How to Get an Amazon Discount with Cryptocurrency: Shop on Purse
The complete guide to shopping with Bitcoin/Bitcoin Cash and getting an Amazon discount on Purse.io
Hey there!
You may be a new Purse shopper or a current user that’s here to look for some insight into our process. You may be a deal hunter that’s digging for an Amazon discount. Regardless of who you are, we hope this guide is helpful in your shopping success with us.
— The Purse.io Team
In this article, you will learn about:
- What Purse is
- The Relationship Between Shoppers, Earners, and Purse
- How to Shop
- Purse Tips
- Popular Shopping Categories
- Insights into Real Amazon Discounts
- The Benefits of Shopping
- Praise From our Users
Most notably, you will learn how to use Bitcoin or Bitcoin Cash on Purse.io in order to save money on every Amazon purchase you make.
What is Purse and How Does it Work?
What is Purse?
Purse is an online marketplace that enables anyone to get an Amazon discount of up to 33% off anything by naming their own discount and paying with cryptocurrency.
However, it goes a little deeper than that.
The Two Problems
In order to fully describe what Purse does, let’s begin with two different problems on two different sides of the (Bit)coin:
- Amazon does not currently support Bitcoin/Bitcoin Cash transactions.
- Cryptocurrency enthusiasts want to find quick, non-mining alternatives to obtaining cryptocurrencies.
The Solution
Purse is an online P2P marketplace that enables crypto enthusiasts to either:
- Shop and use Bitcoin/Bitcoin Cash to get an Amazon Discount
OR
2. Earn Bitcoin/Bitcoin Cash by selling Amazon gift cards to Shoppers on Purse
Purse provides the platform for this exchange and benefits by getting a small fee from the purchase.
Amazon Discounts
There are two different Amazon discount options for shoppers to take advantage of
“Buy Now”
At 5% off, Purse instantly buys your items. This is the quickest delivery option.
“Name Your Discount”
Choose a discount of 6–33%, then you will be matched with an Earner who fulfills your order.
The Shopper/Earner Relationship
Shopper side:
Shoppers give Earners a usable, growing currency in exchange for an Amazon discount using digital currency.
Shoppers could be:
- Crypto-users that see value in creating utility for digital currencies
- Money-savers that want to make large purchases in bulk with an Amazon discount
Earner side:
Earners give Shoppers an Amazon discount because they want to liquidate Amazon gift cards and earn cryptocurrency. They are betting that the market will work in their favor to leverage their earnings.
Earners could be:
- Contractors that get paid for small jobs in Amazon gift cards
- Amazon gift card holders that received their cards as gifts and want to turn them into profit
- Earners that gained Amazon Gift Cards by buying them directly from trusted sources
- Cryptocurrency enthusiasts that want to earn Bitcoin or Bitcoin Cash without mining it
Delivery Time and and Tracking Procedure
How do you get your tracking information and how long can you expect to wait for your Amazon Discount orders?
Delivery Time
“Buy Now” orders from Amazon are purchased and processed by Purse. The delivery time you can expect is equivalent to ordering directly on Amazon Prime.
“Name Your Discount” delivery time consists of the time it takes for the Earner to pick up your order (fulfillment time) and the time it takes to deliver it. Fulfillment time can depend on the discount rate, order value, and crypto marketplace.
Pro tip: If you want the biggest Amazon discount and you’re willing to wait several weeks for your order, choose a discount of 20–25% off.
Tracking
If the order is shipped via UPS, USPS, DHL, or FedEx, Earners provide the tracking number to Purse who sends the tracking number to you. If the order is shipped by Amazon, Purse receives the tracking number directly.
Shopping on Purse: The Complete Process of How to Make Transactions and get an Amazon Discount
Now that you know the background of the Shopper/Earner relationship and Amazon discount tradeoffs, let’s walk through all the steps it takes to make a successful transaction on Purse, and get you that much closer to buying tech on Amazon using Purse.
Step 1: Import Your Wishlist
Either select your items directly on Purse.io or select your items on Amazon.com and import your public wishlist.
Step 2: Select Your Amazon Discount
Navigate to your shopping cart
- If you select the “Buy Now” 5% Amazon discount option, your order will automatically be fulfilled by Purse with the fastest delivery times and no additional Purse fee attached.
- If you select the “Name Your Discount” option, you are able to receive up to 33% in savings. However, a caution: the higher you set your Amazon discount, the higher estimated delivery time, and the higher the Purse fee.
Step 3: Select Your Shipping Options
- Provide the address where you’d like your item to be shipped.
Step 4: Review Your Order, Shipping Information, and Payment Information
Step 5: Select Your Payment Options
- Don’t have cryptocurrency yet? Click here to learn how to buy it!
- If you already have enough cryptocurrency in your Purse wallet to cover the order this step will be skipped and your order will be placed. You can set your preferred coin to spend first on your account page.
- Otherwise, press “Continue” to the next page where we request that you send your BTC or BCH to your hosted Purse Wallet.
- After arriving, the funds for your order will be held in escrow and your order will be listed on the Purse order book for an Earner to pick up.
- Additionally, you can make purchases with other digital assets besides BTC and BCH using the Purse ShapeShift integration as shown below. More on that later.
Step 6: An Earner Accepts Your Order
- Once an Earner accepts your order, they will place the order with Amazon and inform Purse of the order ID.
Step 7: Order Tracking
- Your order will be updated with relevant shipping information as soon as Purse gets confirmation from an Earner. Purse will let you know once your order has a tracking number, is sent, and delivered to the address you selected in the checkout process.
Step 8: Receive Your Amazon Item in the Mail
- You just used crypto to get an Amazon discount. Say Whaaat?!
