How to Withdraw Amazon Gift Card Balance to Bank Account in India - Mturk

We thought to write this post after getting several queries from our blog visitor saying that cryptocurrency trading is banned in India and no bank is allowing to withdraw money from a cryptocurrency wallet operating in India.

Yes, it's a very plus sign that has come through, something that we have been waiting for nearly two years.  The Supreme Court struck down the curb on cryptocurrency trade in India in the first week of March 2020.

It means a big relief for amazon mturkers who have a gift card enabled account and face a huge loss in converting the gift card to Indian money.

As we saw in the previous post  https://capesys.blogspot.com/2017/11/mturk-amazon-gift-balance-to-indian.html the bitcoin exchange we mentioned in India i.e unocoin is having a huge difference in buying and selling bitcoin, which means we have to wait for the bitcoin value to raise. To avoid this we have identified new exchange which we will let you know in the below post 


In this new post, we focus more on eliminating the waiting time for bitcoin value to grow, by introducing new exchange which will help you to cash out immediately once your bitcoin is transferred from Purse.io

STEP BY STEP GUIDE TO TRANSFER AMAZON GIFT CARD TO INDIA RUPEE 

Over 80% of Amazon Mechanical Turkers live outside the US has no direct deposit to bank option. Turkers get paid through Instant Amazon Gift Card Balance after working on HITS the earnings are not allowed to transfer into local currency. Even if they try to purchase something from amazon, they are not allowed to purchase from amazon's local marketplace. We have to purchase a product only from amazon.com (To ship product from the USA to India or any other country we have to pay huge delivery fee and import fee( For e.g If we have to order a product worth 20$ the total payment to be made is 45$ to 50$) almost 50% of the money is wasted. 

In-order to overcome the problem we have Purse.io and wazrix.com which help transfer Amazon gift card balances to bitcoin and Indian Rupees. Work on HITs to earn Amazon credit and then turn gift card balances into bitcoin and Rupees.

The conversion in bitcoin to rupees has only a minimum loss.

So below are the steps to get started with

STEP: 1: Create an account with Purse  

create an account from the link  Purse user signup

Purse provides you ultimate flexibility in liquidating unused Amazon gift card balance, and allowing you to purchase Bitcoin or Bitcoin Cash using various different forms of payment.

How to Earn Bitcoin By Selling Your Amazon Gift Cards from purse.io?

 After the signup process,

Navigate to “Earn” and browse the available orders. 

Filter by Country and the Amount of Bitcoin you wish to buy.  

Click on an order to preview, then select “Accept Offer”.

Carefully review the amount of BTC you will receive, then press the Purchase button to go to Amazon with the shopper's items added to your cart. 

 

After clicking on Purchase items below amazon.com account will visible

 

Now You will see an option to continue to the checkout on Amazon:

 

Select the same shipping address highlighted during checkout

 

After completing the purchase, copy and paste the Amazon Order ID and hit “submit” on Purse.

 

Once the order has been delivered, the shopper will receive a notification, they will have up to 48 hours after the delivery to check it and confirm the order. Make sure to upload the tracking information as soon as it is available to you. It is also important to mark the orders as gifts during the checkout process, otherwise, shoppers won't be able to return orders on their own and we will have to contact you to provide a return label. 

STEP: 2: Create an account with WAZIRX INDIA

signup here to transfer money directly to an Indian bank account

So now if you to want to transfer the bitcoins into Indian rupee first we have to create an the account in the website signup here to transfer money directly to Indian bank account

Then we have to transfer the bitcoin from purse to WAZIRX wallet (there will be a minimum bitcoin deduction as a fee for the transfer)

Sending Bitcoin from purse.io to wazirx wallet

Here, the sender is purse.io and receiver is wazirx

1. Open your purse.io from account settings select wallet and select withdraw.
2. Copy and paste the recipient’s wallet address (i.e WAZIRX wallet address it looks like 39JJKpPt84P6z6yhfrGSAWPtQwzuiSH2Rk 39JJKpPt84P6zvg3s4GSAWPtQwzuiSH2Rk 39JJKpPt84P6zvg3s4GSAWPtQwzuiSH2Rk) PLEASE DONT DO UNLESS YOU KNOW WHAT YOU ARE DOING
3. Enter how much you want to send and select Next.
4. Carefully check that you’re happy with the details and then Slide to send.

In wazirx.com  we will have an option to transfer the money directly to local banks in India. you can sell the bitcoin from wazirx exchange and withdraw the amount directly to your bank account attached with wazirx

THIS IS A LONG PROCESS BUT DEFINITELY YOU WILL ENJOY THE FRUITFUL OUTCOME AT THE END

NOTE: If anyone requires help in doing the transaction to convert from Amazon a gift card to Indian money, Kindly post your queries via comment or email us at capecisco@gmail.com !! 

 

Advice: Don't give your login credentials of amazon.com, purse.io, wazirx.com to anyone. they may scam you, also don't transfer bitcoin to an unknown wallet address. you will definitely lose your money and the wallet owner is untraceable. 

Do only if you know some basic understanding of cryptocurrency or post your queries in comments, we will help you to resolve your doubts.