Amazon Payments

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Old Nov 1, 14, 4:24 pm   -   Wikipost
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Additionally, we have updated the terms and conditions of our User Agreement (https://payments.amazon.com/help/Per...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.
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 21, 10, 9:24 am
  #16  
 
Join Date: Jul 2010
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I was charged 1.00 for sending $250.00 and my wife was charged $1.00 for receiving that same $250.00.


Did I miss something? I thought there were no fees...
Ben Linus is offline  
Old Nov 21, 10, 10:49 am
  #17  
 
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one of my friends got his account cancelled.
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Old Nov 22, 10, 4:43 am
  #18  
 
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Be very careful

Accounts are being shut down right, left and centre.
If they sniff you're up to something, they'll close you down.

Don't send back and forth immediately, stagger amounts, use different names/IP addresses etc.
A bit of common sense goes a long way...
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Old Nov 23, 10, 7:23 pm
  #19  
 
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so are there fees for personal accounts now?

the amazon payments website isnt very clear. the fees table is for amazon simplepay and checkout by amazon... not personal accounts correct?
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Old May 20, 11, 2:04 pm
  #20  
 
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Originally Posted by bylin2000 View Post
so are there fees for personal accounts now?

the amazon payments website isnt very clear. the fees table is for amazon simplepay and checkout by amazon... not personal accounts correct?
Bump. I can't find this either. Is it possible to do $$1k/month through this service without any problems like having the account closed?
abcx is online now  
Old May 20, 11, 2:37 pm
  #21  
 
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Originally Posted by Ben Linus View Post
I was charged 1.00 for sending $250.00 and my wife was charged $1.00 for receiving that same $250.00.


Did I miss something? I thought there were no fees...
"There are no fees charged for withdrawing funds from your Amazon Payments account, but there are minimum transfer amounts:

* Minimum of $1.00 for Amazon.com Gift Certificate withdrawals"

https://payments.amazon.com/sdui/sdu...nal/webpay/faq
#11

Would this apply to what you did?
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Old May 20, 11, 2:46 pm
  #22  
 
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Originally Posted by abcx View Post
Bump. I can't find this either. Is it possible to do $$1k/month through this service without any problems like having the account closed?
I can not find ANYTHING about a maximum on the amazon site yet... but i did read that people were banned for doing more than $1,000 at a time. But I'm told $1000 a month is no problem. I think I'm gonna do that. Send $1k a month from wife to self (with only 1 card at a time?).
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Old May 20, 11, 5:02 pm
  #23  
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Originally Posted by kingdomofpeace View Post
I can not find ANYTHING about a maximum on the amazon site yet... but i did read that people were banned for doing more than $1,000 at a time. But I'm told $1000 a month is no problem. I think I'm gonna do that. Send $1k a month from wife to self (with only 1 card at a time?).
"edit my account settings" -> middle section where it says "view my account limits"

And no, you do to get banned for trying to send more than $1k, it just won't go thru

You WILL get banned if you try to set up a lot of accounts and send a lot more $. They may not catch on right away, but they will eventually.
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Old May 20, 11, 5:26 pm
  #24  
 
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Originally Posted by Stoughton View Post
"edit my account settings" -> middle section where it says "view my account limits"

And no, you do to get banned for trying to send more than $1k, it just won't go thru

You WILL get banned if you try to set up a lot of accounts and send a lot more $. They may not catch on right away, but they will eventually.
That makes sense.
But this still seems like a great way to meet spending requirements on cards. Easier than the mint coins even.
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Old May 20, 11, 5:27 pm
  #25  
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Originally Posted by kingdomofpeace View Post
That makes sense.
But this still seems like a great way to meet spending requirements on cards. Easier than the mint coins even.
It is, just don't get greedy.
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Old May 20, 11, 5:33 pm
  #26  
 
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:-)
Good advice. Don't ruin a good thing.
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Old May 20, 11, 5:40 pm
  #27  
 
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So any tips on how to use this responsibly to meet spending requirements?
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Old May 20, 11, 6:28 pm
  #28  
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Originally Posted by greenythebeast View Post
So any tips on how to use this responsibly to meet spending requirements?
Aside from use it to meet $1k worth of spend per month? No.
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Old May 20, 11, 7:02 pm
  #29  
 
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Where is it written that personal accounts don't have a fee?
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Old May 20, 11, 7:12 pm
  #30  
 
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Please let this thread fade into obscurity.
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