Yes, purse is a Scrabble word!

Verb

1. Contract one's lips into a rounded shape

2. Gather or contract into wrinkles or folds; pucker

Noun

1. A container used for carrying money and small personal items or accessories (especially by women)

2. A sum of money spoken of as the contents of a money purse

3. A small bag for carrying money

4. A sum of money offered as a prize