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Old Aug 29, 14, 6:53 pm   -   Wikipost
FlyerTalk Forums Thread Wiki: Amazon Payments
Please read: this is a community-maintained wiki post containing the most important information from this thread.
 
Last edit by: kingrat
FAQ's

Is Amazon Payments treated as a cash advance? No CC issuer has been reported as treating an AP transaction as a cash advance unless the sender selected "Payment is for Cash Advance" on the Send Money screen.
What does it mean when your payment is "pending"? Your payment will be reviewed. We are unsure whether this review is done by a human or computer. It should take less than 24 hours but is usually within minutes.
How should you describe your payment? "Goods or services" will allow you to charge with a CC and it will not be treated as a cash advance. Note: If you choose cash advance, it may be treated as such by your CC issuer; always choose Goods/Services. There is no reason to put anything in the optional description field - leave it blank.
What is the monthly limit for sending CC payments? $1,000 per calendar month per AP account
What is the monthly limit for receiving CC payments? $1,000 per calendar month per AP account
What if it is not allowing me to send/receive more than $500 or any at all? You probably have not verified your bank and/or added a CC. In order to get the full $1,000 allowance for sending and receiving you must have a bank verified AND a CC added to your account as a payment method.
Does AP qualify for special spending categories? Specifically it qualifies for Discover's (usually 4th quarter) category of online purchases but so far, not Chase's "5% CB on Amazon.com purchases." Refer to thread for other options.
Can you get shutdown? Yes.
How do you get shutdown? No one knows. Anecdotes are found throughout the thread. Some suspicious behavior that MIGHT get your AP account(s) shut down is listed below.
Which transaction is most advisable? A -> B -> C -> A (see here)
Are any fees charged during this process? No, not by Amazon Payments. If your transaction is treated as a cash advance by your card issuer--fees are possible. Beware and always double check that goods/services is selected!
Can you liquidate Amazon GC via AP? NO!
Can you liquidate other gift cards via AP? Yes. Note that you cannot liquidate the full value of a GC because amazon places a $1 hold while it verifies the validity of the GC. You can sometimes (not always) avoid the hold by entering an incorrect expiration date for the GC when adding it to your AP account, and after you have added it, go to "Edit my account settings," then to "Add edit or delete my credit cards" and edit the expiration date there.
When does the month end? It appears as if Amazon is on pacific time, so midnight PDT/PST is when the month resets.

It bears repeating that no one knows the methodology amazon uses to police AP transactions, determines which transactions violate its T&Cs, or identifies violators. However, various people in this thread and elsewhere have confirmed that their AP account(s) were shut down for the following reasons:
  • Associating one credit card number with more than one AP account (Be Careful if authorized user card has the same number as the primary card holder - in some instances the CC numbers are completely different)
  • Associating one bank account with more than one AP account

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Old Nov 6, 12, 6:25 am   #916
 
Join Date: May 2011
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Quote:
Originally Posted by QL_714 View Post
What you call “peers” have inflicted more damage on this community then any bank ever has. BOA. Citi, Chase and many others have been very good to me and would guess to you also.
+1 We are sitting on one side of the Bar and they the other . Like comparing
Prosecutors to Defense Attornys IMHO
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Old Nov 6, 12, 7:15 am   #917
 
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Prosecutors? Defense Attorneys? Blah - they all taste the same when you are feeding sharks.


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Originally Posted by PETERPNYC View Post
+1 We are sitting on one side of the Bar and they the other . Like comparing
Prosecutors to Defense Attornys IMHO
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Old Nov 6, 12, 7:36 am   #918
 
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Quote:
Originally Posted by CBS9000 View Post
On the first post of the Wells Fargo prepaid thread, OP mentions:

"Citibank - CASH ADVANCE
BofA - Sale
Chase - Sale"

Can someone confirm if certain card issuers do not process AP as a sale? PM is fine if this has already been discussed, but I'm in the process of scouring the thread as I post this, and haven't seen the answer.

