Evolve Money

I used Evolve Money last month to pay my mortgage. I had to make three separate payments with a follow-up call to my mortgage servicer to reclass the payments from principal to my regular monthly payment. This was a pretty good way to liquidate Vanilla gift cards that could no longer be loaded at Walmart especially since I could do this all from home.

However, I just received the following in an email from Evolve Money:

“Due to changes in our risk and regulatory compliance policies, Evolve Money will be implementing a limit of one payment per biller account per month. This change takes effect September 1, 2014. There are no limits on the number of cash payments made with a Reloadit pack or Evolve Pay Bucks.

We realize that some of our users have taken advantage of the multiple payments per month to pay off larger expenses such as mortgages. We are currently working on ways to improve the bill paying experience for you and expect to announce details soon”.

On to find new and better ways to liquidate these gift cards!

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