Unexpected Home Search Prompts Purse.io Customer Protection Guarantee
Peer-to-peer bitcoin shopping service Purse.io is now offering a $10,000 customer protection guarantee to cover users against any costs related to purchasing items through its website. Notably, the scheme, which was launched on 7th January, will also be available retrospectively to users who report incidents on any past transactions. Andrew Lee, CEO of the startup said: "Our payment flow relies on two irreversible transactions: bitcoin transfer through escrow and delivery of a physical good. This is one of the reasons why we are able to deliver drastically lower fraud rates than PayPal,....
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A new initiative from bitcoin shopping service Purse, in partnership with Chain and the BitGive Foundation, allows consumers to receive discounts on Amazon purchases and donate to charity at the same time. Called the '1% Initiative', the US-only scheme launched yesterday with the aim of showcasing the benefits of bitcoin both for the consumer and the greater good, while also increasing Purse's customer base. Purse is a platform through which customers can buy products on Amazon using bitcoin. Notably, shoppers receive discounts made possible by other users who pay a premium to buy bitcoin....
Bitcoin startup Purse said today that 10.235 BTC (roughly $2,500) in customer funds were stolen over the weekend during a security incident. Eleven customers had their accounts emptied, according to Purse representatives, who reported they had covered the bitcoins withdrawn with company funds. Claims that funds were stolen first emerged over the weekend, with customers reporting that they had received emails about password resets and withdrawals. Purse.io's website was later taken offline for several hours. The bitcoin-focused e-commerce company said on 11th October that it believed one of....
San Francisco-based platform Purse.io unleashed its Pre service, allowing customers to pre-order some of the latest tech in the world. Thanks to Purse's own Bitcoin escrow service, Bitcoin payment for orders will be locked to the merchant until a customer has received or cancelled his or her order. This aims to decrease the possibility of scams. Customer funds safeguarded. The press release, issued to the event, says: "With Purse Pre, consumers can trust that they will either receive what they pre-ordered or get their money back. Already the world’s largest escrow agent for Bitcoin, a....
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....
Back in November of 2015, Andrew Lee CEO of Purse.io announced its new venture Purse Merchants via Bitcoin.com’s All-Star AMA sessions. The company has just notified us that Purse Merchants is now live and rolling out its services to the public. Now anyone globally can purchase and sell items for bitcoin utilizing secure escrow transactions. Bitcoin.com....