1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Scamming Paypal....with ease

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

  1. WebmasterDeluxe

    WebmasterDeluxe Regular Member

    Joined:
    Jan 29, 2010
    Messages:
    279
    Likes Received:
    259
    Location:
    LA
    Home Page:
    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......
     
    • Thanks Thanks x 1
  2. meathead1234

    meathead1234 Moderator Staff Member Moderator Premium Member

    Joined:
    Sep 24, 2008
    Messages:
    3,816
    Likes Received:
    13,921
    Heard of paypal fees? I guess not
     
  3. WebmasterDeluxe

    WebmasterDeluxe Regular Member

    Joined:
    Jan 29, 2010
    Messages:
    279
    Likes Received:
    259
    Location:
    LA
    Home Page:
    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

    Joined:
    Aug 17, 2009
    Messages:
    217
    Likes Received:
    366
    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

    Joined:
    Aug 20, 2009
    Messages:
    128
    Likes Received:
    115
    Location:
    Bangkok, Thailand
    you have a fee of around 2-3% as a paypal merchant... this can't work
     
  6. virus_1720

    virus_1720 Jr. VIP Jr. VIP Premium Member

    Joined:
    May 9, 2008
    Messages:
    1,686
    Likes Received:
    1,197
    Location:
    BHW
    how can you make $1k/month when this thing is commercially impossible
     
  7. fearos

    fearos Junior Member

    Joined:
    Feb 18, 2009
    Messages:
    186
    Likes Received:
    43
    won't paypal get a "little" suspicious?
     
  8. carrepairs12

    carrepairs12 BANNED BANNED

    Joined:
    Jun 7, 2009
    Messages:
    326
    Likes Received:
    236
    why post stupid shit like this?
     
    • Thanks Thanks x 2