I got notice of updated terms from Amazon Payments by email today.
Amazon Payments will stop allowing person-to-person transfers after October 12.
The email said,
Additionally, we have updated the terms and conditions of our User Agreement (https://payments.amazon.com/help/Personal-Accounts/User-Agreement-Policies/User-Agreement) that apply to your use of the products and services provided by Amazon Payments. Our updated User Agreement revises certain terms (including, among other things, the elimination of person-to-person payments). Our new User Agreement will become effective on October 13, 2014, which is more than 30 days from when we first posted our updated User Agreement. By continuing to use our services after October 13, 2014, you are agreeing to be bound by the terms and conditions of our new User Agreement.
The great thing about Amazon payments is that nobody had ever heard of them. Everyone knows Paypal. And Amazon wanted to break into that market. So they made themselves super user-friendly, allowing you to send people up to $1000 per month charged to a credit card with no fee. The idea was that could help them gain traction in the marketplace.
Of course plenty of people sent $1000. And then had $1000 sent back to them. It was an easy way to earn miles.
That’s going to end. You can still send your $1000 for September, and then again during the early part of October.
Dan’s Deals covers this as well.
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