Would u pay in bitcoin? - page 3. | Bitcointalksearch.org

Champ92

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Quote from: cryptofan5 on September 09, 2014, 01:17:07 AM

Bitcoin is not as widely accepted as it could be, so I guess some people would not bother to buy bitcoin just to get a discount. In fact buying bitcoin can kill the discount.

Yes of course. Most people are here for the promise of $1000/BTC. Most of them doesnt even spend their BTC.

SW725

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If there is something that I need to buy and I couldnt pay in cash then I could pay in bitcoin

cryptofan5

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Bitcoin is not as widely accepted as it could be, so I guess some people would not bother to buy bitcoin just to get a discount. In fact buying bitcoin can kill the discount.

STT

legendary

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Cash costs money for a business to process, its possible bitcoin could be more efficient for them though Im not sure thats the case. Its no surprise tech companies are first to trial bitcoin as it garners alot of attention so they can divert some of the advertising budget it can be argued!

Richard Branson didnt have to take bitcoin and Im not sure its an advantage for him really however think of his product in contrast and it totally makes sense. He wants to capture some of that spirit for customers to feel when buying into his project also. Its not finished, its very much a vision he is carrying out and very grand as is the concept of bitcoin and its usage. Neither product is absolutely essential, both are flights of fancy Tongue

botany

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Quote from: Timetwister on September 03, 2014, 05:46:21 AM

Quote from: dadugan on September 02, 2014, 02:03:33 PM

Quote from: bitbinn on September 02, 2014, 12:10:51 PM

i will pay for sure if there is a discount for payment with bitcoin

So far, only newegg and dell offering discount when paying in bitcoin.

The offer is for limited time only.

More stores will start doing the same. 5% discounts are quite viable, when you take into account Paypal/credit cards fees plus the risk of being scammed.

Just trying to play the devil's advocate - Most stores do not offer discounts when you pay with cash. So why would they offer discounts with bitcoins?

Bitzkrieg

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Of course, that is one of the reason that Im here. Cheesy

wasserman99

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Quote from: JerryCurlzzz on September 02, 2014, 02:33:39 PM

Quote from: dadugan on September 02, 2014, 02:03:33 PM

Quote from: bitbinn on September 02, 2014, 12:10:51 PM

i will pay for sure if there is a discount for payment with bitcoin

So far, only newegg and dell offering discount when paying in bitcoin.

The offer is for limited time only.

Gyft offers a discount as well. I think it is something like 3%, though I could be off. But every time I buy a gift card on Gyft, I turn around and use the "points" I just earned to buy another gift card.

This discount on gyft comes out to ~4% after you factor in the points. The companies that gyft buys the gift cards from likely give them a similar discount in exchange for not paying via credit cards as the companies' credit card costs are about this much.

Timetwister

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Quote from: dadugan on September 02, 2014, 02:03:33 PM

Quote from: bitbinn on September 02, 2014, 12:10:51 PM

i will pay for sure if there is a discount for payment with bitcoin

So far, only newegg and dell offering discount when paying in bitcoin.

The offer is for limited time only.

More stores will start doing the same. 5% discounts are quite viable, when you take into account Paypal/credit cards fees plus the risk of being scammed.

JerryCurlzzz

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Quote from: dadugan on September 02, 2014, 02:03:33 PM

Quote from: bitbinn on September 02, 2014, 12:10:51 PM

i will pay for sure if there is a discount for payment with bitcoin

So far, only newegg and dell offering discount when paying in bitcoin.

The offer is for limited time only.

Gyft offers a discount as well. I think it is something like 3%, though I could be off. But every time I buy a gift card on Gyft, I turn around and use the "points" I just earned to buy another gift card.

dadugan

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Quote from: bitbinn on September 02, 2014, 12:10:51 PM

i will pay for sure if there is a discount for payment with bitcoin

So far, only newegg and dell offering discount when paying in bitcoin.

The offer is for limited time only.

