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You can send up to $1,000/month directly from your CCs or GCs, and receive the same amount, which can then be withdrawn to your bank account.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 1122699 times)

Offline skyguy918

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #460 on: January 15, 2012, 11:18:24 AM »
so my friend just got a 1.00 charge @ ap does that make sence? he is doing me a favor and getting >:(

tia!

It's probably not a real charge, just an authorization hold. If it shows up in pending transactions then it's probably nothing to worry about, it'll never go on his bill.

Offline lcyitz

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #461 on: January 15, 2012, 11:59:53 AM »
o.k thanks i think its pending

Offline HelpMe

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"Elvis Has Left The Building"

Offline Armadillo

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #463 on: January 17, 2012, 09:30:14 PM »
I just sent money from one account to two other accounts, logged in on the same computer. The first went through right away and I transfered the money right out. The second says pending and "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." Has anyone got this and should I be concerned?

Offline lcyitz

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #464 on: January 17, 2012, 10:11:27 PM »
I got that and it went thru, Normal afaik

Offline Avid Reader

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #465 on: January 17, 2012, 10:12:27 PM »
I've gotten similar. Transferred money to an account. Then withdrew it to checking account. But the withdrawal never took place, and instead they closed both payment accounts.

Offline AsherO

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #466 on: January 17, 2012, 10:21:00 PM »
I've gotten similar. Transferred money to an account. Then withdrew it to checking account. But the withdrawal never took place, and instead they closed both payment accounts.

You got a refund or lost the funds? Presumably the former...
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Offline Avid Reader

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #467 on: January 17, 2012, 10:34:31 PM »
Presumably the former...
yes, thankfully!! If only AP takes over PayPal in a good way, we'll be in good shape.

EDIT: They never charged the card AFAIK.

Offline AsherO

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #468 on: January 17, 2012, 10:37:01 PM »
If only AP takes over PayPal in a good way, we'll be in good shape.

Unlikely (unless they buy eBay), Paypal is a cash cow for eBay, and is probably what has kept eBay afloat all these years.
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Offline Fan of Dan

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #469 on: January 17, 2012, 10:58:19 PM »
I got that and it went thru, Normal afaik
sometimes it says that and about twenty secs later it clears. otherwise wait a few hours and do not be concerned.

Offline AsherO

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #470 on: January 19, 2012, 12:50:05 AM »
Unlikely (unless they buy eBay), Paypal is a cash cow for eBay, and is probably what has kept eBay afloat all these years.

Obligatory ITYS:

Quote
PayPal revenue for the quarter increased 28% year over year driven primarily by continued merchant and consumer adoption as well as increased penetration on eBay. In the fourth quarter, revenue from PayPal’s international markets exceeded revenue from the U.S. for the first time. PayPal’s net total payment volume (TPV) grew 24% to $33.4 billion in the fourth quarter of 2011. PayPal brought in $1.2 billion for the quarter, up 29 percent.

(source)
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Re: Earn miles/points with Amazon payments using a credit card
« Reply #471 on: January 19, 2012, 03:23:42 PM »
Thanks everybody. It cleared a few hours later.

Offline Saver2000

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #472 on: January 22, 2012, 12:08:33 AM »
I used AP recently for the first time.  When I withdraw the money it asks me for a license number.
Anybody know the purpose of that? Do they match it against the bank account?
Also, if I use the same license number with two different AP accounts,  will that trigger anything?
Thanx

Offline bubbles

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Earn miles/points with Amazon payments using a credit card
« Reply #473 on: January 22, 2012, 12:19:30 AM »
I used AP recently for the first time.  When I withdraw the money it asks me for a license number.
Anybody know the purpose of that? Do they match it against the bank account?
Also, if I use the same license number with two different AP accounts,  will that trigger anything?
Thanx

I made mine up (just make sure the format is correct) and haven't had any issues

Offline Saver2000

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #474 on: January 22, 2012, 12:39:22 AM »
I made mine up (just make sure the format is correct) and haven't had any issues

Thanx. Will try that. 

Offline newtothegame

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #475 on: January 24, 2012, 12:10:32 PM »
if you continue reading about amazon tax disclosure

Will you file Form 1099-K for my seller account if I only exceed one of the two thresholds?
No. Unless you exceed both thresholds ($20,000 in gross sales and 200 transactions) we will not file Form 1099-K for you.
If I have multiple

so it seems as long as you don't exceed 200 transaction you should be fine!

Offline bubbles

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #476 on: January 24, 2012, 12:28:26 PM »
if you continue reading about amazon tax disclosure

Will you file Form 1099-K for my seller account if I only exceed one of the two thresholds?
No. Unless you exceed both thresholds ($20,000 in gross sales and 200 transactions) we will not file Form 1099-K for you.
If I have multiple

so it seems as long as you don't exceed 200 transaction you should be fine!

that has been mentioned already but I guess doesn't hurt to make sure everyone realized

Offline Fan of Dan

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #477 on: January 26, 2012, 12:41:09 AM »
Having trouble recieving a payment. I got about 975 this month to my acct and when I tried getting another 500 sent to same acct got error message that I cannot receive the funds. My account is in good standing and in the past I got over 1k into my acct with cc so not sure what the issue is.

Offline Saver2000

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #478 on: January 26, 2012, 12:58:44 AM »
Having trouble recieving a payment. I got about 975 this month to my acct and when I tried getting another 500 sent to same acct got error message that I cannot receive the funds. My account is in good standing and in the past I got over 1k into my acct with cc so not sure what the issue is.

You sure you got more than $1k in the same calendar month?

Offline Drago

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #479 on: January 26, 2012, 01:16:09 AM »
I'd like to sign up for another account to speed up meeting my spending req, and I'd like to hear from ppl how many AP accounts they have opened, and still remain open w/ no problems. Currently, I have mine, my wife's, and my mothers at the same address, linked to 3 diff bank accounts. (My US mailing address is my parents house)

And b/f ya'll start yelling at me to look back in the thread, I want to hear what ppl's current situation is. Not what is was back in November.

Thanks