Who likes saving up to 35% on Amazon? I DO!

[ChuckBuck]

Purse partners with Coinbase to simplify your Amazon purchases with Bitcoins:

http://www.pymnts.com/news/2015/coinbase-puts-change-in-purse/#.VQm06Y7F9pU

Purse, a specialized bitcoin platform that lets customers buy products on Amazon at a discount, has partnered with Coinbase to simplify the process, the company announced on Monday (March 16).

Under the new agreement, Coinbase customers will be able to transfer bitcoin from their Coinbase wallets for Purse transactions. “At Purse we strive to make saving on Amazon as easy as possible. We’re happy to announce an update that will make it much easier for mainstream users,” Purse’s blog post said. “With our Coinbase partnership, shopping on Amazon will be as easy as checking out at a Coinbase merchant. Customers can transfer funds from their Coinbase wallet and start using Purse within minutes.”

The partnership with Coinbase will also help with the implementation of new apps and features, the post added, but gave no further details.

Purse’s appeal is built around the relative difficulty of spending bitcoin as well as the difficulty of acquiring it in the first place, and it uses Amazon’s wish-list feature to tackle both those problems. On the Purse platform, a customer who wants to buy a particular item from Amazon posts the item he wants to buy and the amount of bitcoin he’s willing to pay — usually at a discount from Amazon’s price. When a second party agrees to the transaction, the second party pays Amazon for the product and has it shipped to the original customer, who transfers the appropriate amount of bitcoin to the second party.

In effect, the original customer pays bitcoin to get a product from Amazon, while the second party uses a payment card or PayPal to acquire bitcoin.

Purse also recently opened a brick-and-mortar retail store in San Francisco’s Mission District called Nakamoto’s, where only bitcoin is accepted for purchases. The products Nakamoto’s offers are also priced at a 10 percent discount from Amazon’s prices, CoinDesk reported in February.

Win win for both companies, but most of all, to us Bitcoin customers!  

[1715279883]

1715279883

[criptix]

this is really good news.
i think this is the first time where bitcoin is used in a closed business cycle without the need of exchnges for bitcoin user.

[Ron~Popeil]

Hopefully they partner up with bitpay as well. There is a decent number of bit coiners that will not use coinbase. I count myself among them.   

[ChuckBuck]

Hopefully they partner up with bitpay as well. There is a decent number of bit coiners that will not use coinbase. I count myself among them.   

You don't have to use Coinbase if you don't want to on Purse.  It's just there if you don't own any at all.

You'll still get Amazon savings no matter which way you pay your BTC.  Savings range from 8% to 35% or so.

[NUFCrichard]

Purse partners with Coinbase to simplify your Amazon purchases with Bitcoins:

http://www.pymnts.com/news/2015/coinbase-puts-change-in-purse/#.VQm06Y7F9pU

Purse, a specialized bitcoin platform that lets customers buy products on Amazon at a discount, has partnered with Coinbase to simplify the process, the company announced on Monday (March 16).

Under the new agreement, Coinbase customers will be able to transfer bitcoin from their Coinbase wallets for Purse transactions. “At Purse we strive to make saving on Amazon as easy as possible. We’re happy to announce an update that will make it much easier for mainstream users,” Purse’s blog post said. “With our Coinbase partnership, shopping on Amazon will be as easy as checking out at a Coinbase merchant. Customers can transfer funds from their Coinbase wallet and start using Purse within minutes.”

The partnership with Coinbase will also help with the implementation of new apps and features, the post added, but gave no further details.

Purse’s appeal is built around the relative difficulty of spending bitcoin as well as the difficulty of acquiring it in the first place, and it uses Amazon’s wish-list feature to tackle both those problems. On the Purse platform, a customer who wants to buy a particular item from Amazon posts the item he wants to buy and the amount of bitcoin he’s willing to pay — usually at a discount from Amazon’s price. When a second party agrees to the transaction, the second party pays Amazon for the product and has it shipped to the original customer, who transfers the appropriate amount of bitcoin to the second party.

