Purse.io is shutting down - page 4. | Bitcointalksearch.org

gentlemand

legendary

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Welt Am Draht

Quote from: Csmiami on April 16, 2020, 05:32:53 PM

even if you could buy things with a "discount", someone had to pay for that discount, and it was crazy that people buying had to pay up to 40% on market price, it made no sense.

The people paying for the discount were those who wanted rid of Amazon gift card balances. I seem to remember reading people get paid in them quite often. It seems like a painless way to get BTC if you don't have many or any other options. I guess the most obvious alternative is buying something on Amazon and selling it on Ebay but that could easily wind up losing you more.

Csmiami

copper member

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I'm sometimes known as "miniadmin"

Quote from: gentlemand on April 16, 2020, 05:14:18 PM

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My guess always was that they charged a small percentage to the person placing the order. Anyway, I'm not really surprised people stopped using it; even if you could buy things with a "discount", someone had to pay for that discount, and it was crazy that people buying had to pay up to 40% on market price, it made no sense.

gentlemand

legendary

Activity: 2604

Merit: 3056

Welt Am Draht

Where did they make their actual money? I could never be bothered to figure out how they worked and it was never completely clear how/if it worked for non Americans.

The obvious one is no one spending with the price down. I wonder whether there was anything AML ish too.

odolvlobo

legendary

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Purse.io is shutting down. They haven't given a reason yet. This is bad for Bitcoin.

https://twitter.com/PurseIO/status/1250876045693157377
https://support.purse.io/en/articles/3851246-closing-down

Update: Well, the situation seems to have changed ... https://support.purse.io/en/articles/3851246-purse-is-saying-goodbye

Topic: Purse.io is shutting down - page 4. (Read 993 times)