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You can send up to $1,000/month directly from your CCs or GCs, and receive the same amount, which can then be withdrawn to your bank account.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 1122713 times)

Offline HelpMe

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #380 on: December 24, 2011, 11:57:41 PM »
Claim what on taxes?  Just because you get a 1099 does not mean you can't deduct everything as old items sold at a loss.
If you receive a 1099k this amount must be entered (schedule C) when you file your taxes. If you have expenses you also enter them. It is not like I received 50k and the items cost me 51k so I just forget about the 1099k since I had a 1k loss. 

I did not know members here were actually buying items and selling them for a lost. I thought they were doing this to meet spending requirements and to harvest points/miles.
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Offline ANONYMOUS

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #381 on: December 25, 2011, 08:47:10 AM »
I HAVE A QUESTION, IF I NEED LETS SAY $80,000 CASH & I HAVE A CREDIT CARD WITH A $100,000 LIMIT, DO YOU KNOW OF ANYWAY TO GET CASH OUT OF THE CARD WITHOUT GOING TO AN ATM B/C OF HIGH INTEREST RATES THAT OCCUR WHEN YOU TAKE STRAIGHT CASH OUT???

I WOULD REALLY APPRECIATE ANY ADVICE! THANKS!

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #382 on: December 25, 2011, 08:51:12 AM »
Square will cost you 2.75%
Other options are multiple Venmo/amazon payments accts
״וזה כלל גדול: שישנא אדם כל דבר שקר. וכל מה שיוסיף שנאה לדרכי השקר – יוסיף אהבה לתורה.״ - אורחות צדיקים

Offline ANONYMOUS

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #383 on: December 25, 2011, 08:58:51 AM »
WHAT'S "SQUARE" I HAVE NO PROBLEM PAYING 2.75%! CAN YOU GUIDE ME HOW TO DO IT?

& I DO NOT KNOW WHAT "VENMO" IS?

ALSO I THOUGHT THAT AMAZON PAYMENTS IS ONLY UP TO $1,000?

THANKS FOR YOUR HELP IN THIS MATTER- PLATINUM GUY!
« Last Edit: December 25, 2011, 09:05:31 AM by ANONYMOUS »

Offline ANONYMOUS

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #384 on: December 25, 2011, 09:07:19 AM »
Square will cost you 2.75%
Other options are multiple Venmo/amazon payments accts

Offline Red

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #385 on: December 25, 2011, 09:18:38 AM »
I HAVE A QUESTION, IF I NEED LETS SAY $80,000 CASH & I HAVE A CREDIT CARD WITH A $100,000 LIMIT, DO YOU KNOW OF ANYWAY TO GET CASH OUT OF THE CARD WITHOUT GOING TO AN ATM B/C OF HIGH INTEREST RATES THAT OCCUR WHEN YOU TAKE STRAIGHT CASH OUT???

I WOULD REALLY APPRECIATE ANY ADVICE! THANKS!
WHAT'S "SQUARE" I HAVE NO PROBLEM PAYING 2.75%! CAN YOU GUIDE ME HOW TO DO IT?

& I DO NOT KNOW WHAT "VENMO" IS?

ALSO I THOUGHT THAT AMAZON PAYMENTS IS ONLY UP TO $1,000?

THANKS FOR YOUR HELP IN THIS MATTER- PLATINUM GUY!

Do you mind toning it down with the caps?  ???

Online AsherO

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #386 on: December 25, 2011, 09:19:58 AM »
Do you mind toning it down with the caps?  ???

+1

There's no reason to SCREAM, we can 'hear' you just fine when you write in lower case.
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Offline ANONYMOUS

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #387 on: December 25, 2011, 09:22:02 AM »
No Problem!

I Apologize!

Offline HelpMe

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #388 on: December 25, 2011, 11:45:47 AM »
I HAVE A QUESTION, IF I NEED LETS SAY $80,000 CASH & I HAVE A CREDIT CARD WITH A $100,000 LIMIT, DO YOU KNOW OF ANYWAY TO GET CASH OUT OF THE CARD WITHOUT GOING TO AN ATM B/C OF HIGH INTEREST RATES THAT OCCUR WHEN YOU TAKE STRAIGHT CASH OUT???

