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You can send up to $1,000/month directly from your CCs or GCs, and receive the same amount, which can then be withdrawn to your bank account.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 1123015 times)

Offline HelpMe

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #700 on: April 23, 2012, 07:12:10 PM »
Was just looking over my wife's credit report and I noticed there was a soft pull from amazon payments.

I have never supplied them with her SSN, so I was wondering did this happen to anyone else?

What do you think they want?
Can they get your SS# from the CR?
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Offline sky121

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #701 on: April 23, 2012, 07:56:23 PM »
Can I open an Amazon Payments account for a 3 year old?
"Not all who wander are lost"

Offline Drago

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #702 on: April 29, 2012, 02:04:02 PM »
Feel free to point me in the right direction, but is having 2 accounts linked to the same bank account an automatic red flag?
The actual AP accounts are under 2 different names.

Offline oldguy

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #703 on: April 29, 2012, 02:42:35 PM »
Feel free to point me in the right direction, but is having 2 accounts linked to the same bank account an automatic red flag?
The actual AP accounts are under 2 different names.
I have 8 accounts linked to the same bank account and only 2 got closed down what i opened them one 1 day and sent $1k on each to each other.

Offline sky121

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #704 on: April 29, 2012, 03:19:09 PM »
Can the name and social not match?
"Not all who wander are lost"

Offline yitzf

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #705 on: April 29, 2012, 03:21:33 PM »
I have 8 accounts linked to the same bank account and only 2 got closed down what i opened them one 1 day and sent $1k on each to each other.
Are they all real names with SNN's?

Offline Drago

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #706 on: April 29, 2012, 04:15:56 PM »
I have 8 accounts linked to the same bank account and only 2 got closed down what i opened them one 1 day and sent $1k on each to each other.

So you think it's b/c they were opened and funded to each other on the same day, and not sharing the bank account that caused it? (thanks for the data point)


Offline oldguy

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #707 on: April 30, 2012, 02:08:29 PM »
Are they all real names with SNN's?
Yes my own name & SS #.
So you think it's b/c they were opened and funded to each other on the same day, and not sharing the bank account that caused it? (thanks for the data point)
I don't know.

Offline yitzf

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #708 on: April 30, 2012, 02:33:28 PM »
Yes my own name & SS #.
So you had 8 accounts with all the same name address etc. and SSN?

Offline oldguy

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #709 on: April 30, 2012, 02:42:23 PM »
So you had 8 accounts with all the same name address etc. and SSN?
Yes.

Offline Fan of Dan

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #710 on: May 04, 2012, 12:36:00 AM »
I always send money to one of my sisters and last month I gave her one of my cc to pay me with my own cc from her acct. Question is if there is a risk in giving the same cc number to a different person to add to their account and send me money with this month instead on my sister.

Offline Avid Reader

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #711 on: May 04, 2012, 12:38:38 AM »
I always send money to one of my sisters and last month I gave her one of my cc to pay me with my own cc from her acct. Question is if there is a risk in giving the same cc number to a different person to add to their account and send me money with this month instead on my sister.
Risk? Likely, but I've done it many times and so far no issues.

Offline good sam

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #712 on: May 04, 2012, 12:40:33 AM »
I always send money to one of my sisters and last month I gave her one of my cc to pay me with my own cc from her acct. Question is if there is a risk in giving the same cc number to a different person to add to their account and send me money with this month instead on my sister.
It's definitely been done but it's definitely a risk.  You never know when they're gonna start cracking down.  It's probably safer if it's an AU with a different CC number (Amex?)
If you don't care why would you comment?
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Offline yitzf

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #713 on: May 04, 2012, 12:45:21 AM »
I always send money to one of my sisters and last month I gave her one of my cc to pay me with my own cc from her acct. Question is if there is a risk in giving the same cc number to a different person to add to their account and send me money with this month instead on my sister.
IME if the credit card is associated with your amazon [payments?] account then it will flag her account when she adds it.
In other words don't have one CC# on 2 accounts.

Offline Fan of Dan

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #714 on: May 04, 2012, 12:57:06 AM »
IME if the credit card is associated with your amazon [payments?] account then it will flag her account when she adds it.
In other words don't have one CC# on 2 accounts.
it was never added to my account just to one of my sisters and now perhaps on to someone else. I suppose risk is if they see same cc paying me from 2 diff accts, which is major red flag if they notice.

Offline Yitz

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #715 on: May 04, 2012, 07:39:28 AM »
I have 3 accts they do not let me send from 1 to 2 and from 2 to 1 the 3rd I can send to any it has a different address

Offline Shmelly

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #716 on: May 04, 2012, 10:03:38 AM »
IME if the credit card is associated with your amazon [payments?] account then it will flag her account when she adds it.
In other words don't have one CC# on 2 accounts.

My experience is the opposite. I have the same cards on 3 different accounts and use them all without any problem.

Its getting nearly impossible to put together any concrete data points about AP. Everyone's experiences are so different.
You have brains in your head. You have feet in your shoes. You can steer yourself any direction you choose. - Dr. Seuss

Offline 3ZeroT

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #717 on: May 04, 2012, 11:00:49 AM »
Its getting nearly impossible to put together any concrete data points about AP. Everyone's experiences are so different.

That is so true.  I think the longer your accounts have been around the better, and they seem to fall off their radar.  New accounts seem to get more scrutinized.  My wife has 6 older accounts all with her name and address, sending 'herself' money back and forth every month with no problems at all.

Offline oldguy

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #718 on: May 04, 2012, 11:25:14 AM »
That is so true.  I think the longer your accounts have been around the better, and they seem to fall off their radar.  New accounts seem to get more scrutinized.  My wife has 6 older accounts all with her name and address, sending 'herself' money back and forth every month with no problems at all.
+1 i have 8 and only 2 got closed down

Offline askmoses

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #719 on: May 04, 2012, 11:54:14 AM »
Anyone experience your login info all of the sudden not working? And this on multiple accounts?? Tried resetting password but it looks like AP actually blocked it....