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Infinite Money Method (not really)

Discussion in 'BlackHat Lounge' started by Moabaer, Aug 5, 2016.

  1. Moabaer

    Moabaer Junior Member

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    So, lately I was thinking this:

    If you buy something with your credit card using paypal and then get the money back, you got yourself more money than you had before for the time until the company wants their money.

    Now all you need is a credit card with very high or no limit at all (the higher the better) and a partner that can receive high amounts of money. This is not really necessary though if you just order from somebody and then cancel the order. You gotta pay him though.

    Now lets say you get to buy something for 10k total (split it between 10 sellers for 1k, no problem). Now you cancel the order and get a refund.

    Ok now you have 10k in your PayPal account. Now if you transfer this money to your bank account, you get interest for 10k for pretty much one month (until the credit card company gets their money back)

    Now for you, the payment is free, you basically lend yourself 10k. But you get a little bit of interest because you have more money on your bank account.

    Now if you could somehow do that with 100k, you get a nice interest.

    I know this sounds really stupid, but I wanted to share a silly thought with you :D

    Regards
     
  2. MaFiaStyle

    MaFiaStyle Regular Member

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    Do you know that if you make payment by credit card through paypal, the refund goes the source of funding that was used to pay? if you pay using credit card then the refund will go back to credit card directly. Never go back to Paypal. If you pay using paypal, the money goes back to paypal.
     
  3. Moabaer

    Moabaer Junior Member

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    Well then you need a partner that refunds it. As far as i know you get it into your account, dont you?
     
  4. Alaindeloin

    Alaindeloin Regular Member

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    OP trying to invent hot water...
     
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  5. RightFootFanatic

    RightFootFanatic Regular Member

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    Even if you got the money to your bank account the interest rates wouldn't level out the fees of paypal and cc.
     
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  6. Capo Dei Capi

    Capo Dei Capi BANNED BANNED

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    Where have you been for the past several years? Interest rates suck
     
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  7. Diskretni

    Diskretni Junior Member

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    Nice terminology,it's exactly as you described :D
     
  8. neu009

    neu009 Jr. VIP Jr. VIP

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    LOL, you do realize you pay with CC it goes back to the CC to prevent fraud, like the one you are trying to post here.
    So while already a dumb idea that will land you in hot water, it won't even work lol
     
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  9. Kei

    Kei Registered Member

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    Nice method (Not really)