Before you can start selling to your audience, you need to know who your ideal customer is, where they are, and what they will buy. Unless you locked down a round of Venture Capital, chances are you were very cost conscious when you started your business. A lot of entrepreneurs lean towards PayPal to accept payments in an effort to reduce their overhead. PayPal has an inherently different business model than traditional merchant account providers. Failing to understand this difference has caused thousands of entrepreneurs to lose their businesses. Visa & Mastercard (and the other card brands) give consumers 6 months from the final point of delivery to dispute a charge on their card.
If your business no longer exists — thus your bank account can’t be drafted for the refund, the merchant account provider (including PayPal) needs to refund the customer.
This model works because they are balancing the risk of all the solid, reliable and ethical business people and consumers against the entrepreneurs who will commit fraud, launder money or simply sell poor quality products and close their doors before people ask for refunds (for any given reason). In short — they don’t know the likelihood of you disappearing if a customer wants a refund (or millions of customers). Because they don’t know anything about you or your company, if anything happens that they find “unusual”, their only recourse is to freeze your account entirely, or hold your money. As an entrepreneur, this should be a clear indicator to you that using an Aggregator is not intended as a long term, scalable solution to accepting payments. While Aggregators (PayPal and Stripe for example) have a “One to Many” (One Merchant Account for Many Businesses) structure, traditional merchant accounts have a “One to One” structure. The idea here is that if you are working with the Right Merchant Account provider, they will know you and your business — and understand the “risk” (or lack there of) before you ever start accepting cards. In addition, if something unusual does happen (a spike in volume, an increase if refunds or chargebacks, etc), because they understand your business they have other options to mitigate the risk than simply freezing funds or closing your account. To be clear though — this is all contingent on picking the right Merchant Account Providers. Of that 1%, even fewer actually ARE “High Risk” Providers and aren’t simply making a run at picking up extra business. If you end up with one of the 99%+ “Low Risk” Merchant Account Providers, they will handle your account the same way PayPal or Stripe would — approve the accounts quickly and close it quickly. It’s important to note: Even with the best Merchant Account Providers, you still run the risk of them keeping your money or closing your account. On the opposite end of the spectrum (very “high risk”) you have a company based in India that gives a free trial of a “Natural Male Enhancement” supplement and automatically bills you $99 a month after a free 14 day trial — and they guarantee it will “add two inches to your manhood” (this is a real example, I can’t make this stuff up). Things that make this very high risk: Location (India) statistically has higher fraud, future deliverability, subjective in quality, extreme claims, free trial, recurring billing, etc.
Regardless of the situation, the likelihood of having a PayPal or Stripe account shut down is much higher than a Traditional Merchant Account (because they don’t underwrite).
If you have a startup that you’re still trying to prove as viable business — PayPal is a super fast, easy way to get setup. You will likely pay a slightly higher percentage and transaction fee, but the flexibility of not having a monthly fee can be worth it.
Similar to being in the “proof of concept” stage (and often overlapping), when your sales are under 10,000 a month, there is less incentive to spend the time and energy fully protecting yourself with a traditional merchant account. In fact, even in the retail sector, in 2013 Home Depot added PayPal as an option for consumers to pay with. It doesn’t feel like real money, so I leave it in my account and use it for things I wouldn’t necessarily spend money on otherwise.
First and foremost, we know that Visa and Mastercard mandate independent Merchant Accounts once you’ve sold $100,000 so it stands to reason that if you currently do or will shortly have sales greater than that, it’s time for a real merchant account. So in a nutshell, PayPal and Stripe are great entry level options to accept cards as they comes with some flexibility built in, but they don’t provide much protection. Brad Weimert is the founder of Easy Pay Direct ; One of the largest Merchant Account brokers and First Tier Online Gateway Providers in the world. Today we look at what it takes to launder money online, specifically through stolen credit cards. The thousands of results returned include scammers that are selling everything from card data to bank logins, botnets, paypal accounts and complete online identities. From my own reading here, it looks like prices double on average when the card is sold with information on the person that the card belonged to (address, name et cetera).
