Video: How to Save 30% off Amazon -- Complete Step-by-Step Guide

[LiteCoinGuy]

How to Save 30% off Amazon -- Complete Step-by-Step Guide

https://www.youtube.com/watch?v=BmeUL3XOaxs

[Amph]

good video , i wonder if saving 30% on something with a much bigger price would be possible, right now it was is for me to save already 25% and 30% on something small like 20-30 euro

on going to try 50% also, on small thing first

[newIndia]

How to Save 30% off Amazon -- Complete Step-by-Step Guide

https://www.youtube.com/watch?v=BmeUL3XOaxs

I have a few Qs here...

i. Does Purse.io work without Coinbase?

ii. Can I use Purse.io on Amazon.in?

iii. Which rate Purse.io uses for BTC to FIAT coversion? Coinbase rate or their own rate?

[doa]

This is pretty cool, didn't know such a site existed. What has been your experience in speed of order fulfillment and amount of discount?

[achow101]

i. Does Purse.io work without Coinbase?

ii. Can I use Purse.io on Amazon.in?

Yes and yes

iii. Which rate Purse.io uses for BTC to FIAT coversion? Coinbase rate or their own rate?

The rate is essentially determined by the bitcoin seller. It is what determines the discount.

[Jimmy Wales]

iii. Which rate Purse.io uses for BTC to FIAT coversion? Coinbase rate or their own rate?

The rate is essentially determined by the bitcoin seller. It is what determines the discount.

Bitcoin seller determined the rate! How come? Bitcoin seller is the Amazon buyer in this case. And if it is bitcoin buyer you mean, then wont he intentionally offer a low rate, which will eat the discount advantage? I thought, purse.io uses some standardized rate, e.g. CoinBase/Bitstamp etc.

[achow101]

iii. Which rate Purse.io uses for BTC to FIAT coversion? Coinbase rate or their own rate?

The rate is essentially determined by the bitcoin seller. It is what determines the discount.

Bitcoin seller determined the rate! How come? Bitcoin seller is the Amazon buyer in this case. And if it is bitcoin buyer you mean, then wont he intentionally offer a low rate, which will eat the discount advantage? I thought, purse.io uses some standardized rate, e.g. CoinBase/Bitstamp etc.

The person selling the Bitcoin (meaning buying goods from amazon) sets the rate that he wants to sell his Bitcoin at. Purse.io sets a minimum that he can set that rate to and that minimum is usually that market rate. By setting the selling price higher, he is giving himself a discount on the goods. The buyer cannot do anything about it. He can only choose who to buy Bitcoin from and choose a person selling at a lower rate. The Bitcoin seller is incentivised to not set a super high discount (high bitcoin price) for himself because then no one will take his offer and he won't get what he wants.

[notlist3d]

iii. Which rate Purse.io uses for BTC to FIAT coversion? Coinbase rate or their own rate?

The rate is essentially determined by the bitcoin seller. It is what determines the discount.

Bitcoin seller determined the rate! How come? Bitcoin seller is the Amazon buyer in this case. And if it is bitcoin buyer you mean, then wont he intentionally offer a low rate, which will eat the discount advantage? I thought, purse.io uses some standardized rate, e.g. CoinBase/Bitstamp etc.

The person selling the Bitcoin (meaning buying goods from amazon) sets the rate that he wants to sell his Bitcoin at. Purse.io sets a minimum that he can set that rate to and that minimum is usually that market rate. By setting the selling price higher, he is giving himself a discount on the goods. The buyer cannot do anything about it. He can only choose who to buy Bitcoin from and choose a person selling at a lower rate. The Bitcoin seller is incentivised to not set a super high discount (high bitcoin price) for himself because then no one will take his offer and he won't get what he wants.

Intersting I had not heard of this.  I always love learning something new.  My big question is there any possibility of getting mixed up with carding or any other bad things with this?

I just am having trouble seeing why someone would buy a amazon order for 20 percent higher then what bitcoin is worth.  So makes me worried they are using carded account to buy and ship to you or other not so good means.

