Amex Serve Online CC Loading Options Changing

[bch238]

I got the email and wasn't surprised. I predicted in a thread a month ago this would happen sooner or later.  Amex can't indefinitely incur swipe charges paid to Visa and MC to allow this kind of funding, and the issuers of the funding card  couldn't allow what is essentially a cash advance without the fee.  I've never used anything but my BCP to fund the Serve, so it doesn't affect me in the slightest.

[Anonymous]

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@Anonymous wrote:

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@thelethargicage wrote:
He must've churned like $800K last month, so next we know, Serve gets nerfed :-P

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Nah, too busy selling chemical weapon prescursers to ISIS last month to get round to loading serve.  Slightly more profitable as well.

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funny thing to joke about, until you get surprise visit from the gov't

[JSS3]

I don't have an Amex.

Even if I did, I wouldn't use it for Serve. I loved Serve for what it did.

[Open123]

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@JSS3 wrote:
Softcard. Lol

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Hahahaha...right, I'm still hung up on buying T-Mobile on the Softbank buyout rumors.

[Anonymous]

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@Open123 wrote:

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@JSS3 wrote:
Softcard. Lol

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Hahahaha...right, I'm still hung up on buying T-Mobile on the Softbank buyout rumors.

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they're keep pushing that 20 bucks sign up deal on that prepaid card.

[Open123]

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@bch238 wrote:

I got the email and wasn't surprised. I predicted in a thread a month ago this would happen sooner or later.  Amex can't indefinitely incur swipe charges paid to Visa and MC to allow this kind of funding, and the issuers of the funding card  couldn't allow what is essentially a cash advance without the fee.  I've never used anything but my BCP to fund the Serve, so it doesn't affect me in the slightest.

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Right, far and away the Issuer's biggest concern is this allows anyone to effectively bypass cashadvance fees they'd much rather make.

[MarineVietVet]

Two threads on this subject are now merged.

[Anonymous]

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@Open123 wrote:

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@bch238 wrote:

I got the email and wasn't surprised. I predicted in a thread a month ago this would happen sooner or later.  Amex can't indefinitely incur swipe charges paid to Visa and MC to allow this kind of funding, and the issuers of the funding card  couldn't allow what is essentially a cash advance without the fee.  I've never used anything but my BCP to fund the Serve, so it doesn't affect me in the slightest.

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Right, far and away the Issuer's biggest concern is this allows anyone to effectively bypass cashadvance fees they'd much rather make.

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Wonder if the prepaid RedCard is next on the chopping block

[Anonymous]

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@Anonymous wrote:

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@Open123 wrote:

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@bch238 wrote:

I got the email and wasn't surprised. I predicted in a thread a month ago this would happen sooner or later.  Amex can't indefinitely incur swipe charges paid to Visa and MC to allow this kind of funding, and the issuers of the funding card  couldn't allow what is essentially a cash advance without the fee.  I've never used anything but my BCP to fund the Serve, so it doesn't affect me in the slightest.

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Right, far and away the Issuer's biggest concern is this allows anyone to effectively bypass cashadvance fees they'd much rather make.

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Wonder if the prepaid RedCard is next on the chopping block

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No!   

[Anonymous]

I wonder if the whole buying AMEX gift cards first would still work to then allow loading onto serve to use for billpay, etc.

Note: I don't have a Serve so I've never gone this far into it. Just a thought, really.