with even certain types of credit cards aren't accepted on Amazon like mastero in my country, which considering it being used in many places should be included as well. It should probably be in their radar to be included sooner or later.
I believe if BTC prices remain stable which is signs of maturity, it is matter of time before they big agencies begin to reassess
Is it a business reason? Or perhaps the complexity of bitcoin accounting creating potential issues?
What do you think?
the price of bitcoins keep on fluctuating time to time.....this may be one of the reasonWhat do you think?
The transaction done with bitcoin take a while for the approval !! and mostly many skeptic wouldn't
want the use of bitcoins.
i don't think that there's a lot of reason why amazon.com isn't accepting bitcoin, because there's only one
and it is instability. just the word instability will cause any business man to have a doubt on something
that is unstable. but i think stability wont be achieve by bitcoin because of its deflation system.
and it is instability. just the word instability will cause any business man to have a doubt on something
that is unstable. but i think stability wont be achieve by bitcoin because of its deflation system.
Yeah your right but do you think bitcoin will be stable if this become fiat. If this become fiat it will be stable like currency.
Wikipedia also does not accept Bitcoins. I think this is a mistake. For some, much easier to send Bitcoins than using a credit card or paypal.
This is not a mistake but this is a strategy that has always been used by each company in it. Due to a commercial company of wanting to benefit greatly from those who need it, a strategy used is awaiting a command from the market about demand bitcoin.
Simply not enough paying Bitcoin customers I guess. It's not like Bitcoin users are known for spending their coins anyways and I believe the number of active Bitcoiners who spend coins daily or weekly is pretty small compared to credit and debt card users so Amazon from a business perspective doesn't need to push Bitcoin on their marketplace just yet.
Wikipedia also does not accept Bitcoins. I think this is a mistake. For some, much easier to send Bitcoins than using a credit card or paypal.
Its not a mistake 
its the business strategy and as op stated as due to the high fluctuation of bitcoin price they fear to accept them that's all but hope soon they will compromise with it and start accepting it 
I think the fluctuation alone is not the matter for which they do not want to accept bitcoin as fluctuation is existed in every currency, in some it is at large scale and in some it is at lower scale. The real reason will be something else, like they may want some more development in bitcoin or they will wait for the government and some financial institute to accept it, after that they will consider it important for their business.
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