In effect, the original customer pays bitcoin to get a product from Amazon, while the second party uses a payment card or PayPal to acquire bitcoin.

Purse also recently opened a brick-and-mortar retail store in San Francisco’s Mission District called Nakamoto’s, where only bitcoin is accepted for purchases. The products Nakamoto’s offers are also priced at a 10 percent discount from Amazon’s prices, CoinDesk reported in February.

Win win for both companies, but most of all, to us Bitcoin customers!  

My experience of Purse.io is that the Bitcoin buyers are scammers (3 purchases 1 scam) and that the customer services won't be helpful to look out for you if you are in a bad situation due to scammers on their site.

I'd rather pay 35% more.  Anyway, everyone can buy Bitcoin easily nowadays, why would people buy them at a 35% premium? Because they are scammers..

[Ron~Popeil]

Hopefully they partner up with bitpay as well. There is a decent number of bit coiners that will not use coinbase. I count myself among them.   

You don't have to use Coinbase if you don't want to on Purse.  It's just there if you don't own any at all.

You'll still get Amazon savings no matter which way you pay your BTC.  Savings range from 8% to 35% or so.

Oh nice. Thanks for the info. I pretty much buy everything but perishable food and cars online so that kind of discount from amazon would be a nice annual savings.

[Madness]

Pretty goods informations , thanks for sharing those with us .
However I sitll see "Get 20% Off Items At Amazon Using Bitcoin" on Purse.io is that a normal thing or it's a random percentage depends on the item etc ... Can be from 1% to 35%  ??

~ Madness

[Hazir]

My experience of Purse.io is that the Bitcoin buyers are scammers (3 purchases 1 scam) and that the customer services won't be helpful to look out for you if you are in a bad situation due to scammers on their site.

I'd rather pay 35% more.  Anyway, everyone can buy Bitcoin easily nowadays, why would people buy them at a 35% premium? Because they are scammers..

That is exactly the reason why I am not happy as I should be. I need to see how that 'system' works first to believe it is foolproof and I can't be scammed.
I don't care about discount that much I just want to have secure experience. Secondly I do not like coinbase itself, I wish they expand list of their partners in the future.

[pawel7777]

My experience of Purse.io is that the Bitcoin buyers are scammers (3 purchases 1 scam) and that the customer services won't be helpful to look out for you if you are in a bad situation due to scammers on their site.

If the 35% discount was guaranteed, you'd be making a good deal even if you're scammed 1 time every 3 purchases.

How did you got scammed actually? Do they provide escrow? Were you a buyer (exchanged your BTC for amazon stuff)?

I'd rather pay 35% more.  Anyway, everyone can buy Bitcoin easily nowadays, why would people buy them at a 35% premium? Because they are scammers..

You're probably right on this one, but there's also plenty of people with unwanted amazon vouchers/gift cards.

I had a few (small value) not too long ago and was thinking of selling them even at 60% face value (those were for amazon UK though, so harder to sell). But eventually I found something on amazon that I needed.

[BitUsher]

I'd rather pay 35% more.  Anyway, everyone can buy Bitcoin easily nowadays, why would people buy them at a 35% premium? Because they are scammers..

This was my first concern as well , but keep in mind their are many people willing to pay 20% more to get rid of their gift cards in many countries that they received through mechanical turk or as affiliate revenue where they choose to get a giftcard instead of ACH deposit because they don't have a US bank account. These employees, or contractors can either turn around and sell the bitcoins on local bitcoins for a 10% premium (thus only seeing a 10% markup of the average 20%) or buy items locally directly with bitcoin instead of buying through amazon where they don't have a US address to ship the items to. FYI- amazon global doesnt ship everywhere , can have high shipping and import charges and has an extremely limited inventory to the countries it does ship to.

[ChuckBuck]

Pretty goods informations , thanks for sharing those with us .
However I sitll see "Get 20% Off Items At Amazon Using Bitcoin" on Purse.io is that a normal thing or it's a random percentage depends on the item etc ... Can be from 1% to 35%  ??

