Topic: Why is Amazon.com still resisting the use of BTC for payment? - page 9. (Read 8418 times)
I think because bitcoin can be a huge scam if they take bitcoin as their payment if someday bticoin will stop , it will be a huge loss on their business
Amazon have a protection policy whereby the refund money for items not as described by 3rd party sellers
the 3rd party sellers then have to prove that they have offered the goods or service.
I think this will be harder to implement with btc
the 3rd party sellers then have to prove that they have offered the goods or service.
I think this will be harder to implement with btc
Paypal recently has applied for patent for crypto payment. I wonder if this put pressure on Amazon.
i guess they want their own cryptocurrency or something like that and they dont want to be dependent on bitcoins at all
though i hope that sooner or later people will go on bitcoins as it would be easier to use amazon
though i hope that sooner or later people will go on bitcoins as it would be easier to use amazon
I think the first reason why amazon is hesitating to use bitcoin for payments is the block size limit, blocks are almost full and it needs more space if amazon will implement it because the number of bitcoin transaction will be increased too much. Another issue that i think is the instability of the price, long waiting time of confirmations etc.
Is it a business reason? Or perhaps the complexity of bitcoin accounting creating potential issues?
What do you think?
What do you think?
Amazon isn't resisting anything. There simply isn't enough consumer demand to justify integrating bitcoin into their payment platform.
Consumers aren't going to take time exchanging fiat to bitcoin so they can then buy an online item they could have already bought with fiat. That's never going to happen. As a community, I think we're too fixated on putting the cart in front of the horse.
The best way to get merchants to accept bitcoin, is to make the consumer side of the equation make sense. This can only be done by educating the public about the importance of payroll/wage integration. Get paid in bitcoin, spend bitcoin. That's the best route to merchant adoption.
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Getting paid (wages) in bitcoins is a strange idea. I could be getting paid less due to violatiblity. I am not sure i would do it.
But getting paid in bitcoins is simply getting paid in another currently, imagine yourself getting expat pay in other countries.
But i won't accept bitcoin as my currency for wage.
Amazon will not accept bitcoin because they want viable and traceable payment while bitcoin can be easily mixed and you can not know the address holder. also they have their gift card system so why would they think about accepting btc ?
Is it a business reason? Or perhaps the complexity of bitcoin accounting creating potential issues?
What do you think?
What do you think?
Amazon isn't resisting anything. There simply isn't enough consumer demand to justify integrating bitcoin into their payment platform.
Consumers aren't going to take time exchanging fiat to bitcoin so they can then buy an online item they could have already bought with fiat. That's never going to happen. As a community, I think we're too fixated on putting the cart in front of the horse.
The best way to get merchants to accept bitcoin, is to make the consumer side of the equation make sense. This can only be done by educating the public about the importance of payroll/wage integration. Get paid in bitcoin, spend bitcoin. That's the best route to merchant adoption.
~~
Is it a business reason? Or perhaps the complexity of bitcoin accounting creating potential issues?
What do you think?
We don't assume Amazon is still resisting to bitcoin for using it become their payment, Not only a business reason maybe it will have a more risk to accept bitcoin become their cash for now because there is no guarantee of legality for bitcoin. What do you think?
I think its impossible that amazon will accept bitcoin as payment because amazon is just like a market the owners of the product is not amazon so if they use bitcoin as payment they can not reverse the payment once the product shift to your country and if your receive product fault or not your order you can not reverse the payment..
Interesting question. I bought a lot of things from Amazon. I always use giftcards purchased using Bitcoin to shop at Amazon. Last year, in a thread similar to this, I said that Amazon.com should probably be accepting Bitcoin in the coming years. Well, I do really hope that what I said will be true. Paypal, Credit card or whatsoever payment method is just too bad for online merchants - at least from my perspective.
I don't know why you said it is bad for them as these payment methods will make things convenient and fast ,you don't need to drive or go to a place to just pay for what you want to buy in Amazon . The fee is acceptable as it will give you a comfortable way to buy things online and it is acceptable by the government for too long.And for the topic I think Amazon will just wait for BTC to be regulated or somehow stable which the BTC is not for the meantime. The price is not predictable at the moment it would sometimes spike or somehow goes down unlike fiat.
Is it a business reason? Or perhaps the complexity of bitcoin accounting creating potential issues?
What do you think?
What do you think?
Could have several reasons.The negative image of Bitcoin for instance.Or maybe they are waiting for a scaling solution.
Another possibility is they just could create their own coin or accept one the planned bankcoins.Sooner or later we will know in which direction amazon will go.
When the Amazon accepts the bitcoin, there will be lots of transactions. 1 MB block size is not enough. This will cause bad user experience.
