Why You Shouldn’t Use Flint For Manufactured Spending

The Flint App is a mobile phone application that allows you to accept credit card payments without a card reader. It used to be possible to put through $3,750 in spend with Flint in the first 30 days with no fees. This has steadily got more and more difficult, it’s now at the stage where it looks like this method no longer works. Here are the problems you’re going to run into if you attempt this:

  • They’ll issue you a 1099-K meaning you’ll be liable for taxes (schedule C is your friend here, depending on your business)
  • They’ll require some proof that a purchase was legitimate, people have reported being asked for invoices for all transactions run on the application for example (myself included)
  • They’ll shut down your account for no reason
  • They’ll make it difficult to access your funds once your account is shut down
  • They often request a lot of personal information after the initial sign up process

I found out about Flint awhile ago and decided not to post about it after my own personal experiences. I was asked for proof that the purchase was legitimate, even after that proof was shown when I ran another charge my account was shut down.

Being able to manufactured credit card spend at home in your underpants is great, but Flint simply isn’t worth the hassle. Not every new method is going to be a winner and this one is definitely a loser as far as I’m concerned. If I knew what I know now, I definitely would not have bothered with this.

Whenever new payment applications like this come along, myself and other manufactured spenders always flock to them. Typically because they usually either have a lower introductory fee or no fee for a set amount of transactions. These apps usually wisen up pretty quickly and the method is shut down. I think in future I probably won’t bother due to how limited and how much trouble they’ve caused me in the past.

If you’re going to use Flint, try to be smart about it. Don’t use your own credit cards, don’t do transactions of $750 and nothing else. Expect to run into lots of difficulties and hoops to jump through. Personally I don’t see it was worth the time invested, but different strokes for different folks as they say.

You can read Miles’ Remaining post for more information.

 

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