Who Accepts Bitcoin and What Can You Buy With It? - TheStreet

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We work for a Major Retailer, here's the problem we have with accepting bitcoin, maybe reddit can help us explain a solution to our bosses

Like noted above, I work in the finance function for a major US retailer and am a BTC supporter and owner. A few of us at work have been talking to folks at our organization about what impact accepting BTC could have to our company and how we'd implement such a change. One big issue that keeps coming up is processing merchandise returns.
For example, let's say you buy 1BTC worth of merchandise (think major appliance or something durable, like a refrigerator) when the spot price of BTC is $1000, then our company comes out to install it and all of the sudden it doesn't fit in your kitchen or you as the consumer decide to return it, but today the price of BTC is $900, or $1100. (In the event it's $1100, the customer may return the product for no other reason than they want to get their BTC back because it's worth 10% more, there's a moral hazard there, especially with special orders that take time to process. We'd have no way to prove this was the customer's motivation, the customer is always right.)
If we use BitPay, we get the cash value instantly (which is great, but when they come to return the merchandise, we won't have BTC in an account to give back to a customer so we'll have to purchase BTC at the market rate, which creates additional risk for us. Additional risk is not something that most companies really want to incur at the moment.
So Reddit, we're asking, how can we process returns of merchandise in a way that meets customer needs without creating additional risk for our organization. Without this solution, we'd have to hold off on accepting until the market price stabilizes for some time, which could be a long time, or never (as it's deflationary by nature). This is our biggest hurdle to adoption.
Side note, our security folks love the idea of not having to keep customer payment information for PCI compliance, etc, when processing BTC, so that's an advantage. Think about Target (one of our competitors) and the CC issues recently. These issues are significantly reduced in a BTC world.
Edit: So far most everyone is suggesting we just process returns in $US, which is fine, except that really proves that BTC is not a currency, but a payment method. Either way, that's not a solution, because our bosses will just say to let people get cash for their BTC on exchanges and use that at our stores.
2nd Edit: We have many international operations and have currency hedges to protect us from fluxuations in exchange rates. If this were an option for BTC, we'd be closer to adoption.
3rd Edit: ccyff has suggested giving the costumer an option to purchase BTC price protection which locked the BTC returning price and the price protection cost should be kept in BTC. This seems like a legit option that would allow the customer to protect themselves from $ fluxuations and us as the retailer to be protected against people using us as a de-facto exchange. Seems like a legit idea for discussion.
Final edit: A lot of people think this is a troll post. Alas, it is not, but I have no way to prove that without breaking the confidentiality of my organization. My responses were meant to incite discussion to see if there were any real solutions to our questions and concerns, some of the responses were great, some entertaining, and others, not so much. Anyway, it was appreciated, and we'll monitor the responses over the next few days while we prep our presentation for our superiors.
submitted by BTCRetailerthrowaway to Bitcoin [link] [comments]

Bitcoin mentioned around Reddit: Nano Accepted ‼️ Bitcoin Beanie here to keep your head’s warm this winter. Thank you for the support. Link below 👇🏻 /r/nanocurrency

Bitcoin mentioned around Reddit: Nano Accepted ‼️ Bitcoin Beanie here to keep your head’s warm this winter. Thank you for the support. Link below 👇🏻 /nanocurrency submitted by SimilarAdvantage to BitcoinAll [link] [comments]

Bitcoin mentioned around Reddit: Nano Accepted ‼️ Bitcoin Beanie here to keep your head’s warm this winter. Thank you for the support. Link below 👇🏻 /r/nanocurrency

Bitcoin mentioned around Reddit: Nano Accepted ‼️ Bitcoin Beanie here to keep your head’s warm this winter. Thank you for the support. Link below 👇🏻 /nanocurrency submitted by cryptoanalyticabot to cryptoall [link] [comments]

06-28 09:55 - 'Agree, but it is not acceptable to have critical discussions here. Reddit in general fosters group think to the lowest common denominator. Go against the larger narrative and you’ll get down voted or banned. / Bitcointalk...' by /u/localether removed from /r/Bitcoin within 272-282min

'''
Agree, but it is not acceptable to have critical discussions here. Reddit in general fosters group think to the lowest common denominator. Go against the larger narrative and you’ll get down voted or banned.
Bitcointalk is a much better forum for open discussion.
'''
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Author: localether
submitted by removalbot to removalbot [link] [comments]

