Was wondering about Amazon Payments & why they are not used to trade/ transfer (they are different from Amazon gift cards/ codes). I searched through posts and could really only find the ones below from 11/23/12 in this thread. The discussion was brief.
I used to do some part-time work online through Amazon and that is how I am familiar with this service. I was paid through Amazon Payments, and it was really easy to transfer money from Amazon to my checking account, which I had verified (or spend it on Amazon). Plus, there was no fee & it was easy to verify my checking account.
It looks like sending/ receiving/ withdrawing limits are 500/ month for personal accounts, but "The receiving limit may be raised or removed entirely once a credit card and verified bank account have been registered in the account".
Can anyone give me more info on why this option isn't currently being used by people looking to sell, buy, and trade funds? Didn't read the FAQ, etc entirely, but the poster below says that it states 'payments can't be cancelled'... If this option was used in the past, or there is a reason it isn't used, please let me know. From what I can see, it seems like a viable option.
Quote:
Originally Posted by ak7062
Is there any market for Amazon Payments? Their FAQ says payments can't be cancelled once initiated, and you can withdraw to your bank account. I did a search in the IP forum, haven't seen any reports of problems, but I could have missed something. I've seen people post that payments can be reversed, but I don't know that that's true (it seems to be contrary to their policy), and I have never seen anyone report that this has happened.
Any thoughts?
Quote:
Originally Posted by Rainbow Warrior
February 2012 Fraudulent Codes
Amazon was banned from the xfer thread until early July.
I also remember, but can not find, an earlier (2011?) scam where Amazon took back a transfered code amount after they determined that the code had been paid for with a stolen cc.
No recent problems.
Quote:
Originally Posted by nimbus
I think these are two different things.
Amazon payments is a "paypal" like service, where the sender transfers cash to a merchant. I've not had any experience with sending amazon payments but it seems to me like there would be situations where amazon customer service would need to be able to reverse payments. For example if you sent a payment to a merchant but did not receive your item or some item that did not match the merchant description.
The scams were associated with amazon gift card codes.