Don't think $1 to $2 would be enough. These cards get treated as credit (at least in my merchant account) at something around 2% give or take. Even at 1%, a $500 VGC would cost them $5. They may have a smoking deal due to their scale, but I can't imagine their processing fee would be .2% or less?

Not sure if anyone has mentioned it above, but my electric bill payment failed because -- under the new interface -- you need to select a payment 2 days ahead of time when using a debit card. Nobody told me of the failure; I discovered it by chance. And the Evolve Money phone rep told me of the two-day requirement.

they don't need a sustainable business model. they just need a user base large enough for them to create a make-believe valuation metric that wall street will believe so that EvolveMoney can go public and private equity investors can cash out.

NOOOOOoooooooooOOOOOOOOoOoOoOoOoOoOoOoOoOoOoOoOoOo OoO!!!!!!!!!!!!!!!!!

Okay. So. Wow. Bummer.

Reloadit packs for sale on credit anywhere?

true that.

Got email from Evolve, rules are changing .....

Due to changes in our risk and regulatory compliance policies, Evolve Money will be implementing a limit of one payment per biller account per month. This change takes effect September 1, 2014. There are no limits on the number of cash payments made with a Reloadit pack or Evolve Pay Bucks.

We realize that some of our users have taken advantage of the multiple payments per month to pay off larger expenses such as mortgages. We are currently working on ways to improve the bill paying experience for you and expect to announce details soon.

The Bill Payment Transaction Limits section of our End User License Agreement has been updated to reflect this change. We apologize for any inconvenience this may cause. Please feel free to contact us at [email protected] with any questions.

Will not be way of MS soon!!!!!!!!!

It's in the wiki already (last bullet point under tips). I had missed it completely before until I ran into the same issues a couple of weeks ago, and decided to re-read the wiki. Whoever added it in, a belated "thank you" from me!

Looks like the soonest money posting date is now September, so tread lightly!

And large. $999s only from here.

Unless there is a way to do as suggested above where you can increase the value of a gift card to more than $500 by combining it with another $500, then there is basically no way for anyone to pay a mortgage anymore (without Reload it - which all my places have been shut down now).

We will still apply extra payments to loans via evolve and do smaller utils that we get charged a fee to pay with credit card directly, but back to bluebird for cars and house it seems.

dEvolve, hope you can figure out a way to get loans paid off properly again or unfortunately you're going to lose a huge amount of business.

9/1 change applies to date payment is initiated or delivered?
 

I had been wondering about the question I noted in the subject line since this change was announced yesterday. I didn't really see any other posts addressing my question until this one, which seems to suggest that the delivery date is the relevant date.

I called Evolve to ask this question, and the CSR provided the response that it is the payment initiation date that is used, so assuming she is correct, people should be able to make multiple payments/account for the rest of the calendar month.

Yep, only the express payments can be made to post in August. I will test out if multiple non-express payments are still allowed and report back later today, even if they post on Tuesday of next week.

Interesting. I'd certainly like that to be true. But I thought that the four-payments-per-month rule was based on payment arrival date, and not payment initiation date, so I am assuming this is the same. Am I mistake on the previous rule?

Did you read the wiki?

I got a new Simon Mall VGC gift card by Blackhawk and it's not accepting my payment error e718 form of payment not accepted. UGH

Yes, but my experience has not been what is described there.

I've received emails about four payments per month when I haven't, in fact, done four based on charge date, but have done four based on arrival date.

Or, does just being in the Wiki make it true?