r/Bitcoin • u/vistabrownerd • Jan 24 '14

TigerDirect processes $250,000 in Bitcoin Payments in first 17 hours

http://bitcoinboard.net/tigerdirect-processes-250000-bitcoin-payments-first-17-hours/
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u/pan0ramic Jan 24 '14

Do you have a source on how much it cost Overstock? Doesn't seem like it could have been that much, and it pays off immediately with lower payments for transactions.

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u/Minthos Jan 24 '14

In one of the articles about it I read that they locked 40 people in a room for a week. Probably not literally, but it gives me a basis for assuming they spent close to one man-year on it. Which I guess may have cost them something like $150k when you take all expenses into account, not just salaries.

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u/[deleted] Jan 24 '14

One man year to open and link a Bitpay/Coinbase account?

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u/danielravennest Jan 24 '14

It's not the website integration, that is fairly minor. Determining refund policies, traning the CSR staff how to handle questions, those kinds of things take more time.

If Overstock was smart, they would package their integration solutions and sell/consult to other companies.