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, but see below. 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. To avoid the hold, enter 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.
Suspicious activity that might* increase the likelihood that your AP account(s) will be shut down:
Sending money back and forth between two accounts (i.e., A -> B -> A)
Associating one credit card number with more than one AP account
Associating one bank account with more than one AP account
Making transactions across multiple AP accounts from the same browser or IP address
Frequently adding/deleting credit or gift card numbers to your AP account (e.g., buying multiple Amex gift cards and liquidating them via AP)
*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.
I just initiated deposits from AP to BB for verification via "Manage my bank accounts". I think it will work as I compared with my other linked bank that was verified via deposits, and it looks like AP verifies via deposit only (doesn't withdraw). Instant verification is not an option for BB in AP.
I hope it works as I can see this being a very convenient option to merge AP account(s) balances to BB and use it as centralized source for CC payments.
Balance from Amazon.com is not reflected on Amazon Payments, however you can purchase something on Amazon.com using your AP balance, so it is basically a one way street. Amazon to AP would have made it too lucrative and easy
I initiated two withdrawals yesterday, and now I see these two as "completed" on AP. However, I don't see any deposit posted to my checking account, no pending either. Does it usually take a while to show in checking accounts after the transaction has been completed?