Nov 10, 2013, 11:26 am
Last edit by: mcdullhk88
Dead as of 10/13/14
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:
Additionally, we have updated the terms and conditions of our User Agreement (https://payments.amazon.com/help/Personal-Accounts/User-Agreement-Policies/User-Agreement) that apply to your use of the products and services provided by Amazon Payments. Our updated User Agreement revises certain terms (including, among other things, the elimination of person-to-person payments). Our new User Agreement will become effective on October 13, 2014, which is more than 30 days from when we first posted our updated User Agreement. By continuing to use our services after October 13, 2014, you are agreeing to be bound by the terms and conditions of our new User Agreement.
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
Amazon Payments
Mar 26, 2013 | 8:27 am
#1891
Join Date: May 2011
Location: NYC
Programs: UA 1K, AS MVP Gold, TK *Gold, HHonors Gold, SPG Plat, Marriott Plat, Hyatt Diamond
Posts: 570
Sorry, not sure what you mean? I have withdrawn funds twice and haven't had a problem. In fact the speed at which the money hit my bank account was impressive..
Just getting a bit wary (maybe paranoid?) that this is too easy..
Just getting a bit wary (maybe paranoid?) that this is too easy..
Mar 26, 2013 | 9:39 am
#1892
Join Date: Feb 2013
Location: PDX
Posts: 42
Seems aggressive. I think I'll tread carefully in the jungle rather than head for the desert. Seems like plenty of people living dangerously with multiple accounts and such and doing alright. I will continue my A>B>cash sub 1k and pray that the cardinals don't mind.
Mar 26, 2013 | 4:45 pm
#1893
Join Date: Feb 2013
Location: San Antonio
Programs: AS MVP
Posts: 2,276
PM please?!
Mar 26, 2013 | 5:56 pm
#1894
Join Date: Jan 2013
Posts: 322
Would like a PM as well. I haven't had a problem withdrawing immediately after the money is sent.
Mar 27, 2013 | 11:33 am
#1895
Join Date: Jan 2013
Location: Houston, TX
Programs: HHonors Gold, PC Plat, WN A+
Posts: 30
I've heard nothing of this. Source?
Mar 27, 2013 | 4:58 pm
#1896
Join Date: Jan 2013
Posts: 57
I just signed up for an AP acct, and it looks to me like the limit is $500? I find their help pages kind of confusing, but here's what I see:
"Account limits for Personal Accounts
Personal Accounts may receive up to $500 per month. The receiving limit may be raised or removed entirely once a credit card and verified bank account have been registered in the account.
Personal Accounts may send up to $500 per month once a credit card or verified bank account is registered in the account. Once both are registered, the sending limit may be raised or removed entirely.
Personal Accounts may withdraw funds to verified bank accounts. Also, Personal Accounts may purchase Amazon.com gift certificates. Please see Adding New Payment Methods for details on verifying your bank account."
This is from their fee schedule page:
https://payments.amazon.com/sdui/sdu...-Payments-Fees
apologies if I'm missing something obvious, but thanks in advance for any help anyone has to offer. I've got a few gc's i'd like to turn into real money.
"Account limits for Personal Accounts
Personal Accounts may receive up to $500 per month. The receiving limit may be raised or removed entirely once a credit card and verified bank account have been registered in the account.
Personal Accounts may send up to $500 per month once a credit card or verified bank account is registered in the account. Once both are registered, the sending limit may be raised or removed entirely.
Personal Accounts may withdraw funds to verified bank accounts. Also, Personal Accounts may purchase Amazon.com gift certificates. Please see Adding New Payment Methods for details on verifying your bank account."
This is from their fee schedule page:
https://payments.amazon.com/sdui/sdu...-Payments-Fees
apologies if I'm missing something obvious, but thanks in advance for any help anyone has to offer. I've got a few gc's i'd like to turn into real money.
Mar 27, 2013 | 9:38 pm
#1897
Join Date: Jan 2008
Location: LAS
Programs: DL PM, UA PS, Hyatt Globalist, Marriott Titanium
Posts: 4,906
I just signed up for an AP acct, and it looks to me like the limit is $500? I find their help pages kind of confusing, but here's what I see:
"Account limits for Personal Accounts
Personal Accounts may receive up to $500 per month. The receiving limit may be raised or removed entirely once a credit card and verified bank account have been registered in the account.
Personal Accounts may send up to $500 per month once a credit card or verified bank account is registered in the account. Once both are registered, the sending limit may be raised or removed entirely.
Personal Accounts may withdraw funds to verified bank accounts. Also, Personal Accounts may purchase Amazon.com gift certificates. Please see Adding New Payment Methods for details on verifying your bank account."
This is from their fee schedule page:
https://payments.amazon.com/sdui/sdu...-Payments-Fees
apologies if I'm missing something obvious, but thanks in advance for any help anyone has to offer. I've got a few gc's i'd like to turn into real money.
"Account limits for Personal Accounts
Personal Accounts may receive up to $500 per month. The receiving limit may be raised or removed entirely once a credit card and verified bank account have been registered in the account.
Personal Accounts may send up to $500 per month once a credit card or verified bank account is registered in the account. Once both are registered, the sending limit may be raised or removed entirely.
Personal Accounts may withdraw funds to verified bank accounts. Also, Personal Accounts may purchase Amazon.com gift certificates. Please see Adding New Payment Methods for details on verifying your bank account."
This is from their fee schedule page:
https://payments.amazon.com/sdui/sdu...-Payments-Fees
apologies if I'm missing something obvious, but thanks in advance for any help anyone has to offer. I've got a few gc's i'd like to turn into real money.
Mar 28, 2013 | 6:59 am
#1898
Join Date: Oct 2009
Location: Land of the parrots and parrotheads
Programs: Several dozen
Posts: 4,820
Mar 28, 2013 | 7:23 am
#1899
Join Date: Jul 2012
Location: LAX
Posts: 298
Mar 28, 2013 | 8:20 am
#1900
Join Date: Oct 2009
Location: Land of the parrots and parrotheads
Programs: Several dozen
Posts: 4,820
Mar 28, 2013 | 12:54 pm
#1902
Join Date: Feb 2011
Programs: DL DM Hub Captive, Marriott Plat, Hilton Diamond, PC Plat, and other stuff.
Posts: 905
Mar 30, 2013 | 1:44 pm
#1904
Join Date: Nov 2006
Programs: Hilton Diamond, IHG Platinum
Posts: 4,721
I have a question about AP. I understand the limit for sending is $1000 per month. Can I send 2 payments of $500 using a different card each time? Trying to minimize suspicion to the CC companies by making the AP charge smaller.
Mar 30, 2013 | 4:30 pm
#1905
Join Date: Nov 2005
Location: Anaheim Hills, CA
Programs: UA 1K, 1.3mm
Posts: 918