[achow101]

iii. Which rate Purse.io uses for BTC to FIAT coversion? Coinbase rate or their own rate?

The rate is essentially determined by the bitcoin seller. It is what determines the discount.

Bitcoin seller determined the rate! How come? Bitcoin seller is the Amazon buyer in this case. And if it is bitcoin buyer you mean, then wont he intentionally offer a low rate, which will eat the discount advantage? I thought, purse.io uses some standardized rate, e.g. CoinBase/Bitstamp etc.

The person selling the Bitcoin (meaning buying goods from amazon) sets the rate that he wants to sell his Bitcoin at. Purse.io sets a minimum that he can set that rate to and that minimum is usually that market rate. By setting the selling price higher, he is giving himself a discount on the goods. The buyer cannot do anything about it. He can only choose who to buy Bitcoin from and choose a person selling at a lower rate. The Bitcoin seller is incentivised to not set a super high discount (high bitcoin price) for himself because then no one will take his offer and he won't get what he wants.

Intersting I had not heard of this.  I always love learning something new.  My big question is there any possibility of getting mixed up with carding or any other bad things with this?

I just am having trouble seeing why someone would buy a amazon order for 20 percent higher then what bitcoin is worth.  So makes me worried they are using carded account to buy and ship to you or other not so good means.

There definitely is a lot of carding and credit card fraud on purse.

But there are also people who are willing to paying premiums for Bitcoin. Especially with a credit card which a lot of exchanges don't accept. With purse they don't have to verify or give out personal information or their bank account which I am sure that a lot of noncarders don't want to give out.

[VirosaGITS]

iii. Which rate Purse.io uses for BTC to FIAT coversion? Coinbase rate or their own rate?

The rate is essentially determined by the bitcoin seller. It is what determines the discount.

Bitcoin seller determined the rate! How come? Bitcoin seller is the Amazon buyer in this case. And if it is bitcoin buyer you mean, then wont he intentionally offer a low rate, which will eat the discount advantage? I thought, purse.io uses some standardized rate, e.g. CoinBase/Bitstamp etc.

The person selling the Bitcoin (meaning buying goods from amazon) sets the rate that he wants to sell his Bitcoin at. Purse.io sets a minimum that he can set that rate to and that minimum is usually that market rate. By setting the selling price higher, he is giving himself a discount on the goods. The buyer cannot do anything about it. He can only choose who to buy Bitcoin from and choose a person selling at a lower rate. The Bitcoin seller is incentivised to not set a super high discount (high bitcoin price) for himself because then no one will take his offer and he won't get what he wants.

Intersting I had not heard of this.  I always love learning something new.  My big question is there any possibility of getting mixed up with carding or any other bad things with this?

I just am having trouble seeing why someone would buy a amazon order for 20 percent higher then what bitcoin is worth.  So makes me worried they are using carded account to buy and ship to you or other not so good means.

There definitely is a lot of carding and credit card fraud on purse.

But there are also people who are willing to paying premiums for Bitcoin. Especially with a credit card which a lot of exchanges don't accept. With purse they don't have to verify or give out personal information or their bank account which I am sure that a lot of noncarders don't want to give out.

So what happen if the order that is getting shipped to you was done with a gift card purchased fraudulently?

[achow101]

So what happen if the order that is getting shipped to you was done with a gift card purchased fraudulently?

AFAIK nothing happens to you if you receive the goods. Since it is someone else that is fulfilling the wishlist that you created, then you nothing bad will happen to you if the order arrives. If it does not, purse.io uses escrow. When you want to buy something, IIRC bitcoin is taken from your balance and locked in escrow. Then you wait for someone to buy the stuff and wait for it to arrive. If it doesn't, then you can open up a dispute and you will get your Bitcoin back.

[VirosaGITS]

So what happen if the order that is getting shipped to you was done with a gift card purchased fraudulently?

AFAIK nothing happens to you if you receive the goods. Since it is someone else that is fulfilling the wishlist that you created, then you nothing bad will happen to you if the order arrives. If it does not, purse.io uses escrow. When you want to buy something, IIRC bitcoin is taken from your balance and locked in escrow. Then you wait for someone to buy the stuff and wait for it to arrive. If it doesn't, then you can open up a dispute and you will get your Bitcoin back.

