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You can send up to $1,000/month directly from your CCs or GCs, and receive the same amount, which can then be withdrawn to your bank account.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 1122860 times)

Offline churnbabychurn

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1420 on: December 31, 2012, 09:32:20 PM »
Put my ss in for first time, verified in a flash.
So they get you retroactively.. Probably would be better just to shut down and reopen, no?

Offline mechayamom

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1421 on: December 31, 2012, 10:44:27 PM »
I havent followed the whole thread, but decided to try Amazon Payments tonight to satisfy the spend.
It is asking for Social Security and Driver's License.  Not sure I want to put all that info in the account.  Why are they asking for so much personal info?  Any way to get around this.  My hubby is very security wary.

Offline churnbabychurn

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1422 on: December 31, 2012, 10:56:29 PM »
I havent followed the whole thread, but decided to try Amazon Payments tonight to satisfy the spend.
It is asking for Social Security and Driver's License.  Not sure I want to put all that info in the account.  Why are they asking for so much personal info?  Any way to get around this.  My hubby is very security wary.
dont worry, amazon is the same as a bank like chase- you would give them your info right?

Offline mechayamom

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1423 on: December 31, 2012, 11:04:57 PM »
He is worried about letting the Driver's license info...putting that info online.

Offline Fan of Dan

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1424 on: December 31, 2012, 11:34:19 PM »
He is worried about letting the Driver's license info...putting that info online.
He should not be worrying so much... there is nothing they will do with it except verify his identity.

Offline aryeh1

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1425 on: December 31, 2012, 11:48:29 PM »
To ensure compliance with Federal law, please provide your Date of Birth and Tax Identification Number (TIN). Any account that has not provided this information before Monday, December 31st 2012 will not be able to send or receive funds.

So at this point do I need to?

Offline Avid Reader

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1426 on: January 01, 2013, 12:14:44 AM »
I say yes.

Offline elikay

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Re: Re: Earn miles/points with Amazon payments using a credit card
« Reply #1427 on: January 01, 2013, 12:19:24 AM »
I say yes.
+1 they have finally come down on this.

Offline yitzf

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1428 on: January 01, 2013, 12:39:31 AM »
I havent followed the whole thread, but decided to try Amazon Payments tonight to satisfy the spend.
It is asking for Social Security and Driver's License.  Not sure I want to put all that info in the account.  Why are they asking for so much personal info?  Any way to get around this.  My hubby is very security wary.

 It's been discussed earlier in this thread that the drivers license need not be accurate, it just has to match the format of the state you choose (ex. 9 numbers or two letters followed by 5 numbers etc.) Search and you'll find a guide posted by AsherO for all the states.

Offline Lamppost

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1429 on: January 01, 2013, 08:22:18 AM »
Anyway to know for sure that now that 2013 is here, the 20k+200transactions limits (till 1099) have been reset? or to comnfirm that i wont be getting a 1099? I only had about 130 transactions across all my accounts (including sending, recieving, and withdrawling) but i certainly went over 20k. I do feel a tad bit nervous and would like to know if theres anything that i should be nervous about

Offline churnbabychurn

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1430 on: January 01, 2013, 09:18:03 AM »
taxes go by calander year.

Offline yitzf

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1431 on: January 01, 2013, 10:03:59 AM »
Anyway to know for sure that now that 2013 is here, the 20k+200transactions limits (till 1099) have been reset? or to comnfirm that i wont be getting a 1099? I only had about 130 transactions across all my accounts (including sending, recieving, and withdrawling) but i certainly went over 20k. I do feel a tad bit nervous and would like to know if theres anything that i should be nervous about

I'd imagine sending and withdrawing don't count towards the 20k.

Sending $ isn't a taxable event for you.

Ditto for withdrawing $ they already reported when you received it in your account.

Offline robi

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1432 on: January 01, 2013, 04:07:06 PM »
I'd imagine sending and withdrawing don't count towards the 20k.

Sending $ isn't a taxable event for you.

Ditto for withdrawing $ they already reported when you received it in your account.
+1 I would think so too. Can anyone confirm?
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Offline CholentTheTraveler

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1433 on: January 01, 2013, 08:02:37 PM »
I have not read most of the 94 pages of posts in here as I came and read from time to time so please excuse my "Noob" questions.

What is the best card to use for AP when transferring the $1,000/month(for free)?

Anyway to track and make sure I am earning points using an Amex SPG(since I use this card for other purchases as well) or easier to use Chase?

Offline Shmulyg

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1434 on: January 01, 2013, 11:39:02 PM »
Anyway to track and make sure I am earning points using an Amex SPG(since I use this card for other purchases as well) or easier to use Chase?

Using ap with an amex card is a potential fr risk.

Offline CholentTheTraveler

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1435 on: January 01, 2013, 11:41:06 PM »
Using ap with an amex card is a potential fr risk.
Thanks, will keep this in mind. I did $150 with Amex. FR easy to get approved from with bank statements and income?

Offline Shmulyg

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1436 on: January 02, 2013, 12:42:41 AM »
FR easy to get approved from with bank statements and income?
Yes, but it's a big pain in the a**...

Offline jblacker

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amazon payments closed
« Reply #1437 on: January 02, 2013, 06:25:05 PM »
i had accounts from b4 the SSN's needed to be added and was using them w/o SSN, they just blocked the accounts any idies to get them reopened? i already have account with my SSN

Offline mmermss

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Re: amazon payments closed
« Reply #1438 on: January 02, 2013, 06:27:08 PM »
i had accounts from b4 the SSN's needed to be added and was using them w/o SSN, they just blocked the accounts any idies to get them reopened? i already have account with my SSN
Please search next time
http://forums.dansdeals.com/index.php?topic=3524.0
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Offline gevaldig

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Re: Earn miles/points with Amazon payments using a credit card
« Reply #1439 on: January 07, 2013, 11:16:07 PM »
just spoke to Amazon Payment rep, she told me no gift cards allowed to use in amazon payments, only regular cc,  is this something new? or the rep has no idea what she is talking about?