Purse’s $10,000 Spender Guarantee
For ultimate peace of mind, we protect your purchases. Every single purchase.
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.
In the past year, we successfully transacted over 10,000 items, and 4 transactions went awry. 3 transactions involved gift card reversals which we promptly refunded. In this case, a refund alone did not suffice.
We want to make this right, and on January 7, we will implement a $10,000 Purse Guarantee protecting users from any costs related to purchasing items through our website. We will extend this program to vnnkl or any other use who happens to report an incident for past purchases.
In addition, we are doubling down on support.
4x Customer Support Team
We doubled our Customer Support team in December, and we will be doubling again by March.
Contact the CEO
If you can’t get a hold of anyone or want to contact the CEO, email
[email protected].
We also added several safety-related features to strengthen trust and confidence in our community.
Purse Guarantee
Starting January 7th, when a spender purchases items from Purse, their purchases will be covered for any damages or costs resulting form the purchase up to $10,000 with our Purse Guarantee. This program will apply retroactively to any spenders who may report any damages related to Purse.
Limits & Verification
In our Black Friday release, we introduced a gamification engine that limits new and unverified buyers. Buyers can improve limits with successful transactions, social verification, and phone verification.
Fraud Prevention
We incorporated an algorithm that detects suspicious buyers and requests verification before they’re able to make purchases.
Customized Trust Settings
In the near future, we’ll incorporate features to allow spenders to limit buyers based on their levels.
This is good to know, I use Purse for many online purchases usually getting at least 20% discount. I've been satisfied so far.