Sound good, i'll have to give it a try. I've just had some issues finding good prices on amazon for items i'd want to use this on anyways. Like computer components are often 30-50% higher than at other only retailers.

[rajat08]

Can this work with COD with amazon.in?? BTW nice tutorial and detailed.

[notlist3d]

So what happen if the order that is getting shipped to you was done with a gift card purchased fraudulently?

AFAIK nothing happens to you if you receive the goods. Since it is someone else that is fulfilling the wishlist that you created, then you nothing bad will happen to you if the order arrives. If it does not, purse.io uses escrow. When you want to buy something, IIRC bitcoin is taken from your balance and locked in escrow. Then you wait for someone to buy the stuff and wait for it to arrive. If it doesn't, then you can open up a dispute and you will get your Bitcoin back.

Are  you sure on this?  It seems if an address receives a bunch of carded merchandise even if through wishlist they would look into it.    I guess the carding aspect scares me on it.

But to  those who are braver sounds like a great deal if getting 20 percent off amazon.

[achow101]

Are  you sure on this?  It seems if an address receives a bunch of carded merchandise even if through wishlist they would look into it.    I guess the carding aspect scares me on it.

They do look into it I suppose, but with physical goods, the time to prepare and ship those products is usually enough time for their fraud detection stuff to catch carders so much of the stuff you buy won't actually be carded. Although if you are scared of carders purse has an instant option which gives you only a 5% discount. This I believe is actually paid for by purse so they won't be using stolen credit cards.

Also, I think that purse will cover you if you do happen to be under investigation for supposedly carding stuff. They will pay up to $10,000 for any unexpected costs like legal fees if you happen to be taken to court over buying stuff on purse because the goods were carded.

[notlist3d]

Are  you sure on this?  It seems if an address receives a bunch of carded merchandise even if through wishlist they would look into it.    I guess the carding aspect scares me on it.

They do look into it I suppose, but with physical goods, the time to prepare and ship those products is usually enough time for their fraud detection stuff to catch carders so much of the stuff you buy won't actually be carded. Although if you are scared of carders purse has an instant option which gives you only a 5% discount. This I believe is actually paid for by purse so they won't be using stolen credit cards.

Also, I think that purse will cover you if you do happen to be under investigation for supposedly carding stuff. They will pay up to $10,000 for any unexpected costs like legal fees if you happen to be taken to court over buying stuff on purse because the goods were carded.

My fear of it is they see X address is getting a lot of carded merchandise.   It seems like eventually amazon would not ship to address.  They track a lot of things and I'm sure amount of carded merchandise is on there.

I just can't wrap head around why anyone would pay 20 percent over BTC value through this unless it was carded.  They could go to LBC for less then 20 percent over I would think on buying BTC.

[achow101]

Are  you sure on this?  It seems if an address receives a bunch of carded merchandise even if through wishlist they would look into it.    I guess the carding aspect scares me on it.

They do look into it I suppose, but with physical goods, the time to prepare and ship those products is usually enough time for their fraud detection stuff to catch carders so much of the stuff you buy won't actually be carded. Although if you are scared of carders purse has an instant option which gives you only a 5% discount. This I believe is actually paid for by purse so they won't be using stolen credit cards.

Also, I think that purse will cover you if you do happen to be under investigation for supposedly carding stuff. They will pay up to $10,000 for any unexpected costs like legal fees if you happen to be taken to court over buying stuff on purse because the goods were carded.

My fear of it is they see X address is getting a lot of carded merchandise.   It seems like eventually amazon would not ship to address.  They track a lot of things and I'm sure amount of carded merchandise is on there.

I just can't wrap head around why anyone would pay 20 percent over BTC value through this unless it was carded.  They could go to LBC for less then 20 percent over I would think on buying BTC.

Well it isn't always 20%. A lot of people do less than that and some even buy the stuff as close to the real price as possible. There are people who set the minimum discount so they are pretty much paying the real price.