Bitcoin mentioned around Reddit: I took a trip with some friends to a sleepy rural town in Japan, hours outside of Tokyo. We entered a cafe and were surprised to see that they accepted bitcoin. Here is my friend buying a chocolate ca /r/japancirclejerk

Bitcoin mentioned around Reddit: I took a trip with some friends to a sleepy rural town in Japan, hours outside of Tokyo. We entered a cafe and were surprised to see that they accepted bitcoin. Here is my friend buying a chocolate ca /japancirclejerk submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

Bitcoin mentioned around Reddit: Made a Crypto Mug. It features 230 coins. 12.99$ Worldwide delivery. Bitcoin, Lightning Network and 45 altcoins accepted here. ⚡😍 /r/u_CardCollector1

Bitcoin mentioned around Reddit: Made a Crypto Mug. It features 230 coins. 12.99$ Worldwide delivery. Bitcoin, Lightning Network and 45 altcoins accepted here. ⚡😍 /u_CardCollector1 submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

12-29 02:22 - 'New "Bitcoin Accepted Here" Tee! Bitcoin payment available! Use code "REDDIT" for 15% off your order.' (crypt-tees.com) by /u/d3lta1090 removed from /r/Bitcoin within 240-250min

New "Bitcoin Accepted Here" Tee! Bitcoin payment available! Use code "REDDIT" for 15% off your order.
Go1dfish undelete link
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Author: d3lta1090
submitted by removalbot to removalbot [link] [comments]

New "Bitcoin Accepted Here" Tee! Bitcoin payment available! Use code "REDDIT" for 15% off your order.

New submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin mentioned around Reddit: Fresh Kratom ground from the latest Harvest! Custom Orders & Bitcoin accepted here /r/Kratom_Vendors

Bitcoin mentioned around Reddit: Fresh Kratom ground from the latest Harvest! Custom Orders & Bitcoin accepted here /Kratom_Vendors submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin mentioned around Reddit: Bitcoin accepted here: The tiny family restaurant in India that’s embraced virtual currency /r/india

Bitcoin mentioned around Reddit: Bitcoin accepted here: The tiny family restaurant in India that’s embraced virtual currency /india submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Are you a merchant that just stumbled upon this sub-reddit r/bitcoin and need to find a Bitcoin processor so you take 0$ risk accepting bitcoins and start receiving the benefits of bitcoin acceptance? (Click Here)

submitted by mstevenson10009 to Bitcoin [link] [comments]

Bitcoin mentioned around Reddit: Does anyone here accept Bitcoin? /r/Etsy

Bitcoin mentioned around Reddit: Does anyone here accept Bitcoin? /Etsy submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin mentioned around Reddit: Anyone know of car dealerships accepting bitcoin around here? /r/Austin

Bitcoin mentioned around Reddit: Anyone know of car dealerships accepting bitcoin around here? /Austin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin mentioned around Reddit: Here's a nice long list of companies that accept bitcoin. Take a minute to reach out and tell them about Verge! /r/vergecurrency

Bitcoin mentioned around Reddit: Here's a nice long list of companies that accept bitcoin. Take a minute to reach out and tell them about Verge! /vergecurrency submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin mentioned around Reddit: Hemp Barn only accepting Bitcoin? What's going on here? /r/CBD

Bitcoin mentioned around Reddit: Hemp Barn only accepting Bitcoin? What's going on here? /CBD submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Would it be OK to sell my remaining e-cigarettes and accessories inventory here on reddit accepting bitcoin as payment?

I would like to sell my remaining stock of e-cig hardware and accessories. I was selling on e-bay and have reached a powerseller rating with 100% positive feedback. E-bay suspended my account as they claim I violated their tobacco policy. This was very interesting as there were many other vendors selling the exact same thing I was selling but they were allowed to continue doing business. Long and short the only difference between me and them is they had an e-bay store.
I would like to sell my remaining inventory here accepting bitcoin as payment. I have the ego-1100 kits and some wickless CE5 clearomizers. I can post pictures etc., but wanted to make sure it was OK to do so first.
You can verify my e-bay reputation my e-bay ID is sunrisevapesllc
Thank you for your consideration.
submitted by memdump20 to Bitcoin [link] [comments]