~ Madness

I believe the discount you get as a new "basic" user is 8%.  You can read this Coindesk article to see the whole Purse process:

http://www.coindesk.com/review-is-the-purse-discount-really-worth-the-hassle/

[Madness]

Oh I see from that article something that I didn't knew . So basically it's a trade between different users because it says this :

"A peer-to-peer marketplace that matches individuals wanting to buy items on Amazon at a discount with others wanting to buy bitcoin with a credit card or via PayPal. The service claims discounts of up to 20% for bitcoin shoppers."

I thought that the company is the one that buys and ships to us then we pay them .

[NUFCrichard]

My experience of Purse.io is that the Bitcoin buyers are scammers (3 purchases 1 scam) and that the customer services won't be helpful to look out for you if you are in a bad situation due to scammers on their site.

How did you got scammed actually? Do they provide escrow? Were you a buyer (exchanged your BTC for amazon stuff)?

I ordered something, paid with Bitcoin, the buyer bought it and it was delivered, but then they claimed it hadn't been delivered and got a refund leaving the company out of pocket.
The company then got in touch with me to say that they will have to contact the authorities as I haven't paid for the item that arrived.  Purse say that I shouldn't worry though, so it's ok.  I'll say tell that to the judge when I'm in court.

[pawel7777]

My experience of Purse.io is that the Bitcoin buyers are scammers (3 purchases 1 scam) and that the customer services won't be helpful to look out for you if you are in a bad situation due to scammers on their site.

How did you got scammed actually? Do they provide escrow? Were you a buyer (exchanged your BTC for amazon stuff)?

I ordered something, paid with Bitcoin, the buyer bought it and it was delivered, but then they claimed it hadn't been delivered and got a refund leaving the company out of pocket.
The company then got in touch with me to say that they will have to contact the authorities as I haven't paid for the item that arrived.  Purse say that I shouldn't worry though, so it's ok.  I'll say tell that to the judge when I'm in court.

So you didn't get scammed, the company did.

I'd also say you got nothing to worry about, just tell them the whole story. They fucked up by giving the guy a refund. Why would they do that if the item has been delivered at the address provided by buyer and I assume it was signed for upon delivery.

They won't start any legal action (unless it's a small seller and it was high purchase), although they should, but they should be chasing the scammer not yourself.

[Hazir]

Oh I see from that article something that I didn't knew . So basically it's a trade between different users because it says this :

"A peer-to-peer marketplace that matches individuals wanting to buy items on Amazon at a discount with others wanting to buy bitcoin with a credit card or via PayPal. The service claims discounts of up to 20% for bitcoin shoppers."

I thought that the company is the one that buys and ships to us then we pay them .

That is correct. Company in this case is just a place when people who want to buy or sell can meet. Company itself does not regulate and control customers in any way. So you probably can be scammed often and it will happen sooner or later for sure.

[raywillet]

So are the savings on the Amazon side, or is it because the BTCs are marked up that you "save" 35%?

[ChuckBuck]

So are the savings on the Amazon side, or is it because the BTCs are marked up that you "save" 35%?

I think it's 1% fee on any orders placed using Purse, but the Amazon side savings make up for what you pay Purse for using their service.

[wickedgoodtrader]

Guarantee amazon blocks this is no time because it's just a way for people to scam.

[zcxvbs]

Really, they don't even have a 35% in profits or purse offers a 35% discount for Bitcoin users?
You can find a lot of this kind of service on digital good section, it probably works as if you want to end up with Amazon in blacklist.

[Hazir]

Really, they don't even have a 35% in profits or purse offers a 35% discount for Bitcoin users?
You can find a lot of this kind of service on digital good section, it probably works as if you want to end up with Amazon in blacklist.

I am not sure. People who are buying Amazon items as I can tell so far are legit. At least in case of amazon4u I've seen people using his services and no one complained. So I guess he can be considered 'safe' bet in you need to purchase something from Amazon. Unlike Purse services.