livethebeat
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A lot of you may be familiar with this as it's one of the oldest but most successful tricks in the book but considering this is the beginners section I thought I'd help out those new to the game.
1. What is Paypal?
- PayPal is an e-commerce business allowing payments and money transfers to be made through the Internet. PayPal serves as an electronic alternative to traditional paper methods such as checks and money orders and has been involved in many ligations concerning fraud scams.
A PayPal account can be funded with an electronic debit from a bank account or by a credit card. The recipient of a PayPal transfer can either request a check from PayPal, establish their own PayPal deposit account or request a transfer to their bank account. PayPal is an example of a payment intermediary service that facilitates worldwide e-commerce.
PayPal performs payment processing for online vendors, auction sites, and other commercial users, for which it charges a fee. It sometimes also charges a transaction fee for receiving money (a percentage of the amount sent plus an additional fixed amount). The fees charged depend on the currency used, the payment option used, the country of the sender, the country of the recipient, the amount sent and the recipient's account type.
2. "Man-in-the-Middle" Scam
- The scam involves a little bit of social engineering and timing. Basically this scam is broken down into three areas:
a.Seller:
- The seller will be the victim in this scam. The seller is the party selling the item/goods/product you wish you obtain.
b.Buyer:
-The buyer is the party you will be 'borrowing' the money from.
c.Attacker::
- The attacker is you, you sexy beast.
How the scam works
The scam is actually very simple but despite how simple it is, it still has a 95% success rate.
Basically the attacker (you) borrows the money from the buyer to purchase goods from the seller.
Sounds pretty simple, eh? It is.
This is how it's done.
You find an online ad/website where the seller accepts PayPal as a payment option. Let's say the seller is selling a MacBook Pro for $1,500 you contact the seller and talk to them, ask questions about the laptop etc. basically trying to stall them for time.
While you're doing this, you post an ad on craigslist/kijiji/other classifieds website or eBay for that exact same laptop for the same price.
If you're using a classifieds ad to get a buyer then you'll have to talk to the buyer, answer any questions the buyer has but since it's a classified ad they'll be skeptical about trusting you. Sometimes they'll request that you take a picture of the laptop with a piece of paper saying something, usually their email address or user name. No problem!
What you do in this situation is the exact same thing the buyer is requesting from you. You contact the seller of the original laptop and ask them to take a picture of the laptop with a piece of paper with whatever the buyer is requesting from you.
If you don't believe this works, here's an example of social engineering in practice:
Once you get the sign picture, you send that picture to the buyer to gain his trust that you actually have this laptop.
Once the buyer agrees to buy the laptop from you and requests for your PayPal email what you do is you tell the seller you were just talking to that you want to buy his laptop and need his PayPal email address to send the payment to.
Once you have both emails from the buyer and seller you tell the buyer to send the payment to the sellers email address. Once the buyer sends the payment give the seller YOUR shipping address. It's up to you to convince them why not to ship to your verified PayPal address but it's generally simple.
Give them your drops address (You don't want to use your real address unless you're sure you won't get caught).
The seller receives your buyers payment while the seller ships the laptop to your address.
Couple of weeks later the buyer retracts his payment and the seller is out of a laptop. He'll email you angrily with his fists in the air.
You can do this with pretty much any item. The best things to scam are things that don't need shipping, obviously; like World of Warcraft accounts ($300-$1200), Game Time Cards, CD keys, Windows Vista/7 CD-Keys etc. But if you have drops then laptops and electronics like iPhones etc are good to scam and bigger money.
If you have any questions post them in the thread and I'll answer them.
(c) livethebeat specifically for carder.market
1. What is Paypal?
- PayPal is an e-commerce business allowing payments and money transfers to be made through the Internet. PayPal serves as an electronic alternative to traditional paper methods such as checks and money orders and has been involved in many ligations concerning fraud scams.
A PayPal account can be funded with an electronic debit from a bank account or by a credit card. The recipient of a PayPal transfer can either request a check from PayPal, establish their own PayPal deposit account or request a transfer to their bank account. PayPal is an example of a payment intermediary service that facilitates worldwide e-commerce.
PayPal performs payment processing for online vendors, auction sites, and other commercial users, for which it charges a fee. It sometimes also charges a transaction fee for receiving money (a percentage of the amount sent plus an additional fixed amount). The fees charged depend on the currency used, the payment option used, the country of the sender, the country of the recipient, the amount sent and the recipient's account type.
2. "Man-in-the-Middle" Scam
- The scam involves a little bit of social engineering and timing. Basically this scam is broken down into three areas:
a.Seller:
- The seller will be the victim in this scam. The seller is the party selling the item/goods/product you wish you obtain.
b.Buyer:
-The buyer is the party you will be 'borrowing' the money from.
c.Attacker::
- The attacker is you, you sexy beast.
How the scam works
The scam is actually very simple but despite how simple it is, it still has a 95% success rate.
Basically the attacker (you) borrows the money from the buyer to purchase goods from the seller.
Sounds pretty simple, eh? It is.
This is how it's done.
You find an online ad/website where the seller accepts PayPal as a payment option. Let's say the seller is selling a MacBook Pro for $1,500 you contact the seller and talk to them, ask questions about the laptop etc. basically trying to stall them for time.
While you're doing this, you post an ad on craigslist/kijiji/other classifieds website or eBay for that exact same laptop for the same price.
If you're using a classifieds ad to get a buyer then you'll have to talk to the buyer, answer any questions the buyer has but since it's a classified ad they'll be skeptical about trusting you. Sometimes they'll request that you take a picture of the laptop with a piece of paper saying something, usually their email address or user name. No problem!
What you do in this situation is the exact same thing the buyer is requesting from you. You contact the seller of the original laptop and ask them to take a picture of the laptop with a piece of paper with whatever the buyer is requesting from you.
If you don't believe this works, here's an example of social engineering in practice:
Once you get the sign picture, you send that picture to the buyer to gain his trust that you actually have this laptop.
Once the buyer agrees to buy the laptop from you and requests for your PayPal email what you do is you tell the seller you were just talking to that you want to buy his laptop and need his PayPal email address to send the payment to.
Once you have both emails from the buyer and seller you tell the buyer to send the payment to the sellers email address. Once the buyer sends the payment give the seller YOUR shipping address. It's up to you to convince them why not to ship to your verified PayPal address but it's generally simple.
Give them your drops address (You don't want to use your real address unless you're sure you won't get caught).
The seller receives your buyers payment while the seller ships the laptop to your address.
Couple of weeks later the buyer retracts his payment and the seller is out of a laptop. He'll email you angrily with his fists in the air.
You can do this with pretty much any item. The best things to scam are things that don't need shipping, obviously; like World of Warcraft accounts ($300-$1200), Game Time Cards, CD keys, Windows Vista/7 CD-Keys etc. But if you have drops then laptops and electronics like iPhones etc are good to scam and bigger money.
If you have any questions post them in the thread and I'll answer them.
(c) livethebeat specifically for carder.market
