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Amazon Payment with no fee

NSTar 109 August 20, 2010 at 02:27 PM in Other (3) More PayPal.com Deals
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worship

guys, time to ditch paypal. Amazon allows you to send and receive money with no fee attached Smilie

https://payments.amazon.com/sdui/...tpayme/faq


what's cool is you can text money to each other... like splitting bills at a restaurant.. on they fly!!

you can purchase from your phone too. Just sent a text to AMAZON and send (example) Metroid other M. Amazon reply back with buying choices. SIMPLE.
click me for visual [amazon.com]

I'n not sure how long this will last but anything is better than ebay and paypal. Amazon is a huge and reputable company with great customer service...can't loose even if they start to take fees later on. Also, you can send money to each other using your credit card (rack up some points) however, there is $1000 per month limit (still, better than nothing).

*********RANT BEGINS********
I truly hate PAYPAL. I'm sure others who got their account frozen for no reason will enjoy this. I will never do paypal again even if they do it for free too! that business can go bankrupt for threating me and other people with so much disrespect. Thank you amazon!!

Is it true that someone had to sue paypal just to get them to publish their csr number? I hate paypal with a passion. And I hope companies like paypal and ebay can go to ****. And you too Meg Whitman!!!
********end RANT ************

449 Comments

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#46
Quote from isbn1975 View Post :
It is against their policy to "charge" additional fees to buyers, but the "discount" should be okay. However, I don't think eBay allows sellers to offer(or mention) any other type of payments on their listings, unless the buyer specifically asks first after the auction. (Correct me if I'm wrong.)
I got nailed by Ebay for offering a discount not to use Paypal. I was also told that I couldn't offer on my ad Google's payment system. Someday there will be a class action suit against ebay/paypal
Reply Helpful Comment? 0 0
#47
Quote from Shakespeare View Post :
I need a new way to create a virtual credit card #'s when Paypal stops. I have Chase so they don't have that option.
I've been using Citicard's Forward for my virtual #s.
Reply Helpful Comment? 0 0
#48
cool, maybe I'll get around to my $360 BING cash and transfer it to amazon instead of paypal?
Reply Helpful Comment? 0 0
#49
Wait, so what's to stop me from sending $20,000 to my friend using my Schwab Visa 2% cashback card (no cashback limit), getting $400 in cashback, then getting my $20,000 back in the form of a check after he withdraws the funds into his bank account, repeat every month ... ?

I'm guessing 1) ethicality and 2) IRS?
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#50
Quote from CarpeDeo View Post :
Wait, so what's to stop me from sending $20,000 to my friend using my Schwab Visa 2% cashback card (no cashback limit), getting $400 in cashback, then getting my $20,000 back in the form of a check after he withdraws the funds into his bank account, repeat every month ... ?

I'm guessing 1) ethicality and 2) IRS?
$1000 limit...
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Sunny Sewalls Point :)
32,380 Reputation
Pro
#51
Quote from CarpeDeo View Post :
Wait, so what's to stop me from sending $20,000 to my friend using my Schwab Visa 2% cashback card (no cashback limit), getting $400 in cashback, then getting my $20,000 back in the form of a check after he withdraws the funds into his bank account, repeat every month ... ?

I'm guessing 1) ethicality and 2) IRS?
And #2, only allowed to give away 24,000 per year per person
Reply Helpful Comment? 0 0
#52
Quote from CarpeDeo View Post :
Wait, so what's to stop me from sending $20,000 to my friend using my Schwab Visa 2% cashback card (no cashback limit), getting $400 in cashback, then getting my $20,000 back in the form of a check after he withdraws the funds into his bank account, repeat every month ... ?

I'm guessing 1) ethicality and 2) IRS?
The $1,000 per month CC limit is what will stop you - the IRS has nothing to do with this
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#53
I'll have to look into this. I hate PayPal with a passion and stopped using their services several years ago after they held $2500 of my money for half a year because someone filed a faulty complaint. I could list all of the issues I have with them and eBay for hours but I'll just leave it at "they suck." vomitvomitvomitvomit
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#54
I wonder how long it will take to get the funds into your bank account ready to use after transferring them from your amazon payment account.
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#55
paypal is awesome, i've been using it for years with no issues.... not sure what kind of problems people are having...
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#56
Quote from koven View Post :
paypal is awesome, i've been using it for years with no issues.... not sure what kind of problems people are having...
It's great you have no problem. Me neither. But that doesn't mean other people don't run into problems with it.
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Sunny Sewalls Point :)
32,380 Reputation
Pro
#57
Quote from koven View Post :
paypal is awesome, i've been using it for years with no issues.... not sure what kind of problems people are having...
Not very good for Sellers
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#58
Quote from NSTar View Post :
there is 1k limit per month. Paypal charges fees when you send money as gifts if I recall, I think they charge the sender the fee.
For sending money as gifts, Paypal charges no fees at all as long as the money is funded from your Paypal balance or your bank account.
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#59
Quote from JAB View Post :
Someday there will be a class action suit against ebay/paypal
Brilliant idea... how about some action now. I support this motion. Anybody a lawyer who wanna do this?! worship

It's so ridiculous how much money PayPal charges in fees. Never sell anything on eBay with an auction that ends lower than $0.40 plus shipping, because you will only end up with less than $0.02 profit after all eBay/PayPal fees... PayPal being the one taking almost half your chunk of payment (at $0.34). Using a handy eBay/PayPal fee calculator here [newlifeauctions.com], I did the following example with a one-cent auction.

Example:
Starting Bid: $0.01
Ending Bid: $0.01
S&H Charged: $1.00
S&H Actual: $1.00

Results:
Insertion Fee: $0.00
Final Value Fee: $0.00
Total eBay Fees: $0.00
PayPal Fee: $0.33
Total Fees: $0.33
Net Proceeds: -$0.32

Quote from ky151 View Post :
For sending money as gifts, Paypal charges no fees at all as long as the money is funded from your Paypal balance or your bank account.
That's only true if you have their Personal accounts. I upgraded my account to accept credit cards and since than, every of my transaction including ones from PayPal balance or bank account get charged a fee. That is so wrong. They should keep that part fee-free since it doesn't involve a credit card transaction.
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#60
Quote from deeds View Post :
And #2, only allowed to give away 24,000 per year per person
Ahh, I see ... so that foils my get rich scheme of signing up for every cashback card in existence and sending millions of dollars to my friends. shake head thanks.
Reply Helpful Comment? 0 0
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