Overstock.com becomes first major US retailer to accept Bitcoin

Overstock.com (OSTK) had previously announced it would accept Bitcoin in 6 months but has opened the flood gates and will accept it immediately. This makes them the first major US retailer to accept Bitcoin. They've created a dedicated Overstock Bitcoin Page to help users. Bitcoin transactions are irreversible by nature and due to the high fluctuation in value to USD requires some careful navigation for returns and exchanges. Overstock will only do returns for store credit and “Bitcoin transactions will be communicated in US Dollars (USD). The exchange rate provided at time of purchase by our partner Coinbase will be valid for up to 10 minutes. If payment is not completed during that time, you may be provided with a new exchange rate. Bitcoins are only accepted on the domestic (US) version of Overstock.com. Currently they will not be accepted for any orders shipped internationally.” Full help is available on this page.

InvestCorrectly Staff
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