Evolve usage does not require a PIN, so it is hard to be certain how they are processing things

You could use a PP Mastercard DC to see if you get points for it. But how could they possibly not do credit without pin? Also, I've never heard of a debit transaction online

Plus 0.05%, which is another 25 cents on a $500 card.

I would assume that it's like using Serve or Bluebird with a miles debit card. You can still get points off it like a credit card purchase. (I think that's how it works at least lol)

My question though was that if it's a set percentage, then they are still paying the same amount on 5 $200 GCs as 2 $500 GCs. But if it's a set rate PLUS percentage, then yes it's more expensive for them.

I'm curious about what the deciding factor was: I have read that some had their accts suspended and other had them permanent locked. Is this correct? If so, how did they choose which one for each situation?

I made 46 payments to one biller this last month. With a Rep in this thread, they should have known what they were in for. I did not get an email, just a red error message to call them when trying to process #47. When I called, I waited about 10 minutes before someone informed me that they have changed the payment limit to 4 per month and it resets on the 1st of the month. I was told I did nothing wrong, just that they had changed their policy.

It sucks, as I had a nice little loop but back to the old way to liquidate/billpay.

No, each card swipe/entry that a person does costs $.21 +.05%. So two $500 cards costs $.92. Five $200 cards costs $1.55. So if a person was pushing though $30K/month in $200 cards it was costing evolve $46.50 per month + overhead.

Thanks!

That applies to institutions where the issuer has >$10B in assets. The ones issued by US Bancorp (~$360B) should be cheap. Metabank ($1.8B) is exempt from that rate and will be more expensive.

Average exempt issuer interchange is 1.33-1.49% VISA/MC. For $30k in Metabank cards, the fee would be $399-$447.

http://www.federalreserve.gov/paymen...change-fee.htm

Man - no one said a thing! I was happily paying down my mortgage using the 1K per day rule and now my account is fine, but my bill is closed - AKA I cannot pay that bill from any account! This sucks!

4 tx per bill is what they want per month - so the supervisor is not in today will call on Monday.

Oh, when I read what everyone was talking about, my heart froze for a moment.
Then, realized YES, I can still live with 4 payments per payee/month.

FWIW, I did four payments to WF earlier this week. Despite NOT going over the new limit, I got the email today about being locked up until 7/1 as well. I suppose you could say that they are being proactive and "warning" me, but I thought it was a little strange to be locked despite not trying a fifth payment.

Also from the fed site. " Transactions made using certain reloadable general-use prepaid cards and debit cards issued pursuant to government-administered payment programs are exempt from the interchange fee standard, even if the card is issued by a covered issuer."

Yes, transactions made with EBT and unemployment debit cards would say Evolve some money