I WOULD REALLY APPRECIATE ANY ADVICE! THANKS!
That is the “Golden Goose” of this game. My guess is it would take at least a year if not more of trust between members for some to reveal this to you if it did exist.
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Offline elikay

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #389 on: December 25, 2011, 11:53:10 AM »
huh?!

Offline ANONYMOUS

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #390 on: December 25, 2011, 11:54:57 AM »
That is the “Golden Goose” of this game. My guess is it would take at least a year if not more of trust between members for some to reveal this to you if it did exist.

I honestly have absolutely no clue what you are referring to or talking about!!!
I wish I would understand!

Offline HelpMe

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #391 on: December 26, 2011, 08:27:09 AM »
I honestly have absolutely no clue what you are referring to or talking about!!!
I wish I would understand!
You are asking on how to turn your CL into cash without the CA fees. It is the same as asking “How do I turn my CL into miles, points or cash back with little or no fees?” Every member wants the answer to this question. For small amounts ways have already been listed. To find ways to do this on a large scale is what everyone wants to know. If someone was to post this on a public forum it would get killed (kill the Golden Goose) in a matter of days. Certain ways are talked about on private forums but only after trust has been built between members that it will not be repeated. IMHO there are members here that belong to private forums and know exactly what I am talking about. 
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Offline DevoiriS

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #392 on: December 26, 2011, 11:18:31 AM »
Are there fees associated with each payment sent/received?

Offline AJK

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #393 on: December 26, 2011, 12:45:15 PM »
Are there fees associated with each payment sent/received?

Using Amazon Payments? No.
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Re: Earn miles/points with Amazon payments using a credit card
« Reply #394 on: December 26, 2011, 01:29:57 PM »
You are asking on how to turn your CL into cash without the CA fees. It is the same as asking “How do I turn my CL into miles, points or cash back with little or no fees?” Every member wants the answer to this question. For small amounts ways have already been listed. To find ways to do this on a large scale is what everyone wants to know. If someone was to post this on a public forum it would get killed (kill the Golden Goose) in a matter of days. Certain ways are talked about on private forums but only after trust has been built between members that it will not be repeated. IMHO there are members here that belong to private forums and know exactly what I am talking about.

I'm NOT looking for a cheap way! I WOULD pay 2.75% or 3%, but I don't want to pay the 15% that the Credit Card Company will charge me for taking out direct cash, let's say from an ATM!!!

So with paying 2.75% or 3% you CANNOT make money or miles on the deal!!!

Offline joeb1

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #395 on: December 26, 2011, 03:41:52 PM »
paypal is 2.9% and ull get points for ising ur cc which should bring the fee down

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #396 on: December 26, 2011, 03:48:34 PM »
paypal is 2.9% and ull get points for ising ur cc which should bring the fee down

Paypal is only 1.9% >100k,  see here for details.

100k through paypal and you're bound to get busted. Also remember that Paypal is now issuing 1099s (>$20k)...
« Last Edit: December 26, 2011, 03:57:28 PM by AsherO »
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Re: Earn miles/points with Amazon payments using a credit card
« Reply #397 on: December 26, 2011, 03:57:41 PM »
100k through paypal and you're bound to get busted. Also remember that Paypal is now issuing 1099s (>$20k)...
It is 20k and 200 transactions. If you do small amounts with PP you can last a long time. Try sending 9.9k at a time and you will get shut down real quick. They did have a 10k per send limit but I am not sure what it is now.
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Re: Earn miles/points with Amazon payments using a credit card
« Reply #398 on: December 26, 2011, 03:58:50 PM »
It is 20k and 200 transactions. If you do small amounts with PP you can last a long time. Try sending 9.9k at a time and you will get shut down real quick. They did have a 10k limit but I am not sure what it is now.

What do you consider 'small'?

If he's making all the 'payments' to one account he might get flagged even for small amounts.
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Re: Earn miles/points with Amazon payments using a credit card
« Reply #399 on: December 26, 2011, 04:41:49 PM »
What do you consider 'small'?

If he's making all the 'payments' to one account he might get flagged even for small amounts.
I would consider under 1k small. You are allowed to have two PP accounts. It would be best to send to as many different accounts that you can. In the past for this kind of activity they would give a warning before a ban.
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