[Flipping] Purse.io making easy money

[Teh Canadian]

Amazon will ban you for too many returns just FYI.

This is probably true. I do it on my personal account which I have Prime. I've done a couple dozen returns so far, but not had any issues.
I would never try and scale this on my own account, but it works for the purpose I need.

I would definitely be interested if it could be scaled though or if anyone tries it I would definitely follow the story.

 

[c4s4rin]

Wow, this is the paypal money generator 2.0

 

[Compazz]

there is a big difference between posting money making method and flat out teaching people to commit fraud.

 

[Deleted member 1313244]

there is a big difference between posting money making method and flat out teaching people to commit fraud.

I'm more worried about how it enables money laundering.

 

[Compazz]

Ok. It looks like people above are really confused about how purse.io works.

This is not a scam. It's not any lack of morals or screwing anyone over.

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Here is how the platform works.

I offer my Bitcoin for an item on Amazon. You accept the offer and my Bitcoin is put into Escrow. You buy that item on Amazon for me. I receive it and confirm delivery. The bitcoin in escrow is released to you.

Purse tracks everything and confirms everything in the background. They can even see orders that are canceled.

After all that happens I am free to do what I want with the item I've paid for. I could throw it in the trash if I wanted

However, instead of throwing it in the trash I return that item to Amazon, which you are allowed to do, and Amazon gives me the full value for the item in a gift card.

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Sorry this has irritated or pissed people off. It's a non scam and very moral way of doing things and I thought it was valuable sharing it.

I've been trying to prove myself in this community thus why I am sharing the idea.

you go through all this to get an amazon gift card? paying by crypto might be the icing
here, but there are other ways to buy gift cards with crypto easily.

 

[TooMuchTraffic]

If I got that whole thing right, it seems like this is the new home for credit card fraudsters. Buying items through Amazon and getting paid crypto immediately? Sounds like this platform is not going to exist for long.

 

[manpreet]

This method is workable but its morally wrong.

So mturk users usually sell their gift card balance to get crypto and then 'usually' turn this into paypal to release into their bank accounts.

Not only are they already down around 30percent of the money they made off mturk (which takes the piss to make btw) you've also run the risk of screwing their amazon account as well as the accounts of the amazon sellers for your method to work

 

[theRevolt]

So here how this will go down:

Ok so lets assume for a minute that wishlist items are bought with CC and then reported as unauthorized...

- Your crypto was released and is gone
- Who will Amazon come to if this is happening many times?

And all that for Amazon GC not even real $$, and do not suggest selling the GC as just another step where you will get scammed.

 

[Teh Canadian]

If I got that whole thing right, it seems like this is the new home for credit card fraudsters. Buying items through Amazon and getting paid crypto immediately? Sounds like this platform is not going to exist for long.

Platform has been around since 2014. Its legitimate but yes it can be abused with people using stolen cards etc.
Information about company: https://purse.io/about

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Again I will state for the record, I don't see this as fraud or a scam. You are simply returning an item that was bought for you. It's the same thing as if a friend or family bought you an item on Amazon as a gift.
Regardless if the person who bought you the items did it legally or illegally. Thats the platforms problem.

I was just sharing with a way you can make a little profit. My intentions with this process is to turn a profit legally.
Yes, the moral lines might be bent here now that I've looked at it closer. I would never want to hurt any third-party-sellers.

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I never have and never will endorse fraud.
This entire thing is legitimate and people are paying for the item and Amazon is not losing anything here. 100% Purchase. 100% Return.
The only person technically losing something is the buyer who buys the goods for a 5-33% decrease for Bitcoin.

 

[Jammy0308]

Amazon is not losing anything here.

It's not as easy as that, Amazon most often loses money when people returns things (it's one of their biggest losses of money). Not only that but I can imagine the individual seller loses in some way aswell.

Maybe try selling the item at near full price on another site? Instead of returning.

 

[GainTheImpossible]

You don't understand! This whole idea is a scam - something tells me you're a purso.io of my ass webmaster, coming here to advertise your stinky damn business just to fuck around with real legit business(Amazon).

I would instantly freaking ban you, damn fraudster. People like you are so damn low that make me wanna throw out everything I ate in the past years for god sake, you annoying prick.

Platform has been around since 2014. Its legitimate but yes it can be abused with people using stolen cards etc.
Information about company: https://purse.io/about

------------

Again I will state for the record, I don't see this as fraud or a scam. You are simply returning an item that was bought for you. It's the same thing as if a friend or family bought you an item on Amazon as a gift.
Regardless if the person who bought you the items did it legally or illegally. Thats the platforms problem.

I was just sharing with a way you can make a little profit. My intentions with this process is to turn a profit legally.
Yes, the moral lines might be bent here now that I've looked at it closer. I would never want to hurt any third-party-sellers.

-----------

I never have and never will endorse fraud.
This entire thing is legitimate and people are paying for the item and Amazon is not losing anything here. 100% Purchase. 100% Return.
The only person technically losing something is the buyer who buys the goods for a 5-33% decrease for Bitcoin.

 

[Aulig]

I'm more worried about how it enables money laundering.

Agreed. I don't see how they can provide 33% off if it's not for money laundering/bought with stolen credit cards. In which case it makes even more sense that they want a payment in crypto.

Returning the item to amazon for no reason might be fraud depending on what you give as a reason and where you live. Either way it's a dick move for sure.

 

[provocative]

As an ex-Amazon fraud employee; There is no chance that your Amazon account would survive this after a few returns. Amazon always accepts returns but there are thresholds. If there`s a shady return trend, warning and then bye to your account including all connected accounts, even your family members`s accounts.

 

[Rj220505]

1. Why would someone who wants to buy crypto use this? Why not just buy jt drom an exchange?

2. When you return the item, doesn't the money go back to the account it was bought through instead of your account?

3. Instead of going through the trouble of returning, why not just buy directly a gift card?

Btw, to everyone who's defending Amazon. I think its not a scam, its just immoral. And yes eventually the account will get banned.

 

[Teh Canadian]

As an ex-Amazon fraud employee; There is no chance that your Amazon account would survive this after a few returns. Amazon always accepts returns but there are thresholds. If there`s a shady return trend, warning and then bye to your account including all connected accounts, even your family members`s accounts.

I can see Amazon shutting down the account, but regarding all family member's account that seems excessive and hard to believe.

1. Why would someone who wants to buy crypto use this? Why not just buy jt drom an exchange?

2. When you return the item, doesn't the money go back to the account it was bought through instead of your account?

3. Instead of going through the trouble of returning, why not just buy directly a gift card?

Btw, to everyone who's defending Amazon. I think its not a scam, its just immoral. And yes eventually the account will get banned.

1. I guess it depends. If you have Amazon Gift cards why not. I would never personally buy 33% off, but anything 5-7% is not that much different from any major exchange.

2. No. It's a gift. It's credited to the person receiving the item.

3. You could. Most people it seems buy Best Buy gift cards with the platform.

 

[provocative]

I can see Amazon shutting down the account, but regarding all family member's account that seems excessive and hard to believe.

After your account banned, all connected accounts IP to CC to address and more will be flagged. If they are not banned at the first point, they will get banned when they asked for a return.

I am just sharing an experience as I was exactly doing this job. Take or leave, of course it`s your choice. Good luck!