I have been through a few storms with Paypal - a major inconvenience and they required me to provide an awful lot of documentation - but in the end, my account was always restored after my information checked out. While Payapl has frustrated me, I do understand that Paypal is a major fraud target and tool. While sites like www.Paypalsucks.com are very scary for the Paypal business user, I have no way to verify if the people posting the Paypal horor stories were involved in illegal activities, refused to provide documentation, provided false information, etc. It could be the people at Paypal were just doing their job.

I'm not suggesting that Paypal is evil (though many do).

I'd suggest, though, that given their history (and the potential for fraud you mention), running hundreds of thousands of dollars of fake credit card charges through them might not necessarily be the best idea, even if it's technically legal.

Wanaflyforless's post was sensational and precisely the kind I had hoped to encourage. You are an inspiration to us all, sir. Bravo.

shipping forums
 

Why don't you invest some time on FT and put some time in here to gleam the benefits that come with posting and reading posts. There are dozens of schemes already posted. Search and read them and formulate your list to report back to us. That is buying in to the community and we will give you a for your efforts.


______________________________________thank you

shipping- thanks-- i have done that in this thread twice already. did you read it?

It does. But I don't have a credit a limit of $100,000. Does Amex make exception to its credit limit for tax payments?

No they do not! Who would you rather have on your back for a bill? The IRS or Amex?

You can try to pay $100K on your account thus reflecting a negative balance. but the attempted charge might be placed up against your limit and not your balance thus still being rejected.

Have you called Amex and asked them? It couldn't hurt.

In this credit environment (and with AMEX's penchant for financial review), I have to wonder if any kind of ridiculously unusual activity is a good idea. Overpaying a card by $100,000 sure seems unusual to me (and might even appear to be something more than shady, like money laundering).

Boy, am I a wet blanket today.

I believe that Amex does not allow you to make payments in excess of the balance on your account. I am pretty sure you cannot do so online. And I believe there is a rule along these lines.

I believe I have done this thrice in the last month. @:-)

Electronically? I recently tried and it would not allow me to make a payment in excess of balance. I can pay more than the balance due, but not more than total the outstanding balance.

You have to do it as a push from your bank's bill pay service. Then it gets there electronically, and you're fine.

Using a merchant account is a bad idea, if you are using one in place its a bad idea as if they find out you would get shutdown and would place problems for legit transactions. Its not advisable to open a merchant account for this purpose also, as it is against the TOS.


I dont get the official payments idea as where are you going to send the 100k, if your tax bill is that high I think you aren't going to be too worried about buying miles via rewards. I think there are fines for overpaying taxes by an excessive amount.

Also overpaying an AMEX can get them to freeze your account, they do not like it when you overpay its a giant red flag for illegal activity.

If you're looking for miles and you have a business with a merchant account, you might want to check out this deal:

http://www.aa.com/i18n/AAdvantage/pa...vices/bbcp.jsp

Tell us if they offer competitive rates!

I've heard of penalties for underpayment of taxes, but why would you get penalized for effectively subsidizing the US government?