JerryCurlzzz

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There's no real reason for me, as a consumer, to buy bitcoin in order to pay with it. It's just too much hassle. However, as someone who bought in 2013, I'm happy to spend here and there.....

bitbinn

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i will pay for sure if there is a discount for payment with bitcoin

Timetwister

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Quote from: bitkilo on May 12, 2014, 08:46:24 AM

My question is if u see something u would like to buy and this item is offered at a lower price if paid using bitcoins, providing that you don't already have a wallet or coins would you take the time to set up a wallet and buy bitcoins just to be able to receive a discount on the item u wish to purchase?
I believed atm most people would not bother and pay full price,
WHY IS THIS SO?

It depends on how much would I save for doing that. And how much time I thought it would take me to do it.

fredthegambler

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Of course. Technically, that is the reason why I am here. Learning and studying bitcoin in my spare time also relaxes me. I love to think this one is going to be big.

Kayex

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Sometimes I feel like BTC isn't good enough right now.
Just by looking at it right now it's going down pretty fast.

KuromaYoichi

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if it's worth it , then yes
if not , i won't bother buy BTC for that item

freedomno1

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Quote from: AnswerQuestion on September 01, 2014, 04:49:09 PM

Quote from: Swordsoffreedom on August 31, 2014, 06:35:26 AM

Quote from: bitkilo on May 12, 2014, 08:46:24 AM

My question is if u see something u would like to buy and this item is offered at a lower price if paid using bitcoins, providing that you don't already have a wallet or coins would you take the time to set up a wallet and buy bitcoins just to be able to receive a discount on the item u wish to purchase?

Interestingly enough Newegg has a promotion for Bitcoin going on right now that is testing that theory out
If you buy an Xbox One using newegg for 399.99 and get 50 dollars off its 349.99 + 20 dollars for shipping and that can't be beat anywhere else as it is a fixed price item.
By the same token if they bought 500 dollars of merchandize they would get to spend another 100 dollars and get 150 dollars off a 500 dollar purchase.
So 350+40 for shipping is = 390 dollars still cheaper than what they would get an Xbox for in the Store + They get a 100 dollar item basically free.

So in my opinion some people would do it if they find something they want, especially if its a fixed price item and they can still save more money and get more stuff than if they went to a Walmart to check it out

.

When you have these levels of savings, anyone that is looking to buy something that is also sold on newegg would be crazy not to take up this offer. You could simply buy more bitcoin on an exchange in the amount that the item retails for and end up with more bitcoin then what you started with.

Market arbitrage is good stuff
If there was more examples of this in the real world especially if online stores make great deals on fixed price items I can see a lot more Bitcoin users and interested people getting into it for the first time.

ivonna

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Quote from: STT on September 01, 2014, 11:39:57 PM

Alot of people would like to reduce the amount of dollars they keep so paying a premium might even be feasible. You could say the same of people who buy gold, why would you do that when the price dropped since 2011 now but they see it as a hedging positive to have in security, not reliant on just dollars to hold value (might even appreciate in value as might btc but unlikely for dollars).
Maybe if I can pay in BTC then my wallet has no dollars in it and I can feel more secure in some ways certainly from physical loss

If they didn't want to hold a lot of dollars then they would accept dollars for a transaction and then use an exchange to convert these dollars into bitcoin. You really cannot assume that the price will work in your favor, as it will not do this all of the time.

STT

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Alot of people would like to reduce the amount of dollars they keep so paying a premium might even be feasible. You could say the same of people who buy gold, why would you do that when the price dropped since 2011 now but they see it as a hedging positive to have in security, not reliant on just dollars to hold value (might even appreciate in value as might btc but unlikely for dollars).
Maybe if I can pay in BTC then my wallet has no dollars in it and I can feel more secure in some ways certainly from physical loss

Quote

buy bitcoins just to be able to receive a discount on the item u wish to purchase?
I believed atm most people would not bother and pay full price,

If its a percentage discount then yes people will do it. This offer is done with credit cards and store cards, apply today and we'll give 10% discount or whatever. I'd do it for bitcoin even I'd not heard of them. Really do need to make applications or setup easy for people to do, btc is still a bit esoteric I think possibly

shockinglyugly

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Quote from: Nicolas Dorier on August 30, 2014, 04:55:21 PM

I would pay at a premium, and be paid at a discount for Bitcoin.

Why would you do this? It would be better economically to use an exchange to first convert to/from fiat. (assuming that the discount is large enough to overcome the costs associated with accepting a fiat based payment).

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