Shopping on OcUK with BTC, anyone done it?
- Thread starter snedie
- Start date
thats fair though isnt it? say you pay for something worth £200 with BTC and it breaks, you would be refunded with £200 worth of BTC
am i missing something?
Associate
Surly if you paid 1 bitcoin, you'd be refunded 1 bitcoin regardless of current value, so the market could have completely crashed
Soldato
You'd be refunded the BTC price, not the GBP one.
Don't think that's how it works. You buy something for 2 bitcoins worth £200. 3 months later it is sent back for a refund and you receive a refund of 2 bitcoins. In the intervening period the rate has tanked and the 2 bitcoins you get back are now worth £100. In effect you have lost £100.
but doing it that way if btc gained loads people will be breaking stuff to get their btc back to re-sell lol?
so you buy something worth £200 with 2 btc, something goes crazy in the world of btc (like it has in the past) and next month your 2 btc could be sold for ~£1200, your going to want to get your btc back arnt you
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Probably pretty difficult to break stuff in a non obvious way.
You could argue that people would purposely break things just before the warranty expires, whatever the payment method.
Soldato
This supposed 'currency' is so volatile I am surprised anyone would want to take it. May as well pay in magic beans.
works very well, if you have a wallet on your phone you just scan the qr code and it's done in seconds. About an hour later you get confirmation it's been confirmed (you should be able to see this progress in your wallet app too).
Returns would be refunded to the bitcoin address you request, we refund gbp as always and the prevailing exchange rate applies - same as if you paid with eur or usd.
Returns would be refunded to the bitcoin address you request, we refund gbp as always and the prevailing exchange rate applies - same as if you paid with eur or usd.
Soldato
Also a replacement or repair is the likely outcome unless you've not had the goods long - you're not entitled to a refund unless you've only had the product a short while (usually 14 or 28 days)
It's instant, fee-free and free from regulations unlike bank transfers, paypal or credit cards which take time and/or cost money in international transactions, and are refused to certain types of businesses and transactions like "adult services".