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You can send up to $1,000/month directly from your CCs or GCs, and receive the same amount, which can then be withdrawn to your bank account.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 1122888 times)

Offline sguitarist18

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1220 on: November 25, 2012, 07:57:03 AM »
After some searching, reading through 30 or so pages of this thread, and trying to use google search for the forum as well, I haven't found an answer to this, so:

From what I understand, AP will allow up to $1000 ($500 x 2) a month in payments toward my rent - but will Chase allow that as a charge, or if they investigate, would they consider that a cash advance, and if so, what happens at that point?

Offline A3

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Earn miles/points with Amazon payments using a credit card
« Reply #1221 on: November 25, 2012, 08:01:23 AM »
After some searching, reading through 30 or so pages of this thread, and trying to use google search for the forum as well, I haven't found an answer to this, so:

From what I understand, AP will allow up to $1000 ($500 x 2) a month in payments toward my rent - but will Chase allow that as a charge, or if they investigate, would they consider that a cash advance, and if so, what happens at that point?

You can send 1x $1000 no problem either. When you send it, make sure to click on the "for goods/service" option and not on the "cash advance" option. You will then have zero issues with Chase.

Offline sguitarist18

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1222 on: November 25, 2012, 08:16:03 AM »
That's what I've been doing - I'm just wondering, since a lot of people have said that using AP can trigger a FR, if they'll want to know more about it, and upon investigation, if they'd consider it a cash advance if they knew about it.

Offline MEIR613

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1223 on: November 25, 2012, 08:36:37 AM »
Ok so fine so I don't even see where I can send my money from my visa gift card to a friend it only asks me to add checking don't see anywhere how to fund with CC

I just did some researched. I opened a AP account for my friend and I tried cashing out some GC and when I try to send it. Its giving me an error message. So I tried to send $ to his account and its telling me since he's not registered he needs to accept the payment within 30 days or else the payment will get canceled. So basically you need to get registered so I googled it and there should be a notification button someone that you can accept the payment but I can't find it for the life of me. And I definitely can't find anywhere to register.


 @lifetimedeals - did you recentely open the account?

Anyone want to chime on this. 


Offline churnbabychurn

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1224 on: November 25, 2012, 10:56:16 AM »
you made an error somewhere, a typo or something, go back and start again

Offline MEIR613

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1225 on: November 25, 2012, 11:20:04 AM »
you made an error somewhere, a typo or something, go back and start again

Start what again? I tried 100Xs to send the money from the new account + when I sent $to the new account it gave me a message about the unregister thing

Offline askmoses

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1226 on: November 25, 2012, 12:12:34 PM »
Start what again? I tried 100Xs to send the money from the new account + when I sent $to the new account it gave me a message about the unregister thing
So either his account his blocked or your trying to send more then $500 from an account w/out bank account/CC linked (which pushes limits to 1k) or he hasn't added a Bank account/CC or verified his account.

Offline sguitarist18

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1227 on: November 25, 2012, 01:54:14 PM »
Sorry to bump this, but I want to make sure I know how this might hit me:

After some searching, reading through 30 or so pages of this thread, and trying to use google search for the forum as well, I haven't found an answer to this, so:

From what I understand, AP will allow up to $1000 ($500 x 2) a month in payments toward my rent - but will Chase allow that as a charge, or if they investigate, would they consider that a cash advance, and if so, what happens at that point?

You can send 1x $1000 no problem either. When you send it, make sure to click on the "for goods/service" option and not on the "cash advance" option. You will then have zero issues with Chase.

That's what I've been doing - I'm just wondering, since a lot of people have said that using AP can trigger a FR, if they'll want to know more about it, and upon investigation, if they'd consider it a cash advance if they knew about it.

Offline Yehoshua

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1228 on: November 25, 2012, 11:55:28 PM »
So it seems that there are different opinions on how risky it is to open 2 AP accounts with the same SSN.  Has anyone done it and had a problem?

Offline askmoses

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1229 on: November 26, 2012, 12:02:37 AM »
So it seems that there are different opinions on how risky it is to open 2 AP accounts with the same SSN.  Has anyone done it and had a problem?
Yes and almost guaranteed to have one (or both) shut down.

Offline Yehoshua

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1230 on: November 26, 2012, 12:03:50 AM »
I guess I'll just wait till Shabbos when the limits reset to cash out the GCs.

Any other ideas on how to cash out GCs besides AP?
« Last Edit: November 26, 2012, 12:13:50 AM by Yehoshua »

Offline asks

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1231 on: November 26, 2012, 11:57:04 AM »
Is there a list of any GC's will work for AP as goods/services?

Offline bubbles

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1232 on: November 26, 2012, 02:11:49 PM »
so it's still showing the decreased limits
and now when I sent a payment to the account it is asking me to claim the payment in order to receive it. But when I click claim payment it says
Only issue is that there are already cc's linked to this account.

Any help would be greatly appreciated

okay got it to work by adding another cc, I think the problem was that there address was a mistake on the address on the first cc I had added

Offline wierdal832

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1233 on: November 26, 2012, 02:37:42 PM »
can i open a few accounts in a few dif names, say my brothers and sisters names.. this way i can do 4-5k a month 

Offline Yehoshua

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1234 on: November 26, 2012, 02:43:55 PM »
I don't see why not, but you'd need their SSNs and bank account info.

Offline wierdal832

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1235 on: November 26, 2012, 02:46:30 PM »
I don't see why not, but you'd need their SSNs and bank account info.

what if i use thier ss numbers, and put down my bank, can i have a few account under dif names, but all under my bank account?

Offline Yehoshua

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1236 on: November 26, 2012, 02:47:41 PM »
I wouldn't risk it.  Just link them to different bank accounts that you have, or open more if you only have one.

Offline newdanfan

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Amazon Payments Question
« Reply #1237 on: November 29, 2012, 12:00:20 AM »
I have been using Amazon Payments, sending $1,000/month to a friend in order to hit spending threshold.  I heard a rumor that someone receives more than a certain amount of payments a year (20K or the like), that person will receive a tax form for the money received for goods and services.  Can anyone confirm if this rumor is true?  If so, what is the minimum one has to accept on Amazon payments which will cause a tax form to be sent out to you?

Offline AsherO

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Re: Amazon Payments Question
« Reply #1238 on: November 29, 2012, 12:17:35 AM »
I have been using Amazon Payments, sending $1,000/month to a friend in order to hit spending threshold.  I heard a rumor that someone receives more than a certain amount of payments a year (20K or the like), that person will receive a tax form for the money received for goods and services.  Can anyone confirm if this rumor is true?  If so, what is the minimum one has to accept on Amazon payments which will cause a tax form to be sent out to you?

$20k and 200 transactions. And, not or, so much be both $20k and 200 trans.

$1k a month is less than $20k a year, so you're safe in that regard.
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Offline newdanfan

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Re: Amazon Payments Question
« Reply #1239 on: November 29, 2012, 12:26:55 AM »
$20k and 200 transactions. And, not or, so much be both $20k and 200 trans.

$1k a month is less than $20k a year, so you're safe in that regard.

Thank you, such a simple answer! :)