Common Questions About Name Your Discount (FAQ)

How Name Your Discount & Purse works

Create an account (no KYC or pesky verification procedures required), add items to your cart and fund your order to start shopping on Purse. Confirm the delivery of your order once the package arrives in your doorstep, that's how easy it is!

Who is purchasing my Amazon orders?

Earners with excess Amazon gift cards purchase items on Amazon in exchange for Bitcoin. Many people with excess Amazon credit are looking to liquidate that value into a more usable currency. These Earners are willing to trade their Amazon gift cards for below the USD value of the gift card. This value is passed along as savings to you. Once you confirm that you've received the items, our secure escrow system releases Bitcoin to the Earner. 

How do I choose the discount rate for Name Your Discount?

Selecting the discount amount is up to you. Lower discounts result in faster order fulfillment while higher discounts will require you to be extra patient. The most common discount rate is between 15 to 18%, so that would be a good place to start.

Do I have to use a Wish List for Name Your Discount?

An Amazon Wish List is no longer needed to shop on Purse. Simply log in to Purse and search for the item you want to buy, and add it to your shopping cart. Go through the checkout process to select the discount for your items.

How long do I have to wait for an Earner to accept my NYD order?

Once you place your Name Your Discount order it will remain on the order books until an Earner decides to accept and purchase. The waiting time depends on the discount you select. For items you wish to receive more quickly, a lower discount is suggested.

What happens if no Earners accept my Name Your Discount order?

Orders will remain listed on the order books until an Earner decides to accept it. If your order is not selected by an Earner as quickly as you’d like, try reducing the discount and re-submitting.

What happens if there is a problem with my Discount?

If you encounter any problems you can reach us on Purse.io by using customer support chat (Click on Contact under your Profile), or by contacting us via email: [email protected]

Can I use an Amazon Locker with Purse?

Sadly, Amazon doesn't let you use an Amazon locker if you are using a Wish List or if you are gifting an item to somebody else, since Purse uses Wish Lists for order fulfillment, you can't use an Amazon Locker with Purse. If you want the privacy of an Amazon Locker, we recommend you to use a Parcel Forwarder or P.O box address. 

So what’s the catch?

There is no catch. Read our post about our Purse Guarantee to protect your purchases in our marketplace.

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Updated on: 13/01/2021