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You can send up to $1,000/month directly from your CCs or GCs, and receive the same amount, which can then be withdrawn to your bank account.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 1122822 times)

Offline HelpMe

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1100 on: September 10, 2012, 07:57:14 PM »
For what most do here it will not matter. If I have to take a guess I would say anything over 7 years AAoA will not increase your score.
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Offline meshugener

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1101 on: September 10, 2012, 08:47:25 PM »
Most of the time CC issuers don't look on your FICO, (especially Chase), they view on your report, not score, as the score is only a mirror that reflects what your report says.
And even those who view your FICO, don't base their decision on that itself, they also review your report (for example, I just did an AMEX app for a friend who had. FICO of 760 but still got declined "because the problems they had with his report overweight the positive effect of his FICO" - Amex Rep and average age of credit was [one of] their concern).
So is this what you didn't know?
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Offline HarryPotterFan

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1102 on: September 10, 2012, 09:41:11 PM »
Anyone have any experience with how US Bank Credit Cards treats Amazon payments?

Offline DoGo

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1103 on: September 10, 2012, 11:26:27 PM »
@dan: can i send 1000 to my wife’s paypal account (under her maiden name).. And should she claim from same computer putting it into our account?

Offline Fan of Dan

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1104 on: September 11, 2012, 01:37:57 AM »
Anyone have any experience with how US Bank Credit Cards treats Amazon payments?
Set up zero cash advance should help just in case.

Offline Smartypantz

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1105 on: September 11, 2012, 10:38:52 AM »
Tried searching for this and did not see an answer......how do i make a payment from my credit to my bank account without using the same name on both??

Offline HelpMe

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1106 on: September 11, 2012, 10:55:24 AM »
Most of the time CC issuers don't look on your FICO,
The more you post the more you show how clueless you are when it comes to this subject. It is not your fault, most kids your age think they know everything.  :P
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Offline meshugener

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1107 on: September 11, 2012, 11:05:33 AM »
Do you really wnt me to show you in public all the posts you posted that shows how clueless you are?
You didn't have enough time in you 85 year of life to learn?
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Offline HelpMe

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1108 on: September 11, 2012, 11:09:18 AM »
Do you really wnt me to show you in public all the posts you posted that shows how clueless you are?
Sure go right ahead but do it in JS where all your posts should be.  ;D

Start with the Citi thread were you can transfer TYP's to airlines.   :P
« Last Edit: September 11, 2012, 11:13:03 AM by HelpMe »
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Offline Shmelly

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1109 on: September 11, 2012, 11:10:32 AM »
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 #1110 on: September 11, 2012, 11:32:01 AM »
Most of the time CC issuers don't look on your FICO, (especially Chase), they view on your report, not score...

They will use an automated score or decision which will use the same factors that go into you FICO score, although possibly weighed differently for their particular bank's risk model in giving you a credit card (vs some other bank giving you a mortgage or auto loan).   The factors that go into a FICO score are very relevant even if they don't use the exact FICO model.

Offline meshugener

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1111 on: September 11, 2012, 11:52:13 AM »
Not right.
If FICO doesn't make any difference between a 10yr old and a 30yr old age of credit, it might still make a difference when a lender look into your 'report' and see oh this guy has a history of 30 years!
Get my point?
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Offline meshugener

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1112 on: September 11, 2012, 12:03:48 PM »
And to you, HelpMe, here you go:
The check will have his name on it.

I am waiting for the day you post something that is correct. Have you ever tried Chase billpay?

I now have a Chase billpay in front of me that has the name of the sender printed on it.
Need more?
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Offline Smartypantz

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1113 on: September 11, 2012, 12:46:59 PM »
Tried searching for this and did not see an answer......how do i make a payment from my credit to my bank account without using the same name on both??

anyone?

Offline meshugener

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1114 on: September 23, 2012, 01:47:00 PM »
These guys are getting serious, i have a soft pull on my EX credit report from Amazon Payments!
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Offline Bettracker

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1115 on: September 23, 2012, 01:48:05 PM »
These guys are getting serious, i have a soft pull on my EX credit report from Amazon Payments!

How is that?

Offline meshugener

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1116 on: September 23, 2012, 01:52:46 PM »
How is that?
eleborate your comments, please.
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Offline Bettracker

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1117 on: September 23, 2012, 01:55:36 PM »
eleborate your comments, please.

How does Amazon Payments have a right to do a pull? your not applying for a CC or something. What exactly are you doing that is so questionable?

Offline JEWDA

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1118 on: September 23, 2012, 02:22:52 PM »
How does Amazon Payments have a right to do a pull? your not applying for a CC or something. What exactly are you doing that is so questionable?
These guys are getting serious, i have a soft pull on my EX credit report from Amazon Payments!
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Offline meshugener

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1119 on: September 23, 2012, 02:28:45 PM »
from my recent experience with them, I see they're getting damn sophisticated.
no monkey business anymore.
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