Can This Company Be EXPLOITED?

I'm asking this question, because there are a lot of blackhat vets who can take one glance and figure this out.

My second question would be: how can it be exploited?

The company is Obopay. They're kinda like paypal, but they mainly focus on sending money through cell phones. Also, they only allow US residents, but I've heard that they will expand to International.

Heres where the money is made: They pay $10 for signing up and $5 for each referral.

Heres the catch: You get $10 once you (1) created an Obopay account, (2) linked your bank account, OR your credit or debit card to the Obopay account, (3)funded your account with at least $10, and (4) conducted one transaction.

Another thing is that they ask for your SSN when signing up

I've already made my $10 a while back, but am looking to make more money.

If you want to help me out, feel free to sign up with this link:

Do NOT post your affiliate links here!

I don't see a good exploit at $5 a pop. The $10 they "give" someone is after that someone gives them $10 and does a transaction...that's a wash. A person is no better off than before they signed up with this. You only make $5 so it's not like you can incentivize it to potential signups.

Considering that you can go get people to open casino accounts and give them the $50 or so to fund their acct and make $75, $100 or more, your profits are $25 or more a pop, much better than the $5 from an unknown processor. A lot easier to attract people by giving them $50 or so too.

What a joke.. At first I thought you were talking about getting into the cell-phone pay business (which is BOOMING)..

Well thats what they do. You make payments with your cell phone. They've partnered with Verizon and have received over 30 million in venture capital.

Sorry about the affiliate link thing. Didn't necessarily expect Black Hatters to sign up. Just thought it would ok though. will read the rules.