Topic Wiki

DEAD - 10/13/14

READ THE WIKI! IT IS VERY CLEAR!

The Basics:

You can send up to $1,000/month directly from your CCs or GCs, and receive the same amount, which can then be withdrawn to your bank account. (No, you don't withdraw the money to your CC or GC.) These limits reset on the 1st of the calendar month at 12am Pacific Time.

Setup:

1. Although AP requires a SSN, you will not get a hard pull against your credit. You will not get a 1099-K unless you are receiving over $20k per year AND have done 200 transactions.

2. The driver's license number on the account need not be a real number, only the same format.

3. You need to connect and verify a bank account to be able to send $1,000/month. Otherwise, only $500 will be allowed. (Also, you will have difficulty withdrawing money to your bank account if it is not connected to your account.)

4. Verification can sometimes be instant if you log into your bank account through Amazon, but sometimes (particularly with smaller banks or CUs, it seems) the only working option is to allow AP to make two small deposits to you account (less than a dollar, often much less) and then reporting the exact amounts thereby verifying that the account is yours. (If you want to use AP as described here, don't even think about trying to profit from the small deposits by opening up a ton of accounts. You have been warned.)

5. The receiver account must add a credit card to be able to capture the funds sent.

Sending Money

1. Make sure to select "Goods and Services" when sending money. This is important so that the transaction codes as a purchase (for which you will get CC points/miles) and not a cash advance (for which you will not).

2. For some reason, when sending the value from GCs, AP will often prevent the full value from being sent unless, when connecting the GC with your account, you first enter the wrong expiration date and then change it to the correct one. <blinkblink>... <shrug>... but it works.  Or wait a week after putting the GC into your account for the hold to be removed from the funds.

3. And no, Amazon Gift Card balance cannot be used with Amazon Payments.

Multiple accounts:

1. It is highly recommended not to access both accounts of a transaction from the same IP address. Please see the IP Information section below for more... IP Information.

2. Most people didn't have problems opening two accounts per SSN even if they link to the same bank account, but it is risky to send money back and forth between them. Some report a similar risk with sending or receiving with a spouse who has the same bank account linked to their account.

3. Sending money using the same CC from different accounts is a known cause of shutdown.

Error messages and potential delays

1. If you get a message stating "We are unable to complete your transaction until further review. It can take up to 24 hours to complete this transaction. We apologize for any inconvenience this delay may cause," relax and be patient. It is perfectly normal.

2. Withdrawals are never authorized immediately. Be patient. It usually doesn't even take a full day. Likewise it's perfectly normal for you to get a message that your withdrawal has succeeded but it doesn't show up in your bank account yet even as pending. It will be there soon. Be patient.

3. Verifying a bank account via the deposit method can take a few days. Please anticipate and account for the extra time needed for the deposit method if you are planning to set up and use an account for the first time late in the month.

IP Information:

1. To check the IP address of the device you're using, Google "how to check my IP address"

2. All devices using the same WiFi router have the same IP address.

3. A computer connected to the Internet with a router has a different IP than it does if connected to the Internet without a router.

4. Browsing incognito or in private mode does not change your IP address.

5. To change the IP address of a computer, turn off the computer, wait a few minutes, then turn it back on. Check if you have a new IP address. If not, turn it off for 8+ hours (overnight or something) and check again. You will likely have a new IP address.

6. On a phone or other device (with it's own data) switch WiFi off. To change IP addresses, switch to 'airplane mode' and switch back and you will usually have a new IP address. Note: If your phone or tablet has WiFi only, it will always have the same IP address as other devices that connect through the same WiFi.


PBaruch's suggestions:

1. It is no longer generally considered safe to have multiple AP accounts for the same person.  Yes, there are exceptions and some people have had luck but I would caution against it.  If you are the reckless type go to number 2 below.  If not, please proceed to number 3 below.

2. If you do decide to try your luck and open 2 or more AP accounts for the same person, do not send $ back and forth between these two accounts.

3. Do not send $ back and forth between people in the same household.  Again, there are exceptions and some people have had luck but it is a trigger for a shutdown.  The way AP views it is if you are in the same household, give em cash. 

4. If there are multiple AP users in the same household, do NOT use the same IP address.  If you do, be warned.  You will very likely be shut down.

5. If you are shut down, you may have luck reopening your AP account by varying the spelling of your name and changing your address. 

6. If you want to send $ to a spouse, it helps if he/she has a different last name and address.

7. I would caution against any complete circles or triangles.  For instance, do not send A-B-C-A.  Rather, send A-B-C-D.

8. If you need bank accounts to link to AP, it is VERY easy to open multiple accounts (with no fee) by using Capitol One 360: https://home.capitalone360.com/ (Be aware that this is likely a hard pull.)

