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You can send up to $1,000/month directly from your CCs or GCs, and receive the same amount, which can then be withdrawn to your bank account.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 1122935 times)

Offline joeb1

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #320 on: December 06, 2011, 12:10:17 AM »
no refund it and itll go to the original card..u only lose the spending points not the bonus however ymmv if theyll clawback the bonus

Offline Lamdan

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #321 on: December 06, 2011, 12:52:52 AM »
FWIW, if you were using less-than-accurate information in your AP account, you can "X" out of the verification popup and still send money.  I'm assuming this is only for a limited time and at some point you won't be able to continue without entering the required information.
i think december 26 you won't be able to x anymore as it seems from this letter posted earlier in this thread.

Greetings from Amazon Payments,

Beginning with the 2011 tax year, new IRS regulations require Amazon Payments to file a Form 1099-K for sellers who exceed $20,000 in unadjusted gross sales and 200 transactions in a calendar year. To assist us in complying with these regulations, we're requiring all Checkout by Amazon sellers, regardless of sales volume, to provide their tax identity information.

To help protect the security of your taxpayer identification information, please do not disclose it by e-mail or over the phone. Please enter your tax information in your seller account using a short interview process that can be accessed from the Settings tab. Click Account Info, and then edit the information in the Legal Entity section. To be a Checkout by Amazon seller, you must be a permanent U.S. resident, U.S. citizen, or U.S.-registered company with a substantial U.S. presence.

Please provide your tax identity information to Amazon Payments as soon as possible to prevent disruption to your seller account. If the required information isn't provided to Amazon Payments by December 26, 2011, your Checkout by Amazon selling privileges will be suspended until you provide the information.

For additional information about entering your tax information, see answers to frequently asked questions:

https://sellercentral.amazon.com/gp/help/200771510

Learn more about the regulations and Form 1099-K at the IRS website:

http://www.irs.gov/govt/fslg/article/0,,id=226894,00.html

Important Notice: Information in this document does not constitute tax, legal, or other professional advice. To find out how this new legislation will affect your business, or if you have other questions, please contact your tax, legal, or other professional advisor.


Best regards,

Amazon Payments
https://payments.amazon.com

This is an automated e-mail message. Please do not respond to it.
To contact our Seller Support team, click the Contact Seller Support link at the bottom of any seller Help page.



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Offline Lamdan

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #322 on: December 06, 2011, 01:12:56 AM »
found this on amazon's website.

What is the deadline for providing the required information?

Business account holders have until December 26, 2011 to provide the information. Personal account holders have until December 31, 2011.
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Offline HelpMe

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #323 on: December 06, 2011, 01:26:11 AM »
What can I expect from Amazon?
Beginning in 2011, sellers who exceed 50 transactions in a calendar year, regardless of sales volume, will be required by Amazon to provide taxpayer identification information to Amazon. If the required information is not provided to Amazon by December 26, 2011, your Amazon selling privileges will be suspended until you provide the information.

Do the new regulations apply to all Amazon sellers?
Yes, however at this time only sellers that exceed 50 transactions in a calendar year, regardless of sales volume, will be required to provide taxpayer identification information to Amazon.
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Offline Shmelly

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #324 on: December 06, 2011, 09:07:18 PM »
FYI this new reporting law is not just for AP. I got this notice on both of my business PayPal accounts, both my Amazon seller accounts, and my eBay seller account.
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Offline joeb1

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #325 on: December 08, 2011, 03:05:28 PM »
just got the email from ap:'

Dear Amazon Payments customer,
As a result of changes to federal regulations, we now require all Amazon Payments accountholders to provide a Tax Identification Number (TIN). For customers with Personal Accounts, your TIN is your Social Security Number.
From December 31st 2011, accounts without an associated TIN will no longer be able to receive incoming funds. We apologize for any inconvenience this may cause.
To provide your TIN, and to ensure that the name and address on file are complete and accurate, please visit www.amazonpayments.com and log in. You will be guided through a short process to ensure that you continue to have access to all the features of your account.
To help protect the security of your taxpayer identification information, please do not disclose it by e-mail or over the phone.
For additional information see answers to frequently asked questions:
https://payments.amazon.com/sdui/sdui/helpTab?ref_=pe_187280_21965770
Important Notice: Information in this e-mail does not constitute tax, legal, or other professional advice. To find out how this new legislation will affect your business, or if you have other questions, please contact your tax, legal, or other professional advisor.
Best regards,
Amazon Payments
https://payments.amazon.com

