Good afternoon everyone, there has been some rumblings about Flint as a tool for manufactured spending and I wanted to add my voice to the mix. I discovered Flint in late January as a featured tweet on Twitter, proclaiming “Get Your First Five Flint Transactions For Free!” Free is good, right? I will show how Flint works and share some warnings.
A few other miles and points bloggers shared their experience using Flint, so I would definitely read these posts if you are contemplating signing up for Flint.
- Miles Remaining: $3750 in Free Manufactured Spend with Flint
- Out and Out: A warning about Flint for manufactured spending
- Doctor of Credit: Why You Shouldn’t Use Flint For Manufactured Spending
The easiest way to describe Flint is to call it Square minus the Square card reader. Instead of swiping a credit or debit card through the reader, you just use the Flint app to scan the credit card number. This is what the scan looks like:
With Flint, you can charge up to $750.00 per scan and you can only use Visa or MasterCard credit cards. You then type in the expiration date, CVV code, and add a description.
The credit card owner then signs on the screen to approve the purchase.
From a merchant’s point of view, the app works very fell and you can easily complete all the steps in under 20 seconds. For a consumer, all you have to do is sign on the screen and request a text or email receipt to be sent to you. The payment is then processed and deposited to the merchant’s bank account in 1-2 days.
Now for some warnings. According to comments made on other blog posts (see the links above), some people have had their Flint accounts shut down after their first $750 payment, which seems very premature to me. Other people have received 1099-K tax forms or requests to do a soft credit check. After you process 1-2 payments, Flint will probably send you an email requesting information with the subject “Risk Information Request Result ####### Case Number ######.” Once you receive that email, you have to submit documentation to Flint showing your business license or an invoice to a customer. Failure to comply, Flint will cancel the transaction and may terminate your Flint account.
Do I recommend using Flint for MS? No, it seems like Flint is cracking down heavily on MSers and closing accounts left and right. If you have other options for MS, I would not use Flint. I stopped using Flint a few days ago and will not discuss any of my transactions. You have been warned, please proceed with caution.
If you have any questions, please leave a comment below. Have a great day everyone!