The best thing about this method's Discounts is that they stack over Amazon's sales.
This article was first published on Read.cash!
The method works for almost all of Amazon Products that have a Shipping Option. I'm using Gaming Products as example because I wanted a focused article.
Purse.io
Purse.io (Ref. Link): is a service that allows you to "Name Your Discount" for Amazon products by connecting you: A Bitcoin and BCH spender with Amazon users who want to Cash-out their Amazon Gift Credit.
On Purse, when you name your own discount, it is fulfilled by Earners- individuals who wish to exchange their Amazon gift cards for your cryptocurrency. As a shopper, you can reach for deeper discounts by trading delivery speed for savings. -- (How it Works Page.)
The service is attractive to both sides because it allows Shoppers to have attractive Discounts, while also allowing users with money stuck in Amazon Gift Credit form to earn Bitcoin. There are people in some countries whose main source of Income is Amazon Gift Cards. Purse.io allows them to change that into Bitcoin while helping other users at the same time.
How does it Work?
First you need to use either #BTC (Bitcoin) or #BCH (Bitcoin Cash) as currency.
I recommend Bitcoin Cash because it has less transaction fees. It'll be easier to exchange your HIVE earnings into BCH! (Also you can earn it on Read.cash) but Bitcoin has its own advantages too.
Have a Purse.io Account
If you're new, you could register as my Referral: We'll both get $5 when you spend more than $100 on the website.
Make sure your Bitcoin or BCH wallet have a bit more than the needed amount to required for payment.
Have an Amazon Account in one of the accepted regions.
- Accepted Regions: These four regions are the only ones accepted by Purse.io for now: Amazon.com, Amazon.ca, Amazon.co.uk & Amazon.co.jp
Add the wanted items to a Wishlist.
*Make sure that the Wishlist has a *Shipping Address & Allows Gifting.
Copy the Wishlist's share link.
Open "Shop" Tab on Purse.io & Paste the Wishlist Link
- All you need to do now is to follow instructions.
Buying a 2 PS4 games + a Controller with extra %29 Discount.
After Checkout: Your items will be listed in the Earn Section.
One of the third-party users will buy the items for you with their Amazon Gift Balance.
They will post the Amazon Shipment Tracking ID for you to be able see where is your shipment is at all times. (This is why Purse.io can't be used for Digital items. It only works on items with Shipping involved.)
Purse.io will act as the Escrow of the deal.
The system is made to need as little trust as possible and everything you need is there in the instructions.
You can send messages to the third-party user who is buying for you.
Purse.io will try to solve any Disputes that might happen between you.
Why A High Discount Like %25 Is Possible?
I keep referring to savings through Purse.io as Discounts, but they're more of a premium the users pay to get their money out of Amazon into a type of money they can spend elsewhere.
Most of the users willing to get a percentage this low are living in third-world & their main source of income is Amazon Gift Cards.
- Amazon Gift Card Credits can only be used on Amazon, these users are prepared to pay more to get their money into Bitcoin which they can use in other places.
- While they can sell these cards online directly to the third party users, Purse.io offers them a way that needs as little trust as possible.
- Some of them are also BTC holders who are waiting for its price to go up. In their mind they're not losing money, they're investing it.
Buying Through Purse.io CAN'T Help in These Cases:
- Digital Games: You can't gift Digital items on Amazon.
- Flash Sales: Since you have to wait for someone to buy the game for you, you can't choose a product with a sale that ends in a few hours. Make sure there's always 24+ hours left.
- Pre-order Games: Requires too much trust in the wait time until the shipping.
- Limited Editions: Purse.io technically allows buying these through it, but considering how fast they run out-of-stock, it might not work depending on the item.
Keep In Mind While Using Purse.io:
You can only get up to %15 Discount on your first order. I recommend you to choose an items that's as cheap as possible for you to try the service.
While you can choose a Discount for up to %33, I recommend sticking to %29 and below. The higher your chosen Discount is, the less likely you'll get someone to buy the Amazon product for you. I think %20-24 Discount is the sweet spot, but if you're looking for a fast purchase you could go for %10-15 Discount.
I don't recommend using the %5 Discount, unless you're more comfortable paying with Bitcoin/BCH than paying with Amazon Gift Cards. Sure, it's Instant, but you're still losing some of the control you had with your own Amazon Account, so make sure if it's worth it.
While Purse.io Does its best to combat Scam, you're still dealing with third-party users on that website. Proceed with caution and don't deal with anyone you're skeptical about. Check the reputation page of every user who buys for you and contact Purse.io team if you thought that something strange is going on!
New to Cryptocurrency? Purse.io has good number of educational pages for you: Like "New to BTC?" Page and The FAQ at the button of "How it Works" Page.
In Conclusion
Purse.io service is a an interesting tool and might help you save ton of money. There's some risk involved and you're losing some control over your shipping terms.
Don't spend more than you're willing to lose, but I believe in the long run, your Purse.io savings will be much higher than any unfortunate losses. You also won't lose anything if you're careful enough while using the website.
Hope this article have helped you in some way. If you have anything to add, or if I made any mistake please tell me in comments!