Buying with bitcoin at the biggest online retailer Amazon is not as simple a process as it could be. As the e-commerce platform has still been hesitating to directly support cryptocurrency payments, customers have to use either various gift coupons or service like purse.io which serves mainly US customers. Now buyers also have the possibility to spend their bitcoins at the german branch Amazon.de.
The austrian start-up company Coinimal says their service is fast and low-cost. There are no fees charged when buying vouchers. “We can achieve this efficiency thanks to a direct partnership with Amazon.de,” says Co-CEO Paul Klanschek. “Because this initiative is 100 percent in direct cooperation with Amazon.de, these are original vouchers and there are no additional charges at all.”
He confirms for Cointelegraph:
“The service is offered at the market price of bitcoin. So if you want to exchange €100 worth of bitcoin to Amazon.de vouchers, you get €100 worth of vouchers. Thus the total percentage fee is 0%, no exchange rate fee and no service fee.”
With only an email address customers can purchase up to €5,000 of Amazon.de vouchers per day, which they can then spend themselves or send on to friends or family. There is a €25 minimum order, however, because Coinimal works directly with Amazon, any denomination can be purchased. Vouchers can be used to pay for part or all of a purchase, and once redeemed the unspent balance of a voucher remains as a credit on their Amazon.de account for next time.
Coinimal may find its niche market here as it seems there's no serious competitor at the moment. “Purse is proud to serve all international amazon sites except Amazon.de. We are excited to see that the new offering from Coinimal will serve Germany and help spread the word about bitcoin. We are in favor of anything that makes bitcoin more useful,” Thomas Hunt, a community manager at purse.io comments for Cointelegraph.com.
There are also payment services like All4btc.com enabling buying at big e-commerce sites with digital currency, though fees are pretty high compared to Coinimal.
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