As I scroll through the services listed on Pastebin, I think about what buyers do with this data and how they really make any serious money. Perhaps the simple answer is that with a stolen credit card one could go buy a whole bunch of items from an online market and then resell them. Higher earnings can be found by mixing the offline and online world, where scammers take more risk by doing things in person but stand to make greater profit over fewer transactions.


Admittedly I am not an expert in offline credit card fraud (detection), but from what I have read it’s surprisingly easier to get up to speed here than I thought it would be. As mentioned earlier, there’s a fair amount more risk involved with this scam, in the sense of getting caught and going to jail. Any competent scammer looking to make real money wouldn’t like this scam, so would either contract this work out (less risk, less reward) or stay away from it completely. When you think about a fraudster being both the buyer and the seller, then certain scenarios that used to be quite puzzling suddenly become rather clear.
Since the app store takes care of processing the buying and selling of the apps, it’s up to the fraudster only to make sure that each purchase he makes from himself with a stolen card (as many as possible whilst being careful not to raise any alarms) looks legitimate.
April 11, 2015 by Emily Bosch 2 Comments As cloth diapering moms, we’ve all been there at one time or another… We gleefully order cloth diapers online and anxiously await their arrival in the mailbox only to hear, “What? I don’t know about you, but I sure don’t have the time to sit around and answer surveys or watch videos online. If all else fails, you can always just grab an extra Jackson as cash back from your grocery shopping trip. Filed Under: Funny, How-To Guides Tagged With: Fiverr, Ibotta, laundering, PayPalCan You Clean Cloth Diapers in the Dishwasher? March 27, 2015 by Jessica Roxburgh Leave a Comment As parents we’re all looking to make things easier.
So imagine how I felt when I had read that there were other parents out there cleaning their cloth diapers in the dishwasher (or on the stove, or in the microwave). I blame Pinterest, where everyone celebrates life hacks and anything that’s repurposed.
So I beg you, stick to using your washing machine for cloth diapers and leave your kitchen for its original purpose: cooking food.
If you absolutely must get yourself a Pringles man bum placement Martin diaper, check out these stores. The irony is that while PayPal doesn’t have a monthly fee, its rates tend to be much higher than most traditional merchant accounts. This post will guide you through when PayPal is a good solution, how it works and the common mistakes people make with it. Their primary concern is that you will sell A LOT of product(s) and then disappear or close your doors before your sales start to get disputed… leaving them holding the bag for hundreds, thousands or millions in refunds. Instead of issuing a single merchant account to a single business, PayPal has ONE merchant account that they let millions of people use (it’s a bit more complicated than that — but that is the basic idea). This is great because it means you as the entrepreneur can accept credit cards almost immediately.
Once an individual or business sells more than $100,000, Visa and Mastercard force the Aggregator to issue individual, traditional Merchant Accounts for the business. Because they’re not balancing the risk of your account against millions of others, they want details on your specific situation before they give you a Merchant Account. As a result, the likelihood of having your account frozen, or having funds held is much lower.
Of the thousands of Merchant Account providers out there, only about 1% of them consider themselves “High Risk” Providers — which despite the abrasive term, are the ones who do effective underwriting. You swipe your card for a couple bucks (or 8 at Starbucks) and get your coffee immediately. If your world is going to collapse if your account is closed — you should rethink solely relying on PayPal. Without true proof of concept, the business might not be around next month, or you may “pivot” (alter your business model).
There is also less incentive for an Aggregator to flag your account; If you have a 100k or Million dollar spike, there is significant liability. It’s when they’re making an effort to capture a portion of the people that abandon their shopping cart — or perhaps won’t buy unless they can use their PayPal account. To place all the risk with one provider is not a good idea…much less a provider who doesn’t thoroughly understand your business.
To recap, if you have any refunds or chargebacks at all, or are simply in an industry where that’s common, you’re considered “High Risk”.
