Scamming Paypal....with ease

Discussion in 'BlackHat Lounge' started by WebmasterDeluxe, Mar 20, 2010.

  1. WebmasterDeluxe

    WebmasterDeluxe Regular Member

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    Not that I am doing this....but not sure what is not stopping people....

    Have a friend open an online store, selling misc items...mainly higher price items.....you setup a store selling something similar......You act as a reseller....use your Paypal debit card to make 1-2 buys a day at your friends store......your friend will have a check cut later and pay you back....you share the 1% cash back...Naturally, nothing ships...you just play a shell game and get the free cashback

    I make about $1k a month in cashback from paypal from a reseller program I use now......
     
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  2. meathead1234

    meathead1234 Moderator Staff Member Moderator Premium Member

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    Heard of paypal fees? I guess not
     
  3. WebmasterDeluxe

    WebmasterDeluxe Regular Member

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    The accounts we use we get volume discounts on paypal fees.....If they have limits, it's news to me! I spent about 100k a month on the credit card, that debits frommy paypal account
     
  4. hitch

    hitch Regular Member

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    I hope paypal doesnt get you for wire transfer fraud, check fraud or malicious intent fraud lol

    just FYI 1 count of check fraud can lead you to 2 yrs in prison if you life in the US.

    I fell victim to a scam a few years ago, the guy just got convicted (ebay seller) and is now in prison until October 2011
     
  5. oxynom

    oxynom Junior Member

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    you have a fee of around 2-3% as a paypal merchant... this can't work
     
  6. virus_1720

    virus_1720 Elite Member

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    how can you make $1k/month when this thing is commercially impossible
     
  7. fearos

    fearos Junior Member

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    won't paypal get a "little" suspicious?
     
  8. carrepairs12

    carrepairs12 BANNED BANNED

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    why post stupid shit like this?
     
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