Thanks
Post on May 1
Quote:
Originally Posted by Bored_Russian View Post
Damn, used my BA Chase card for amazon payments and was slapped with $32 cash advance fee. ...? Thank You Citi card didn't show any "fees" for amazon.
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Old Nov 6, 12, 8:25 am   #919
 
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Originally Posted by AlohaDaveKennedy View Post
Prosecutors? Defense Attorneys? Blah - they all taste the same when you are feeding sharks.
I just like to point out when a leapard is trying to change his spots.
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Old Nov 6, 12, 6:36 pm   #920
 
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Can a leopard change his spots? -- Jeremiah 13:23

Let he without spots cast the first leopard. -- Brian 20:20

Quote:
Originally Posted by QL_714 View Post
I just like to point out when a leapard is trying to change his spots.
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Old Nov 11, 12, 10:56 am   #921
 
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Has AZ ever shut down accounts before for adding or having too many credit cards linked to it? Like Paypal does for example...
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Old Nov 11, 12, 3:05 pm   #922
 
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Quote:
Originally Posted by Rommie2k6 View Post
Has AZ ever shut down accounts before for adding or having too many credit cards linked to it? Like Paypal does for example...
I already have 10+ cc's linked to my amazon account. I've used them to buy stuff from amazon.com. All those cards automatically show up as an option in Amazon payments, so I doubt they will shut you down for linking too many credit cards.

How does amazon payments make money? I think I need to mix in some activities that ships them some money just to balance things out.
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Old Nov 11, 12, 9:30 pm   #923
 
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I don't pretend to know Amazon's view of this particular product, but I will observe that Amazon's business model involves making huge investments to become everything to every consumer. Remember how one time they were just a purveyor of mail-order books? Then books and movies? Now, everything, to the point where they have big-box stores shaking in their boots.

There are plenty of market segments where Amazon is investing big-time in becoming the market leader, even at the expense of short-run profits. I don't know what synergies they see between the payments business and the retailing business, but I know this, Jeff Bezos is a hell of a lot richer than I am, and he didn't get that way (at least so far) except by having more products work out well than badly.
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Old Nov 12, 12, 11:49 am   #924
 
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Funny AP shows up when it hits my Citi account:

Amazon Payments- XXX

then the following advertising:

Need to simplify your finances? A Balance Transfer can help.
brooklynmatt is offline   Reply With Quote
Old Nov 12, 12, 2:13 pm   #925
 
Join Date: Jun 2012
Posts: 289
I think Amazon's plan is to get Amazon Payments up and running.

People will try it out and like what they find. When they get a good market share, I would not be surprised if they start charging fees.

Quote:
Originally Posted by redtop43 View Post
I don't pretend to know Amazon's view of this particular product, but I will observe that Amazon's business model involves making huge investments to become everything to every consumer. Remember how one time they were just a purveyor of mail-order books? Then books and movies? Now, everything, to the point where they have big-box stores shaking in their boots.

There are plenty of market segments where Amazon is investing big-time in becoming the market leader, even at the expense of short-run profits. I don't know what synergies they see between the payments business and the retailing business, but I know this, Jeff Bezos is a hell of a lot richer than I am, and he didn't get that way (at least so far) except by having more products work out well than badly.
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Old Nov 12, 12, 9:42 pm   #926
 
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They're not making much traction with this one, though. AP isn't anywhere close to PayPal yet, and they seem to be falling behind as PayPal expands into offline payments and other market segments. Just about the only thing I know people use AP for regularly is to generate spend on their CCs for cashback and bonuses.
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Old Nov 12, 12, 10:29 pm   #927
 
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Quote:
Originally Posted by brooklynmatt View Post
Funny AP shows up when it hits my Citi account:

Amazon Payments- XXX

then the following advertising:

Need to simplify your finances? A Balance Transfer can help.
Which Citi card is that?
__________________
I've never begged for 'caps'
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Old Nov 13, 12, 5:36 am   #928
 
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Quote:
Originally Posted by scwam View Post
Which Citi card is that?
Citi AA Visa...
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Old Nov 15, 12, 6:31 am   #929
 
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So is AP down for everyone, or just me?
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Old Nov 15, 12, 6:43 am   #930
 
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Down for me too.

http://www.downforeveryoneorjustme.com/
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