Originally Posted by craz (Post 22009047)

They call what you did Load and immediately Unloading. I usually try to let the funds sit for a few days before unloading them.

Originally Posted by craz (Post 22009047)

They call what you did Load and immediately Unloading. I usually try to let the funds sit for a few days before unloading them.

Originally Posted by steventravel (Post 22009033)

I think you should ask for a check for the 40 cents, and let them know your going to file a FDIC complaint if they don't overnight it. Unless they can show you in the terms and conditions where you were not using the card as intended. Just my 2 cents.

Originally Posted by Zgirl (Post 22009006)

I purchased My Vanilla card on Dec 10, 2013 at CVS.... loaded with $4,000 and purchased MOs at Walmart and my card is shut down (=in spend down mode)...

+ 12/14/2013 WAL-MART -$0.50
+ 12/14/2013 WAL-MART -$1,999.60
+ 12/14/2013 Vanilla TopUp Redeem $500.00
+ 12/14/2013 Vanilla TopUp Redeem $500.00
+ 12/13/2013 Vanilla TopUp Redeem $500.00
+ 12/13/2013 Vanilla TopUp Redeem $500.00
+ 12/12/2013 Wal-Mart Store -$0.50
+ 12/12/2013 Wal-Mart Store -$1,502.10
+ 12/12/2013 Vanilla TopUp Redeem $500.00
+ 12/11/2013 Vanilla TopUp Redeem $500.00
+ 12/11/2013 Vanilla TopUp Redeem $500.00
+ 12/10/2013 WAL-MART -$496.40
+ 12/10/2013 WAL-MART -$0.50
+ 12/10/2013 CVS Pharmacy $500

I just called MVD and they said I didn't use the card as intended and I should spend my remaining 40 cents and the card will be shut down. How do I spend 40 cents if the purchase fee is 50 cents? ;-)

Originally Posted by Zgirl (Post 22009188)

Of course I'll file a complaint with FDIC! There was nothing in their TOS that prohibited me from loading and unloading the way I did. They allow a $2,500 load a day and $10,000 a week but they shut me down for much less than that?

Originally Posted by MsArbi (Post 22010588)

I posted last week that one of my MVDs got shut down. Here are some data points. I've been using many MVDs this year and only got that one shut down. Half were used for ~1k single debit a day, 2-3 times a week, for 10K a month. They are below 44k to date, active, no problems. Half were used for 2.5k single debit a day, 1-2 times a week for 10k a month. They are below 40k to date, active, no problems. I pushed one MVD and did 1k and 2k debits over several days to reach 8k (edited - previous 6k was wrong) in one week. It was immediately shut down but the card still loads and debits out. I will try to test the 45k year limit. No ca on any of these cards. All debits were at 3 different chains, sometimes different stores in each chain. I loaded and unloaded almost always on the same day, often within 30 minutes. Sometimes I let the balance sit a few days. I made no other small debits. So my successful strategy is to keep at 2.5k debits or less, no more than 5k debits per week, 10k per month. Over easy. Hope this helps someone.

Originally Posted by MsArbi (Post 22010588)

I posted last week that one of my MVDs got shut down. Here are some data points. I've been using many MVDs this year and only got that one shut down. Half were used for ~1k single debit a day, 2-3 times a week, for 10K a month. They are below 44k to date, active, no problems. Half were used for 2.5k single debit a day, 1-2 times a week for 10k a month. They are below 40k to date, active, no problems. I pushed one MVD and did 1k and 2k debits over several days to reach 8k (edited - previous 6k was wrong) in one week. It was immediately shut down but the card still loads and debits out. I will try to test the 45k year limit. No ca on any of these cards. All debits were at 3 different chains, sometimes different stores in each chain. I loaded and unloaded almost always on the same day, often within 30 minutes. Sometimes I let the balance sit a few days. I made no other small debits. So my successful strategy is to keep at 2.5k debits or less, no more than 5k debits per week, 10k per month. Over easy. Hope this helps someone.

Originally Posted by MsArbi (Post 22010588)

I posted last week that one of my MVDs got shut down. Here are some data points. I've been using many MVDs this year and only got that one shut down. Half were used for ~1k single debit a day, 2-3 times a week, for 10K a month. They are below 44k to date, active, no problems. Half were used for 2.5k single debit a day, 1-2 times a week for 10k a month. They are below 40k to date, active, no problems. I pushed one MVD and did 1k and 2k debits over several days to reach 8k (edited - previous 6k was wrong) in one week. It was immediately shut down but the card still loads and debits out. I will try to test the 45k year limit. No ca on any of these cards. All debits were at 3 different chains, sometimes different stores in each chain. I loaded and unloaded almost always on the same day, often within 30 minutes. Sometimes I let the balance sit a few days. I made no other small debits. So my successful strategy is to keep at 2.5k debits or less, no more than 5k debits per week, 10k per month. Over easy. Hope this helps someone.

Originally Posted by MsArbi (Post 22013495)

Another data point. Assuming Sun to Sat for a week, the 10k per week limit does not seem to include the $0.50 debit fees. I have many weeks where I go over 10k with fees but stay under 10k excluding fees.

Originally Posted by MsArbi (Post 22013768)

Oops, yes, sorry, I will edit my post.

Originally Posted by thegasguru (Post 22011162)

Since you're so close to the $45k annual limit, I will be very interested in what you learn about testing that limit. Clearly MVD does not like the CA strategy. But a limit of $45k/yr on debit transactions (ie, MOs), hampers the usefulness of this product, at least for large scalability.