Am I Protected Using Purse?
Keeping our users safe
Customers are covered for any damages or costs resulting from their transaction of up to $10,000. The guarantee does not protect users from fluctuations in the price of bitcoin. Purse cannot be responsible for changes in the market price of bitcoin.
How We Keep Our Customers Safe
Purse combines two irreversible transactions: delivery of a good and a bitcoin transfer utilizing our secure escrow. Earners on Purse can rest easy knowing Shoppers funds are locked securely in escrow while orders are fulfilled. System will automatically release bitcoin once the Shopper has confirmed that items in their order have arrived in hand. This helps guarantee that you are protected from instances of fraud, and ensures that individuals cannot steal your funds prior to item delivery.
In addition, to make our platform even safer — we’ve built a proprietary system that detects and prevents unwanted user behavior on our platform. This system allows us to filter out any malicious individuals who may seek to target our users. We’re dedicated to ensuring your discount shopping experience is secure, seamless, and worry-free.
The Purse wallet is a “hot wallet” designed to store funds that are ready to spend. Click here for wallet recommendations if you are storing large sums of bitcoin.
Exceptions (What’s Not Protected)
Freight/Shipment Forwarders: Using freight forwarding/shipment forwarding services for your purchases means that you will not be protected by the Purse Guarantee.
Amazon Devices: Amazon Kindles and other Amazon branded devices (Amazon Firesticks, Amazon Echo, etc.) are not covered by the Purse Guarantee.
Gift Cards: We cannot guarantee gift cards purchases in the event that they are reversed or double spent, there are no exceptions. Please make sure to redeem the gift card before completing the Purse order.
Updated on: 12/01/2021