Offline yitzf

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #326 on: December 09, 2011, 03:06:48 AM »
just got the email from ap:'

Dear Amazon Payments customer,
As a result of changes to federal regulations, we now require all Amazon Payments accountholders to provide a Tax Identification Number (TIN). For customers with Personal Accounts, your TIN is your Social Security Number.
From December 31st 2011, accounts without an associated TIN will no longer be able to receive incoming funds. We apologize for any inconvenience this may cause.
To provide your TIN, and to ensure that the name and address on file are complete and accurate, please visit www.amazonpayments.com and log in. You will be guided through a short process to ensure that you continue to have access to all the features of your account.
To help protect the security of your taxpayer identification information, please do not disclose it by e-mail or over the phone.
For additional information see answers to frequently asked questions:
https://payments.amazon.com/sdui/sdui/helpTab?ref_=pe_187280_21965770
Important Notice: Information in this e-mail does not constitute tax, legal, or other professional advice. To find out how this new legislation will affect your business, or if you have other questions, please contact your tax, legal, or other professional advisor.
Best regards,
Amazon Payments
https://payments.amazon.com
notice you can still send w/o a SSN just cant receive, so this shouldn't be to much of an issue, just give your SSN for one account .

Offline AsherO

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #327 on: December 09, 2011, 03:16:34 AM »
notice you can still send w/o a SSN just cant receive, so this shouldn't be to much of an issue, just give your SSN for one account .

Not so simple. If you've got multiple receiving accounts you'll have an issue, and if you want to create a new account they might not let you do it without providing an SSN.
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Offline yitzf

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #328 on: December 09, 2011, 11:17:29 AM »
Not so simple. If you've got multiple receiving accounts you'll have an issue, and if you want to create a new account they might not let you do it without providing an SSN.
can anyone confirm if they recently (after AP started asking for your SSN) opened an account w/o giving their SSN?

Offline bubbles

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #329 on: December 09, 2011, 11:18:32 AM »
can anyone confirm if they recently (after AP started asking for your SSN) opened an account w/o giving their SSN?

yes

Offline rosie5442

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #330 on: December 09, 2011, 12:02:24 PM »
Opened an account yesterday and I had to give ss or I couldn't continue

Offline yitzf

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #331 on: December 09, 2011, 01:03:08 PM »
can anyone confirm if they recently (after AP started asking for your SSN) opened an account w/o giving their SSN?
yes
Opened an account yesterday and I had to give ss or I couldn't continue
hmm? @bubbles when did you open your account?

Offline Avid Reader

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #332 on: December 09, 2011, 01:50:24 PM »
I just opened an accnt without a SSN.

But this probably won't last much longer.

Offline YG

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #333 on: December 10, 2011, 10:36:54 PM »
is there any way to withdraw $ into an account without AP seeing the name on the account when you register it?

Offline good sam

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #334 on: December 10, 2011, 10:38:29 PM »
is there any way to withdraw $ into an account without AP seeing the name on the account when you register it?
No. They won't be able to verify the account without a name.
EDIT: But the name on the account need not match the name on the AP account IME.
If you don't care why would you comment?
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Offline YG

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #335 on: December 10, 2011, 10:55:32 PM »
No. They won't be able to verify the account without a name.
EDIT: But the name on the account need not match the name on the AP account IME.

However, if the last name matches that on the CC that the payment came from, it may be contentious.

Offline ashers

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #336 on: December 13, 2011, 12:16:40 PM »
Do you think they will catch on to the "husband & wife" transfers?
If they have the SS numbers and  we file taxes together ....  ???
it CAN be done!

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #337 on: December 13, 2011, 12:26:18 PM »
I think it won't be long before the whole thing dries up with very strict rules, it's just a matter of time (e.g. dollar coins from the mint). Enjoy it while it lasts.

Offline ashers

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #338 on: December 13, 2011, 12:27:11 PM »
fiigured.....
it CAN be done!

Offline Shmelly

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #339 on: December 13, 2011, 01:18:57 PM »
Do you think they will catch on to the "husband & wife" transfers?
If they have the SS numbers and  we file taxes together ....  ???
Is there anything in the T&C that specifically states you can't transfer money to your spouse?
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