Just last month I posted how easy it was to manufacture spend $2,000 a month with Amazon Payments to collect miles and points without having to spend any money. Well the ship has sailed. Starting October 13, 2014, Amazon Payments will no more allow us to manufacture spending with their payment system! In an e-mail from Amazon, they’ve notified their customers that the terms of service has been updated to no longer allow person-to-person payments.
Here is the update in the terms of service:
Additionally, we have updated the terms and conditions of our 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.
Basically Amazon caught on with how many people were sending payments back and forth to each other and making money off their system. Obviously this isn’t what their payment system was intended form. This is just another kick in the head followed by the CVS and Vanilla Reloads dilemma that happened earlier this year when CVS stopped taking credit cards to buy Vanilla Reload cards. Thankfully Amazon Payments is a minor set back for me. I was only using them to meet an annual spending requirement for $10,000 on one of my credit cards.
Don’t forget to send your final Amazon Payments between October 1 – 12!
Is this a big disappointment for you? Share your thoughts in the comments below!