[pablovidal85]

Not really, purse.io does not facilitate fraud more than Amazon itself does. Purse.io just connects people who are willing to buy bitcoin using Amazon gift cards for a premium, and those that would like to purchase products on Amazon using bitcoin.

[phpnode]

It's an out and out money laundering service. It exists for no other reason, there are no legitimate circumstances where someone would want or need to sell amazon gift cards at less than their face value. It is straight up money laundering and it's frankly incredible that it's lasted as long as it has.

[ctrl-j]

> no legitimate circumstances where someone would want or need to sell amazon gift cards at less than their face value.

Absolute statements like this are so hard to back up.

For instance, if you live in Cuba, Iran, Syria, North Korea, or Syria, Amazon.com gift cards are worthless.

I know I received some AmericanEagle gift cards as a promotion recently, and unloaded them for less than face value just because I had absolutely no need/want to use them.

[cthalupa]

> there are no legitimate circumstances where someone would want or need to sell amazon gift cards at less than their face value

Many credit card rewards programs offer Amazon gift cards as a redemption option. The points:value ratio on these is generally significantly better than the ratio on cash rebates, even when you consider the hit taken on sites like purse.

e.g. 10,000 points might be redeemable for $100 in Amazon GC, but only $50 in cash, so even if you get the GC and sell them for $85, you still do better than if you had straight redeemed it for USD.