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A comment on Overstock.com Will Start Taking Bitcoin Next Year. Parent comment

Re:Overstock.com Will Start Taking Bitcoin Next Year by whyenot on Thursday December 19, 2013 @05:47PM (#6938525)
That is certainly possible, but the CEO mentioned 1 1/2 months ago that they were considering this move.

See this NY Times article from 10/31/2013: http://www.nytimes.com/2013/10/31/technology/bitcoin-pursues...

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Re:Overstock.com Will Start Taking Bitcoin Next Year by fragsworth on Thursday December 19, 2013 @06:07PM (#6938644)
What's taking them so long? It's pretty trivial to integrate something like Bitpay or Coinbase for merchant accounts.

Maybe they're negotiating a deal with one of those companies?

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Re:Overstock.com Will Start Taking Bitcoin Next Year by gizmo on Thursday December 19, 2013 @06:14PM (#6938687)
Not so trivial.

* Presumably they need to integrate with their backend systems for reporting, inventory and tax purposes.

* They need to integrate with their customer support system so bitcoin payments are recognized as such.

* They have to update their refund policy and other legal docs to take bitcoin payments into account

It's not just about making the right API call, you know.

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Re:Overstock.com Will Start Taking Bitcoin Next Year by whyenot on Thursday December 19, 2013 @06:13PM (#6938679)
From the Marketwatch article:

The project is in an early stage, with no decision yet on whether Overstock.com OSTK would work with bitcoin companies to allow bitcoin payments or create its own system. A team of six to 12 people is expected to work on bitcoin payments at the company, said Byrne.

http://blogs.marketwatch.com/thetell/2013/12/19/overstock-co...

It doesn't sound like they have quite figured out what they are doing yet.

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