From:
https://purse.io/blog/post/107428330333/our-commitment-to-trust-security"A few weeks ago, the home of a user named vnnkl was searched by authorities as a result of a purchase he made on Purse 6 months ago. Through an internal investigation, we discovered that the counterparty’s activity originated from a hacked computer of another German resident. To vnnkl, we are truly apologetic and have offered to compensate lawyer fees and any other expenses related to the incident."
...
"Fraud Prevention
We incorporated an algorithm that detects suspicious buyers and requests verification before they’re able to make purchases."Yes you are right...some time ago,
www.purse.io changed their whole system and introduced security verifications and level-by-level memberships to protect fraud happening on their systems...
Basically when someone registers Purse.io, he has a $50 USD transaction limit on their Purse.io account and that limit increases once you get dozens of trades under your belt....normally a username reaches a $1000 USD maximum limit on Level 6, that's after 20 successful trades with 20 positive feedbacks...
If you do manage to get a VIP membership, your limits disappear immediately but that comes after lots and lots of successful completed trades with 100% positive feedback..I should also note that you cannot become a VIP member anytime soon, you need to be an old reputable Purse user and submit an application to the Purse management...They will review your application, check your account information etc and either approve it or not....
If you get
ONE negative feedback
not a chargeback you loose your VIP membership on the spot....If you get
ONE chargeback accusation , your username gets banned and information submitted to proper law enforcement authorities...Purse is not kidding, if you plan on doing funny business on Purse you get the boot fairly quickly...I really like how Purse works but I believe that there is room for improvement (like a USD price lock or something by using a service like bitreserve.org)
Here is my Purse VIP account ...I blacked out my name and other order info for privacy reasons..
http://imgur.com/XgFQxk1I stand by what I said....