When your business is very small or you want to add a payment option, PayPal and Stripe are a solid go to. There are actually MANY reasons a provider could shut down your account that have nothing to do with your Individual Business. You should be on your way to choosing a solid, reliable way for getting paid in your business.
Please remember that the intention of this series is for readers to learn how to better detect fraud, not to improve how they implement it. What’s always fascinating to me is that the Web seems to provide a false sense of security to scammers who feel nothing flaunting their illegal services in full view of authorities and anyone that really cares to take a look.


To make things happen in the offline world, scammers push the stolen card data they bought online onto a physical card that can be swiped offline. Since the scammer paid nothing for the items that have been purchased, his profit is a function of the resources allocated to buying from offline stores and the effort required to sell online.
Scammer will buy goods using a stolen credit and sell them at a discounted price to a buyer through the market. What’s important to remember is that all the fraudster is doing here is eliminating bottlenecks and potential risks in order to optimize his path to profit. By selling to himself at a price that he thinks is about right, he launders the stolen credit card through the market in a manner that is quick and almost risk free. Just think about it a little, fraudsters can sell something that cost next to nothing to build (basically it’s just the cost of cycles on their CPU to build an empty app) and the market will happily onboard yet another publisher in their ever increasing app store (now with millions of apps!). My toddler is repeating everything and anything we say, and well, old habits are hard to break. A lot of moms are taking their kitchen appliances to the next level, stripping cloth diapers in the dishwasher or sanitizing them in the microwave using steam (similar to those bags for cleaning breast pump parts).
Putting cloth diapers in the dishwasher is a huge fire hazard – if a fabric piece falls through and lands on the heating element, that spells trouble. Does a vague resemblance to a character on a can of stacking chips actually increase the market value of a cloth diaper?
Let’s shed some light on how traditional Merchant Accounts differ — then we can answer that question. How likely is the average consumer to go home, call their credit card company and dispute the charge for that cup of coffee… even if it’s terrible?
In those situations, it may be best not to have a contract, which all merchant accounts have. Of course, I’d encourage to split test this yourself and see if it’s relevant for your market. I’m not talking about scammers that sell the data card by card, I am referring to the scammers that buy it.
An entry level scammer may interrupt now and say that you don’t deliver it to yourself, because the goal is to launder the card as quick as you can and make a clean getaway.
Money would only slowly trickle in and by the time it starts any meaningful income then the account on A could get closed at any time (buyer reports the seller after the cops come knocking). The disconnect between offline and online, and making sure only to purchase hard to track items, mitigates the risk of the scammer’s online account responsible for sales being reported and his efforts going to waste. A savvy jewelry clerk could smell a bad deal and call the cops whilst putting on a ruse for the scammer.
So ultimately what the fraudster is saying, is why waste time with merchants and legitimate buyers when the enterprising fraudster can be both! In response to the cries of “too many diapers” and the dreaded “budget”, here are some creative ways you can add to your fluff stuff on the sly. If you have a spare laptop or phone, you can run these indefinitely and meet your goals fairly quickly.
The concept is this: if someone in your home drops the f-bomb or other similar offences, you put money in the jar. There is a very specific way to do this — and if you don’t do it the right way it completely defeats the purpose. One way to do this is sell items at a discount on online market A, once these sell then you buy the product through online market B with the stolen card and ship to the buyer from market A.
A card could have been reported as stolen between purchasing the data and printing it to a card, prompting a call to the credit card company when swiping the card. Most of the available gigs on Fiverr are in the realm of graphic design, marketing, and video production, but you can also find funny ones involving adorable little Ewoks, prank calls, dancing hot dogs, and messages written in shells, Spaghettios, and other food. If you don’t, it takes a bit of time and a lot of battery power from your mobile device, so get your chargers out.
There are even a handful of entrepreneurial ladies willing to answer all your cloth diaper questions for $5. If your husband swears as much as mine does, he won’t notice when some of that cash goes by the wayside. While it does cost a small fee to list items, this could be your avenue to a supplemented income.



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