Hi Roger,1. What is Purse Merchants?
2. Why should people be excited about it?
3. Why are you excited about it?
We're rolling out Merchants with beta partners first. In the next month, we'll roll it out publicly so anyone will be able to sell on Purse. Unlike legacy marketplaces like eBay, Alibaba, and Etsy, people won't need bank accounts to sell online. Reputation is a key factor in how we determine the escrow terms. Established businesses will receive payments upon submitting a valid tracking ID, but businesses without reputation will have to wait until delivery confirmation. We think competition is healthy.What are the requirements to sell at your marketplace? How established do you have to be? Do you require proof of inventory? How long do you payments take to receive payment after a sale is completed in bitcoin? Do you accept competing products of two sellers or just allow one ?
Awesome! Thanks for the questions.Hi Andrew! Just got an account to ask these! Thanks for doing this!
1. Is there any plan to do a CoinJoin for the coins you have in escrow in the future, to enhance anonymity?
2. Where do the majority of your gift card purchases originate from?
3. Are there any people in countries where the currency is heavily manipulated/destroyed, where people are using gift cards/bitcoins instead that you know of?
Thanks for the kind words and using Purse!I'm a Purse user and I love it.
1. How is the ecosystem on Purse? What is the proportion between earners and shoppers?
2. What's the average discount rate?
3. How are you avoiding carders / fraudsters?
4. Cool for Purse Merchants, but are u not afraid of Openbazaar?
We currently have 2 people full-time on our support team, but all of us participate. We're averaging about 6hr response time excluding weekends. We are ramping up on all fronts including support. If interested, please email email@example.comHow many staff do you have working for the support team?
also how long is the average wait time to get help from the support team?
Thanks for the question allgoodthings1!Re: Purse Merchants
1- Will this new service be available on Purse Instant or Name Your Discount, or both, or neither?
2- Won't this new service put you in direct competition (for listings/sales) with Amazon, and thus strain your relationship with them?
Great to hear you saved on your laptop! There's a lot of low hanging fruit with just basic multisig escrows. In general, use cases have severely lagged development in Bitcoin 2.0 capabilities. Bitcoin's scripting capabilities are sufficient for even complex scenarios that have yet to be imagined.First off thanks, I'm typing this on a laptop I got a good deal on through Purse.io.
I read the piece, Bitcoin commerce is broken, and I saw the mention of smart contracts. Are you able to do such contracts on the Bitcoin Blockchain?
Of course! Combined with the price surge, this is going to be a huge holiday season for Bitcoin.One more question, is Purse doing anything for Bitcoin Black Friday?
Thanks for using Purse! We don't operate in New York. We'll release mobile apps early next year.Hi Andrew. Big fan of Purse, I use it at least a couple times a month.
Are you required to get a Bit-license to operate out of New York? (Since you hold bitcoin for customers)
When is the mobile app coming?
I still believe that app would be awesome, but we're taking more of a platform approach to new markets. Eventually, we'll provide all the escrow tools and payments capabilities so developers can build the frequent flyer miles app on top of our platform. If no one builds it, maybe we'll do it.Some time ago, I read of Purse exploring the possibility of earners using the likes of frequently flyer miles and other company cash alternatives - not just Amazon gift card balances. Any progress on that front?
Thanks for using Purse!I am a Purse user and i love it!
I have ordered couple things through Purse and everything went fine until i have received the last item (Apple Magsafe W85 power adapter)
and i have released the payment for the buyer.
The item did not work, so i sent an email to Purse support to see how we can resolve it with replacement of the item,
but as it turns out to be a frustrating thing, Purse support has forwarded me to amazon and ask to replace the item,
but amazon has asked me so the REAL buyer will contact them for a replacement.
so i have a few questions:
1. You don\t have any explanation on your website on how to resolve an issue like this, will it be added?
2. what do i do now, as i payed 50 Euro but the item doesn't work?
Thanks for doing this AMA
Hi Kyle,Hey Andrew,
Great work on this! Just one question: How helpful do you think your ability to offer discounted Amazon products to users will be for the success of your marketplace? Do you see this as a key tool in fighting against eBay's network effect?
Also, for anyone else, I was able to ask Andrew a few questions about the upcoming platform yesterday. Article was just published here: http://coinjournal.net/purse-to-launch- ... penbazaar/
Completely agreed with the lack of reason to spend bitcoins. A Bitcoin button at checkout does not compete well with credit card on file.Hi Andrew.
Long time fan, built my whole PC via Purse, ~20% off. Purse gave me a reason to actually spend bitcoin when there weren't many options in the UK.
Q1: With the new 'Merchants' service, what fees will Purse take? Are they competitive with Amazon/Ebay etc?
Q2: I'd love the instant discount to come to the UK, but you've previously said that there's not enough of a market for it here apparently. Is that still the case?
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