9. Do NOT do instant account verification. Let them send deposits instead to verify the account.  By doing so, I do not believe that they know who owns the account. This may be useful if you use some of my other suggestions.

These are my suggestions based upon personal experience and my gleaning of other posts.

Poll

Were you shut down?

Yes, but i got it back! :)
7 (2.9%)
Yes. :(
55 (22.5%)
No, B"H!  :)
149 (61.1%)
Yes and No (I have more then 1 account)
33 (13.5%)

Total Members Voted: 244

Author Topic: Amazon Payments Master Thread (RIP 10/13/14)  (Read 708947 times)

Offline bem684

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Re: Amazon Payments
« Reply #45 on: July 26, 2011, 03:38:01 PM »
Also we have the same last name but I'm in NY and he's in NJ so clearly not the same address.  Will sending money to an account with the same last name cause me a problem?

Offline compddd

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Re: Amazon Payments
« Reply #46 on: July 26, 2011, 03:40:14 PM »
I live with my girlfriend and I have been sending her $1000 from my CCs every month through Amazon Payments since April, no problems so far.

Offline i3ond

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Re: Amazon Payments
« Reply #47 on: July 26, 2011, 03:55:35 PM »
Code: [Select]
I am personally pushing the limits on amazon payments. I think I have 6 accounts under my name that I recycle my money through. Note* Each has a different card and different bank.  Dont link a card to more than 1 account.  One account has had a transaction back and forth which caused a flag. But because of my amazon activity and seller account it was allowed through. Pretty Lucky.   
Perfection is my goal, excellence will be tolerated.

Offline 3ZeroT

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Re: Amazon Payments
« Reply #48 on: July 26, 2011, 04:08:19 PM »
I am personally pushing the limits on amazon payments. I think I have 6 accounts under my name that I recycle my money through. Note* Each has a different card and different bank.  Dont link a card to more than 1 account...

6 here for my spouse and I each too.  I tried opening a 7th account on two different occasions and it was immediately closed when I sent a payment.   But they left the other 6 (pairs) alone.  So I found that interesting.  I have a couple accounts with the same bank account information but it doesn't seem to have caused a problem.

Offline scwam

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Re: Amazon Payments
« Reply #49 on: July 26, 2011, 06:02:48 PM »
Ques
How do you plan on adding your credit card when your name is wrong ?  Just what ever you do, DO NOT send money in a circle between two accounts.  The transactions will be flagged for approval.

So if I send money from an account that is an authorized user name on my credit card to an amazon account with my name, that won't work?

Offline Nitantnel

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #50 on: August 03, 2011, 01:31:36 PM »
I sned money to my 'brother' and deposited the money in his bank account - which is controlled by me - within five minutes, is it risky? Should I leave it for longer? Also, is sharing a home address an issue or not?

Offline schneury

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #51 on: August 04, 2011, 05:50:16 PM »
The $1000/month limit is just for sending or also for receiving?
can I send 1k and also receive 1k?
Thanks

Offline Avid Reader

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #52 on: August 04, 2011, 10:01:29 PM »
The $1000/month limit is just for sending or also for receiving?
can I send 1k and also receive 1k?
Thanks
1k for each. You can do them both.

Offline Swizard210

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #53 on: August 09, 2011, 03:59:07 AM »
I have a friend who made a new account for Amazon Payments, and he has activated/verified his email address, linked a bank account, and added a credit card, yet, his Total Monthly Limits still show $500 where as my account where I have done the same things shows "Unlimited".  Has Amazon made a change?  Or does it just take time to process or is it after a month it will get updated?  He has had the account since sometime last month.

Offline Nitantnel

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #54 on: August 09, 2011, 01:04:46 PM »
I have a friend who made a new account for Amazon Payments, and he has activated/verified his email address, linked a bank account, and added a credit card, yet, his Total Monthly Limits still show $500 where as my account where I have done the same things shows "Unlimited".  Has Amazon made a change?  Or does it just take time to process or is it after a month it will get updated?  He has had the account since sometime last month.

+1

Offline irleetnoob

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #55 on: August 14, 2011, 01:06:33 AM »
Curious, do we know if the $1000 limit goes by calendar months or 30 days after the $1000 limit is reached?

Offline elikay

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #56 on: August 14, 2011, 01:14:29 AM »
Curious, do we know if the $1000 limit goes by calendar months or 30 days after the $1000 limit is reached?
Calendar month

Offline Yellow

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #57 on: August 14, 2011, 01:16:03 AM »
Can people send money using visa gift cards?

Offline Swizard210

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Earn miles/points with Amazon payments using a credit card
« Reply #58 on: August 14, 2011, 09:16:58 AM »
Can people send money using visa gift cards?
+1

Offline ye

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #59 on: August 14, 2011, 09:52:21 AM »
Can people send money using visa gift cards?
Yes