- Make sure to confirm your package as soon as it arrives so the Earner who fulfilled your order can be paid promptly.
Purse Tips
A few more insights into how our Amazon discount process works
Using Purse as an International Shopper
Get orders shipped to virtually anywhere.
When Purse.io was created, it immediately synced with Amazon.com’s policies and shipping capabilities. Within these policies, Amazon.com is able to ship to many places inside the U.S. and outside the U.S. for an additional shipping fee. Nearly everyone is eligible for an Amazon discount using Purse. For a helpful snapshot of available locations, view the full list of destinations & rates here.
Additionally, Purse.io offers limited support for Amazon.co.uk , Amazon.ca, Amazon.co.jp.
For more of an in-depth look, Simply follow these instructions.
ShapeShift Integration
Don’t have BTC or BCH? Get an Amazon discount when you use any of your favorite tokens with ShapeShift
ShapeShift.io is an instant digital asset exchange service. It allows the shopper to take one digital asset and instantly convert it to another one. The way this works is that ShapeShift will take the shopper’s currency, convert it to Bitcoin, then send the converted coin back to Purse.
With the ShapeShift integration, Purse can accept more than 30 different digital assets including:
- Ethereum
- Litecoin
- Zcash
- And more!
Purse Fees
Purse charges a fee for “Name Your Discount” orders based on the set discount. Purse will always display the fee that applies to your order. See below for the fee schedule.
Possible Complications
Long Shipping Times
If the Shopper selects an item with long shipping time, it may prompt Earners to cancel the order. If the order is cancelled, it will be sent back to the Purse order book for the next Earner to pick up.
To ensure the fastest shipping, only order items that are currently in stock and be sure to note the estimated delivery time that’s listed for that item. It is most ideal to select items with a 5–7 day shipping time or less.
High Amazon Discount Rates
If the Shopper places an order with a request for a high Amazon discount amount (more than 18–22%), the Shopper will need an Earner to accept that Amazon discount. There is a high likelihood that most Earners will be hesitant to fulfill a high Amazon discount order because they will be accepting payment at a lower rate.
For example, an item with a desired discount rate of 25-33% may take up to a month to be picked up by an Earner. (But… imagine the savings!)
Popular Products and Amazon Discounts
Buying Tech with an Amazon Discount
Here are the top Purse shopping categories. Our records show that many of our users enjoy getting Amazon discounts of 18% on items such as laptops and phones. A close second are those interested in PC parts, such as video cards, motherboards, or monitors.
“Balance” and “Buzzed” are categories in which shoppers can buy products that help facilitate their busy life schedule (premium coffee, mmmm), or help them rewind from their day (aromatherapy essential oil diffuser, anyone?)
The hierarchy in terms of popularity looks like this (1 being the top-visited)
Real Amazon Discounts
The value of Bitcoin and Bitcoin Cash is volatile. We know this. Here are two ways that the market fluctuation can go in your favor, even if the value of your crypto changes.
Shop and Save, Even When the Price of BTC is Down:
In this case, we can see that the shopper put in an order with a “Name Your Discount” price of 25%. Although the price of BTC changed before an Earner picked up the order, the Shopper still walked away with 23.5% savings on a photography lens.
Gain Extra Earnings When BTC’s Value Rises:
The fun part about using Purse is the potential savings when the value of Bitcoin rises. The final Amazon discount that this shopper gained was comparable to 37%, an unexpected 16% total discount increase!
Top 10 Reasons to Shop on Purse:
1. Use Your Digital Currency For Essentials
- We all know that you’ve been holding that spare amount of Bitcoin from a few months back. Put your Bitcoin to good use and buy the items you’ve got to purchase anyway. HODLing doesn’t make food and clothes show up!
2. Earn Cryptocurrencies
- As an Earner, you can sell your unused Amazon gift cards for Bitcoin or Bitcoin Cash. if you think about it, this is a great way to get access to your crypto faster than almost all other methods.
3. Get an Amazon Discount
- 5% to 33% in savings on Amazon purchases. No sales windows, no limitations.
4. Use Bitcoin Cash
- Due to high demand, Purse implemented native support for Bitcoin Cash.
5. Use All Your Favorite Tokens with the ShapeShift Integration
- Typically use other tokens or currencies? This integration lets you use whatever you like: Ethereum, Litecoin, Ethereum Classic, 0x…
6. Support the Growing Digital Currency Community and Their Mission to Transform the Way We Exchange Internationally
- Super low fees, country-less, no forms to fill out
- True cryptocurrencies are border-less, near-instant, and universal
7. Buy Items in Bulk and Get an Amazon Discount
- Companies like ShapeShift buy their office supplies with Purse and get 15% off their habitual Amazon orders
8. Support Other People Who Use Cryptocurrencies to Survive
- Access to modern financial services through the blockchain can help developing nations alleviate problems caused by poor or corrupt central planning of their local currency
- Check out this Hackernoon article for more insight into the conversation
9. Support a Decentralized, Private Way to Shop
- Digital currency is not owned by banks or any central authority. Make payments using a currency that is universal and not monitored by anyone else.
10. Become One of the First Users to Catch onto the Future of Financial Technology.
Purse User Reviews
Check out some love that we’ve gotten from community members
Reddit Users’s Amazon Discount Savings:
Purse has a large following over internet forums such as:
Feel free to follow us and stay updated about our latest news!
Thank you for reading!
Today you learned about:
- What Purse is and how it can help you as a Shopper
- The whole Purse.io Amazon discount shopping experience
- Shopping Tips
- Cool reasons why users love us
Please do us a favor and share this guide with others, as there is a good chance that it will help them get their biggest Amazon discount.
Shop for your favorite products and save $$$ today!: https://purse.io/shop