Interesting question. I bought a lot of things from Amazon. I always use giftcards purchased using Bitcoin to shop at Amazon. Last year, in a thread similar to this, I said that Amazon.com should probably be accepting Bitcoin in the coming years. Well, I do really hope that what I said will be true. Paypal, Credit card or whatsoever payment method is just too bad for online merchants - at least from my perspective.
Perhaps they are afraid of bitcoins, the volatility of its price especially in my view, a small fall or rise can have serious consequences on their income, especially for a site like Amazon.
But if the Bitcoin grow, and they see that their competitors have accepted it, they probably will accept it.
But if the Bitcoin grow, and they see that their competitors have accepted it, they probably will accept it.
Bitcoin is still a shady business to many people. They probably don't want to be remembered anything related to a "shady business".
What about Microsoft, Steam, Overstock and many others? They clearly don't believe that or care.
Among those companies, Micrsoft surprised me the most by accepting bitcoins. Steam is a geek company just like us, no surprises there
I don't know much about overstock, in fact, i just heard it thanks to you.Yeah those companies don't believe that "shady business" thing which is a good thing for bitcoin. I never denied that. But it is what it is. Many companies still don't like bitcoin.
actually steam accepting bitcoin was so surprising to me. because they didn't suddenly decide to accept bitcoin overnight.
there has been so many requests from their users asking them to add bitcoin payment method and it took them a couple of years to finally accept it.
you can still find the topics on steamcommunity forums of people asking them to add bitcoin back in 2013 or even older.
I am guessing gamers have kickass graphics card and computer systems for them to play games and they use their system to generate bitcoins when it was way easier in 2013. It's a natural progression for them. Hey, gamers probably hold a lot of bitcoins.
Is it a business reason? Or perhaps the complexity of bitcoin accounting creating potential issues?
What do you think?
What do you think?
Could have several reasons.The negative image of Bitcoin for instance.Or maybe they are waiting for a scaling solution.
Another possibility is they just could create their own coin or accept one the planned bankcoins.Sooner or later we will know in which direction amazon will go.
An amazoncoin or a bankcoin will never work, a closed centralised ledger with no real value other than that assigned by the organisation is not what people want. They are probably holding fire until they see how this whole bitcoin thing pans out.
The main reason behind not accepting bitcoin as a payment alternative is its dynamic price.
bitcoin price is changing every moment and it is hard for a company big like amazon, to take exact price for a product with this dynamic environment.
Also it is not good for the buyers because, they might end up paying more for a product. My suggestion is that, hold your bitcoin. Don't buy silly things using it.
bitcoin price is changing every moment and it is hard for a company big like amazon, to take exact price for a product with this dynamic environment.
Also it is not good for the buyers because, they might end up paying more for a product. My suggestion is that, hold your bitcoin. Don't buy silly things using it.
Bitcoin is still a shady business to many people. They probably don't want to be remembered anything related to a "shady business".
What about Microsoft, Steam, Overstock and many others? They clearly don't believe that or care.
Among those companies, Micrsoft surprised me the most by accepting bitcoins. Steam is a geek company just like us, no surprises there
I don't know much about overstock, in fact, i just heard it thanks to you.Yeah those companies don't believe that "shady business" thing which is a good thing for bitcoin. I never denied that. But it is what it is. Many companies still don't like bitcoin.
actually steam accepting bitcoin was so surprising to me. because they didn't suddenly decide to accept bitcoin overnight.
there has been so many requests from their users asking them to add bitcoin payment method and it took them a couple of years to finally accept it.
you can still find the topics on steamcommunity forums of people asking them to add bitcoin back in 2013 or even older.
Bitcoin is still a shady business to many people. They probably don't want to be remembered anything related to a "shady business".
What about Microsoft, Steam, Overstock and many others? They clearly don't believe that or care.
Among those companies, Micrsoft surprised me the most by accepting bitcoins. Steam is a geek company just like us, no surprises there
I don't know much about overstock, in fact, i just heard it thanks to you.Yeah those companies don't believe that "shady business" thing which is a good thing for bitcoin. I never denied that. But it is what it is. Many companies still don't like bitcoin.
Dell, Microsoft, Overstock, Steam. I wonder are huge Russian e-commencement sites are accepting BTCs? Non-Russian speaker here. I am unable to find out.
Bitcoin is still a shady business to many people. They probably don't want to be remembered anything related to a "shady business".
What about Microsoft, Steam, Overstock and many others? They clearly don't believe that or care.
Among those companies, Micrsoft surprised me the most by accepting bitcoins. Steam is a geek company just like us, no surprises there
I don't know much about overstock, in fact, i just heard it thanks to you.Yeah those companies don't believe that "shady business" thing which is a good thing for bitcoin. I never denied that. But it is what it is. Many companies still don't like bitcoin.
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