It's Amazon Prime Day! Check out our curated Prime Day 2018 MASTER THREAD of Deals!
Amazon Payments is Ending
In case you have been living in a hole, the Amazon Payments person to person payment service is ending on October 12, 2014. The service has allowed people to send up to $1,000 per month without a fee for over four years now.
Since the beginning of Amazon Payments, many people have tried to find different ways to over-maximize the system. Often times these “techniques” would lead to those people being shut down and losing all of their Amazon Payments accounts. Good for short term gain, but bad in the long term.
The Many Rules of Amazon Payments
Over the years as people have reported their shutdown experiences, a set of rules has developed. The most common rules seem to be:
- Don’t have multiple accounts in the same name/social security #.
- Don’t have the same credit card or bank accouont on multiple Amazon Payments accounts.
- Don’t send money back and forth directly between accounts. (Example: A to B then B to A)
It May Be Time to Break the Rules
With the service ending in a few short days, it may be time to consider breaking the rules! At this point I would imagine anything goes! I know people who have been sending money to themselves, who have setup multiple accounts in their name (it seems to work) and who have comingled cards and accounts. It seemingly doesn’t matter since the service is going dark.
With that said, I am not advocating breaking the rules in order to over-maximize, only reporting that other people I know have been doing it with success. This is a grey area and breaking the rules is a very personal decision.
If you have been following all of the rules of Amazon Payments over the past few years in order to avoid a shutdown, perhaps it is time to consider letting your hair down and breaking some rules. It may just feel good. At least that is what my friends tell me!
This post may contain referral, affiliate or sponsor links that provide Miles to Memories compensation. Thank you for your support.