Back in November of 2015, Andrew Lee CEO of Purse.io announced its new venture Purse Merchants via Bitcoin.com’s All-Star AMA sessions. The company has just notified us that Purse Merchants is now live and rolling out its services to the public. Now anyone globally can purchase and sell items for bitcoin utilizing secure escrow transactions. Bitcoin.com spoke with the founder of Purse about the launch of the new marketplace.
Purse Merchants: ‘More Products Than Any Other Marketplace in the World’
Purse Merchants is a decentralized marketplace allowing anyone worldwide to use the platform to buy and sell merchandise. The market offers an escrow system that allows users to transact securely with a trusted third party guaranteeing orders are completed safely. Purse says that escrow transactions were once reserved for the real estate industry but now thanks to their Purse Merchant’s platform the system can be used by anyone.
Lee told Bitcoin.com:
With the launch of Merchants, Purse has more products available than any other marketplace in the world – more than Amazon, eBay or Alibaba (over 250 million SKUs available). Bitcoiners can buy or sell virtually anything at unbeatable prices.
Additionally, the service says it offers the lowest possible fees when compared to marketplaces such as Etsy (3.5%), eBay (10%) and Amazon (8-20%). Furthermore, Purse explains using Bitcoin offers them a 24/7 network that never closes, and chargebacks can be a thing of the past. Another different aspect is merchants are also enabled to sell directly to shoppers, and the platform offers a variety of ways to sell products that are protected by the secure Purse escrow system.
Anything can be sold on the platform and Bitcoin enthusiasts will find merchants such as Trezor and Ledger available. Another company that can be found on the market is Windcatcher, which appeared on the television series Shark Tank. The inflatable technology manufacturer wound up winning a deal with the host Lori Greiner. Purse explained that popular items such as these can be found throughout the marketplace every day. Purse is also enabling a solution for merchants to launch pre-orders with the platform’s “pre-order marketplace.”
‘World’s Largest Marketplace for Bitcoin’
People looking to sign up can register today and can also use their Facebook or Coinbase credentials to log in as well. The Purse team is thrilled with the launch of the Merchants platform and wants to be the “world’s largest marketplace for Bitcoin.” Last year Lee told Bitcoin.com that Purse Merchants would be something between eBay and OpenBazaar on the decentralization scale. However, the San Francisco-based company says unlike eBay, Etsy, or Alibaba, this marketplace won’t require banking credentials to purchase and sell items.
Purse is offering a 30 day trial of the company’s premium service, and no credit cards are required to sign up. The business states they present the ability for users to market their products to over “100,000 early adopters” and they say that’s just the beginning.
Bitcoin.com will keep an eye out on the growth and development of this marketplace and keep you up to date.
Will you be using Purse Merchants? Let us know in the comments below!
Images courtesy of Purse.io
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