Following recent coverage of a potential exploit on services that rely on Amazon Wishlist for order fulfillment, Purse.io, a Bitcoin service that allows users to “buy” goods on Amazon using Bitcoin at a heavily discounted price, has clarified that this particular scam has long been dealt with for Purse users. Through the use of a proprietary order tracking system, Purse.io isn’t dependent on Amazon Wishlist, which Amazon admits has known errors that lead to scams.
Purse.io has several times the Amazon trading action as Brawker; as such, they have the data to construct reliable fraud detection algorithms. However, more general scam attempts, such as the ones that users on eBay face, still exist on Bitcoin only services such as Purse.io. Users should always beware when a seller offers a larger discount for settling the transaction “outside of the system.”
Purse.io CEO Andrew Lee stated to CCN:
For a refresher on how Purse.io works, check out their starter video:
What do you think about decentralized online shopping possibilities going into the Holiday Season? Comment below!
Images from Purse.io and Shutterstock.