Review: Is Purse's Discount Really Worth the Hassle?
Name: Purse. What it is: A peer-to-peer marketplace that matches individuals wanting to buy items on Amazon at a discount with others wanting to buy bitcoin with a credit card or via PayPal. The service claims discounts of up to 20% for bitcoin shoppers. Who's behind it: CEO and co-founder Andrew Lee, previously an advisor for BuyBitcoin.ph and co-founder at Superior Payments Processing LLC, and co-founder and CTO Kent Liu, formerly an engineer at IBM and Northrop Grumman Aerospace Systems. (See the full team here.) Roger Ver and BTC China's Bobby Lee (also an adviser) are both investors....
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For Bitcoiners, Purse.io seems to be one of the best options for spending Bitcoin for goods, as Amazon carries almost anything you would want to buy. In addition to the ability to spend Bitcoin on Amazon products, Purse.io allows you to choose a discount rate between 1-50%. However, since Purse acts as an escrow service, it is extremely unlikely that you will be able to get a 50% discount on anything. In past transactions with Purse, I’ve gotten up to a 35% discount on items that were less than $10, 30% off of items that were less than $30, and 25% off of anything higher than that. In....
On this episode of the official Bitcoin.com podcast, our host Zach Doty sits down with Kent Liu of Purse.io, a service that lets users spend bitcoin on Amazon purchases with discounts. During the show, Liu explains how Purse.io works, and how much users can expect to save by using the service to shop on Amazon with bitcoin. Liu says that the Purse team....
To put this into perspective, Amazon discounts can range anywhere from 10% to 22%. A smaller discount will usually see orders filled a lot quicker, though. India remains a hotbed for Bitcoin activity in recent years A new partnership between Purse and Unocoin will allow residents to shop on Amazon at a discount. With cryptocurrency usage in India expanding rapidly, it makes sense for companies to explore the market. Purse wants to improve the local online shopping experience, and offer Bitcoin users appealing discounts at the same time. Amazon is quickly becoming the fan favorite among....
Following recent coverage of a potential exploit on services that rely on Amazon Wishlist for order fulfillment, Purse.io, a Bitcoin service that allows users to "buy" goods on Amazon using Bitcoin at a heavily discounted price, has clarified that this particular scam has long been dealt with for Purse users. Through the use of a proprietary order tracking system, Purse.io isn't dependent on Amazon Wishlist, which Amazon admits has known errors that lead to scams. Purse.io has several times the Amazon trading action as Brawker; as such, they have the data to construct reliable fraud....
What we do at Purse is enable our customers to use Bitcoin on the world's largest online merchant, Amazon. You can spend your BTC for any item on Amazon and receive 20% off. You can also use Purse to purchase BTC with a Credit Card or Amazon Gift Cards, Win, Win, Win. There are many new and exciting things that are happening at Purse. We have heard over and over about how the Bitcoin ecosystem needs more design and better UI. Well, we listened and we will be rolling out a new wonderfully designed website just in time for the holidays. This site integrates a simple buy / sell process with....