Topic: [ANN] Purse.io - Bitcoin Amazon Marketplace - Save ~10-25% on Amazon Wishlist - page 30. (Read 99232 times)

$(*#&^@$(*^$*&  This just happened to me. I sold two cards on Ebay and one of the buyers informed me Amazon had canceled it. I was skeptical (Ebay is full of scammers who claim this), but upon logging into my own account on Amazon I found they had zeroed out my own gift card balance!!! That included portions of 4 other gift cards, all obtained via Purse (from different buyers at Purse too, so far as I know).

I'm following up with Amazon now in hopes of some kind of resoluton but seeing that others are experiencing this, it doesn't look good. I do have a problem with Amazon canceling gift cards weeks or months after purchase (And note that they didn't even bother with a notification email or anything, they did it on Aug. 27). It's one thing to have an anti-fraud program in place to prevent fraudulent purchases, but then playing games with card funds after the fact winds up catching all kinds of innocent victims like myself and my Ebay buyers instead. (NOTE: I _will_ give refunds to my Ebay buyers if things pan out as I expect - they are innocent like myself and shouldn't be caught in this crap Amazon is dishing out. I'll just take the hit myself I guess. But Amazon is going to get an earful. If they'd just accept BTC this wouldn't be happening.)

Shame on Purse for not being more pro-active about this situation. What's especially damning is one of the Purse operators gave me a cryptic warning not to buy gift cards on their site a while back, but when I pressed them for an explanation they didn't divulge this problem. Nor have they posted about the issue on their site.  Looks like I'm going to be out ~$1000. If it looks too good to be true....

I agree. I hope that purse.io takes steps not only to protect against this type of abuse in the future, but getting BTC back for people scammed this way.

Possibly not with a single item. I'm thinking more along the lines of if you were trading in multiple BTC and ran into cases where people were doing this more widespread (or a single person with multiple accounts). Essentially you'd the the one all the stolen funds are being tracked to. One purchase they may seem as being a coincidence. 5 would raise a lot of suspicions.

I'm no expert but I can almost guarantee you they're not gonna come to your house and take the item back. They won't come after you legally either, unless there's evidence that you are the same person that bought the item fraudulently. Most likely they'd just ban the purchasing account and make some minor efforts to get their money back. Probably depends on the size of the purchase too.

It really sucks that there are so many scammers out there. I can't even understand the mentality that makes people think stealing is a cool thing to do.

I'm wondering what happens if there's an order sent to your house (not a gift card) and it turns out to be fraudulently purchased as well.

WARNING: AVOID AMAZON GIFT CARDS on PURSE.IO


If the "BUYER" uses fraudulant means to pay for your gift card, and Amazon processes the claim, they can and will cancel your gift card WELL after you've released escrow. They will remove the credit from your account, and if you have no gift-card balance, they will charge your credit-card on file. At this time (August 2014) Purse.io has no protection against this type of event, and no remedy in place to return your coin.





I'm a long-time purse.io user, love them, have had only good interactions on their site, till now. I notified purse.io, hoping they'd at least investigate, find the user, remove any coin from their account, let me know they'd banned them, etc.. But their response? Sounds like a great big bag of "not our problem"...



I will continue to use purse.io (just used them again this morning, in fact) but this is a problem that users need to be aware of, and that purse.io needs to find a way to address. Until they do, they should ban all gift cards, they're too easy to exploit.

Yes you can actually

Nope, but there is a service that accepts BTC for amazon orders: all4btc.com or so ~

Can I use it in Germany:  amazon.de?

Got my order taken. I'm ready for it to come!

Also, I've spent a lot of hours with their support team. They've been nothing but helpful. So thanks guys!

Did an order an order similar to my above post. Even with a 15% discount. It had me escrow $86 worth of btc for a $75 item.

Hopefully I don't get charged that in the long run.

First order, and hoping it goes well!

EDIT: Is this thread alive?
EDIT 2: Just realized they have a "guarantee" that orders will be placed in 24 hours if you mark it at 10% or less. Pretty sweet. Did this about 5 minutes ago. So we'll see how it goes.
EDIT 3: Really hoping it doesn't charge me for this shipping and tax, ugh.
EDIT 4. If it doesn't charge me for the shipping / tax. I'm in for a couple more of these orders!

Staples Gift Card - $75
Estimated Tax      $5.62
Subtotal      $80.62
DiscountChange%    $8.06
Fee 1%   $0.81   
Final price      $73.36   

Tax? There's no tax on checkout for me.

Does this mean it will just get issued back when the buyer doesn't pay it?

Thanks.

I tried selling bitcoins on the site.

Only 1 out of 10 transactions actually worked out. People click "purchase" and then click "completed purchase" even though they have not actually bought the items in your wishlist. Purse then holds your bitcoins in escrow for a few days and then finally releases them. Dont know what purse can do to stop such abuse. As of now its really kinda failed IMHO. Good concept but its broken at the moment.

edit: I like on their site how it says "In the unlikely event of disputes occurring between Buyers and Spenders" .... in my experience - 9 out of 10 transactions had people claiming they had made a purchase but did not actually do it. Easy enough to resolve but this is happening all too often..

I've gotten a nice amount of BTC at a decent rate on this site.
I've even seen people snag deals where the seller listed a $25 item for .09 BTC. Hopefully I can snag one of these someday .

I was an early member of purse.io and I was both a buyer and seller. I had no problems being either and all transactions were smooth. When there was a shipping delay the other party was quick to inform me and I did the same on the products I ordered for people. I have not used purse.io in the last month so I can not comment on it more recently.

so far the cops havent shown up at my door. I think it's pretty hard to card amazon, isn't it?

thanks! anyone buying products on amazon via purse.io wish to share their experiences?

I have made 3 transactions so far buying btc (smaller amounts) and have had no issues.

so this is legit? i wanted to make like a 1000$ + purchase, is it safe?

So here my review I bought .06 btc waiting for confirmation from seller to release coins. Only drawback I see are the insane prices. I payed 43$ for .06 btc 3 days ago. lol You not gnna get any deal here below 730$

Cheers!