No. No.

My Vanilla debit
 

Is it better to apply for one at a time and open the next one after each gets shut down or open all three and mix up the spend? Or does it not matter?

CA is outside the limit. You can scale up as much as you feel comfortable not being shut down.

Agree. There should've been no expectation that more than $498.05 might work.

How exactly do you liquidate one vanilla gift cards? Thanks in advance.

Where are you getting those numbers from??

$45k is annual limit on DEBIT transactions per T&C. $3,750 is simply 45,000/12

You are absolutely right that nobody should expect that $1.95 is not also being blocked at the time of CA.

It is just that some are really cheap, in dreaming that they could just liquidate the $500 temp cards without having to pay the $1.95 fee given those of us who have the perm cards saw the $1.95 being deducted the 2nd day. so they could repeating this again and again and again... Things apparently do not work this way.

And to add to that the stubborn confusion to lump Debit and Credit transactions together... Until it actually happens, as of now, the Credit transaction is OUTSIDE the $45K yearly limit. Why even worry something that has not yet happened?!

Apparently they don't, but the difference in cost adds up over a large amount of MS. I, and I imagine most people reading this forum, look for the lowest cost methods to MS to maximize profits. Sorry for experimenting and sharing my experience with others reading this thread.

I'm well aware that the limits are separate, as I've always used CA to liquidate the cards when they've been unexpectedly declined due to limits. But the whole point of buying MO is to stay under the radar since people who have done lots of CAs have been shut down. Also, if you are maxing out both channels this way and avoid being shut down, when the new limit comes for credit transactions, you will be stuck with thousands of dollars on the card and no way to liquidate it. If you max out the debit limit with MO and only do the occasional CA, the risk of having large amounts of money tied up for a long time are greatly reduced as you're much more likely to be able to liquidate with CA when you need to. MVD is not a good enough MS opportunity to take on a high level of risk of funds being tied up for a long time even if it wouldn't be a disaster. Care to share how much CA volume you are getting away with and how long you have been doing it?

Purchase money orders at Walmart.

$45,000 divided by 12.

Bad reasoning. If the only limit were an annual limit of $45K, you could do $45K in your first week and then have your card blocked until 52 weeks later. Other posts here say $10K is the monthly limit, and $8K and $6K are respectively separate weekly limits for PIN use and credit use. I can't vouch for any of these numbers myself.

True, if you started on January 1, you wouldn't be able to max out the $45k until the first week of May, assuming the annual limit is by calendar year which no one's been able to confirm yet. But out of the weekly/monthly/annual limits, the annual limit is the most restrictive in terms of total amount you can manufacture.

Hi everyone. I've read much of the thread and I'm extremely confused about the problem with these cards.

First of all, these are the black cards that you get when you make the purchase at CVS and requires you to register online where they send you a personalized card right? And the card is contained in a plastic cover and paper back with a flap right? Called MyVanilla Reloadable Prepaid Card?

I just bought one of these cards to experiment and registered online. It asked me to create a pin. So this means this card is a debit card with a pin right? Then what's stopping me from walking into a Walmart and loading the full $500 onto my BB? Why try liquidating the funds another way?

Nothing stops you from doing that. If you do not need to do more than 5K a month on BB, loading the full $500 onto BB is the cheapest and most efficient way.

Yes, these are the cards you are describing, and yes, they are debit cards with a PIN.

You could go to Walmart and load the funds to BB, but there is no point in doing that, as you can load BB the same way you load these cards, with VR, and the 5k limit on BB is shared between VR and debit card loads. There is also a 50 cent transaction fee for debit or credit transactions that aren't flagged as a cash transaction (in which case the fee is $1.95). So if all you wanted to do was 5k/month of MS, you'd save yourself 50 cents and a trip to Walmart by just loading the VR directly to BB. The point of these cards is that they are a method independent of BB to allow liquidating more than 5k/month of VR cards, though you have to pay some fees to liquidate the funds in addition to the $3.95 per VR to load which is the only fee you pay with BB.

The two methods typically used to liquidate the funds are either buying money orders at WM, or another retailer that sells MO and accepts debit payments such as a grocery store, for a 50 cent transaction fee plus the MO fees, or taking the card to a bank and asking for a cash advance on the card, which costs $1.95, but is cheaper than than MO if you do a large amount and is not subject to the limits on debit transactions, but many people who have done that too much have had their accounts closed. Keep in mind if you buy MO at the USPS they will run the card as a cash advance, which means you will be charged $1.95 in addition to the MO fees and probably run the same shutdown risk as if you just took the card to a bank for a CA.

Because thats a waste