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You can send up to $1,000/month directly from your CCs or GCs, and receive the same amount, which can then be withdrawn to your bank account.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 1122919 times)

Offline Fefferkorn

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1060 on: August 29, 2012, 10:39:27 PM »

Offline Lamdan

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1061 on: August 29, 2012, 10:55:31 PM »
I just opened an Amazon Payments account and purposely entered the SSN with one number off...
Will this affect the usage of the account in any way?
Does this mean one can open up a bunch of bogus accounts with them and use them no problem?

PS. Sorry can't read through 70 pages it's 3:30am...
Good question. Does anyone know the answer. I don't think it has been discussed b4 on this thread.
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Offline JamesIV

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1062 on: August 30, 2012, 01:20:48 AM »
I trouble creating ap accounts for some people. I submit all the info, and verified bank accounts but the "limits page" still shows $500 limit for not verifying bank accounts. But I have a verified bank account. It's weirder because I can't accept payments with the account but I can send them. When I send, it doesn't subtract from the $500 sending/recieving amount, but it does subtract from the $1,000 CC send/recieve amount.
THis has happened on 3 accounts so far,
Any ideas?
I am having the same problem. Made an account, sent 1000, but when I try to send $ to the account it says: "Important Message:
The recipient cannot receive this payment. Please contact them to find out why."

Offline AsherO

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1063 on: August 30, 2012, 02:07:17 AM »
I am having the same problem. Made an account, sent 1000, but when I try to send $ to the account it says: "Important Message:
The recipient cannot receive this payment. Please contact them to find out why."

Might have to do with limits. Acountholder might have to verify something (e.g. bank acct) to get to $1k monthly limit.
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Offline Saver2000

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1064 on: August 30, 2012, 02:31:33 AM »
I am having the same problem. Made an account, sent 1000, but when I try to send $ to the account it says: "Important Message:
The recipient cannot receive this payment. Please contact them to find out why."
I'm getting that same message for the last 3 weeks. I have $256 left to send before months end.

Might have to do with limits. Acountholder might have to verify something (e.g. bank acct) to get to $1k monthly limit.
I've been using the account for 2 months and no problems.  This month I already sent about $750 - and only then starting getting the error message.  :( (so I don't think limits is the issue )

Offline JamesIV

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1065 on: August 30, 2012, 11:26:12 AM »
Might have to do with limits. Acountholder might have to verify something (e.g. bank acct) to get to $1k monthly limit.
The limits page showed that it could receive 1000.
But took your advice added a bank account, verified it, now all works :)

Offline dirah

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1066 on: August 30, 2012, 09:03:57 PM »
Haven't seen anything conclusive in this thread about transferring between significant others living at the same address.
Do I risk getting shut down if I do this?

Offline JamesIV

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1067 on: August 30, 2012, 09:19:53 PM »
Haven't seen anything conclusive in this thread about transferring between significant others living at the same address.
Do I risk getting shut down if I do this?

I know this has probably been discussed in the previous 70 pages but I can't find an answer in the search  :),
Am I able to make accounts for parents and siblings then transfer 1,000 monthly between them from a bunch of my own different credit cards?
Yes, it's worked for myself and many others.

Offline Fefferkorn

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1068 on: September 06, 2012, 01:47:23 PM »
I just withdrew some funds from AP to my bank account (BofA).
Does anyone know how long it takes to actually hit the bank account?
On AP the status shows "Completed"...

Offline Yaalili

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1069 on: September 06, 2012, 02:53:56 PM »
I just withdrew some funds from AP to my bank account (BofA).
Does anyone know how long it takes to actually hit the bank account?
On AP the status shows "Completed"...

For me, i withdraw to apple bank and it takes less than 24 hours.

Offline Fefferkorn

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1070 on: September 06, 2012, 02:54:42 PM »
For me, i withdraw to apple bank and it takes less than 24 hours.
I did it last night after midnight... I guess I should expect it tomorrow...

Offline Shmelly

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1071 on: September 06, 2012, 02:56:01 PM »
I just withdrew some funds from AP to my bank account (BofA).
BofA takes 2 days for me. Chase takes 1.
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Offline Fefferkorn

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1072 on: September 06, 2012, 03:20:54 PM »
BofA takes 2 days for me. Chase takes 1.
I did it last night after midnight... I guess I should expect it tomorrow...
Correction: I did it after midnight EST but they go by PST so it actually was still before midnight for AP.
So when you say 1 day or 2 days, is the cuttoff time midnight?

Offline Shmelly

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1073 on: September 06, 2012, 03:59:42 PM »
Dunno, never paid such close attention, doesn't really matter to me.
You have brains in your head. You have feet in your shoes. You can steer yourself any direction you choose. - Dr. Seuss

Offline HelpMe

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1074 on: September 06, 2012, 04:10:27 PM »
Dunno, never paid such close attention, doesn't really matter to me.
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Offline sal2011

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1075 on: September 09, 2012, 02:40:52 AM »
reading almost 57 pages of posts just on this topic it seems that after receiving money through ap you can have it added to ur bank acount (plz crct me if im wrong )and that is free but wen i checked out the websit tc on ap its says somethin bout$10  fee for withdrawel to bank account did i missunderstand (a nooobie mistake maybe?? :-\) :-X

Offline Drago

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1076 on: September 09, 2012, 06:02:30 AM »
reading almost 57 pages of posts just on this topic it seems that after receiving money through ap you can have it added to ur bank acount (plz crct me if im wrong )and that is free but wen i checked out the websit tc on ap its says somethin bout$10  fee for withdrawel to bank account did i missunderstand (a nooobie mistake maybe?? :-\) :-X
Never heard of it...

Offline sal2011

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1077 on: September 09, 2012, 09:07:56 AM »
here i copied from there website
There are no fees charged for withdrawing funds from your Amazon Payments account, but there are minimum transfer amounts:
Minimum of $1.00 for Amazon.com Gift Certificate withdrawals
Minimum of $10.00 for bank account withdrawals
wat does that mean :-[

Offline sal2011

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1078 on: September 09, 2012, 09:11:07 AM »

Offline bubbles

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Earn miles/points with Amazon payments using a credit card
« Reply #1079 on: September 09, 2012, 09:23:06 AM »
It just means that you can't withdraw less than $10 to a bank account at a time