Bitcoin mentioned around Reddit: Since Steam accepts Bitcoin now, here is some clever way of earning them in game ;) /r/tf2

Bitcoin mentioned around Reddit: Since Steam accepts Bitcoin now, here is some clever way of earning them in game ;) /tf2 submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin mentioned around Reddit: Since Steam accepts Bitcoin now, here is some clever way of earning them in games ;) /r/Steam

Bitcoin mentioned around Reddit: Since Steam accepts Bitcoin now, here is some clever way of earning them in games ;) /Steam submitted by BitcoinAllBot to BitcoinAll [link] [comments]

[#975|+146|40] My son told me to come here and announce that our jewerly store now officially accepts Bitcoin! If you tell us your favourite pieces we'll create a permanent 'Reddit Collection' on our site. We look forward to reading your product reviews... [/r/Bitcoin]

submitted by FrontpageWatch to longtail [link] [comments]

My son told me to come here and announce that our jewerly store now officially accepts Bitcoin! If you tell us your favourite pieces we'll create a permanent 'Reddit Collection' on our site. We look forward to reading your product reviews...

My son told me to come here and announce that our jewerly store now officially accepts Bitcoin! If you tell us your favourite pieces we'll create a permanent 'Reddit Collection' on our site. We look forward to reading your product reviews... submitted by Removal_Rover to ModerationLog [link] [comments]

[#3 Score:126 Comments:24] - My son told me to come here and announce that our jewerly store now officially accepts Bitcoin! If you tell us your favourite pieces we'll create a permanent 'Reddit Collection' on our site. We look forward to reading your product reviews...

submitted by Removal_Rover to remove [link] [comments]

Ladies and gentlemen it is finally here, reddit.com accept bitcoin! - Bitcoin Forum - The Unofficial Bitcoin Forum

submitted by bitcoinforum to Bitcoinforum [link] [comments]

Time Traveller's Prediction for Bitcoin Price 2019 Bitcoin Going PARABOLIC!!! Whales Moving MILLIONS of $BTC! Straight to $20,000?! BITCOIN: PUMPED 2,700% Last Time THIS Happened!! BIG MONEY COMING [But There’s a Catch!] Bitcoin Cash, Alert: Mining Difficulty, Block Halving ... One Dollar or One Bitcoin  Americans Asked What They Would Accept (2nd Ed.)

Get an ad-free experience with special benefits, and directly support Reddit. get reddit premium. u/technedigitus follow unfollow. created by technedigitus a community for 2 years. discussions in u/technedigitus < > X. 1 . Bitcoin Accepted Here - Pagamento Voluntário. 1 . Vídeo: 6 Dicas para Turbinar a sua Privacidade Online (30 minutos) 1 . used to use coinbase but for some reason theres some issue with my account and support are being useless, tried a few apps/sites, blockchain.com, crypto.com, blockchain isnt too bad but crypto fees are dumb ata set rate of 0.0003. tried searching but couldnt find any recent posts. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. Snazzy design, friendly tutorials, bitcoin, and monero are accepted.” Photo via: Dark.fail. After that Dark.fail mentioned Monopoly Market, and said that the operation is dedicated to “quality ... But in 2018, as the price of bitcoin collapsed from $19,000 to $5,000 Expedia, Reddit and a flurry of other companies stopped accepting the cryptocurrency, citing lack of interest due to price ...

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Time Traveller's Prediction for Bitcoin Price 2019

Mycelium Gear is an open-source little widget that you can put on your website to make accepting Bitcoin easy, organized, private, and totally free. Enjoy th... Like the Bitcoin Moon Tee?! Check Out Our Merchandise Here https://www.capitalcreators.io/new-products Join Our Community For Free, Get Involved In the Conve... One Dollar Or One Bitcoin? On the second edition of bitcoin street interviews I visited Denver, Colorado where I asked random pedestrians what they would rather accept? Do you have a preference in ... Back in 2013, an anonymous figure posted on the r/Bitcoin subreddit claiming to be a time traveller from the year 2025. He made a series of predictions for the price of Bitcoin in future years ... Coinbase: https://goo.gl/m9Awi8 $10 free when you buy more than $100 of bitcoin I accept BAT Brave Browser Tips if anyone has that, its just pretty cool, let me know if you do tip!

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