How we keep your funds safe
We keep your funds safe
Purse’s secure escrow system protects customers funds. When an order is placed, your payment is held in escrow throughout the duration of your order. Payment is released to the individual who purchased your order once you’ve confirmed that you’ve received all of the items.
When to Confirm Delivery
With respect to the Earner who purchased your items, please confirm as soon as you receive the shipment so that they receive their payment.
Only confirm items that you have physically received. Prematurely releasing escrow for items that have not yet arrived means you’re not protected if there's an issue with your order. To reassure the Earner, we recommend that you confirm each individual item(s) as they arrive, in the case that your order is broken into multiple shipments.
We are not responsible for funds lost if you prematurely confirm delivery. Remember to check that every item is received before completion.
How Purse secures its customer's crypto
Purse has invested significant resources into keeping our customer's deposits safe. Established in 2014, Purse has never been a victim of major security breaches. Purse employs a battle-tested hot/cold wallet infrastructure powered by Bcoin, an alternative Bitcoin implementation that is fully consensus-compatible. Bcoin is also the only other Bitcoin implementation apart from Bitcoin Core used to mine a block in the Bitcoin network. To learn more, visit Bcoin.io
Updated on: 13/01/2021